Today's Headlines

Bloomberg:
- Natural gas is falling another 5% on record inventories and mild weather.
- Billionaire Kirk Kerkorian, stepping up pressure on General Motors(GM) CEO Wagoner to consider an alliance, said his Tracinda Corp. may buy 12 million more shares.
- Billionaire investor Carl Icahn, seeking to oust half the board and take control of ImClone Systems, said he wants a new chief executive with biotech experience who can lead a more aggressive push to sell the cancer treatment Erbitux.
- Intel Corp.(INTC) shares are heading for their biggest weekly gain in three years after the company introduced new semiconductors designed to win back market shares from Advanced Micro Devices(AMD).
- Talks in Berlin between Iranian and European Union officials aimed at breaking the deadlock over Iran’s atomic program produced some progress.

Wall Street Journal:
- Steel inventories are growing in the US, partly due to a slowdown in auto manufacturing, and the trend is spawning worries of an oversupply and lower prices. Service centers, which purchase steel for resale to manufacturers, say that supplies in August were 3.1 months’ worth, up from 2.7 months from the same time a year ago. Steel imports so far this year are 40% higher and poised to beat the 98 record.
- Major League Soccer will allow advertising on the front of players’ jerseys next year.

NY Times:
- Rural US states are lagging more populous states in high-speed Internet service as companies focus on larger cities to more easily recoup their investments.
- Several prominent scientists have founded a group to work toward electing politicians “who respect evidence and understand the importance of using scientific advice in making public policy.” Members of Scientists and Engineers for America said that while the organization would be non-partisan, the Bush administration’s policies on climate change and stem cell research motivated them to act. Organizers include John Gibbons and Neal Lane, both science advisers during the Clinton administration.

USA Today:
- US officials are concerned about ensuring that the votes of about 3.7 million Americans living abroad and more than 400,000 military personal stationed overseas will be counted.

Scotsman:
- The maker of video game “Grand Theft Auto: Vice City”, Take-Two Interactive(TTWO) is being sued for $600 million by the family of three people killed by a teenage related in 2004. The action alleges the killer, who was 14, played the game “obsessively” for several months before he shot his father, stepmother and stepsister at a New Mexico ranch.

Globe and Mail:
- Statoil ASA, Norway’s largest oil and gas producer, is seeking to buy an oil sands development in Alberta for more than $900 million to add to production.