Bloomberg:
- High-yield, high-risk debt may reward investors in 2006 with returns of 8%, or five times higher than this year, according to John Lonski, chief economist at Moody’s Investors Services.
- The US dollar is rising against the yen after Japan’s Finance Minister Tanigaki said mild deflation “still persists” in the world’s second-biggest economy and the central bank must cooperate with the government to end a seven-year bout of falling prices.
- Taser International said the Nasdaq Stock Market may stop trading its shares because the company has failed to file a quarterly report with the SEC.
- US Treasuries are rising on speculation the Fed may signal it is nearing the end of a series of interest-rate increases on signs inflation remains contained.
Wall Street Journal:
- Tribune’s Chicago Tribune and the Los Angeles Times newspapers may reduce the number of stocks and mutual-funds they list to cut costs.
- Louisiana’s levees may have sprung leaks in countless locations during Hurricane Katrina in addition to the three main breaches, citing engineers and a study by the National Science Foundation.
Chicago Tribune:
- DECT Corp., a Japanese investment group, plans to buy Chicago’s 181 West Madison tower for about $307 million.
SparkSpread:
- Lehman Brothers Holdings hired former Goldman Sachs Group and Amerada Hess oil trader in London as part of an effort to expand into European energy trading.
Detroit Free Press:
- GM CEO Wagoner said the automaker is selling more vehicles in other countries than in the US for the first time.
Business Week:
- Krispy Kreme Doughnuts is looking to build smaller 1,500- to 2,000-square-foot stores that are closer to the size of a traditional doughnut-chain shop, citing CEO Cooper.
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