Thursday, March 09, 2006

Today's Headlines

Bloomberg:
- A newspaper editor in Yemen who republished Danish cartoons depicting Islam’s founding prophet Muhammad said Yemeni prosecutors are calling for his execution.
- Microsoft(MSFT) unveiled a compact laptop computer to tap demand for machines that are smaller, lighter and mobile.
- Intuit(INTU) raised its fiscal third-quarter forecasts on higher-than-expected orders for its online TurboTax products.
- Measles deaths fell by almost 50% globally over five years after children were targeted for vaccination in 45 countries, world health officials said.
- Dubai-owned DP World, facing congressional opposition to its operation of six US ports, will “transfer” its ownership of those terminals to a US entity.
- Bill Miller, the Legg Mason fund manager who’s beaten the S&P 500 for 15 straight years, loaded up on US homebuilder stocks as other investors were dumping them.
- Gasoline futures are rising more than 4% a report showing a greater-than-expected decrease in US refinery output signaled reduced supplies.

Wall Street Journal:
- Many US real estate investment trusts, or REITS, are disappearing form the stock market because they say they are better appreciated by private investors and securities analysts consistently undervalue their companies.
- Liberty Media(L) is in talks to swap part of its 4% stake in Time Warner(TWX) for operating assets, Liberty’s CEO said.
- The EPA, the auto industry and environmental groups agreed to start a national program to collect mercury switches from scrapped cars as they seek to reduce harmful mercury emissions.
- Apple Computer’s(AAPL) new Mac Mini computer allows users to stream music and videos from any networked computer to their home entertainment center.
- Foreign companies manage most terminals at US ports, a consequence of the hold global shipping lines have over the loading and unloading of cargoes.
- Las Vegas Sands(LVS) has seen its shares soar 87% since October, mainly because it has a casino in Macau, on China’s southern coast, but it will soon face tougher competition.

USA Today:
- Knight Ridder(KRI) is expected to receive bids from McClatchy Co. and a partnership of Gannett Co.(GCI) and Medianews Group.

NY Times:
- The Chinese Communist Party is running a Maoist-style campaign in a bid to improve its reputation among China’s people.

Mysteel.com:
- China’s February exports of steel products rose 25% to 1.86 million metric tons from a year earlier.

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