Bloomberg:
- JPMorgan(JPM), Lehman Brothers(LEH) and BNP Paribas SA say oil, wheat and metals traders are Wall Street’s hottest commodities.
- Metal and food prices will probably fall next year as supplies of the commodities increase, the IMF said.
- Apple Inc.(AAPL) will provide a development kit to let programmers create iPhone applications in February, in a bid to spur sales with new software such as games and a chat feature that the company doesn’t offer.
- The Fed said economic growth slowed since August in five of twelve regions, as consumer spending, manufacturing and service industries moderated.
- Democratic House Speaker Nancy Pelosi backed off her pledge to call a floor vote on a measure declaring the World War I-era killings of Armenians by Ottoman Turks an act of genocide after support for the resolution eroded.
- Crude oil rose to a record $89/bbl. in NY after Turkish lawmakers voted to allow the use of military force against Kurdish rebels in northern Iraq.
NY Observer:
- Murdoch’s Wall Street Journal Sets Sights on New York Times(NYT).
Reuters:
- President Bush’s job-approval rating sank to 24% this month, while Congress’s fell to 11%, according to a Reuters/Zogby poll release today.
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