The economic calendar in the U.S. Thursday includes weekly jobless claims at 8:30 a.m. EDT, and wholesale inventories at 10 a.m.
U.S. stocks on Wednesday traded sideways, pausing after a three-day rally. The Dow Jones Industrial Average closed up 7 points, or 0.1%, to 13,176. The S&P 500 traded sideways at 1402 and the Nasdaq closed down 5 points at 3,011.
News Corp. (NWSA - Get Report) posted a quarterly loss of $1.55 billion, or 64 cents a share, after the media giant recorded a $2.9 billion write-down on its publishing assets. Excluding the write-down, News Corp. earned 32 cents a share in the quarter, down from 35 cents a share a year earlier, but in-line with analysts' expectations. Revenue declined 7% to $8.37 billion; analysts were calling for revenue of $8.78 billion. News Corp. said in June that it planned to separate its struggling publishing business from its entertainment assets by next year.
Zynga (ZNGA - Get Report) Chief Operating Officer John Schappert, is resigning, effectively immediately, according to an 8-K filing from the San Francisco-based social gaming company
Nestle saw first-half profit rise 8.9%, but the Swiss food giant said Thursday the rest of the year could be challenging and it warned of a slowdown in the U.S.
Several private-equity firms that have been approached to join in a buyout of Best Buy (BBY - Get Report) are sitting on the fence, private-equity sources told Reuters, citing the lack of a tangible plan by the retailer's founder Richard Schulze.
Retailer Kohl's (KSS - Get Report) is expected by analysts Thursday to post quarterly earnings of 96 cents a share on revenue of $4.21 billion.
Wendy's (WEN - Get Report), the fast-food chain, is expected by analysts to earn 5 cents a share in its latest quarter on sales of $647.9 million.
London Olympics Medal Count: U.S. - 81 medals, 34 golds; China - 77 medals, 36 golds; Russia - 53 medals, 11 golds. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.