Daily News Outlook - July 8

Alcoa Inc (AA)($9.07 billion market cap) will release its earnings report at 5 p.m. today. Pepsi Bottling Group said this morning its quarterly net income was $211 while net revenue fell 7 percent to $3.27 billion.

Family Dollar stores reported this morning that net income was up 36 percent to $87.7 million while sales rose 4 percent to $1.83 billion. Shares were up 10 percent in early trading

Earnings for Mid-Cap, Small-Cap firms
 -Global Star inc (GSAT)($135.6 million market cap), which provides mobile voice and data communications via satellite, reports quarterly earnings at 5:00 p.m.

- 3Com Corp. (COMS) ($1.80 billion market cap), provider of computer networking services, reports earnings on Thursday ahead of the market open. Consensus analyst estimates are for EPS of $0.05, down from $0.09 in the year-ago period. Revenues are also expected to fall to $295 million, down 8% from the $321 million 3Com reported in fiscal Q4 2008.

June retail sales out July 9
 Many retailers are set to release their results for June on July 9, although there will be some notable holdouts, including some of the top 10 retailers. The Top 10 U.S. retailers by annual sales are Wal-Mart, Kroger, Costco, The Home Depot, Target, Walgreen, CVS Caremark, Lowe's, Sears Holdings Corp., and Best Buy, according to the National Retail Federation.

New Energy Symposium in New York
 The "New Energy Symposium" will be held in New York City through July 8-9 putting together members from the clean energy industry, government officials and scientists to discuss how to develop sustainability and clean energy technologies in the state.

Second International Conference Automotive Biofuels
 The 2nd International Conference Automotive Biofuels will be held in Berlin-Postdam, Germany from July 7-8 to discuss the breakthrough of biofuels from the second generation, and talk about optimized engine performance and how to meet climate requirements with natural gas and bio-gas.