Friday, March 16, 2007

Morning News

Futures are pointing to a lower open this morning.

February Consumer Price Index will be released at 8:30 this morning.

Industrial production figures will be out this morning.

March consumer confidence also set for release this morning.

European markets are trading to the downside today.

In Tokyo the Nikkei 225 did end the day lower.

Nissan CEO Carlos Ghosn will no longer be in charge of U.S. operations.

OMI Corp. to explore options including a sale or merger.

Six Flags reports wider loss than expectations.

San Diego judge has thrown out a few claims by Alcatel Lucent against Microsoft in ongoing patent dispute.

Accredited Home Lenders to sell $2.7 billion worth of loans at a discount price.

Cisco Systems to buy WebEx Communications for $2.9 billion.

Crude oil dipping to $57.71 per barrel.

Wholesale gasoline has pulled back a bit to $1.88 per gallon.

Natural gas remains just under $7.00 per unit.

Gold back to just above $650.00 per ounce.

Budd Foxx

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