DATA SNAP: US July New Home Sales Up 3.6%
========================================================== New Home Sales Jul Jun ! Consensus: ! Overall Sales: 372K 359Kr ! 360K ! Percentage Change: +3.6% -3.5%r ! Actual: ! Months' Supply: 4.6 4.8r ! 372K ! ========================================================== By Eric Morath and Jeffrey
U.S. DATA WEEK AHEAD: Durable Goods Orders Seen Up 3.0%
The following are forecasts for this week's remaining data from a survey compiled by Dow Jones Newswires on Friday and Monday.
New Home Sales Rise
Sales of new single-family homes rose 3.6% in July to an annualized rate of 372,000 units, but prices fell, giving mixed signals about the recovery.
OIL FUTURES: Nymex Crude Buoyed by Stimulus Hopes
Crude-oil futures inched higher Thursday on hopes that the Federal Reserve would implement further monetary easing, which could boost the economy and increase demand for oil in the U.S.
U.S. GAS: Futures Down Ahead of EIA Data; All Eyes On Isaac
Natural-gas futures prices were weaker early Thursday, awaiting widely watched U.S. inventory data set for release at 10:30 a.m. EDT.
Activist Fund Wants Ralcorp to Sell Itself
An activist hedge fund on Thursday called on Ralcorp Holdings Inc. (RAH) to sell itself or explore other strategic options, voicing displeasure over the private-label food maker's performance since rejecting a $5.2 billion buyout offer from ConAgra Foods Inc. (CAG) last year.
Report: Best Buy Resumes Talks With Schulze
Best Buy has reportedly restarted talks with founder and former chairman Richard Schulze over a possible takeover, but the deal remains largely up in the air.
Stocks Dip as Economic Worries Overshadow Easing Hopes
Wall Street fell solidly into the red on Thursday after data on the U.S. labor market came in weaker than expectations and other reports pointed to weakening in global manufacturing markets.
China Mobile to Buy 15% Stake in Software Developer Anhui USTC IFlytek
China Mobile Ltd. (CHL) said Thursday it would pay 1.36 billion yuan ($214.85 million) to buy a 15% stake in Shenzhen-listed Anhui USTC iFlytek Co. (002230.SZ), which makes software that converts text to speech.
Statoil Awards Schlumberger NOK2 Billion Deal in Norway
Norwegian oil and gas major Statoil ASA (STO) Thursday said that the company has awarded a four-year 2 billion Norwegian kroner ($342 million) deal for electric wireline logging services on the Norwegian continental shelf to Schlumberger Ltd. (SLB).