The economic calendar in the U.S. Wednesday includes the consumer price index for July at 8:30 a.m. EDT, the Empire State Manufacturing survey for August at 8:30 a.m., industrial production and capacity utilization for July at 9:15 a.m., and the National Association of Home Builders housing market index for August at 10 a.m.
U.S. stocks on Tuesday finished mixed as a stronger-than-expected rebound in retail sales in July failed to fuel substantial buying. The Dow Jones Industrial Average closed up nearly 3 points, or 0.02%, at 13,172. The S&P 500 dipped less than a point, finishing at 1404. The Nasdaq slipped more than 5 points, or 0.18%, to close at 3017.
Cisco ( CSCO) is expected to report fiscal fourth-quarter results after Wednesday's closing bell and analysts are calling for the networking equipment giant and Dow component to post earnings of 45 cents a share on revenue of $11.6 billion. TheStreet will be live-blogging Cisco's results Wednesday at 3:45 p.m. EDT.
Other companies reporting on Wednesday include Abercrombie & Fitch ( ANF), Agilent Technologies ( A), Applied Materials ( AMAT), Deere ( DE), Hot Topic ( HOTT), Limited Brands ( LTD), NetApp ( NTAP), Petsmart ( PETM), SINA Corp. ( SINA), Staples ( SPLS) and Target ( TGT).
Warren Buffett's Berkshire Hathaway ( BRK.A) revealed in a 13-F filing it sold a stake in Intel ( INTC), added to positions Wells Fargo ( WFC) and Bank of New York Mellon ( BNY) and sold off significant portions of positions in United Parcel Service ( UPS) and Visa ( V). Berkshire Hathaway also bought shares of Phillips 66 ( PSX) and National Oilwell Varco ( NOV) in the second quarter.
Standard Chartered shares were rising in London after it agreed Tuesday to pay $340 million to New York's Department of Financial Services to settle accusations the U.K. bank hid illegal transactions with Iran and violated U.S. sanctions law.
Private-equity firm Carlyle Group ( CG) is nearing an agreement to acquire Getty Images, the photo archive company, from Hellman & Friedman LLC and could announce a deal as early as Wednesday, Reuters reported, citing two people familiar with the matter.
New York Times ( NYT) named Mark Thompson as its next president and CEO. Thompson most recently served as director general of the British Broadcasting Corp.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.