Morning News

• Futures are pointing to a slightly higher open this morning.

• The Lundberg Survey shows retail gas prices rose 8 cents nationwide over the past couple of weeks. This is the first rise in over three months.

• Time Warner Inc. in talks to sell 5% stake in it's AOL unit to Google Inc. for $1 billion.

• FPL Group and Constellation Energy confirm merger deal.

• Pfizer Inc. wins patent dispute with Ranbaxy Laboratories LTD over Lipitor. A judge ruled in favor of Pfizer late on friday.

• Two New York City bus lines shut down which serves nearly 50,000 commuters. A full citywide strike is threatened by tuesday.

• Crude Oil is currently $58.52 per barrel.

• Wholesale Gasoline is $1.56 per gallon.

• Natural Gas is $14.03 per unit.

• Gold is up a bit this morning to $510.20 per ounce.

Budd Foxx