Morning News

• Futures are up pointing to a higher open.

• Northwest Airlines continues flights now entering 3rd day of mechanics union strike.

• China's CNPC International offers $4.18 billion or $55.00 a share for Petrokazakhstan (PKZ)

• Electricity problems shut down Iraq's oil exports. Power outages are effecting central and southern Iraq.

• Google (GOOG) launches free software application (sidebar) to compete with Yahoo, and microsoft.

• Crude Oil is currently just above $65.00 per barrel.

• Gold is currently $442.80 per ounce.

Budd Foxx