Business Today: Stock futures lower ahead of durables orders, home sales

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Good Morning Aron, WED 25 Aug 2010    Stock futures lower ahead of durables orders, home sales Durable goods orders rise modestly in July BHP Billiton says won't buy Potash "at any cost" Toll Brothers reports profit on tax gains U.S. millionaire index turns sharply bearish Global outlook casts shadow over Fed mountain retreat Japan keeps intervention option open to curb yen Ireland stung by S&P credit rating cut Fed unlikely to lower rate it pays on bank reserves Special report: World's workshop heads to inland China Yen eases on possible intervention Nikkei hits 16-month low Obama gets failing grade on economy Stock futures lower ahead of durables orders, home sales August 25, 2010 08:05 AM ET NEW YORK (Reuters) - Stock index futures fell on Wednesday as weakness in equities markets overseas kept traders cautious ahead of upcoming U.S. data on durable goods orders and home sales. Full Article Durable goods orders rise modestly in July August 25, 2010 08:36 AM ET WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods rose far less than expected in July and, excluding transportation equipment, posted their largest decline in 1-1/2 years, according to a government report on Wednesday that pointed to a slowdown in manufacturing. Full Article BHP Billiton says won't buy Potash "at any cost" August 25, 2010 08:21 AM ET MELBOURNE/LONDON (Reuters) - BHP Billiton, the world's biggest miner, tried to dampen expectations it would substantially raise its hostile $39 billion bid for Potash Corp as bumper results showed it has plenty of firepower. Full Article Toll Brothers reports profit on tax gains August 25, 2010 08:10 AM ET NEW YORK (Reuters) - U.S. luxury homebuilder Toll Brothers Inc bested Wall Street expectations and reported its first profit in three years on Wednesday, helped by tax benefits and lower writedowns on land values. Full Article U.S. millionaire index turns sharply bearish August 25, 2010 08:14 AM ET NEW YORK (Reuters) - The Spectrem millionaire investor confidence index fell to its lowest level in more than a year in August as wealthy U.S. investors worried about politics and unemployment, according to Spectrem Group. Full Article Global outlook casts shadow over Fed mountain retreat August 25, 2010 12:02 AM ET WASHINGTON (Reuters) - Central bankers from around the world will assess a darkening economic outlook at their annual U.S. mountain retreat this week with discussion of printing yet more money to spur growth on the agenda. Full Article Japan keeps intervention option open to curb yen August 25, 2010 07:52 AM ET TOKYO (Reuters) - Japan is not ruling out market intervention to curb the yen's rise, government sources said on Wednesday, sending the strongest signal yet that the currency's march toward all-time highs may spur Tokyo into action. Full Article Ireland stung by S&P credit rating cut August 25, 2010 06:18 AM ET DUBLIN (Reuters) - Ireland's government faced mounting pressure on Wednesday to put a final price on bailing out its banks after a credit rating cut from Standard & Poor's pushed its borrowing costs higher. Full Article Fed unlikely to lower rate it pays on bank reserves August 25, 2010 08:01 AM ET WASHINGTON (Reuters) - Federal Reserve officials like to say they have plenty of tools left in their policy arsenal to deal with a weakening economy. Full Article Special report: World's workshop heads to inland China August 25, 2010 04:22 AM ET ZHENGZHOU, China (Reuters) - In a vast muddy cornfield scarred with the tracks of heavy vehicles, two young engineers pore over a construction blueprint showing a grid of 100 rectangular factory blocks. Full Article

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