Carnival will post 2Q net income of $405.7m ($380m last year) on revenue of $2.91bln ($2.66bln) on Tuesday. Last week, Citigroup announced the sale of 1.8m shares in Carnival for £45.4m. Separately, Carnival Splendor, the largest "Fun Ship" ever constructed, will start year-round 7day Mexican Riviera cruises in March 2009 and will therefore position the Co as cruise industry leader in Southern California.

In the US, Best Buy is seen reporting 1Q earnings on the same day. 1Q EPS is seen at $0.50 ($0.50 last year) on sales of $7.83bln ($6.95bln). Last week, the Co hired Omnicom Group's BBDO New York for $200m annually to handle the Co's account planning, advertising strategy and execution, and media and consumer connection planning. Earlier, in June, the group announced its plan to open smaller stores in Canada by the next year that could almost double the number of its locations in the country

On Wednesday, Hennes & Mauritz is scheduled to release 2Q net income of SK3.49bln (SK2.64bln last year) on revenue of SK20.21bln (SK17.06bln). At the beginning of May, the group considered to introduce more new business concepts (Nyhetsbyraan Direkt). The expansion plans for the Co's regular stores will not be affected by the introduction of COS and H&M Home, while the expansion in China and Japan will be concentrated on a few large cities for the foreseeable future.

Later, Morgan Stanley may publish 2Q EPS of $2 ($1.85 last year). Last week, the group agreed to invest appx.$60m in Bull Moose Energy to build power plants that will burn wood waste, tree trimmings and other biomass. In other news, Morgan Stanley sold 6.2m shares for £187.6m in Anglo American. Separately, it will have to pay $4.4m to settle a class action lawsuit claiming that it had misguided investors to buy precious metals.

Finally, on Thursday, FedEx will announce 4Q EPS of $1.98 ($1.82 last year) on sales of $9.21bln ($8.49bln). A week ago, FedEx and Adobe Systems announced their collaboration to extend the research of FedEx's Print Online application for the users of Adobe Reader and Adobe Acrobat software. In May, the Co raised quarterly dividend to $0.10 cents a share, following its plan started in 2004.