Bloomberg:
- Crude oil in NY plunged the most in 20 months as mild US weather curbed demand and record speculation by investment funds continues to subside.
- Copper prices in NY plunged 7.7% to a seven-month low as rising global inventories cut record speculation by investment funds. Copper is now down 35% from May 06 highs.
- The US Dollar is rising the most since July against the euro and reached a two-month high versus the yen after a report showed manufacturing in the US expanded in December.
- Fed Reserve officials concluded that the risk inflation would fail to slow was “the predominant concern” last month while acknowledging that chances for slower economic growth increased.
- Home Depot(HD) ousted CEO Nardelli after investors criticized him for earning $225 million while the company’s stock fell during his six-year tenure.
- The northeastern US may start to see winter-like temperatures by the middle of January, countering a warmer-than-average December, forecasters said.
NY Times:
- Makers of air fresheners are focusing on teenagers as younger consumers are becoming big users of the product.
- Education is the single social factor researchers agree is consistently linked to a longer life.
AP:
- US military helicopters and the National Guard are delivering food to people stranded by blizzards in Colorado, Kansas, Nebraska, and Oklahoma.
Multichannel News:
- News Corp.(NWS) has reached a distribution commitment agreement for its planned business-news network with Time Warner(TWX) as part of a broader accord. Time Warner’s large subscriber base and strong presence in Manhattan is critical to the success of the proposed News Corp. channel against rivals including CNBC.
Washington Post:
- US shopping malls, which have become modern day town centers, starting this month will train their 20,000 security guards to fight terrorism.
Financial Times:
- Investments in clean and renewable energy rose 43% to $70 billion last year, citing research company New Energy Finanace.
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