- Asian shares were mostly lower Wednesday with Yen rising to a fresh 8-mt high vs USD.
- Federal Reserve Bank of NY is facing the prospect of foreclosing on a number of properties in the coming months.
- US auto sales up 5.1% in July.
- US Pending homes sales index fell 2.6% to 75.7 in June.
- ADM reported a profit jumps to $446M despite 5% decline in revs to $15.7B.
- Anadarko Petroleum's Q2 loss narrowed to $40M on 36% jump in revenues.
- Baker Hughes Inc.'s net rises 6.9%, helped by better demand and April buyout of BJ Srvcs.
- Barnes & Noble put itself on the block, as digital books erode its traditional business.
- BYD slashed its 2010 auto sales target by 25%, due to softening domestic demand.
- Coach reported a Q4 profit of $195.5M, up 34% helped by 22% rise in revs to $950.5M.
- Discovery Comm's Q2 profit falls 40% on charges related to its $3B debt refinancing.
- Electronic Arts swung to a profit of $96M in Q1 on a 27% surge in revenues.
- Emerson Electric is considering sale of its appliance and other motors divisions.
- GM's July sales rose 6.4% to 199,602 cars and light trucks. Ford's rose 3.3%.
- Marathon Oil's earnings jumped 72% helped by higher prices and margins.
- Marsh & McLennan swung to Q2 profit of $236M as revenue rose 5.5% to $2.61B.
- MasterCard's Q2 profit jumped 31%, beating analysts' expectations as revs rose 6.7%.
- MGM Resorts' Q2 loss widened to $883.5M on $1.12B in write-downs.
- Molson Coors Brewing Co.'s profit jumped 27% on earnings growth in the US.
- Och-Ziff's Q2 loss widened slightly to $89.4M, though adj results topped analysts' f'casts.
- Saudi Arabia ordered a ban on BlackBerry services starting Friday.
- SocGen's profit for June quarter rises from E309M last year to E1.08B this year.
- Tenet Healthcare swung to Q2 profit as revenue grew on higher margins, admission rates fell.
- Toyota's U.S. July sales fell 3.2% and Honda reported its sales fell 2%.
Economic Calendar: Data on ADP Employment, ISM Srvcs, Crude Inventories to be released.
Earnings Calendar: ABMD, AGYS, AMSF, AOL, ATML, AYE, CNP, CNW, DVN, EE, KGC, MUR,
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Data provided by Egan-Jones Ratings and Analytics