Wednesday, December 28, 2005

Today's Headlines

- Nissan Motor plans to unveil a concept car equipped with an Xbox 360 system from Microsoft that allows drivers to play video games.
- The move to online advertising is happening faster than analysts anticipated as companies devote more of their budgets to the Internet than traditional media.
- Crude oil, heating oil and gasoline rose after Iran’s deputy oil minister said OPEC should cut output next month to “keep prices stable.”
- Donald Trump’s casino company and partners today said they pan to spend $350 million to develop the TrumpStreet Casino and Entertainment Complex in Philadelphia.
- Celgene’s shares rose as much as 7.8% today after US regulators approved the company’s Revlimid capsule for a rare blood cancer.

Wall Street Journal:
- The US administration has applied sanctions against nine foreign companies for selling missile components and chemical weapons materials to Iran.
- The US government plans to spend $1 billion or more in the next ten years to construct high-security labs to study exotic and potentially lethal illnesses.

NY Times:
- More US food marketers are selling products that promise health benefits such as cholesterol reduction and improved digestion.
- Many US police departments, which are shot on staff, are seeking to boost recruitment by offering signing bonuses and other perks.

NY Post:
- New York Democratic Attorney General Eliot Spitzer should be impeached if it’s found that he personally threatened the former chairman of Goldman Sachs, John Whitehead, a Republican Assemblymen said.

- ShopperTrak CEO Bill Martin said unadjusted average weekly retail sales rose 7.4% in December from a year ago.

- A daily dose of Vitamin D may cut cancers of the breast, colon and ovary by as much as half, citing a review of research published in the American Journal of Public Health.

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