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U.S. Stocks Open Slightly Higher, Orders for Durable Goods Soar

Stocks are starting the trading day slightly higher. The S&P 500 is in record territory. Orders for durable goods soared in July, posting its biggest gain on record. The Commerce department reported orders jumped nearly 23 percent on strong aircraft demand. But U.S. home prices gained at a slow pace in June. The S&P/Case-Shiller Index rose 8.1 percent, disappointing expectations. Warren Buffett is helping to finance Burger King's (BKW) takeover of Tim Hortons (THI) according to The Wall Street Journal. Burger King confirmed plans to buy Tim Hortons for about $11 billion. The new combined company would be based in Canada. Amazon (AMZN) is buying streaming gaming network Twitch Interactive for $970 million dollars. This is the largest deal in Amazon's history. Best Buy (BBY) reported second quarter earnings before the bell beating estimates but sales fell more than expected. The CEO also said store traffic continues to decline.