Business Today: Stock futures imply lower open on Fed concerns

		Click to View in Browser 08/7/2013 Stock futures imply lower open on Fed concerns NEW YORK (Reuters) - Stock indexes were set for a lower opening on Wednesday as concerns grew over the timing of the end of the Federal Reserve's stimulus policy. Time Warner's profit rises on films, advertising (Reuters) - Time Warner Inc reported a higher second-quarter profit on Wednesday, as hit movies "The Great Gatsby" and "Man of Steel" boosted revenue in the film unit and basketball games drove up cable TV advertising by 11 percent. Glencore, JPMorgan sued over warehouse aluminum prices SINGAPORE (Reuters) - Glencore Xstrata and JPMorgan Chase & Co face a U.S. lawsuit alleging they artificially inflated aluminum prices, the second legal challenge related to metal warehousing in a week. Carlyle swings to second-quarter profit as fund values rise (Reuters) - Private equity firm Carlyle Group LP said on Wednesday it returned to profitability in the second quarter versus a year ago, but less strongly than expected, as its funds appreciated in value. Freddie Mac posts second-quarter profit on housing recovery WASHINGTON (Reuters) - Freddie Mac , the U.S.-owned mortgage finance company, on Wednesday posted a $5.0 billion second-quarter profit, the second-largest in the company's history. Duke Energy profit misses Street on weak commercial sales (Reuters) - Duke Energy Corp , the largest power provider in the United States, posted a lower-than-expected quarterly profit on Wednesday due in part to weak commercial sales. China fines milk powder makers $110 million for price fixing SHANGHAI/BEIJING (Reuters) - China fined six companies, including Mead Johnson Nutrition Co, Danone and New Zealand dairy giant Fonterra, a total of $110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers. China policy mantra signals privatization, securitization: official SHANGHAI (Reuters) - Ever since Chinese Premier Li Keqiang used the cryptic phrase "revitalize the stock" in an official policy statement in June, market watchers have pondered what policies it entails. Wal-Mart weighs bid for Li's Hong Kong supermarket chain: sources HONG KONG (Reuters) - Wal-Mart Stores Inc is considering making a bid for the Hong Kong supermarket business being sold by a company controlled by Asia's richest man Li Ka-shing, people familiar with the matter told Reuters. Amazon's Bezos pays hefty price for Washington Post (Reuters) - Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States. Related Video Market Pulse: Carney guidance - more holes than Swiss cheese Austerity feeds food fraud and fakes Economic News U.S. mortgage applications rise, but so do rates: MBA Obama touts mortgage finance plan, highlights private sector role A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend