Today's Headlines

Bloomberg:
- Investment in commodity funds has swollen to about $55 billion, from about $30 billion last year and $14 billion two years ago, said Brad Cole, founder of Chicago-based Cole Partners Asset Management, which invests in such funds. There are about 400 commodity hedge funds now, up from 203 in 2006 and 134 the prior year.
- Corn is falling for a fourth straight session on signs output from a US record crop will exceed demand and signals that speculators are unwinding bets on higher prices.
- Democratic Senator Charles Schumer said he would introduce legislation to raise taxes on executives at private-equity firms and a broad range of other partnerships.
- Former Fed Chairman Greenspan said the worst of the credit turmoil was over and that US growth should bottom early next year.

Wall Street Journal:
- Wal-Mart(WMT) Influence on Retail Industry Starts to Wane.
- Toyota Tries to Sell Priuses Where Tractors Are Sexy.

NY Times:
- Philip Morris(MO) and Reynolds American(RAI) have begun test marketing snus, a smokeless tobacco that is popular in Sweden.

NY Post:
- Spitzer Popularity Plunges in Quinnipiac Poll.

Financial Times:
- The IAEA is telling Iran that it must answer questions on its uranium enrichment program before the end of 2007 or face new sanctions.

Arab News:
- Saudi Arabia’s most senior Islamic cleric called on the kingdom’s young men to stop waging jihad in Iraq because it damages Islam, citing a speech by Grand Mufti Sheikh Abdul Aziz al-Asheikh.