Breaking News Sat., December 8, 2007

Breaking News

JUSTICE DEPARTMENT AND CIA ANNOUNCE A NEW 'PRELIMINARY INQUIRY' INTO
CIA'S DESTRUCTION OF INTERROGATION VIDEOS

U.S. stocks end flat, but score weekly gains of nearly 2%

Date: Fri, 07 Dec 2007

U.S. stocks end flat, but score weekly gains of nearly 2%

NEW YORK
U.S. stocks finished near the flat line on Friday, but managed to pocket
weekly gains of nearly 2%, as investors remained hesitant to make large
moves before next week's policy-setting meeting by the Federal Reserve.

Analysts say Fed will cut despite jobs data, but it'll be close

WASHINGTON
The Federal Reserve will cut rates by a quarter-percentage point when
they meet in four days despite no clear signal of weakness from the
November jobs report, analysts said Friday.

Markets Friday, 12/7/2007

Friday, 12/7/2007

| Dow : 13625.58 up 5.69

| S & P : 1504.66 down 2.68

| NASDAQ: 2706.16 down 2.87

| Bond (10Y): 4.10%, 101.16

MARKETS:
Stocks volatile ahead of Fed
Wall Street struggled Friday as investors welcomed strong payrolls
growth but showed caution ahead of next week's expected interest rate
cut.

Stocks close out the week mixed after mostly upbeat jobs report. Investors gear up for Tuesday's Fed meeting.

Date: Fri, 7 Dec 2007 16:03:41 -0500

Stocks close out the week mixed after mostly upbeat jobs report.
Investors gear up for Tuesday's Fed meeting.

Forums:

Date: 7 Dec 2007 18:16:42 -0000
中國規定公民歸國須驗愛滋

中國政府新規定，出國一年以上公民歸國必須接受愛滋病檢查，引發爭論...
...More...go to

http://www.bloglines.com/blog/johnDispatch

Employers add 94,000 jobs in November, more than expected. Unemployment 4.7 percent, unchanged from October.

Date: Fri, 7 Dec 2007

Employers add 94,000 jobs in November, more than expected. Unemployment
4.7 percent, unchanged from October.

Mall Gunman's Friend Reportedly Arrested

Breaking News
December 7, 2007

Mall Gunman's Friend Reportedly Arrested

A published report says a 17-year-old Nebraska high school senior has
been arrested on charges of threatening a 16-year-old girl for making
Internet postings with unfavorable comments about Omaha mall gunman
Robert Hawkins. 

Senate To Probe Destruction Of CIA Tapes

Breaking News
December 7, 2007

Senate To Probe Destruction Of CIA Tapes

Senior lawmakers from both sides of the aisle have criticized the CIA's
decision to destroy videotapes showing the 2002 interrogations of two
key terror suspects, made public only Thursday. Democratic senators are
vowing an investigation. 

U.S. stocks reverse course amid mixed economic signals

Date: Fri, 07 Dec 2007

U.S. stocks reverse course amid mixed economic signals

NEW YORK
U.S. stocks on Friday turned mixed as some investors resorted to
profit-taking after a two-day rise and others digested diverse data,
including slight payrolls growth in November and a drop in consumer
sentiment in December.

Analysts say Fed will cut despite jobs data, but it'll be close

WASHINGTON
The Federal Reserve will cut rates by a quarter-percentage point when
they meet in four days despite no clear signal of weakness from the
November jobs report, analysts said Friday.

Economic Report: U.S. labor market stronger than expected in November

WASHINGTON
The U.S. labor market was slightly stronger than expected in November,
the government said Friday, a factor that's likely to weigh on the
Federal Reserve's decision next week on whether to cut interest rates.

MarketsThursday, 12/6/2007

Thursday, 12/6/2007

| Dow : 13619.89 up 174.93

| S & P : 1507.34 up 22.33

| NASDAQ: 2709.03 up 42.67

| Bond (10Y): 4.00%, 101.97

MARKETS:
Stocks surge, day 2
Markets jump for a second session on bets that Fed will cut rates next
week. Wall Street keeps close eye on homeowner rescue plan. Oil prices
spike.

U.S. stocks close with second day of gains on subprime plan

Dec 6, 2007

U.S. stocks close with second day of gains on subprime plan

NEW YORK
U.S. stocks on Thursday extended gains for a second day after the White
House offered its plan to curb home foreclosures, bolstering financial
shares battered for months by the subprime mortgage crisis and related
credit crunch.

MarketWatch First Take: Mortgage plan only a small first step

WASHINGTON
The government and the mortgage industry finally understand that the
economy needs some strong medicine to purge itself of the toxic
mortgages written over the past five years.

Bush, Paulson unveil plan to aid troubled borrowers

WASHINGTON
The mortgage industry has agreed on a plan to help some struggling
borrowers keep their homes, Bush administration officials said
Thursday.

Technology spending to slow in 2008: report

SAN FRANCISCO
Worldwide spending on information technology will grow at a slower rate
in 2008 due to "economic uncertainties," according to a report released
Thursday by the International Data Corp.

Retailers post mixed November sales

NEW YORK
U.S. retailers posted mixed November sales results, with scarcity of
must-have fashion items and no shortage of macroeconomic concerns
battering many U.S. apparel retailers, while value-seeking shoppers and
a calendar shift aided wholesale clubs and department stores.

House OKs Increase In Auto Fuel Efficiency

Breaking News
December 6, 2007

House OKs Increase In Auto Fuel Efficiency

The House approved the first increase in federal automobile fuel
efficiency requirements in three decades as part of an energy bill that
also repeals billions of dollars oil company tax breaks and encourages
use of renewable fuels. 

Fed fever sends stocks higher as investors bet on another rate cut next week. Dow climbs about 180 points.

Date: Thu, 6 Dec 2007

Fed fever sends stocks higher as investors bet on another rate cut next
week. Dow climbs about 180 points.

Bush announces plan to freeze mortgage rates for five years, give lenders more flexibility in modifying loans.

Date: Thu, 6 Dec 2007 13:31:47 -0500

Bush announces plan to freeze mortgage rates for five years, give
lenders more flexibility in modifying loans.

Mall Shooter A Dropout With Criminal Past

Breaking News
December 6, 2007
Mall Shooter A Dropout With Criminal Past

Robert A. Hawkins, the 20-year-old man who went on a deadly shooting
spree at an Omaha shopping mall, lost his job and his girlfriend in the
past two weeks. Friends said he struggled to overcome depression. 

Bankers' group: Mortgage delinquencies at highest point in more than 20 years, Dow Jones reports.

Date: Thu, 6 Dec 2007

Bankers' group: Mortgage delinquencies at highest point in more than 20
years, Dow Jones reports.

Omaha Gunman's Note: "Now I'll Be Famous"

Breaking News
December 6, 2007

Omaha Gunman's Note: "Now I'll Be Famous"

Eight people were killed and five wounded at an Omaha, Neb. mall before
a teenage shooter ended the horror by taking his own life. He left
behind a note that read, in part, "Now I'll be famous." 

Wal-Mart sales at stores open more than a year up 1.5%, at higher end of expectations.

Date: Thu, 6 Dec 2007

Wal-Mart sales at stores open more than a year up 1.5%, at higher end of
expectations.

U.S. stocks rise as financials offset Target's lowered outlook

Dec. 6, 2007

U.S. stocks rise as financials offset Target's lowered outlook

NEW YORK
U.S. stocks on Thursday stepped tentatively higher, led by financial
shares as the market awaited the White House's plan to curb home
foreclosures, while some downward pressure came from mixed retail sales
results.

Retailers post mixed November sales

NEW YORK
U.S. retailers posted mixed November sales results, with lack of
must-have fashion items and no shortage of macroeconomic concerns
battering most U.S. apparel retailers while value-seeking shoppers and a
calendar shift aided wholesale clubs and department stores.

Subprime Today: Bush to unveil aid to homeowners, RBS takes write-down

President Bush is set to announce a plan to help struggling homeowners
avoid losing their properties, including a temporary freeze on low,
introductory mortgage-interest rates that would otherwise jump higher in
the next few years. The plan, expected to be announced today, seeks to
combat a rising tide of foreclosures by making it easier for lenders to
freeze the "starter" interest rate for certain borrowers for five years,
according to a document being circulated by the Treasury Department.

FDA advisory panel votes against approving Genentech's drug Avastin for breast cancer patients, AP reports.

Date: Wed, 5 Dec 2007 14:41:41 -0500

FDA advisory panel votes against approving Genentech's drug Avastin for
breast cancer patients, AP reports.

Breaking News: Nine dead in Omaha mall shooting

Date: Wed, 05 Dec 2007

OMAHA - A man with a rifle opened fire at a busy shopping mall
Wednesday, killing eight people before taking his own life, police said.
Five more people were wounded, two critically. Shoppers and employees
ran screaming through the mall and barricaded themselves in dressing
rooms after hearing gunfire. The gunman was found dead on the third
floor of the Von Maur department store.

U.S. stocks end higher after late-session extension to rally

Date: Wed, 05 Dec 2007

U.S. stocks end higher after late-session extension to rally

NEW YORK
U.S. stocks on Wednesday leaped ahead for the first time this month,
with technology shares fronting the advance, after data cast a more
optimistic light on the U.S. economy, while leaving intact hopes of
another interest-rate cut next week.

FDA panel rejects Genentech's Avastin for breast cancer: WSJ

BOSTON
An advisory panel of the Food and Drug Administration has narrowly voted
not to recommend the agency approve Genentech Inc.'s oncology drug
Avastin for the treatment of advanced breast cancer, the Wall Street
Journal reported Wednesday afternoon.

Clinton tells Wall St. to back mortgage-reform plan

WASHINGTON
Wall Street shares the blame for the subprime mortgage crisis and should
get behind voluntary proposals to shield working families from a rising
tide of foreclosures or face the prospect of a legislative crackdown,
Democratic presidential frontrunner Sen. Hillary Clinton said
Wednesday.

Economic Report: Productivity revised to 6.3%, best in four years

WASHINGTON
Fast growth in the third quarter translated to the strongest
productivity gains in four years, the Labor Department reported
Wednesday.

White replaces silver as most popular car paint color

SAN FRANCISCO
Green may be symbolic of the environmental push toward low-emission,
fuel-sipping vehicles, but drivers choose lemon over lime when it comes
to the color of their car, according to a recent study from DuPont.

Markets Wednesday, 12/5/2007

Wednesday, 12/5/2007

| Dow : 13444.96 up 196.23

| S & P : 1485.01 up 22.22

| NASDAQ: 2666.36 up 46.53

| Bond (10Y): 3.94%, 102.44

MARKETS:
Fed hopes boost stocks
Wall Street surges on expectations that the central bank could lower
borrowing rates by as much as a half-point when it meets next week.

News Alert! Bush Reaches Subprime Mortgages Deal

Date: Wed, 5 Dec 2007

Congressional aides say the Bush administration has hammered out an
industry agreement to freeze interest rates for certain subprime
mortgages for five years.

U.S. stocks cheered by bullish economic data

Date: Wed, 05 Dec 2007

U.S. stocks cheered by bullish economic data

NEW YORK
U.S. stocks on Wednesday leaped ahead for the first time this month
after early data cast a more positive light on the U.S. economy before
Friday's payrolls report, while leaving intact hopes of another
interest-rate cut next week.

Futures Movers: Oil rises after OPEC keeps output steady, U.S.
inventories drop

SAN FRANCISCO
Crude-oil futures rose on Wednesday to trade near $90 a barrel after the
Organization of Petroleum Exporting Countries opted to keep production
unchanged and crude inventories in the U.S. dropped to the lowest in
nearly two years.

Economic Report: U.S. gained 189,000 jobs in November, ADP says

WASHINGTON
U.S. private-sector employment rose by 189,000 in November, according to
the ADP employment report released Wednesday.

Northern Rock reportedly faces nationalization by February

LONDON
Northern Rock could be nationalized as early as February if the
beleaguered mortgage lender can't secure a private buyer or rescue
package, according to a published report Wednesday.

Economic Report: Productivity revised to 6.3%, best in four years

WASHINGTON
Fast growth in the third quarter translated to the strongest
productivity gains in four years, the Labor Department reported
Wednesday.

Gates: Stable, Secure Iraq "Within Reach"

Date: Wed, 5 Dec 2007
Breaking News

Gates: Stable, Secure Iraq "Within Reach"

Defense Secretary Robert Gates says a "secure, stable Iraq is within
reach", but patience is still necessary. Underscoring the second point,
at least four car bombs exploded across Iraq as Gates met commanders,
leaving no less than 14 people dead. 

Dow industrials rise 120 points, or 0.9%, in opening trades; Nasdaq up 1.2%

Date: 5 DEC 2007

Productivity revised to 6.3%, best in four years

Oil rises sharply after OPEC keeps output unchanged

China credit slowdown is overstated, analysts say

Dow industrials rise 120 points, or 0.9%, in opening trades; Nasdaq up
1.2%

Oil prices rise, touch $90 a barrel on big crude inventory drop.

Date: Wed, 5 Dec 2007

Oil prices rise, touch $90 a barrel on big crude inventory drop.

Toys Not Recalled Might Still Be Dangerous

Breaking News
December 5, 2007

Toys Not Recalled Might Still Be Dangerous

Tests on more than 1,200 children's products, most of them still on
store shelves, found that 35 percent contain lead - many with levels far
above the federal recall standard used for lead paint. 

Growth risks emerge front and center since last Fed meeting

DEC 4, 2007

Growth risks emerge front and center since last Fed meeting

WASHINGTON
In the end, it wasn't really much of a contest.

Southwest, Delta, Continental clip plans for flight offerings

SAN FRANCISCO
Southwest Airlines Co., Delta Air Lines Inc. and Continental Airlines
Inc. said that they are scaling back plans to add more flights and
available seats next year, the latest move by airlines to counter oil
prices near $90 a barrel.

H&R Block, Cerberus scuttle deal for Option One mortgage unit

BOSTON
H&R Block Inc. said Tuesday that it has agreed to scuttle the proposed
sale of its Option One Mortgage Corp. unit to Cerberus Capital
Management in the latest sign of trouble in the subprime-mortgage
market.

Therese Poletti's Tech Tales: Tech firms returning to IPOs, but this
time things are different

SAN FRANCISCO
Possibly inspired by the strong performance last quarter of VMware's
debut, technology startups are considering going public once again.

Markets Tuesday, 12/4/2007

Tuesday, 12/4/2007

| Dow : 13248.73 down 65.84

| S & P : 1462.79 down 9.63

| NASDAQ: 2619.83 down 17.30

|Bond (10Y): 3.89%, 102.88

MARKETS:
Weak day on Wall Street
Stocks slide as investors mull financial sector profits and gear up for
Nov. jobs report, Fed policy meeting.

Stocks fell for a second day as jittery investors focus on battered financial stocks; look ahead to Friday's jobs report.

Date: Tue, 4 Dec 2007 16:00:43 -0500

Stocks fell for a second day as jittery investors focus on battered
financial stocks; look ahead to Friday's jobs report.

U.S. stocks drop for second day on financial woes

Date: Tue, 04 Dec 2007
U.S. stocks drop for second day on financial woes

NEW YORK
U.S. stocks continued to head lower on Tuesday, as a spate of downgrades
for financial firms fueled concerns about the credit-market crisis,
while updates from Nokia Corp. and Merck & Co. Inc. disappointed.

H&R Block, Cerberus scuttle deal for Option One mortgage unit
BOSTON
H&R Block Inc. said Tuesday that it has agreed to scuttle the proposed
sale of its Option One Mortgage Corp. unit to Cerberus Capital
Management in the latest sign of trouble in the subprime-mortgage
market.

Nokia shares fall; upgraded margin goal deemed conservative
LONDON
Nokia Corp., the world's largest maker of mobile phones, unveiled its
financial targets for the next two years at its annual investor day
Tuesday, raising its operating margin forecasts and stressing it aims to
gain market share in mobile devices.

Merck backs 2007 view, sees 2008 growth
NEW YORK
Merck & Co. backed its 2007 profit forecast on Tuesday and said it sees
growth in 2008 from its cervical cancer vaccine, diabetes treatments and
HIV medications.

Forums:

Date: 4 Dec 2007 17:16:27 -0000
論壇：如何看南中國海主權之爭？

越南抗議中國設立海南省三沙市直接管轄西沙和南沙群島是侵犯了越南的領土主權。中國提出的"擱置爭議共同開發"主張是否能夠實現？
More...go to

http://www.bloglines.com/blog/johnDispatch

Brit Teacher Back Home After Sudan Ordeal

Breaking News
December 4, 2007

Brit Teacher Back Home After Sudan Ordeal

The British teacher pardoned by the Sudanese president after being
jailed for insulting Islam is back on her home soil. A humble Gillian
Gibbons said she went for an adventure, "and got a bit more than I
bargained for".

Bush: "Nothing's Changed" On Iran

Breaking News
December 4, 2007

Bush: "Nothing's Changed" On Iran

President Bush said the international community should continue to
pressure Iran on its nuclear programs, despite a new intelligence
finding that Tehran halted its development of a nuclear bomb. He said
"nothing's changed" in his view of Iran. 

U.S. stocks end lower as economic worries persist

Date: Mon, 03 Dec 2007

U.S. stocks end lower as economic worries persist

NEW YORK
U.S. stocks declined Monday for the first time in five sessions amid
ongoing worries about the direction of the economy after a gauge of
manufacturing activity fell slightly and the government vowed to help
some subprime-mortgage holders.

Economic Report: U.S. factory index sees fifth straight drop in
November

WASHINGTON
A key gauge of strength for the U.S. factory sector slipped in November
for the fifth straight month, the Institute for Supply Management
reported Monday.

Paulson 'optimistic' about subprime 'answer'

WASHINGTONTreasury Secretary Henry Paulson said Monday he's confident
that a plan to help borrowers of subprime mortgages will be agreed upon
soon.

Markets Monday, 12/3/2007

Monday, 12/3/2007

| Dow : 13314.57 down 57.15

| S & P : 1472.42 down 8.72

| NASDAQ: 2637.13 down 23.83

| Bond (10Y): 3.85%, 103.25

MARKETS:
Tough day on Wall Street
Stocks slide as investors welcome Paulson's comments, but remain wary
about housing crisis, GM's November sales.

Clinton, Giuliani slip in poll

Date: Mon, 03 Dec 2007 16:42:16 -0600

WASHINGTON - National support for Democrat Hillary Rodham Clinton and
Republican Rudy Giuliani significantly eroded during the past month, a
USA TODAY/Gallup Poll finds, a sign of volatility in both parties just a
month before the Iowa caucuses open the presidential primary season.
Clinton's standing among Democrats dropped by 11 percentage points from
early November and Giuliani's standing among Republicans fell by 9
points, though both continue to lead their fields.

Stocks slide as investors remain wary about housing crisis, despite reasurring statements by Treasury Secretary Paulson.

Date: Mon, 3 Dec 2007 16:00:43 -0500

Stocks slide as investors remain wary about housing crisis, despite
reasurring statements by Treasury Secretary Paulson.

Forums:

Date: 3 Dec 2007 17:29:46 -0000
說說中國調控經濟控制過熱和通脹

你怎麼看中國的經濟？對漲價有哪些切身的體會？如何看政府的調控措施？
More...go to

http://www.bloglines.com/blog/johnDispatch

Paulson: U.S. "aggressively purusing" relief for struggling subprime mortgage holders.

Date: Mon, 3 Dec 2007 10:30:41 -0500

Paulson: U.S. "aggressively purusing" relief for struggling subprime
mortgage holders.

Purchasing managers' manufacturing index slips slightly in November, Dow Jones reports; index above forecasts.

Date: Mon, 3 Dec 2007 10:01:51 -0500

Purchasing managers' manufacturing index slips slightly in November, Dow
Jones reports; index above forecasts.

Breaking News Mon., December 3, 2007

Date: Mon, 3 Dec 2007
Breaking News

SUDAN PARDONS BRITISH TEACHER WHO ALLOWED HER STUDENTS TO NAME A TEDDY
BEAR MUHAMMED

Stocks mixed after Paulson says subprime plan in the works

Date: Mon, 03 Dec 2007 17:01:24 (GMT)

Stocks mixed after Paulson says subprime plan in the works

NEW YORK
U.S. stocks pared losses on Monday after the government said it is
working on a plan to help subprime mortgage holders and as a gauge of
manufacturing activity fell slightly amid ongoing concern about the
direction of the economy.

Detroit automakers set to hand in November sales declines

SAN FRANCISCO
General Motors Corp. is expected to see its three-month winning streak
come to an end Monday when the Detroit giant details just how much the
housing crunch and lofty gas prices have hurt its customer base.

Vivendi bolsters gaming position with Activision deal

LONDON
The video-game giant forged by the tie-up of Vivendi's game unit with
Activision Inc. will be home to best-selling titles "Guitar Hero" and
"World of Warcraft" and could have enough scale to challenge current
leader Electronics Arts Inc.

Asia Markets: Tokyo wobbles; U.S. rate-cut hopes boost Hong Kong

HONG KONG
Asian markets ended mixed in range-bound trading Monday, with Japan's
Nikkei 225 slipping into the red as weaker capital-spending data
pressured industrial shares such as robot-maker Fanuc Ltd.