Business Today: Stock futures advance with Fed statement on tap

		Click to View in Browser 08/1/2012 Stock futures advance with Fed statement on tap NEW YORK (Reuters) - Stock index futures advanced on Wednesday after two straight sessions of declines and ahead of the Federal Reserve's statement on the economy and a possible new round of stimulus. Fed to signal more easing but stop short of big steps WASHINGTON (Reuters) - The Federal Reserve is likely to show on Wednesday that it is ready to act against a weakening economy but stop short of aggressive measures for now. Private sector adds 163,000 jobs in July: ADP NEW YORK (Reuters) - The pace of job creation by private employers slowed modestly in July to 163,000 new jobs, though the gain still topped economists' expectations, a report by a payrolls processor showed on Wednesday. Chrysler reports 13 percent jump in July auto sales (Reuters) - Chrysler Group LLC posted a 13-percent rise in vehicle sales for last month, a performance that represented the smallest U.S. automaker's best July in five years but fell short of some analyst estimates. U.S. raises pressure for euro zone crisis action FRANKFURT/BERLIN (Reuters) - The United States raised pressure on euro zone leaders to take decisive action to solve the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European Central Bank meeting. Lenovo executive dismisses Nokia bid talk as "joke" HELSINKI (Reuters) - Chinese personal computer maker Lenovo on Wednesday quashed market speculation it was interested in buying struggling Finnish cellphone maker Nokia. MasterCard revenue misses as consumers rein in spending (Reuters) - MasterCard Inc's quarterly revenue missed Wall Street estimates as worldwide purchase volume growth slowed to its lowest level in five quarters, sending the credit and debit card network's shares down 3 percent before the bell. Apple, Samsung launch salvos as smartphone trial heats up SAN JOSE, California (Reuters) - Samsung Electronics Co Ltd told jurors that its products are not copycats of Apple Inc's iPhone but rather an example of legitimate American-style competition from the South Korean company. Asian factories sputter as Europe sinks: PMIs LONDON/BEIJING (Reuters) - Euro zone manufacturing took another turn for the worse last month as output plummeted, hammering home the scale of the region's economic crisis which also depressed export orders from factories in China and India. Rising home prices show traction in housing recovery NEW YORK/WASHINGTON (Reuters) - Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction, even as the broader economy wobbles. Related Video PayNet releases June's small business lending data Market Pulse: Germany and ECB, remember Weber and Stark? Economic News Private sector adds 163,000 jobs in July: ADP Fed to signal more easing but stop short of big steps 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