Today's Headlines

Bloomberg:
- Ian Wace, co-founder of the $17 billion hedge fund manager Marshall Wace LLP, expects an “absolute explosion” in share prices globally as company profits increase.
- Google Inc. shares rose to a record after Lehman Brothers(LEH) raised its price forecast to the highest on Wall Street and predicted the dominant Internet search engine operator will soon introduce its own mobile telephone.
- Crude oil is rising above $80/bbl. in NY as the dollar declined against the euro even as the IEA said the recent global credit turmoil will cut demand for the commodity.
- Fed policy makers left their Sept. 18 meeting without any specific plan for further interest-rate cuts because they were unsure how markets and economic growth would evolve, records of the gathering suggest.
- The Fed’s Poole said turmoil in financial markets is showing signs of easing, though continued weakness in housing and credit markets may hurt economic growth.

NY Times:
- In Some Schools, iPods Are Required Listening.

NY Post:
- TiVo and Rhapsody are joining forces to deliver digital music service directly to TiVo consumer’s televisions via the digital video recording company’s set-top box.

Financial Times:
- SABMiller Plc, the world’s third-largest brewer, and Molson Coors Brewing are in talks to create a joint company.

Ansa:
- The IMF cut its 2008 forecast for economic growth in the 13 countries sharing the euro to 2.1% from 2.5% previously.