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• Wall St gains ground, Nasdaq turns positive (Reuters)
• July new home sales tumble to record low (Reuters)
• BHP Billiton says won't buy Potash "at any cost" (Reuters)
• Toll Brothers posts quarterly profit on tax gains (Reuters)
• Sanofi won't go above $70/share for Genzyme: report (Reuters)
• SEC charges 2 with insider trading on BHP-Potash (AP)
• Instant View: Durables orders disappoint in July (Reuters)
• Summary Box: Heineken's first-half profit rises (AP)
• Summary Box: German government plans bank fee (AP)
• Mortgage applications rise 4.9 pct. on low rates (AP)
• Summary Box: Survey: Greek businesses struggling (AP)
• Famous Footwear parent Brown Shoe posts 2Q profit (AP)
• US new home sales plunge to lowest levels since 1963 (AFP)
• BP vice president testifies before federal panel (AP)
• Error may have cost NJ a $400 million education grant (AP)
• Toyota plans 5 million cumulative hybrid sales by 2015 (Reuters)

Wall St gains ground, Nasdaq turns positive (Reuters) Posted: 25 Aug 2010 08:31 AM PDT Reuters - U.S. stocks cut declines on Wednesday, with the Nasdaq turning positive as healthcare and technology shares gained ground.

July new home sales tumble to record low (Reuters) Posted: 25 Aug 2010 07:50 AM PDT Reuters - New U.S. single-family home sales slumped to the slowest pace on record in July and orders for costly durable goods were weak, according to government reports on Wednesday that heightened fears the economy was at risk of a new downturn.

BHP Billiton says won't buy Potash "at any cost" (Reuters) Posted: 25 Aug 2010 07:48 AM PDT Reuters - BHP Billiton, the world's biggest miner, tried to dampen expectations it would substantially raise its hostile $39 billion bid for Potash Corp as bumper results showed it has plenty of firepower.

Toll Brothers posts quarterly profit on tax gains (Reuters) Posted: 25 Aug 2010 08:24 AM PDT Reuters - U.S. luxury homebuilder Toll Brothers Inc beat Wall Street expectations and reported its first quarterly profit in three years on Wednesday, sending its shares and those of other homebuilders higher.

Sanofi won't go above $70/share for Genzyme: report (Reuters) Posted: 25 Aug 2010 09:02 AM PDT Reuters - Sanofi-Aventis is not willing to pay more than $70 per share for U.S. biotech Genzyme Corp and may look at alternative targets, Bloomberg reported on Wednesday, citing sources familiar with the matter.

SEC charges 2 with insider trading on BHP-Potash (AP) Posted: 24 Aug 2010 04:08 PM PDT AP - Federal regulators have charged two Spanish investors with trading on secret information about BHP Billiton PLC's bid to acquire Potash Corp.

Instant View: Durables orders disappoint in July (Reuters) Posted: 25 Aug 2010 06:01 AM PDT Reuters - New orders for U.S. durable goods fell short of expectations in July and, excluding transportation equipment, posted their largest decline in 1-1/2 years, pointing to a slowdown in manufacturing.

Summary Box: Heineken's first-half profit rises (AP) Posted: 25 Aug 2010 09:09 AM PDT AP - RESULTS: Heineken NV said its earnings rose 42 percent in the first half of the year thanks to one-time gains and cost-cutting efforts. The world's third-largest brewer said trading conditions were challenging in Europe and the U.S., but it saw strong volume growth in Africa and Asia.

Summary Box: German government plans bank fee (AP) Posted: 25 Aug 2010 08:23 AM PDT AP - THE FEE: Germany's new bank restructuring bill foresees requiring banks to contribute to a bailout fund that would be used to ward off future financial crises. Banks would have to pay annual fees based on their risk level. The fees are expected to total a combined euro1 billion ($1.27 billion).

Mortgage applications rise 4.9 pct. on low rates (AP) Posted: 25 Aug 2010 07:47 AM PDT AP - Mortgage applications rose 4.9 percent last week as more borrowers refinanced at the lowest rates in decades.

Summary Box: Survey: Greek businesses struggling (AP) Posted: 25 Aug 2010 08:03 AM PDT AP - OUTLOOK: Greek officials say the recession is milder than initially expected and the economy will shrink by less than the forecast 4 percent this year. But a separate survey shows eight in 10 businesses are struggling to stay afloat and 44 percent think they may have to shut their doors.

Famous Footwear parent Brown Shoe posts 2Q profit (AP) Posted: 25 Aug 2010 08:19 AM PDT AP - Brown Shoe Co. Inc. returned to a better-than-expected profit in its second quarter as revenue rose, particularly in its wholesale division, and the retailer relied on fewer promotions at its Famous Footwear chain.

US new home sales plunge to lowest levels since 1963 (AFP) Posted: 25 Aug 2010 08:14 AM PDT AFP - US new home sales unexpectedly plunged in July to the lowest level in about half a century, government data showed Wednesday, reflecting the sinking housing sector.

BP vice president testifies before federal panel (AP) Posted: 25 Aug 2010 08:17 AM PDT AP - A BP vice president says critical time was wasted in the hours after the Gulf of Mexico well explosion trying to learn what changes had been made to a device meant to prevent oil from leaking from the blown-out well.

Error may have cost NJ a $400 million education grant (AP) Posted: 25 Aug 2010 09:06 AM PDT AP - HADDONFIELD, N.J. — For anyone who's ever entered the wrong number on a tax return and been denied a refund, or accidentally overtipped, here's some consolation: A silly error on New Jersey's application for the highly competitive Race to the Top education grants might have cost the state $400 million.

Toyota plans 5 million cumulative hybrid sales by 2015 (Reuters) Posted: 24 Aug 2010 11:34 PM PDT Reuters - Toyota Motor Corp said on Wednesday it wants to reach cumulative sales of 5 million hybrid vehicles in the early part of this decade.

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