Morning News

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

• Toll Brothers reports a 3% rise in net income, but the company has lowered its 2006 earnings guidance.

• Fannie Mae to pay $400 million to settle probe into accounting manipulation.

• Intel Corp. to help launch low cost computers and notebooks in India.

• New Orleans officials testing new evacuation plans, and emergency response for the next two days in case of another hurricane. The official start to hurricane season is next week.

• Toyota Motor Corp. has rolled out its first Camry made in new factory in China. This all part of the companies plan to get in on the fastest growing vehicle market.

• Conoco Phillips and Saudi Arabia to sign $6 billion refinery deal.

• Crude oil making a move to the upside current price is $70.80 per barrel.

• Wholesale gasoline is $2.09 per gallon.

• Natural gas currently $6.36 per unit.

• Gold is up just a bit today to $662.00 per ounce.

Budd Foxx