Wednesday, February 20, 2008

Today's Headlines

Bloomberg:
- Credit Suisse’s Parker Says Subprime Writedowns Ending: Video.
- Federal Reserve officials judged that low interest rates “were appropriate for a time,” as they enacted the fastest easing of monetary policy in two decades last month.
- Fewer elderly Americans have memory loss or other symptoms of dementia today than their counterparts did a decade ago, a nationwide survey found.

- Advanced Micro(AMD) rose the most in almost three weeks in NY after American Technology Research said a merger with rival Nvidia Corp.(NVDA) would benefit both companies.
- The US Supreme Court put new limits on lawsuits against Medtronic(MDT) and other medical-device makers, saying patients generally can’t sue over products cleared for sale under the most intensive federal review process.
- MBIA’s(MBI) Brown Sees Decision This Week to Retain AAA Rating.

Wall Street Journal:
- Exile Group Claims Iran Is Developing Nuclear Warheads.

NY Times:
- Mexico Attracts Gold Prospectors as Prices Soar.
- Muscular Dystrophy Research Seeks to Ease Illness.
- Cinemark Holdings Inc.(CNK), Regal Entertainment Group(RGC) and National Amusements Inc. are spending millions to renovate and build more elaborate movie theaters to fight declining attendance.

MIT Technology Review:
- 10 Emerging Technologies 2008.

Conference Board:
- Recession Unlikely, Housing Sector Correction Nearly Over.

LA Times:
- US Farmers Want Trade with Post-Castro Cuba.

The American:
- US Markets Hurt by Regulation, Wallison Says.

Detroit Free Press:
- Ford Motor(F) is preparing to once again give bonuses to its executives, salaried workers and hourly employees.

San Francisco Chronicle:
- Stanford University will cease charging tuition to students whose families earn less than $100,000 a year, citing university Provost John Etchemendy.

Market News Intl.:
- The European Central Bank is not “ready to lower interest rates” yet, citing unidentified officials.

The Peninsula:
- Iraq announced that it will buy 40 new aircraft from US manufacturer Boeing(BA) plus another six from Canadian firm Bombadier to revitalize an ailing fleet depleted by UN sanctions.

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