Today's Headlines

Bloomberg:
- The Dow Jones Industrial Average rose, briefly surpassing 12,000 for the first time in US history, after consumer prices fell by the most since November and oil declined.
- Crude oil is falling below $58/bbl. in NY after an Energy Dept. report showed a larger-than-expected jump in US oil inventories as refineries shut units for maintenance.
- Time Warner’s cable unit filed for an IPO that may value the business at more than $40 billion and give investors a stake in the second-largest US cable-tv provider for the first time.

Wall Street Journal:
- US real-estate industry executives believe commercial investments may have peaked, and they expect a slowdown next year, citing a new survey by PricewaterhouseCoopers and the Urban Land Institute. The poll indicates commercial real estate may return to more typical levels of profit from booming levels.
- Wal-Mart(WMT) will hold its annual analyst and investor meeting in New Jersey and Manhattan, outside its home state of Arkansas for the first time.
- Rap singer Jay-Z, sponsored by Coca-Cola, is among music industry figures using Internet music-sharing sites for promotion, as the entertainment business uses anti-piracy tools as an advertising vehicle.
- Barry Sternlicht, chairman and chief executive of closely held Starwood Capitol Group Global LLC, is developing a new brand of “green” luxury hotels.

NY Times:
- Sony Corp.(SNE), which will start selling its PlayStation 3 video-game console in less than a month, will market the product just as Microsoft(MSFT) publicizes its Xbox 360 console.
- Chinese carmakers, beset by lower quality than their competitors, staid designs and increasing labor costs could face years before sending a large number of vehicles to the US.
- Nielsen Media Research, which tracks how many people watch television shows, caused some advertisers to complain about its plan to rate commercials.
- The American-Arab Anti-Discrimination Committee filed a lawsuit against the Department of Homeland Security over concerns the government is profiling Arab-Americans and Muslims.

AP:
- An Attleboro, Massachusetts, elementary school has banned students from playing tag, touch football and any unsupervised chase games during recess. Willett Elementary School principal Gaylene Heppe told AP that accidents happen during recess. The school wants to keep children safe and avoid liability for injuries.

AFP:
- Former dictator Saddam Hussein’s genocide trial resumed in Baghdad today.
- A Jordanian court handed down jail terms of two to ten years to eight defendants with links to al-Qaeda after they were convicted of plotting attacks on Americans and Jews in Jordan.

London-based Times:
- The UK Treasury will review regulation of hedge funds after the Bank of England said that some are taking too many risks.

Globe and Mail:
- Manos Vourkoutiotis, head of the Canadian arm of Amaranth Advisors LLC, raised $702.6 million to start a new hedge fund. Moore Capital Management, a firm run by billionaire Louis Bacon, is backing the fund.

Financial Times Deutschland:
- The German government expects economic growth to slow to 1.4% next year from 2.3% this year.