Bloomberg:
- Ford Motor(F) last week started offering an all-expenses-paid college education to laid-off workers at one truck plant, a plan it will soon extend to at least one other factory.
- ASML Holding NV(ASML), Europe’s largest maker of semiconductor equipment and a bellwether for the chip industry, said orders in the fourth quarter were are the highest in five quarters, indication a market rebound.
- Gold in NY fell 1.5%, the most in almost two weeks, as US consumer prices unexpectedly fell in December, eroding the precious metal’s appeal as a hedge against inflation.
- Burlington Coat Factory Warehouse, a discount retailer with three US chains, agreed to be purchased by Bain Capital Partners LLC for $2.06 billion after struggling to compete against rivals such as Syms Corp.
- The US and the EU rebuffed Iran’s proposal to resume talks on the Islamic republic’s nuclear program until it ceases the recent resumption of research.
- Energy prices reversed morning gains even as supply worries persist.
Wall Street Journal:
- Citigroup Inc.(C) plans to start its own electronic stock-trading network, in a move that may steal some market share from the NYSE and Nasdaq.
- Apple Computer’s(AAPL) newly revised iMac G5 has been converted to Intel Corp.(INTC) processors at no discernible loss in speed or function, even though Apple had to add a translator to allow most existing third-party software to function, Walter Mossberg wrote.
NY Times:
- Two subway trains on NYC Transit’s L line between Rockaway Parkway and Broadway Junction are now operating under computer control during early morning hours as part of a $228 million project.
USA Today:
- Methamphetamine use triggers the most US emergency room visits of any drug, citing a National Assoc. of Counties survey of 200 hospitals.
Reuters:
- US first lady Laura Bush pledged $163 million this year to help combat AIDS in Nigeria.
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