Markets Friday, 09/28/2007

Friday, 9/28/2007

| Dow : 13895.63 down 17.31

| S & P : 1526.75 down 4.63

| NASDAQ: 2701.50 down 8.09

| Bond (10Y): 4.58%, 101.25

MARKETS:
Market slips after strong quarter
Stocks dip Friday after a handful of economic readings and comments
from Fed official cause investors to question whether another rate cut
is likely.

Third quarter ends with a thud; Dow and other major gauges end slightly down after a strong week for Wall Street.

Date: Fri, 28 Sep 2007 16:05:10 -0400

Third quarter ends with a thud; Dow and other major gauges end slightly
down after a strong week for Wall Street.

Personal income up less than expected in August; spending up more than forecast, Dow Jones reports.

Date: Fri, 28 Sep 2007 08:32:13 -0400

Personal income up less than expected in August; spending up more than
forecast, Dow Jones reports.

Forums:

Date: 28 Sep 2007 18:34:36 -0000

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Dollar plunges on tame inflation data, hits fresh low vs. euro

11:51 am ET Sep 28, 2007

DJIA

13,896

-16.83

S&P

1,527

-4.05

NASDAQ

2,702

-6.81

10Yr

4.54%

-0.036

Dollar plunges on tame inflation data, hits fresh low vs. euro

SAN FRANCISCO
The dollar dropped across the board Friday, marking the seventh straight
trading session in which it's sunk to a record low against the euro,
after tame core inflation data suggested that the Federal Reserve could
further cut interest rates.

Market Snapshot: U.S. stocks lower, with investors poised to listen to
Fed talk

NEW YORK
U.S. stocks were lower Friday with a slew of economic data falling
largely in line with expectations and investors looking to Federal
Reserve speakers for clues as to whether central bankers would cut
interest rates again when they next meet.

3Com to be sold to Bain, Huawei in $2.2 billion deal

WASHINGTON
3Com Corp. said Friday it's agreed to sell itself for $2.2 billion to
Bain Capital Partners LLC and Huawei Technologies Co., the largest
networking company in China.

Apple, Qualcomm, Oracle shift lawyers

SAN FRANCISCO
Friday morning saw a game of musical chairs among the top lawyer jobs at
Apple Inc. and Qualcomm Inc. -- each of which have had a colorful legal
record of late.

The Fed: Housing-market bottom 'a ways off': Fed's Lockhart

WASHINGTON
The bottom of the housing market may not be reached until the second
half of 2008 or later, according to Dennis Lockhart, the new president
of the Atlanta Federal Reserve Bank.

Study: All Alcohol Ups Breast Cancer Risk

Breaking News
September 27, 2007

Study: All Alcohol Ups Breast Cancer Risk

Researchers say women who have just one or two drinks a day increase
their risk of breast cancer by 10 percent, regardless of whether it's
beer, wine or liquor. One cancer expert calls it "a hugely
underestimated risk factor."

Market Briefing Newsletter for Thursday, 09/27/2007

Thursday, 9/27/2007

| Dow : 13912.94 up 34.79

| S & P : 1531.38 up 5.96

| NASDAQ: 2709.59 up 10.56

| Bond (10Y): 4.56%, 101.44

MARKETS:
Stocks on the rise
Technology leads Wall Street advance as investors bet that weak home
sales report, drop in GDP growth could make Fed more likely to keep
cutting rates; oil prices jump.

Physicists challenge U.S. missile claims

09/27/2007

NEWS

Physicists challenge U.S. missile claims
---------------------------------------------
A number of top U.S-based physicists have concluded that the Bush
administration used inaccurate claims to reassure NATO allies about U.S.
missile defense plans in Eastern Europe.

Shots fired above protesters, monasteries raided in Burma
---------------------------------------------
Soldiers fired warning shots Thursday above an estimated crowd of 70,000
anti-government demonstrators defying a crackdown that has drawn
international appeals for restraint by Myanmar's ruling junta.

Musharraf opposition freed in Pakistan
---------------------------------------------
Pakistan's chief justice ordered the immediate release of detained
opposition
members Thursday as President Gen. Pervez Musharraf formalized his
controversial candidacy for a new five-year term.

MONEY

Freight railroad customers complain about prices, service
---------------------------------------------
Many customers say the nation's big freight railroads are socking them
with unreasonable rate increases and providing poor service in areas
where they face no rail competitor, hurting the economy and the nation's
ability to
compete globally.

New-home sales plunge 8.3% to seven-year low

11:50 am ET Sep 27, 2007

DJIA

13,886

+8.70

S&P

1,527

+2.08

NASDAQ

2,705

+6.23

10Yr

4.60%

-0.018

New-home sales plunge 8.3% to seven-year low

WASHINGTON
Sales of new homes dropped 8.3% in August to a seasonally adjusted
annual rate of 795,000, the slowest sales pace since June 2000, the
Commerce Department estimated Thursday.

Market Snapshot: U.S. stocks prune advance as new home sales disappoint

NEW YORK
U.S. stocks on Thursday clipped their gains after housing sales data
proved even worse than anticipated, countering earlier data that shed a
positive light on the labor market, offsetting recessionary worries.

Economic Report: GDP revised down to 3.8% in second quarter

WASHINGTON
U.S. economic growth accelerated in the second quarter to the fastest
pace in more than a year, the Commerce Department reported Thursday in
its final estimate measuring gross domestic product for the
April-through-June interval.

Economic Report: Jobless claims fall to lowest level since May

WASHINGTON
First-time applications for unemployment benefits fell by 15,000 in the
latest week to 298,000, the lowest since the week ended May 12, the
Labor Department said Thursday.

KB Home posts loss and sees housing worsening into 2008

BOSTON
KB Home swung to a third-quarter loss as the builder took a big
land-related charge and sees housing market conditions continuing to
deteriorate into 2008, financial results showed Thursday.

Markets Wednesday, 09/26/2007

Wednesday, 9/26/2007

| Dow : 13878.15 up 99.50

| S & P : 1525.42 up 8.21

| NASDAQ: 2699.03 up 15.58

| Bond (10Y): 4.62%, 100.97

MARKETS:
Stocks rally on GM, Bear Stearns
Wall Street welcomes automaker and UAW deal to end strike, news reports
that Bear is looking to sell a minority stake.

Forums:

Date: 26 Sep 2007

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GM-UAW deal pushes U.S. stocks higher

Date: Wed, 26 Sep 2007
11:50 am ET

DJIA

13,859

+81.13

S&P

1,526

+9.63

NASDAQ

2,706

+23.17

10Yr

4.66%

+0.042

GM-UAW deal pushes U.S. stocks higher

NEW YORK
U.S. stocks climbed higher Wednesday, with the early gains tied largely
to a tentative deal ending a two-day United Auto Workers strike against
General Motors Corp. that could set the stage for other automakers to
cut health-care costs.

Economic Report: Capital spending softens as durable-goods orders fall
4.9%

WASHINGTON
Businesses reduced their orders for capital equipment from U.S.
factories in August, another sign that capital spending and exports may
not be strong enough to offset weakness in other areas of the economy.

GM shares rise as much as 7% on settlement with union

SAN FRANCISCO
General Motors Corp. shares jumped as much as 7.4% early Wednesday after
the Detroit automaker hammered out a deal with the United Auto Workers,
marking an end to a two-day strike and allowing production to resume.

Chevron Corp. to buy back $15 bln in stock

NEW YORK
Chevron Corp. on Wednesday set plans to buy back up to $15 billion in
stock as the oil giant moved to return to shareholders some of its
windfall from higher oil prices.

Northern Rock shares jump 13% after approaches received

LONDON
Shares of Northern Rock jumped as much as 13% Wednesday, rallying as the
company said it has received preliminary approaches from a number of
interested parties about a prospective transaction involving the
troubled U.K. mortgage lender.

Oil prices retreat on surprise increases in inventories.

Date: Wed, 26 Sep 2007

Oil prices retreat on surprise increases in inventories.

GM-UAW reach tentative deal; two-day strike ends

Date: Wed, 26 Sep 2007

NEWS

165 Taliban suspects killed in 2 days
---------------------------------------------
An ongoing battle in Helmand province has killed more than 100
suspected
insurgents, bringing the Taliban death toll to more than 165 in the past
two
days, the U.S.-led coalition said Wednesday.

Warning shots fired at monks in Burma
---------------------------------------------
Security forces fired warning shots and tear gas into massive crowds of
demonstrators in Myanmar's biggest city Wednesday, while hauling away
defiant
Buddhist monks into waiting trucks the first mass arrests since protests
in
this military dictatorship erupted last month.

Burma, Somalia ranked most corrupt
---------------------------------------------
Burma and Somalia have been ranked as the most corrupt nations in
Transparency
International's 2007 index, released Wednesday adding pressure to the
Southeast Asian country's military regime as it faces the biggest anti-
government protests in nearly two decades.

MONEY

GM-UAW reach tentative deal; strike ends
---------------------------------------------
The United Auto Workers and General Motors Corp. said Wednesday they
have
reached a tentative contract agreement that ends a two-day nationwide
strike
immediately.

Durable goods orders weaker than expected in August, Dow Jones reports.

Date: Wed, 26 Sep 2007

Durable goods orders weaker than expected in August, Dow Jones reports.

Markets Tuesday, 09/25/2007

Tuesday, 9/25/2007

| Dow : 13778.65 up 19.59

| S & P : 1517.21 down 0.52

| NASDAQ: 2683.45 up 15.50

| Bond (10Y): 4.63%, 100.94

MARKETS:
Tech gains in choppy session
Nasdaq rises as Microsoft, Apple, Yahoo bounce; broader market mixed;
lower oil prices bring some relief.

Existing home sales at lowest level in 5 years, consumer confidence at lowest level in nearly 2 years, AP reports.

Date: Tue, 25 Sep 2007

Existing home sales at lowest level in 5 years, consumer confidence at
lowest level in nearly 2 years, AP reports.

Bush sets different tone for U.N. speech

9/25/2007
NEWS

Report: Iran official says Iran shelled Kurds
---------------------------------------------
Iranian forces have fired artillery against Kurdish guerrilla positions
in
Iraqi border areas, a state-owned newspaper reported Tuesday in the
first
Iranian confirmation of the shelling.

Fukuda elected Japan's PM
---------------------------------------------
Japanese Prime Minister Shinzo Abe and his Cabinet resigned en masse
Tuesday
morning, clearing the way for parliament to choose a new prime minister,
a
Cabinet minister said.

Pres. Clinton appears at Ark. integration gala
---------------------------------------------
Former President Clinton and other dignitaries at a gala Monday night
for the
nine black students who integrated Little Rock Central High School a
half-
century ago stressed the country's continuing need for better race
relations.

Markets Monday, 09/24/2007

Date: Mon, 24 Sep 2007

| Dow : 13759.06 down 61.13

| S & P : 1517.73 down 8.02

| NASDAQ: 2667.95 down 3.27

| Bond (10Y): 4.63%, 100.91

MARKETS:
After the rally, a retreat
Stocks slide as investors take a breather after last week's big
Fed-inspired rally; GM and AMR in focus.

Stocks close slightly lower as investors struggle to remain positive after last week's big Fed-inspired rally.

Date: Mon, 24 Sep 2007 16:01:12 -0400

Stocks close slightly lower as investors struggle to remain positive
after last week's big Fed-inspired rally.

Ahmadinejad Blasted By Columbia President

Breaking News
September 24, 2007
Ahmadinejad Blasted By Columbia President

Iranian President Mahmoud Ahmadinejad took the stage at Columbia
University to a blistering welcome from the president of the school, who
said the hard-line leader behaved like "a petty and cruel dictator."

Forums:

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U.S. stocks most higher in extending best rise since March

11:50 am ET Sep 24, 2007

DJIA

13,855

+35.77

S&P

1,527

+1.56

NASDAQ

2,686

+15.32

10Yr

4.64%

+0.006

U.S. stocks most higher in extending best rise since March

NEW YORK
U.S. stocks pulled higher Monday, as investors remained upbeat about the
Federal Reserve's surprise half-percentage point interest-rate cut last
week that helped propel Wall Street's biggest rise since March.

BHP gains on optimism over potential for big gold discovery

LONDON
Shares of BHP Billiton climbed to a record high in Sydney on Monday and
traded strongly in London on a report that the mining giant was expected
to announce what's the potentially largest gold resource in the world at
its Olympic Dam mine in South Australia.

Credit crunch to slow, not stop, global growth: IMF report

WASHINGTON
The financial markets' turmoil and the credit crunch will likely slow
the global economic expansion but won't be sufficient to bring it to a
halt, the International Monetary Fund said in a report released Monday.

Japan's Fukuda is set to become next prime minister

TEL AVIV Yasuo Fukuda, a moderate on international affairs, won the
leadership of Japan's ruling Liberal Democratic Party, positioning him
to become the country's next prime minister, according to media
reports.

UAW confirms nationwide strike against GM, saying automaker failed to move on key issues; says talks may resume.

Date: Mon, 24 Sep 2007

UAW confirms nationwide strike against GM, saying automaker failed to
move on key issues; says talks may resume.

Protests Await Iranian President In N.Y.

Date: Sun, 23 Sep 2007

Protests Await Iranian President In N.Y.

Critics of Iranian President Mahmoud Ahmadinejad prepared for protests
as the hardline leader headed Sunday for New York, where his planned
speeches at a high-profile university and the United Nations have
aroused a storm of opposition.