Monday, February 13, 2006

Today's Headlines

Bloomberg:
- VeriSign(VRSN) plans to offer a system of pocket-sized security devices that can be used in tandem with passwords when accessing the Internet to reduce identity theft.
- Crude oil is falling again to a six-week low on speculation that heating-fuel supplies are sufficient to meet demand after a storm dropped record snowfall on NY.

Wall Street Journal:
- Microsoft(MSFT) will announce today equipment and offers from cellphone providers to make it easier to receive mobile e-mails, citing Pieter Knook, the senior vp of the company’s mobile-devices division.
- JPMorgan Chase(JPM) agreed to buy the administrative and processing operations of Paloma Partners Management, a Connecticut-based hedge fund.
- Hewlett-Packard(HPQ) will separate its hand-held-equipment business from its notebook-computer operations, as the company seeks to expand on the growth of “smart” phones.
- Investors argue that shares of AMR Corp.(AMR), American Airlines’ parent company, may continue to rise because American is dominant in a very important US industry.
- A Chinese expatriate in the US and other political activists are helping mainland Chinese to circumvent government barriers to accessing certain Internet sites.
- US pornographic Web sites are fighting federal government rules requiring proof of age of performers in sexually explicit photos and videos, regulations the owners say may wipe out their businesses.
- Whirlpool Corp.(WHR) may face a federal antitrust lawsuit over its acquisition of Maytag(MYG), aimed at preventing the two companies from dominating the US home appliance market.
- US teenagers ranked commercials for Anheuser-Busch’s(AB) Bud Light beer the most popular among ads shown during the Super Bowl this year, citing a poll by Adbowl.
- Starwood Hotels(HOT) wants to add products and services to its hotel brands through partnerships with Time Warner(TWX), Sprint Nextel(S), Limited Brands(LTD) and Yahoo!(YHOO).

USA Today:
- Iran’s President Mahmoud Ahmadinejad said his country can endure any penalties the UN might impose next month because of its nuclear program

NY Times:
- Nielsen Media Research has started collecting data on how many people watch television programs recorded on digital video recording devices, to provide broadcasters with better viewer information.

Xinhua News Agency:
- China’s imports of crude oil fell more than 20% in January from a year earlier, citing customs data.

Financial News:
- Old Lane Management, an investment company founded by former Morgan Stanley executives, aims to raise $4 billion for a hedge fund.

custeel.com:
- China’s January exports of finished steel products rose 22% from a year earlier due to higher prices in overseas markets.

AFP:
- Iran will resume industrial-scale uranium enrichment before the next meeting of the UNs’ nuclear watchdog on March 6.

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