Business Today: Stock futures fall as gloom builds

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Good Morning Aron, TUE 24 Aug 2010    Stock futures fall as gloom builds Yen hits 15-year high as Japan ponders move Burger King profit down as sales slip BHP profit jump could dampen rivals in Potash bid Foster's on track to untangle beer and wine Dell may up 3PAR bid: report KNOC sticks to $2.6 billion Dana bid Fed divided on Aug decision to buy Treasuries: report Big Lots EPS beats Street by a cent Chevron fights potentially historic damages case Tokyo's Nikkei falls below 9,000 Big deals on Wall Street The day ahead: Aug 24, 2010 Stock futures fall as gloom builds August 24, 2010 08:02 AM ET NEW YORK (Reuters) - Stock index futures fell on Tuesday, tracking global equities lower, as investors grew concerned over the pace of economic recovery and prepared for data expected to show further weakness in U.S. housing. Full Article Yen hits 15-year high as Japan ponders move August 24, 2010 08:06 AM ET LONDON (Reuters) - The yen struck a 15-year high against the dollar and a nine-year peak against the euro on Tuesday as investors and speculators tested the resolve of Japanese authorities to stem the yen's steady rise. Full Article Burger King profit down as sales slip August 24, 2010 08:31 AM ET NEW YORK (Reuters) - Burger King Holdings Inc reported a lower quarterly profit, hurt by declining restaurant sales worldwide and unfavorable foreign exchange rates, and the fast-food chain forecast its business would remain under pressure. Full Article BHP profit jump could dampen rivals in Potash bid August 24, 2010 08:13 AM ET MELBOURNE (Reuters) - BHP Billiton's monster earnings expected this week could strengthen its hand in its $39 billion bid for fertilizer group Potash Corp and intimidate any rival bidders. Full Article Foster's on track to untangle beer and wine August 24, 2010 05:40 AM ET MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, said on Tuesday the split of its beer and wine divisions was on track for next year, but was silent on growing takeover talk for its profitable $10 billion beer unit. Full Article Dell may up 3PAR bid: report August 24, 2010 07:46 AM ET NEW YORK (Reuters) - Dell Inc is preparing to sweeten its bid for 3PAR Inc after its earlier bid was topped by rival Hewlett-Packard Co's $1.6 billion bid for the data storage company, according to a report on Bloomberg's website. Full Article KNOC sticks to $2.6 billion Dana bid August 24, 2010 06:33 AM ET SEOUL (Reuters) - State-run Korea National Oil Corp ruled out raising its $2.6 billion hostile bid for Dana Petroleum after winning the backing of almost half the UK oil explorer's shareholders but needs more deals to reach its output goals. Full Article Fed divided on Aug decision to buy Treasuries: report August 23, 2010 11:17 PM ET NEW YORK (Reuters) - At least seven of the 17 top Federal Reserve officials at the U.S. central bank's August meeting had reservations about the decision to buy more Treasuries, the Wall Street Journal reported on Monday. Full Article Big Lots EPS beats Street by a cent August 24, 2010 06:39 AM ET BANGALORE (Reuters) - Big Lots Inc's second-quarter earnings marginally beat market expectations, helped by lower markdowns and a favorable merchandise mix, and the closeout retailer raised its forecast for 2010 earnings for the second time. Full Article Chevron fights potentially historic damages case August 23, 2010 07:15 PM ET LAGO AGRIO, Ecuador (Reuters) - A run-down court building that also houses the local casino in this Amazon jungle town is the unlikely venue for the largest environmental damages lawsuit ever tried. Full Article

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