NEW YORK (
) -- Here are 10 things you should know for Wednesday, Aug. 21:
-- U.S. stock futures were pointing to a lower open for Wall Street as traders await the minutes of the
July policy meeting that are to be published Wednesday afternoon.
European stocks were trading mixed and Asian shares ended Wednesday's trading session flat. Japan's Nikkei 225 index rose 0.2%.
in the U.S. Wednesday includes existing home sales for July at 10 a.m. EDT, and the release of the minutes of the July meeting of the Federal Open Market Committee at 2 p.m.
on Tuesday ended mixed but the
snapped a four-day losing streak as upbeat retail earnings reports provided investors with some relief from the constant Fed tapering chatter plaguing markets worldwide.
The S&P 500 rose 0.38% to 1,652.35. The
Dow Jones Industrial Average
declined 0.05% to 15,002.99. The
added 0.68% to finish at 3,613.59.
-- A judge on Tuesday approved former iconic photographic filmmaker
plan to reemerge from bankruptcy.
The company, known for a
, will reemerge as a commercial printing company.
"It will be enormously valuable for the Company to get out of Chapter 11, and begin to regain its position in the pantheon of American business," Judge Allan Gropper said in the court hearing in the U.S. Bankruptcy Court of the Southern District of New York.
to be feasible and even "likely to be successful."
on Wednesday announced Internet.org, a partnership with
and other large mobile technology companies.
Facebook, the social networking giant, said the goal of the partnership is to "make Internet access available to the two-thirds of the world who are not yet connected."
The partnership's plans include developing cheaper smartphones and using mobile data more efficiently.
, the PC and printer maker, is expected on Wednesday to post fiscal third-quarter earnings of 88 cents a share on revenue of $27.29 billion.
is forecast to post second-quarter earnings on Wednesday of 79 cents a share on revenue of $15.06 billion.
Rival home-improvement retailer
on Tuesday posted a 17% increase in second-quarter earnings and it raised its full-year earnings and revenue expectations.
also report earnings on Wednesday.
sent orders accidentally on Tuesday because of a technical error, causing a flood of
to hit U.S. equity options markets as they opened.
Options exchanges such as
Nasdaq OMX Group
said they were reviewing the trades, sent in roughly the first quarter hour of trading and affecting options on shares with listing symbols beginning with the letters H through L,
, the luxury homebuilder, said fiscal third-quarter earnings fell to $46.6 million, or 26 cents a share, from $61.6 million, or 36 cents share, a year earlier, but revenue jumped 24% as average selling prices rose 13% and orders increased 26%.
, the seven-month old video app owned by
, said Tuesday it has more than 40 million registered users, up from the 13 million users it had in June.
-- Written by Joseph Woelfel
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