Bloomberg:
- Worldwide trade in caviar from wild sturgeon has been banned by the Convention on International Trade in Endangered Species, pending better plans to manage dwindling stocks of sturgeon.
- Iraq’s President Talabani said he won’t object if the dominant Shiite Muslim political coalition again selects Ibrahim al-Jaafari as prime minister.
- Children are just as likely to be injured in an accident riding in a sport-utility vehicle as in a passenger car, a study found.
- US Treasuries are rising after an industry report showed manufacturing in December slowed more than forecast and increases in prices paid for raw materials were less widespread.
- Crude oil is surging above $63/bbl., a two-month high, after a pricing dispute between Russia and Ukraine disrupted shipments of natural gas to Europe.
Wall Street Journal:
- The US economy should expand for the fifth year in a row in 2006 as business thrives, even as a sluggish housing market slows the rate of growth, citing its own survey of 56 economists.
- Motorola(MOT) mobile-phone sales in India are way behind those of Nokia, even thought the Illinois-based company sells a handset for about $43, compared with Nokia’s $54.
- Wyeth(WYE), which makes the Prevnar meningitis medicine, and Trubion Pharmaceuticals agreed to develop and market jointly antibody-like drugs.
- Schulte Roth & Zabel LLP, a NY City law firm, built a clientele of hedge funds and has prospered as the funds have become the movers behind billion-dollar mergers and acquisitions.
- Microsoft(MSFT), Cisco Systems(CSCO) and Intel Corp.(INTC) are leading an effort to develop systems to enable Web-based sports, music videos and news to be shown over television sets.
- Yellow Roadway(YELL) plans to operate its own trucks in China, transporting goods made by US companies to the port of Shanghai, citing CEO Zollars.
- The number of securities fraud suits filed against US companies in 2005 fell 17%, citing a study by Stanford University and Cornerstone Research.
NY Times:
- A group of investment firms is close to agreeing to buy Affiliated Computer Services(ACS), the world’s largest processor of student-loan payments, for more than $8 billion.
- Liberty Media’s(L) Starz plans to offer a monthly subscription service that will enable movie downloads from the Internet and viewing on portable devices.
LA Times:
- Google(GOOG) has been in talks with retailers including Wal-Mart Stores over a plan to sell an inexpensive personal computer.
USA Today:
- The top US general in Iraq is optimistic the US will turn a substantial part of the country over to Iraqi control this year.
Financial Times:
- Emerging market funds received record inflows in 2005, citing Emerging Portfolio Fund Research.
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