Saturday, September 15, 2007

War Of Anti-War, Pro-War Protesters

Breaking News
September 15, 2007

War Of Anti-War, Pro-War Protesters

Thousands of anti-war protesters, including a sizeable contingent of
military veterans, rallied outside the White House to demand an end to
the Iraq war. They were confronted by counter-protestors who support
President Bush.

Baghdad Bomb Strikes Bakery, Killing 11

A car bomb struck a bakery crowded with customers lining up for bread to
end their daytime Ramadam fast; 11 people were killed. Meanwhile,
Islamic extremists warned Sunni tribal leaders who cooperated with the
U.S. would be hunted down and killed.

War Critics Question Obama's Fervor

Sen. Barack Obama has been a critic of President Bush's invasion of Iraq
since the beginning, but as The Washington Post reports, some antiwar
Democrats believe the presidential candidate's antiwar talk hasn't been
consistent or strong enough. 

Friday, September 14, 2007

Markets Friday, 09/14/2007

Friday, 9/14/2007

| Dow : 13442.52 up 17.64

| S & P : 1484.25 up 0.30

| NASDAQ: 2602.18 up 1.12

| Bond (10Y): 4.46%, 102.28

MARKETS:
Mild day, strong week
Dow manages gains after volatile session swayed by worries about central
bank meeting Tuesday, weak retail sales report; For the week, stocks
surge.

Midday Report: Banking lawyer sees more mortgage lenders going down

11:50 am ET Sep 14, 2007

DJIA

13,420

-4.14

S&P

1,482

-1.89

NASDAQ

2,596

-4.69

10Yr

4.49%

+0.007

Banking lawyer sees more mortgage lenders going down


BOSTON
The subprime contagion has already forced several of the nation's
largest home lenders into bankruptcy, but a banking attorney
specializing in the mortgage industry says the carnage is far from
over.

Northern Rock gets central bank lifeline as credit squeezed

LONDON
U.K. mortgage lender Northern Rock said Friday that it needs to tap the
Bank of England for emergency funding after the credit crunch left it
struggling to raise financing, resulting in the stock losing about a
third of its value.

Economic Report: U.S. industrial output up 0.2% in August; manufacturing
lower

WASHINGTON
Output at the nation's factories, mines and utilities rose in August as
hot weather boosted utility operations, but output in manufacturing fell
0.3% in its first drop since February, the Federal Reserve reported
Friday.

Economic Report: U.S. retail sales rise 0.3%, boosted by auto sales

WASHINGTON
U.S. retail sales in August were disappointingly weak despite a strong
selling performance for cars and trucks.

Market Snapshot: Wall Street shaves losses as consumer sentiment
brightens

NEW YORK
U.S. stocks trimmed early losses Friday after a stronger-than-expected
consumer confidence reading offset weak August retail numbers and a U.K.
lender's tapping the Bank of England for emergency funds.

Overall retail sales growth below forecasts in August, down excluding autos; current account gap down in latest quarter.

Date: Fri, 14 Sep 2007

Overall retail sales growth below forecasts in August, down excluding
autos; current account gap down in latest quarter.

Thursday, September 13, 2007

Markets Thursday, 09/13/2007

Thursday, 9/13/2007

| Dow : 13424.88 up 133.23

| S & P : 1483.95 up 12.39

| NASDAQ: 2601.06 up 8.99

| Bond (10Y): 4.46%, 102.22

MARKETS:
Wall Street's blue-chip rally
Dow leads advance as investors welcome strength in GM, McDonald's; Fed
rate-cut hopes help, too; investors take record high oil prices in
stride.

Target shares jump on possible credit-card receivables sale

4:03 pm ET Sep 13, 2007

DJIA

13,424

+133.23

S&P

1,483

+12.39

NASDAQ

2,601

+8.99

10Yr

4.48%

+0.074

Target shares jump on possible credit-card receivables sale

NEW YORK
Shares of Target Corp. jumped Thursday after the No. 2 U.S. discount
retailer said it is mulling a potential sale of its $7 billion
credit-card receivables and reviewing the use of its debt and the pace
of share buybacks.

Goldman's Global Alpha hedge fund drops 22.5% in August

SAN FRANCISCO
Goldman Sachs' largest hedge fund lost 22.5% in August, its worst month
ever, as currency and so-called market-neutral strategies it uses were
hit hard by market turmoil.

Market Snapshot: U.S. stocks close broadly higher; Dow scores
triple-digit gain

NEW YORK
U.S. stocks closed higher Thursday, with the Dow Jones Industrial
Average's triple-digit gains propelled by the likes of General Motors
Corp., which drew an analyst upgrade, and McDonald's Corp., which
doubled its anticipated dividend.
McDonald's at the top of its game

Stocks jump, with the Dow surging about 130 points as sky-high oil prices don't dampen investor optimism.

Date: Thu, 13 Sep 2007

Stocks jump, with the Dow surging about 130 points as sky-high oil
prices don't dampen investor optimism.

U.S. stocks higher; GM powers Dow's gains

11:51 am ET Sep 13, 2007

DJIA

13,422

+130.39

S&P

1,483

+12.28

NASDAQ

2,601

+9.13

10Yr

4.47%

+0.064

U.S. stocks higher; GM powers Dow's gains

NEW YORK
U.S. stocks were higher Thursday, with the Dow Industrial Average seeing
triple-digit gains, bolstered by the likes of General Motors Corp.,
which drew an analyst upgrade, and McDonald's Corp., which doubled its
anticipated dividend.

Hurricane Humberto strikes on heels of record $80 oil

NEW YORK
Hurricane Humberto packed 85 mile-an-hour winds Thursday and was
expected to dump up to 15 inches of rain across parts of Texas,
threatening parts of the energy-rich Gulf Coast region.

Alcatel-Lucent warns again; shares take a dive

LONDON
Shares of Alcatel-Lucent sank nearly 14% on Thursday after the world's
largest maker of telecommunications equipment slashed its sales and
profit forecast for the year, citing weak wireless spending in North
America.

Bending to activist, Target may sell credit card receivables

SAN FRANCISCO
Shares of Target Corp., one of the largest U.S. retailers, rose in
Thursday pre-market trading after it said that it may sell $7 billion in
credit-card receivables in the wake of pressure from activist hedge fund
investor Bill Ackman.

McDonald's to boost dividend, shares rise

CHICAGO
McDonald's Corp. shares rose in Thursday morning trading after the
fast-food giant unveiled plans to increase its dividend by 50% this
year, citing its strong business momentum and cash flows, and said
further hikes may be in the offing.

Oil touches record $80.20 a barrel amid new storm concerns.

Date: Thu, 13 Sep 2007

Oil touches record $80.20 a barrel amid new storm concerns.

Hurricane Humberto hits Texas

9/13/2007

NEWS

Japan's Abe hospitalized for stress
---------------------------------------------
Japanese Prime Minister Shinzo Abe was hospitalized Thursday for
psychological
stress and exhaustion a day after suddenly announcing his resignation,
his
doctors said, compounding political confusion in the world's
second-largest
economy. Kyodo News agency reported the ruling Liberal Democratic Party
would
hold its election for party president on Sept. 23.

Hurricane Humberto hits Texas
---------------------------------------------
Hurricane Humberto made landfall in Southeast Texas early Thursday,
bringing
heavy rains and winds of up to 80 mph as it made its way to eastern
Louisiana,
the National Weather Service said.

U.S.: 45 Taliban killed in Afghanistan
---------------------------------------------
Airstrikes and Afghan army gunfire killed more than 45 suspected
Taliban
fighters in a clash in a southern province just as the holy month of
Ramadan
began, the U.S.-led coalition said.


MONEY

Bank of America raises ATM surcharge
---------------------------------------------
In a move that's expected to prompt higher fees industrywide, Bank of
America
has raised, to $3, the amount it charges non-customers to withdraw cash
from
most of its ATMs.

Airlines get serious about hiring again
---------------------------------------------
After nearly six years of shrinking their workforces, most of the USA's
biggest airlines are finally hiring again. But the big carriers are
finding
that it's a different game than their last employment buildup before
2001.
After years on the hiring sidelines, they're finding that the ready
pools of
applicants have dwindled.

Mortgage rates tumble in past week, with 30-year fixed dipping to 6.31% from 6.46% prior week, Freddie Mac says.

Date: Thu, 13 Sep 2007

Mortgage rates tumble in past week, with 30-year fixed dipping to 6.31%
from 6.46% prior week, Freddie Mac says.

Wednesday, September 12, 2007

Markets Wednesday, 09/12/2007

Wednesday, 9/12/2007

| Dow : 13291.65 down 16.74

| S & P : 1471.56 up 0.07

| NASDAQ: 2592.07 down 5.40

| Bond (10Y): 4.41%, 102.69


MARKETS:
Stocks end lower
Major gauges struggle in volatile session influenced by pre-Fed jitters,
record oil prices and the U.S. dollar at an all-time low versus the
euro.

Crude futures mark record close near $80 as U.S. supplies drop

4:05 pm ET Sep 12, 2007

DJIA

13,291

-16.74

S&P

1,471

+0.07

NASDAQ

2,592

-5.40

10Yr

4.41%

+0.044

Crude futures mark record close near $80 as U.S. supplies drop

SAN FRANCISCO
Crude-oil futures climbed into uncharted territory Wednesday, peaking
above $80 a barrel and closing at a record high just below that level
after U.S. government data showed that crude supplies dropped more than
7 million barrels and motor gasoline inventories fell a sixth week in a
row.

Market Snapshot: Stocks close mostly off as investors look to Fed move

NEW YORK
Stocks finished mostly lower with investors weighing thoughts of an
interest-rate cut against crude oil topping $80 a barrel and a reduced
forecast from Texas Instruments Inc., the world's largest maker of
cell-phone chips.

Currencies: Dollar hits record low vs. euro on expectations for U.S.
rate cut

SAN FRANCISCO
The dollar marked a new record low against the euro Wednesday amid
growing expectations that the Federal Reserve will cut U.S. interest
rates next week and fears that the credit crunch is threatening the
health of the U.S. economy.


Lacking support, Japanese prime minister Abe to step down

HONG KONG
Shinzo Abe announced Wednesday his resignation as Japan's prime
minister, a move precipitated by his failing to win popular support in
the aftermath of the ruling Liberal Democratic Party's resounding defeat
in recent Upper House elections.

Crude oil hits $80 a barrel on the New York Mercantile Exchange for first time ever as traders eye inventory drop.

Date: Wed, 12 Sep 2007 14:27:22 -0400

Crude oil hits $80 a barrel on the New York Mercantile Exchange for
first time ever as traders eye inventory drop.

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Crude futures hit an all-time above $79 as U.S. supplies drop

11:51 am ET Sep 12, 2007

DJIA

13,330

+22.60

S&P

1,475

+3.85

NASDAQ

2,608

+11.21

10Yr

4.40%

+0.040

Crude futures hit an all-time above $79 as U.S. supplies drop

SAN FRANCISCO
Crude-oil futures climbed into uncharted territory above $79 a barrel
Wednesday after U.S. government data showed that crude supplies dropped
more than 7 million barrels and motor gasoline inventories fell a sixth
week in a row.

Market Snapshot: U.S. stocks tilt higher as investors look to Fed move

NEW YORK
Stocks on Wednesday reversed into positive territory as thoughts of an
interest-rate cut by the Federal Reserve at or ahead of Tuesday's
policy-setting meeting countered a reduced forecast from Texas
Instruments Inc., the world's largest maker of cell-phone chips.

Currencies: Dollar hits record low vs. euro on expectations for U.S.
rate cut

SAN FRANCISCO
The dollar marked a new record low against the euro Wednesday amid
growing expectations that the Federal Reserve will cut U.S. interest
rates next week.

Oil reaches record price of $79.29 a barrel after steep drop in inventories.

Date: Wed, 12 Sep 2007 10:31:26 -0400

Oil reaches record price of $79.29 a barrel after steep drop in
inventories.

Breaking News

Date: Wed, 12 Sep 2007 07:35:05 -0400

Two powerful earthquakes reported in Indonesia with preliminary
magnitudes of 7.8 and 8.0. Tsunami alert issued.

Americans Living Longer Than Ever

Breaking News
September 12, 2007
Americans Living Longer Than Ever

Americans are living longer than they used to, but not as long as people
in more than three dozen other countries. According to new government
figures, the life expectancy for Americans is up to nearly 78 years, the
longest in U.S. history.

Japan's Prime Minister Abe resigns

Date: Wed, 12 Sep 2007 05:34:41 -0500

NEWS

Japan's Prime Minister Abe resigns
---------------------------------------------
Japanese Prime Minister Shinzo Abe resigned on Wednesday, ending a
year-long term that was repeatedly damaged by blunders and scandal.

As commutes begin earlier, new daily routines emerge
---------------------------------------------
Americans are leaving home earlier and earlier to beat the rush and get
to work on time. Census data released today document the
ever-lengthening
commutes: In 2000, 1 worker in 9 was out the door by 6 a.m., the new
data says; by 2006, it was 1 in 8. That might not seem like a big
change, but it
has put more than 2.7 million additional drivers for a total of 15
million on pre-dawn patrol.

Most think founders wanted Christian USA
---------------------------------------------
Most Americans believe the nation's founders wrote Christianity into
the
Constitution, and people are less likely to say freedom to worship
covers
religious groups they consider extreme, a poll out today finds.


MONEY

Housing costs punish family budgets
---------------------------------------------
Sydney Lasry, a systems engineer, took a second job three years ago so
he
could afford to buy a $400,000 home in Severn, Md. His mortgage payment
hasn't
risen, but his property taxes have jumped by $1,000 since then, to
$3,200 a
year, and his home insurance has soared by $500, to $1,100.

Burger King has a new twist on fries: Fresh apples
---------------------------------------------
Hey, kids: wanna chow down on hot fries or chilled apple slices cut to
look like fries?

Tuesday, September 11, 2007

Markets Tuesday, 09/11/2007

Tuesday, 9/11/2007

| Dow : 13308.39 up 180.54

| S & P : 1471.49 up 19.79

| NASDAQ: 2597.47 up 38.36

| Bond (10Y): 4.37%, 103.00

MARKETS:
Big rally on Wall Street
Major indexes jump after two tough sessions as investors scoop up a
variety of shares; rate cut bets remain in place.

Crude oil settles at an all-time high of $78.23 a barrel on the New York Mercantile Exchange.

Date: Tue, 11 Sep 2007

Crude oil settles at an all-time high of $78.23 a barrel on the New York
Mercantile Exchange.

Stocks rally on good corporate news with Dow surging about 180 points after two-straight losing sessions.

Date: Tue, 11 Sep 2007

Stocks rally on good corporate news with Dow surging about 180 points
after two-straight losing sessions.

Hillary Clinton returns fund-raiser Hsu's $850G

Hillary Clinton returns fund-raiser Hsu's $850G

Hillary Clinton yesterday returned $850G in campaign cash tied to felon
fund-raiser Norman Hsu, as NY prosecutors are leading the probe into
Hsu's buck-raking.

OPEC agrees to boost crude output to 500,000 barrels a day, AP reports.

Date: Tue, 11 Sep 2007

OPEC agrees to boost crude output to 500,000 barrels a day, AP reports.

Housing price slump to continue through 2008, realtors' group says.

Date: Tue, 11 Sep 2007

Housing price slump to continue through 2008, realtors' group says.

U.S. stocks higher ahead of Bernanke speech

11:51 am ET Sep 11, 2007

DJIA

13,242

+114.94

S&P

1,462

+10.67

NASDAQ

2,581

+22.23

10Yr

4.33%

+0.004

U.S. stocks higher ahead of Bernanke speech

NEW YORK
U.S. stocks climbed Tuesday, with the Dow industrials bolstered by solid
August sales by fast-food giant McDonald's Corp. and investors looking
for clues from Federal Reserve Chairman Ben Bernanke about a possible
cut in interest rates.

Countrywide seeking additional new investors, report says

SAN FRANCISCO
Countrywide Financial Corp., the nation's largest mortgage lender, is
looking for a fresh infusion of cash, the New York Post reported
Tuesday, citing unidentified sources familiar with the company's plans.

Economic Report: Housing starts expected to fall to 16-year low,
realtors say

WASHINGTON
The U.S. housing industry is in for a much deeper downturn, the National
Association of Realtors said Tuesday as it slashed its forecasts for
home sales and construction for this year and next.

Calif. lawmakers reach health-care plan; governor eyes compromise

SACRAMENTO, Calif.
California lawmakers approved a landmark health-reform package on
Monday, but Gov. Arnold Schwarzenegger quickly said he wouldn't sign it
into law and called for talks on a compromise.

ImClone surges 20% on positive Erbitux study

BOSTON
ImClone Systems and partner Bristol-Myers Squibb said early Tuesday that
a key clinical trial for their oncology drug Erbitux showed the drug
helped patients with lung cancer live longer.

U.S. trade gap narrows to $59.2 billion in July from revised $59.4 billion in June.

Date: Tue, 11 Sep 2007 08:31:26 -0400

U.S. trade gap narrows to $59.2 billion in July from revised $59.4
billion in June.

A tense hearing, with no sign of consensus on the war

Date: Tue, 11 Sep 2007

NEWS

New bin Laden video shows 9/11 hijacker
---------------------------------------------
Al-Qaeda leader Osama bin Laden urged sympathizers to join the "caravan"
of
martyrs as he praised one of the Sept. 11 suicide hijackers in a new
video that emerged Tuesday to mark the anniversary of the attacks on the
World Trade Center and Pentagon.


A tense hearing, with no sign of consensus on the war
---------------------------------------------
After months of partisan stalemate, Congress and the rest of the nation
finally heard the U.S. military commander in Iraq and the top U.S.
diplomat there weigh in Monday on the increasingly fierce debate over
whether to stay the course or begin a concerted withdrawal of American
troops.

Pakistani lawyers appeal Sharif deportation
---------------------------------------------
Lawyers for former Prime Minister Nawaz Sharif filed a petition in the
Supreme Court on Tuesday challenging his deportation to Saudi Arabia,
setting up another confrontation between the judiciary and Pakistan's
military ruler as he battles to hold onto power.

Monday, September 10, 2007

Market Monday, 09/10/2007

Monday, 9/10/2007

| Dow : 13127.85 up 14.47

| S & P : 1451.70 down 1.85


| NASDAQ: 2559.11 down 6.59


| Bond (10Y): 4.32%, 103.38

MARKETS:
Stocks stage late comeback
Volatile day ends with stocks near opening prices; Fed officials hint
that large rate cut is unlikely.

Fw: 9/11 six years later, are we any safer?

September 10, 2007

9/11 six years later, are we any safer?

As we approach the sixth anniversary of the 9/11 attacks tomorrow, are
we any safer now than we were in 2001? Local leaders are giving their
assessments. And it's not all good news.

Intel boosts revenue target amid stronger demand

11:50 am ET Sep 10, 2007

DJIA

13,055

-58.36

S&P

1,443

-9.96

NASDAQ

2,546

-18.77

10Yr

4.31%

-0.059

Intel boosts revenue target amid stronger demand

SAN FRANCISCO
Intel Corp. on Monday boosted its revenue target for the third quarter
citing stronger worldwide demand for its computer chips.

Apple hits iPhone sales target ahead of forecast

SAN FRANCISCO
After a week of dealing with negative customer reaction to the surprise
cut in the price of its iPhone, Apple Inc. said Monday that it reached
its goal of selling its 1 millionth device almost three weeks ahead of
schedule.

Stress test: Wall Street soon to reveal impact of credit crunch

SAN FRANCISCO
Investors are about to get a look at the first major reports on the
damage from this summer's credit crunch.

Barclays Capital reported profitable during turbulent August

LONDON
Barclays, moving to calm investors, said Monday that its
investment-banking division had a profitable August in the face of
turbulent credit markets.

Market Snapshot: U.S. stocks slide as worries overtake early gains

NEW YORK
U.S. stocks declined Monday, shedding early gains, with investors
cautious before next week's policy-setting meeting of the Federal
Reserve, where the central bank is expected to trim rates after Friday's
weak payrolls report.

Iraq PM: We Still Need U.S. Military

Breaking News
September 10, 2007

Iraq PM: We Still Need U.S. Military

Iraq's prime minister has told lawmakers that U.S. military might is
still necessary to try and achieve some semblance of security across the
war-torn country. His assessment came hours ahead of a major report by
the top U.S. commander in Washington.