By Mridhula Raghavan (Reuters) - Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent. Record-low interest rates and rising rents have encouraged more Americans to buy homes after the housing market bust, but concerns over rising costs for land, building materials and labor have dented builders' enthusiasm in the last few months. Toll missed Wall Street expectations last quarter as costs, including high lumber prices, hurt profits. ...

By Jessica Wohl (Reuters) - Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing. Target warned in April its first-quarter results would be weaker than anticipated, and its performance was even worse than revised Wall Street expectations. Target stock fell 2.7 percent to $69.30 in early trading. First-quarter sales at stores open at least a year fell 0.6 percent, while analysts targeted a 0. ...

By Richard Hubbard LONDON (Reuters) - The dollar hovered near a three-year high and German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank later in the day would not signal any change to its ultra-loose policy. U.S. stock futures pointed to a firmer open on Wall Street as well, where the Dow and the S&P 500 indexes currently stand at all-time highs. ...