Tam, Lan deal triggers buying across airlines

Date: Monday, August 16, 2010

TAM, LAN DEAL TRIGGERS BUYING ACROSS AIRLINES
Brazilian air carrier Tam's shares rally on a preliminary merger
agreement with Chile's Lan Airlines, acting as a catalyst for the
broader airline sector..

JAPANESE SHARES SLIP AS GDP DATA DISAPPOINT
Japanese shares underperform mostly sluggish regional markets after
government data suggest the country's economic recovery is far more
fragile than many had believed.

HOME-BUILDERS INDEX SLUMPS TO 17-MONTH LOW
In another indicator of a tentative housing market, the National
Association of Home Builders/Wells Fargo Housing Market Index posted
its worst reading since March 2009.

CUT EVERYONE'S PAY 10% TO CREATE JOBS
If everybody -- from the president down to the chambermaid -- took a
10% cut in pay, the freed-up money could be used to employ 12 million
people, solving the unemployment problem at once, writes Ken Mayland.

U.S. STOCKS TRY TO HALT LOSING STREAK AT 4 DAYS
U.S. stocks edge into positive terrain on Monday, halting a losing
streak at four days, as commodity producers and technology firms
advanced and helped the broader market clear a decline that came amid
worries about the global economy.