Bloomberg:
- President Bush said today he is “making good progress” toward deciding on changes to US plans in Iraq after meeting at his Texas ranch with top national-security officials.
- OAO Lukoil, Russia’s largest oil producer, and state oil and gas companies from China, South Korea and Malaysia will start exploring oil and natural gas fields in Uzbekistan’s sector of the Aral Sea in March.
- Downtown Chicago office building sales surged to a record $5 billion this year as vacancy rates fell and some investors found returns there as attractive as those in New York and Los Angles.
- US Treasury yields are rising to seven week highs, after industry reports on consumer confidence, existing home sales and manufacturing were stronger than economists expected.
- Meat and milk from cloned pigs, cows and goats may soon be cleared for sale in the US after regulators determined that eating genetically duplicated farm animals doesn’t post safety risks for consumers.
- Copper prices are falling again in NY as inventories continue to rise.
USA Today:
- The number of companies selling stock to the public for the first time, and the amount of money they’ve been able to raise, failed to keep pace with a record-setting DJIA this year.
NY Times:
- Some Wall Street analysts expect a decline in US sales of drug-coated coronary stents to end next year.
AP:
- UAL Corp.’s United Airlines has cut fare prices to capture business in the traditionally slow post holiday period.
MTI:
- Karpat Energo, a Hungarian power plant company, plans to build a $261 million bioethanol plant in northeastern Hungary.
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