Today's Headlines

Bloomberg:
- Emerging-market stocks had their worst week in almost six months on falling commodity prices.
- Google Inc.(GOOG) invested in a Chinese company that helps users download online videos and software to take market share from local competitor Baidu.com(BIDU).
- Treasury benchmark 10-year notes fell by the most in two weeks after the US added more jobs in December than economists forecast and incomes increased by the largest amount in eight months.
- The US dollar surged to a six-week high against the euro after a government report showed US job growth unexpectedly quickened last month.
- CBS Corp.(CBS) and Walt Disney(DIS) will use next week’s Consumer Electronics Show to expand efforts to get more of their movies and television shows onto the Web and mobile devices.
- Best Buy(BBY) and Circuit City Stores(CC) reported December sales that exceeded analysts’ estimates during the holiday shopping season.
- China told banks to set aside more money reserves for the fourth time in seven months to prevent a rebound in lending and investment.
- Crude oil may fall further next week, extending its biggest decline since April 2005, as mild weather reduces heating-fuel demand in the world’s biggest economy.
- Copper is headed for its biggest weekly loss in more than a decade as expanding stockpiles added to speculation that supplies will outpace demand this year for the first time since 2003.
- The cost of transporting oil on supertankers may fall for a third consecutive year as crude shipments ease and new vessels are launched, prompting owners to sell ships as scrap metal or adapt them for other uses.

Wall Street Journal:
- World regulators and central banks are scrutinizing hedge funds, but regulatory proposals are unlikely to get far because approaches differ from country to country.
- Nick Maounis, founder of Amaranth Advisors LLC, the hedge fund that lose $6.4 billion in a few days last year, is seeking to start a new firm.
- Foreign hedge funds operating in the US, which portray themselves as tax shelters to non-US investors, may have to pay taxes because of their growing business in bank loans.
- Andrew Grossman, executive director of Wal-Mart Watch, plans to leave the organization this month to set up a political consulting firm.
- Microsoft’s(MSFT) Robbie Bach, president of the Entertainment and Devices division, is driving a strategic shift at the company toward “connected entertainment” and equipment linked to online services.
- Seagate Technology(STX) plans to sell external hard drives under the FreeAgent brand name to appeal to computer users who want to store digital photographs, movies and songs.

USA Today:
- US cities and counties are using laws that fine adults who supervise house parties where minors drink or possess alcohol by as much as $2,500 to crack down on underage drinking.

NY Times:
- A 30-second commercial on the telecast of this year’s Super Bowl will cost a record $2.6 million.

Jordan Times:
- Jordan has copper reserves of between $1.5 billion and $2 billion that can be mined because of higher metal prices, citing the president of the Jordan Geologists Assoc.

Xinhua News:
- Chinese President Hu Jintao urged Iran to “make a serious response” to a United Nations Security Council resolution on its nuclear program.