Today's Headlines

Bloomberg:
- Heating oil futures fell to a 15-month low on above-average inventories and temperatures that are forecast to rise in the US Northeast.
- Crude oil is dropping a second day on forecast that warmer weather in the US will curb fuel demand in the biggest energy consumer and bolster above-average stockpiles.
-CB Richard Ellis Group, the world’s largest commercial real estate broker, agreed to buy rival Trammell Crow for $1.8 billion in cash to more than double its property management business.
- Air America Radio, the bankrupt liberal talk and news radio network, is negotiating with possible buyers of most of its assets, a company lawyer said.

Wall Street Journal:
- Burger King Holdings(BKC) plans to test cooking without trans fats in some restaurants in 90 days.
- DuPont, Syngenta and Monsanto are using selective breeding to make crops better at reproducing and tolerating cold, drought, and insects.
- Goldman Sachs(GS), Lehman Brothers Holdings and other investment banks are building up their capability to finance private-equity buyouts, taking business away from commercial banks.

NY Times:
- Archeus Capital, a hedge fund whose assets have fallen to $700 million from $3 billion a year, ago is closing shop. Gary K. Kilberg and Peter G. Hirsch, two former Salomon Brothers bond traders who started the fund, told investors in a letter yesterday the reason for the fund’s closure was that its administrator hadn’t accurately maintained records.
- China cut off oil exports to North Korea last month amid criticism of North Korea’s nuclear program, citing Chinese trade stats.

NY Post:
- Neiman Marcus Group(NMG/A) has acquired the 44% stake in Kate Spade owned by founders Kate and Andy Spade and two partners.

Reuters:
- Boeing Co.(BA) said it has gotten orders for 100 planes from mainland China so far in 2006.

Atlanta Journal Constitution:
- A Goldman Sachs(GS) team gained four competitors vying for the right to build and operate Georgia’s first private for-profit toll lanes.

Washington Post:
- Some Democrats fear they will be left divided by a rivalry between Representatives Steny Hoyer and John Murtha over who should be House majority leader if Democrats win the House in the mid-term elections.

Xinhua News Agency:
- The six-party talks on North Korea’s weapons program will resume “soon,” citing the Chinese Foreign Ministry.