Morning News

Futures are pointing to a lower open this morning.

European markets are trading flat to slightly lower so far today.

In Tokyo the Nikkei 225 did see another up day.

H&R Block reports third quarter loss.

Microsoft slapped with $1.5 billion in damages regarding patent infringment held by Alcatel-Lucent.

Reports are out that Arcelor Mittal will spend $2.2 billion to develope iron ore mining in Senegal.

FCC looking into proposed 7 year deal between Direct Tv and Major League Baseball.

NYMEX Holdings plans a stock offering valued at over $1 billion.

Salmonella outbreak reaches 41 states. ConAgra foods Sylvester Georgia plant is believed to be the spot of origin.

Crude oil is up to $61.21 per barrel.

Wholesale gasoline is now $1.75 per gallon.

Natural gas is $7.63 per unit.

Gold just above $680.00 per ounce.

Budd Foxx