BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Before the bell: Futures flat ahead of Fed announcement]]>http://www.bloggingstocks.com/2007/08/07/before-the-bell-futures-flat-ahead-of-fed-announcement/http://www.bloggingstocks.com/2007/08/07/before-the-bell-futures-flat-ahead-of-fed-announcement/http://www.bloggingstocks.com/2007/08/07/before-the-bell-futures-flat-ahead-of-fed-announcement/#commentsFiled under: , , , , ,

Following the Dow's steepest one-day climb in four years, stock futures were flat Tuesday ahead of the Federal Reserve's 2:15 p.m. decision on interest rates. The Fed is expected to maintain its benchmark federal funds rate at 5.25%.

Also Tuesday morning, the Labor Department will report on second-quarter productivity and costs; moderated labor costs and increased productivity are expected.

Companies reporting earnings today include Cisco Systems (NASDAQ: CSCO), TXU Corp. (NYSE: TXU), and Harrah's Entertainment (NYSE: HET). Cisco is expected to match earnings estimates of 35 cents a share.

Overseas, the Nikkei eked out a 0.04% rise to close at 16,921.77, while the FTSE 100 rallied following Wall Street's gains Monday.

Corporate news

Bear Stearns (NYSE: BSC) shares advanced overseas on a report from London that CEO Jimmy Cayne called other financial executives to assure them of BSC's fiscal health.

Reporting earnings following Monday's close, software maker BMC (NYSE: BMC) nearly doubled its first-quarter profits from last year and raised estimates for the year.

Also late Monday, Pfizer (NYSE: PFE) said it has enough drugs in development to meet its goal of tripling its portfolio of final-trial phase products by 2009.

Before the bell: Futures flat ahead of Fed announcement originally appeared on BloggingStocks on Tue, 07 Aug 2007 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bear StearnsBearStearnsbefore the bellBeforeTheBellBMCBSCCisco Systems earningsCiscoSystemsEarningsCSCOHarrah's EntertainmentHarrah'sEntertainmentHETPFEPfizerstocks to watchStocksToWatchTXU CorpTxuCorpTue, 07 Aug 2007 08:00:00 EST