Monday, December 31, 2007

Today's Headlines

- Nasdaq Stock Market(NDAQ) obtained clearance from the Committee on Foreign Investment in the US for Borse Dubai to take a stake in the company, paving the way for its acquisition of OMX AB.
- Pakistan’s Election Commission will announce tomorrow whether the Jan. 8 parliamentary vote should be delayed in response to rioting that erupted after last week’s assassination of main opposition leader Benazir Bhutto.
- Copper is falling 1.0% today, heading for the smallest annual gain since 2001.
- Europe’s Dow Jones Stoxx 600 Index posted its first annual decline since 2002, as benchmarks in the UK and France dropped on the last day of trading in 2007.
- Borrowing costs for Citigroup, AT&T and hundreds of US investment-grade corporate bond issuers may fall next year as they refinance about $557 billion of bonds, according to data compiled by Bank of America.

- Delta Petroleum(DPTR), the US oil and gas producer that has posted five straight quarterly losses, said billionaire Kirk Kerkorian’s Tracinda Corp. will buy 35% of the company for $684 million.

Wall Street Journal:
- A veteran space scientist turned entrepreneur is making a big bet that a new generation of small, low-cost satellites can revolutionize the collection of weather and environmental data used to track storms and monitor climate shifts.
- Celanese Corp., Dow Chemical and Anglo American Plc are among Western companies seeking to profit from a Chinese boom in coal-to-chemicals projects.

NY Times:
- Disney(DIS) Expands Virtual Games for Children.
- Google’s(GOOG) Market Share Grows and Grows and Grows.
- Mac owners more likely to download music.

LA Times:
- Feds aid TV viewers’ move to digital. Agency will start taking requests for discounts on converter boxes Tuesday. In 2009, analog will be history.

- Apple readying HD Radio push for Macworld.

Houston Chronicle:
- President Bush signed legislation Monday to allow states and local governments to cut investment ties with Sudan because of the violence in Darfur.

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