Morning News

• Futures are pointing to a higher open this morning.

• The Lundberg Survey shows on average gas prices are up 11 cents over the past two weeks.

• South Korea's second largest automaker KIA to build $1.2 billion auto factory in West Point Georgia.

• Capital One to buy North Folk Bancorp. for $14.6 billion.

• Astrazeneca's drug Crestor has passed a scientific trial. The drug shows it can reverse plaque build up in patients arteries.

• Knight Ridder announcing McClatchy has won the auction for the company with a bid of $6.5 billion or just over $67.00 per share.

• U.S. Agriculture Dept. looking into a possible new case of mad cow.

• Crude Oil is $59.63 per barrel.

• Wholesale Gasoline is $1.67 per gallon.

• Natural Gas currently $6.79 per unit.

• Gold up a bit this morning to $545.70 per ounce.

Budd Foxx