Monday, October 22, 2007

Today's Headlines

Bloomberg:
- Commodities fell the most in two weeks, led by copper, oil, gold and corn, on concern that slowing economic growth will hurt demand for raw materials.
- Hasbro Inc.(HAS), the world’s second-largest toymaker, said profit jumped 62%, exceeding analysts’ estimates, on sales of Transformers and Spider-Man movie action figures and a tax benefit.
- Royal Caribbean Cruises(RCL), the world’s second-largest cruise-ship operator, said third-quarter profit rose more than analysts estimated and boosted its earnings forecast on higher prices for Caribbean and European voyages.
- SanDisk Corp.(SND) rose as much as 5.7% after JPMorgan added the world’s largest maker of memory chips for digital cameras to its focus list, saying that its shares are undervalued.

Wall Street Journal:
- Nissan Races to Make Smaller, Cheaper Cars.
- Whether or not “Clinton fatigue” plays any role in complicating Hillary Clinton’s bid for the presidency, one things seems clear: Americans are suffering from Clinton book fatigue.

NY Times:
- Buyers Pounce on Deals as Homes Go on the Block.

USAToday.com:
- WellPoint doctors to get Zagat ratings.

Jornal de Negocios:
- European Central Bank governing council member Vitor Constancio said past oil-price movements are temporarily boosting inflation and this effect will wane by April.

Expert:
- The Russian economy’s “number one problem” is low productivity, said former Economy Minister German Gref.

No comments: