Monday, May 15, 2006

Morning News

  • Futures are pointing to another lower open today.
  • NewYork manufacturing survey will be released today.
  • AT&T Corp. and BellSouth Corp. facing billions of dollars in civil lawsuits for turning over calling records to the government. Verizon has been slapped with a $50 billion lawsuit.
  • AstraZeneca to buy Cambridge Antibody Technologies for $1.3 billion.
  • Boeing Co. has agreed to pay $615 million to end three years of investigations by the Justice Dept.
  • Toyota Motor Company to buy back 27 million shares on Tuesday.
  • Andersons Inc. board has approved a 2 for 1 stock split.
  • Carter's Inc. also declares a 2 for 1 stock split.
  • Crude oil pulling back to $70.37 per barrel.
  • Wholesale Gasoline is $2.13 per gallon.
  • Natural gas just above $6.00 per unit.
  • Gold is really pulling back this morning. Current price is $690.00 per ounce.
Budd Foxx

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