Thursday, June 16, 2005

Today's Headlines

Bloomberg:
- Fugitive terrorist leader Abu Musab al-Zarqawi’s “most trusted operations agent” in Iraq was captured without incident two days ago in the northern city of Mosul.
- US Treasuries rallied after a report from the Fed’s Philly branch showed the region’s manufacturing was weaker this month than most economists forecast.
- Eurex AG, the world’s largest futures exchange by transactions, plans a currency futures market in the US to rival the Chicago Mercantile Exchange, where $38 billion of the securities change hands each day.

Wall Street Journal:
- The European Union needs to tackle the biggest concern of voters who turned down the proposed European constitution -- the weak European economy – said Giorgio La Malfa, Italy’s minister of European affairs.
- US clothing companies are poised to accelerate acquisitions in order to strengthen their position in pricing negotiations with consolidating retailers.

NY Times:
- The UAW won’t agree to allow GM to pare back health-care benefits for hourly workers.
- The US Corporation for Public Broadcasting is being investigated for more than $29,000 in payments last year to lobbyists and consultants that weren’t disclosed to the corporation’s board.
- New York state lawyers are increasingly stealing from their clients, with a growing number of abuses from Long Island attorneys, citing statistics from the Lawyer’s Fund for Client Protection.

Lloyd’s List:
- The cost of leasing a container ship fell in the past week, the first decline since December 2003.

Financial Times:
- Former Iranian President Akbar Hashemi Rafsanjani, running again for president, is a pragmatist who could be a force for change in the Middle East.

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