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Tuesday, August 26, 2014

Business Today: Aircraft demand spurs record U.S. durable goods orders gain

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08/26/2014
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Aircraft demand spurs record U.S. durable goods orders gain
WASHINGTON, Aug 26 (Reuters) - Orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July on strong international demand for aircraft, but the underlying trend remained consistent with a steady pace of domestic economic growth.
Burger King to buy Canada's Tim Hortons
(Reuters) - Burger King Worldwide Inc BKW.N plans to buy Canadian coffee and doughnut chain Tim Hortons Inc THI.N THI.TO, the companies said on Tuesday, in a cash and stock deal to create the world's third-largest fast food restaurant group, with sales of about $23 billion.
Futures point to flat Wall St. open; S&P 500 near record
NEW YORK (Reuters) - U.S. stock index futures pointed to very slight gains at the open on Tuesday, with investors finding few reasons to buy after a rally in the previous session that took the S&P 500 index above 2,000 for the first time.
Best Buy revenue misses estimates as customers shift online
(Reuters) - Best Buy Co Inc , the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop online.
Chinese antitrust regulator targets Microsoft's web browser, media player
BEIJING (Reuters) - Microsoft Corp's internet browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in the West.
BOJ to stay bullish on prices even as it cuts Japan GDP estimate: sources
TOKYO (Reuters) - The Bank of Japan is likely to keep its bullish inflation outlook even as it cuts its economic growth forecast for this fiscal year in an October report, sources said, suggesting that the bank will not ease policy further at least until the end of 2014.
Russian food safety regulator shuts fifth McDonald's restaurant
MOSCOW (Reuters) - Russia's food safety watchdog has ordered the temporary closure of one of McDonald's restaurants in Yekaterinburg in the Urals region, the fifth such closure in recent weeks, the fast food chain said on Tuesday.
Japan government turns more cautious on weak factory output
TOKYO (Reuters) - Japan's government turned slightly more cautious about factory output and flagged a risk that April's sales-tax hike could have prolonged effects, a sign that the world's third-biggest economy is struggling with the higher tax and further stimulus might be warranted.
Rising North American plane demand boosts leasing market: BOC Aviation
SINGAPORE (Reuters) - A pick-up in North America's aviation market is providing a boost for the leasing industry as demand from Southeast Asian airlines starts to slow, according to the head of BOC Aviation, Asia's second-biggest aircraft lessor.
Euro, bond yields dip as looser ECB policy eyed
LONDON (Reuters) - The euro hit its lowest level against the dollar in nearly a year and euro zone government bond yields fell to record lows on Tuesday on expectations the European Central Bank might ease monetary policy as soon as next week.
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Aircraft demand spurs record U.S. durable goods orders gain
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