Monday, October 16, 2006

Morning News

  • Futures are pointing to a flat to slightly lower open this morning.
  • European markets are trading slightly higher today. In Tokyo the Nikkei 225 did end the day higher.
  • A 6.6 magnitude earthquake rocks Hawaii over the weekend.

  • UnitedHealth CEO William McGuire stepping down.
  • Research In Motion to delay filing results until stock option grant review is complete.
  • Honda Motor Company saw a jump in sales of 28% in China in the month of September from the same time period one year ago.
  • Comcast Corp. to offer its high speed internet customers trial of internet video service for free next month.
  • Oshkosh Truck Corp. to buy JLG Industries Inc. for $3 billion.
  • Toshiba, Fujitsu, and Hitachi reportedly may seek compensation from Sony Corp. for its problems with battery packs for laptop computers.
  • Crude oil just below $59.00 per barrel.
  • Wholesale gasoline is $1.48 per gallon.
  • Natural gas has dipped below $6.00 again.
  • Gold up a bit to $597.00 per ounce.

Budd Foxx

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