Tuesday, December 13, 2005

Today's Headlines

- US Senate Majority Leader Bill Frist said Congress will likely extend tax cuts for dividends and capital gains before adjourning for the year.
- US Treasuries rose after the Fed raised its interest-rate target for the 13th straight time and indicated that it may be about done raising borrowing costs.

Wall Street Journal:
- US companies’ plans to hire workers look relatively robust, continuing a two-year trend, citing a quarterly survey that Manpower Inc. may release today.
- Mark Cuban, the owner of the Dallas Mavericks basketball team, is investing in Brondell, a San Francisco start-up company that wants to make heated toilet seats that use warm water to clean their users, citing Cuban.

NY Times:
- Nelson Peltz, who owns a 5.5% stake in Wendy’s International, plans to propose an overhaul of the third-largest fast-food company and may start a proxy fight.

Star-Ledger of Newark:
- A New Jersey state Senate committee yesterday passed stem-cell research legislation that would seek voter approval for $350 million in state funding.

Financial News:
- Blackstone Group LP has collected $12 billion for its latest buyout fund and plans to raise a further $1 billion before closing it next year.

Chronicle of Higher Education:
- Spending for online education at universities in the US may rise to as much as $10.4 billion in 2007 from an estimated $6.8 billion this year.

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