Business Today: Stock futures buoyed by ADP jobs data

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Good Morning Aron, WED 04 Aug 2010    Stock futures buoyed by ADP jobs data Private sector adds 42,000 jobs in July Time Warner beats expectations on revenue rise Toyota lifts guidance but cautious for Q2 and beyond PulteGroup reports profit for second quarter AOL posts loss on Bebo charge, revenue drops Home loan purchase demand up 3rd straight week Sirius XM posts slim Q2 profit European banks see hazards as bad debts fall Chinese luxury wannabes try to shake off "Made in China" image Japan leads Asia share fall on yen Yen rise tests Japan's tolerance Static Kill begins Stock futures buoyed by ADP jobs data August 04, 2010 08:30 AM ET NEW YORK (Reuters) - S&P 500 index futures turned positive on Wednesday after data showed the private sector added slightly more jobs than expected in July. Full Article Private sector adds 42,000 jobs in July August 04, 2010 08:27 AM ET NEW YORK (Reuters) - Private employers added 42,000 jobs in July, compared to a revised gain of 19,000 in June, a report by a payrolls processor showed on Wednesday. Full Article Time Warner beats expectations on revenue rise August 04, 2010 08:13 AM ET NEW YORK (Reuters) - Time Warner Inc posted a better-than-expected quarterly profit on Wednesday on a revenue surge -- the highest growth rate in two years. Full Article Toyota lifts guidance but cautious for Q2 and beyond August 04, 2010 07:54 AM ET TOKYO (Reuters) - Toyota Motor Corp's biggest quarterly profit in two years and a hike in its annual forecasts failed to allay concerns about the strength in the yen, weak margins and a faltering U.S. market. Full Article PulteGroup reports profit for second quarter August 04, 2010 08:21 AM ET BOSTON (Reuters) - No. 2 U.S. homebuilder PulteGroup Inc swung to a profit in the second quarter, helped by tax benefits and lower land-related charges, as the nation's housing market pulls out of a prolonged slump. Full Article AOL posts loss on Bebo charge, revenue drops August 04, 2010 07:56 AM ET NEW YORK (Reuters) - AOL Inc on Wednesday posted a major quarterly loss in the second quarter due to a goodwill impairment charge related to its sale of social networking site Bebo and a precipitous drop in advertising revenue. Full Article Home loan purchase demand up 3rd straight week August 04, 2010 07:10 AM ET NEW YORK (Reuters) - The demand for mortgage applications to purchase homes rose last week for a third straight week as interest rates tumbled, the Mortgage Bankers Association said on Wednesday. Full Article Sirius XM posts slim Q2 profit August 04, 2010 07:40 AM ET NEW YORK (Reuters) - Sirius XM Radio on Wednesday posted better-than expected quarterly revenue, citing a sharp jump in subscribers to its pay-radio service and customers' desire for premium programing. Full Article European banks see hazards as bad debts fall August 04, 2010 07:58 AM ET LONDON/PARIS (Reuters) - Concerns about new banking regulations and a shaky economic recovery tempered optimism over improving results from more of Europe's top banks on Wednesday. Full Article Chinese luxury wannabes try to shake off "Made in China" image August 04, 2010 06:41 AM ET SHANGHAI (Reuters) - Billionaire investor Warren Buffett, often dubbed the Oracle of Omaha, has seen the future of fashion in the most unlikely of places, bearing a "Made in China" label better known for its cheap than chic. Full Article

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