Thursday, August 2, 2012

Japanese electronics conglomerate Toshiba Corp ( 6502.T ) posted a better-than-expected rise in quar




PARIS (Reuters) Stock index futures pointed to slight gains at the open on Wall Street on Tuesday, with futures for the S P 500 up 0.17 percent, Dow Jones futures up 0.22 percent and Nasdaq 100 futures up 0.28 percent at 0820 GMT.
European shares halted a three-day rally and oil dipped on Tuesday as investors sensed that a recent sharp rally built on anticipation of bold stimulus measures from central banks in the United States and Europe may have been overdone.
U.S. and European equities have been boosted downtown los angeles office rental by mounting expectation that the European Central Bank will revive its bond buying downtown los angeles office rental program to help lower the borrowing costs of debt-stricken Spain and Italy, while the Federal Reserve has been under renewed pressure downtown los angeles office rental to support flagging growth. Both central downtown los angeles office rental banks hold policy meetings this week.
On the economic side, investors awaited U.S. personal income data, due at 1230 GMT, the S P/Case-Shiller home price index for May, due at 1300 GMT, and U.S. consumer confidence numbers for July, due at 1400 GMT.
Car rental company Hertz Global Holdings Inc ( HTZ.N ) posted a quarterly profit that beat market expectations as margins improved. downtown los angeles office rental Strong demand from business and leisure travelers is boosting business at U.S. hotels and airlines, in turn helping car rental companies.
The recent ouster of General Motors Co s ( GM.N ) global marketing chief is related to a hugely expensive sponsorship deal with England s Manchester United soccer club for which GM is paying twice as much as the team s previous automotive sponsor.
Japanese electronics conglomerate Toshiba Corp ( 6502.T ) posted a better-than-expected rise in quarterly operating profit on Tuesday, boosted by strong overseas earnings downtown los angeles office rental in its social infrastructure division despite sluggish chip sales.
Japan s Panasonic Corp ( 6752.T ) reaped a near sevenfold gain in quarterly profit after slashing costs, and its new boss looks set to use that extra cash for a new round of layoffs and business restructuring to revive the electronics giant.
Toyota Motor Corp ( 7203.T ) is set to raise its 2012 global sales forecast downtown los angeles office rental to 8.8 million vehicles from the 8.58 million it had announced downtown los angeles office rental in February as it sees solid auto sales in emerging downtown los angeles office rental economies, Yomiuri newspaper reported on Tuesday.
Anheuser-Busch InBev ( ABI.BR ), the world s largest brewer, fell short of second-quarter earnings expectations downtown los angeles office rental due to the expense of marketing new U.S. brands and higher transport costs there and in Brazil, but it forecast improvements in the second half.
The Dow Jones industrial average .DJI dipped 2.65 points, or 0.02 percent, to 13,073.01 at the close. The Standard Poor s 500 Index .SPX edged down just 0.67 of a point, or 0.05 percent, to 1,385.30. The Nasdaq Composite Index .IXIC fell 12.25 points, or 0.41 percent, to end at 2,945.84.

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