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Business

  • World Cup defeat hurts stocks
    Argentina and Germany face off in the World Cup final on Sunday and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of defeat.
  • Big Tobacco companies in merger talks
    Big Tobacco may soon get smaller. The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation’s oldest tobacco companies. A deal between Reynolds American Inc.
  • Jobs coming to Kosciusko
    Kosciusko County will be getting a boost to its employment base after a business requested a $22 million tax abatement this week for new equipment.
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Futures higher ahead of flood of data

NEW YORK (AP) — U.S. stock futures are moving higher ahead of a flood of economic indicators and corporate earnings, with the Standard & Poor's 500 index set to test record highs again.

Dow Jones industrial futures are up 15 points to 14,788. The broader S&P futures have added 2.5 points to 1,594.70. Nasdaq futures are up 3.25 points to 2,883.25.

The government is releasing data on construction spending, the Institute for Supply Management issues its U.S. manufacturing index for April, car makers are expected to release the best April sales numbers since 2007 and payroll services provider ADP posts its latest jobs report.

And the U.S. Federal Reserve wraps up its two-day policy meeting with a news conference.

Also moving markets Wednesday will be quarterly earnings from Merck, Visa, MasterCard, Facebook and CBS.

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