Bloomberg:
- US spending for health care may double to $4 trillion by 2015, propelled by an aging population using more drugs, hospital care and technology.
- Borrowing costs for European and US utilities are at their lowest this year, helping companies including E.ON AG that aim to pay for acquisitions using debt.
- The Fed gave investors evidence to back up bets for two more rate hikes in coming months.
- Bill Miller, holder of the longest streak of beating the S&P 500 Index in mutual fund history, is calling on Tyco Intl.(TYC) to buy back shares as its stock trades near a two-year low.
- US Treasuries rose after a government report on consumer prices tempered speculation that inflation is poised to accelerate.
- Fed Vice Chairman Roger Ferguson, the last governor who wasn’t placed on the board by President Bush, resigned less than a month after Ben Bernanke succeeded Alan Greenspan as chairman.
- Shares of Intel(INTC) fell below $20 for the first time in more than a year after ThinkEquity Partners LLC’s Eric Ross said the company may miss profit estimates.
- The FCC plans sanctions against television stations or affiliates for violating decency standards, signaling a renewed effort to crack down on the broadcasting of material unfit for children.
- Energy futures are falling on speculation that a government report tomorrow will show that US inventories rose for an eighth straight week, indicating that supplies are sufficient to meet demand.
Wall Street Journal:
- James Gorman, who formerly ran Merrill Lynch’s(MER) private-client operations, has been assigned to boost profit and lower costs at Morgan Stanley’s(MWD) individual-investor brokerage business.
- Sales of cheap Canadian drugs to US citizens have fallen by as much as 30%, after elderly and disabled people became eligible for drugs through Medicare, citing the Canadian International Pharmacy Agency.
- US conservation banks that allow developers to expand construction in exchange for setting aside land for endangered species are increasing nationwide.
- Internet name snatchers are building a growing business by grabbing Web addresses that have expired and reselling them at a profit.
Washington Post:
- The Bush administration said the press can be tried under espionage laws for gathering and publishing classified information that could hurt national security.
San Jose Mercury News:
- Google(GOOG) and Earthlink(ELNK) combined to submit one of six bids to provide wireless Internet service to San Francisco.
NY Times:
- The controversy over the cartoons of the Prophet Muhammad, typically defined as a struggle between Islam and the West, has an intra-Muslim side too. Eleven Muslim journalists in five countries are facing prosecution for reprinting some of the cartoons originally published in a Danish newspaper.
- The amount of mail sent by Iraqis has risen 46% since the American-led liberation in 2003, offering evidence of recovery.
- Electronic Arts(ERTS) plans to sell its video game based on the “Godfather” movies and book for $39.95, which is 20% less than it usually retails new games.
- Silvercup Studios in Queens, NY, home to such television shows as “The Sopranos,” plans to build a $1 billion complex featuring soundstages, commercial space and housing.
London-based Times:
- The SEC may approve a merger between the NYSE and Archipelago Holdings within two days.
Iran Daily:
- Iran’s oil exports fell 3.9% to 2.46 million barrels a day in 2005.
No comments:
Post a Comment