Bloomberg:
- European Union leaders condemned Iranian President Mahmoud Ahmadinejad’s comment that Israel “must be wiped off the map,” adding to tensions over Iran’s nuclear program.
- Israel’s forces struck the Gaza Strip from the air and arrested Palestinian militants in the West Bank as Prime Minister Sharon ordered a military buildup in response to a bombing that killed five Israelis.
- Harriet Miers withdrew her nomination for the Supreme Court, saying “I am concerned that the confirmation process presents a burden for the White House and our staff that is not in the best interest of the country.”
- OPEC is scheduled to ship 2% more oil in the four weeks ending Nov. 12 than in the previous four weeks, consulting company Oil Movements said.
- Crude oil and heating oil are falling after an Energy Dept. report showed that US stockpiles of natural gas, a competing fuel, rose more than expected last week even though over 50% of Gulf of Mexico production remains shut-in.
Wall Street Journal:
- Altria Group is designing an inhaler to treat various ailments, including smoking-related lung disease.
- A group of investors that lost money when WorldCom collapsed has reached a $651 million litigation settlement, with most of the money to be paid by the company’s banks.
- Yahoo! and Microsoft’s instant-messaging services allow phone calls through the Internet, although some problems exist that can disrupt international connections.
NY Times:
- Mammograms have helped to reduce the number of deaths in the US caused by breast cancer, citing the National Cancer Institute.
- The United Nations oil-for-food program had the participation of 4,500 companies, of which more than half illegally gave money to Saddam Hussein to build weapons stockpiles, citing an investigation into the program. Hussein and companies from 60 countries benefited from the $64 billion UN program that was introduced to help feed the Iraqi people.
- Intel co-founder Andrew Grove donated $26 million to City College of NY, the school’s biggest cash gift.
NY Post:
- JPMorgan Chase is introducing a new credit card that will allow users to instantly pay for transactions by touching the card to a checkout scanner.
- Google said it’s considering ways to expand its advertising business to add buying and selling television ad time.
AP:
- Yahoo! said it will double the price of its music-service subscription starting Nov. 1.
INA:
- Iranian President Mahmoud Ahmadinejad called Israel’s withdrawal from Gaza a “trick” and said the Islamic world would “wipe Israel away.”
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