The Calendar

MERCK (MRK )

Mon. Oct. 22, 9 a.m. EDT

The pharmaceutical giant announces its third-quarter earnings. The U.S. government approved its Isentress AIDS treatment on Oct. 12.

APPLE (AAPL )

Mon. Oct. 22, 5 p.m. EDT

The computer and iPod maker presents third-quarter results. On Oct. 16, Apple cut the price of songs without digital rights management at its iTunes Store to 99 cents, from $1.29.

VOLKSWAGEN

Tues. Oct. 23

The European Court will rule on the legality of a stockholder voting-rights provision that has protected the German automaker from takeover and kept it under state control. If the rule is overturned, Porsche, which currently owns 31% of VW, could take full control.

GREENSPAN SPEAKS

Tues. Oct. 23, 10 a.m. EDT

The former Federal Reserve chairman and author of The Age of Turbulence is the keynote speaker at the 2007 Midwest ACG Capital Connection conference in Chicago.

AEROSPACE & DEFENSE

Tues. Oct. 23, 11 a.m. EDT

Lockheed Martin (LMT ) starts a week of earnings news for the sector, which is up by a market-beating 22% this year. Next up are Boeing (BA ) and General Dynamics (GD ) on Oct. 24, followed by L-3 Communications (LLL ), Northrop Grumman (NOC ), and Raytheon (RTN ) on Oct. 25.

JAPAN'S ECONOMY

Tues. Oct. 23 7:50 p.m. EDT

The government issues September foreign trade data. On Oct. 25, September industrial output and October inflation data come out.

U.S. HOUSING

Wed. Oct. 24, 10 a.m. EDT

An update on housing begins with September existing-home sales and third-quarter results from Pulte Homes (PHM ). New-home sales data are due on Oct. 25. Mortgage lender Countrywide (CFC ) presents its earnings on Oct. 26.

GERMAN BUSINESS CONDITIONS

Thurs. Oct. 25, 4 a.m. EDT

The Ifo Institute for Economic Research releases its October German business-conditions report. A rising euro and fallout from the U.S. credit-market turmoil are dampening business sentiment.

U.S. DURABLE GOODS

Thurs. Oct. 25, 8:30 a.m. EDT

Economists expect a modest 1.4% rebound in September orders, after a 4.9% drop in August.

SONY (SNE )

Thurs. Oct. 25, 4:20 a.m. EDT

The electronics maker lays out its second-quarter results. The company plans to offer a stripped-down version of its PlayStation and cut the price of its current game console in Japan.

MOTOROLA

Thurs. Oct. 25, 12 p.m. EDT

The phone maker reports third-quarter results. Investor Carl Icahn restated his belief that it should be split up.

BAKER HUGHES (BHI )

Fri. Oct. 25, 8:30 a.m. EDT

The oilfield-services company, whose shares have climbed over 30% this year, lays out its third-quarter results.

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