Bloomberg:
- Mortgage applications in the
- Treasury’s Steel Says Bush’s Housing Relief Plan May ‘Evolve.’
- Oil is rising above $93/bbl. on speculation a decision by central banks to provide cash to financial institutions will spur economic growth.
- Copper is falling the most in a week on worries over rising global stockpiles.
- Microchip Tech(MCHP), the maker of semiconductors for toasters and garage-door openers, rose the most in almost eight months in Nasdaq Stock Market trading after announcing plans to buy back up to 14.3 million shares.
- 3M Co.(MMM), the maker of 50,000 products from Post-it Notes to electronic road signs, forecast 2008 profit of $5.44 to $5.47 a share, above analysts’ estimates.
Wall Street Journal:
- In the latest sign of growing appetite for environment-related investment tools, New York Mercantile Exchange parent Nymex Holdings and a group of Wall Street trading houses plan to launch an exchange for trading carbon emissions and other environmental products.
- Several House Judiciary Committee members have agreed on a piece of housing legislation that would give bankruptcy-court judges more flexibility to alter the terms of certain mortgages.
- Fed Sifts Options As Rate Cut Fails to Cheer Market.
NY Times:
- The SEC plans to delay for another year the requirement that small companies report on the state of their internal financial controls, the agency’s chairman, Christopher Cox, is expected to tell lawmakers on Wednesday.
- Ten months ago, Senator Hillary Rodham Clinton went to East High School here on her first trip to Iowa as a presidential candidate and laid out a case for her candidacy to a cheering crowd in a packed gym. Mrs. Clinton returned to East High late last week. But the crowd was much smaller and more sedate.
- Teachers’ qualifications improve in the past decade.
Finanz und Wirtschaft:
- UBS AG Chairman Marcel Ospel said “the worst is behind” for the Swiss bank.
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