Today's Headlines

Bloomberg:
- Copper is jumping 5% to a seven-week high, leading a commodity rally, on speculation global demand for raw materials won’t slacken.
- GM, the world’s largest automaker, is keeping pace with Toyota Motor in developing vehicles powered by alternative-energy sources, CEO Rick Wagoner said.
- Renaissance Technologies and JPMorgan Chase, the world’s biggest hedge fund managers, trailed rivals in 2007 as stock-pickers with few assets sidestepped losses caused by the collapse of subprime mortgages.
- Scientists have begun competing for the first US government grants to investigate a stem cell breakthrough that may lead to new treatments for diabetes, heart disease and brain disorders and avoids destroying human embryos.
- Qualcomm Inc.(QCOM) CEO Paul Jacobs said demand for mobile phones was strong over the year-end holiday shopping season.

Wall Street Journal:
- Chrysler Aims to Double Overseas Sales.
- Cisco Technology Focuses on Social Networking Trend.
- Sony to Emphasize Innovation, High-Def Devices.
- Is Even-Higher Definition Next Big Thing for TVs?

NY Times:
- Comcast Plans to Offer a Huge Menu of Films.

Barron’s:
- Seagate(STX) Not Seeing Slowing In Europe Or Asia, CEO Watkins Says.

Washingtonpost.com:
- Qualcomm(QCOM) Unveils UltraMobile PC.

Morningstar.com:
- GM(GM) to Unveil Hydrogen-Elec Cadillac Crossover Concept Vehicle.

Handelszeitung:
- UBS AG CEO Marcel Rohner expects the crisis in the US credit market to stabilize. UBS has valued its investments “adequately” and has “substantially” reduced its risk, Rohner said.