Morning News

Futures are pointing to a pretty flat open this morning.

February existing home sales will be released at 10:00 this morning.

European markets are trading sideways so far today.

In Tokyo the Nikkei 225 did end the day with another higher session.

General Electric reportedly will offer $1.15 billion for Sanyo Electric Credit.

Jabil Circuit forcast comes in below the streets expectations.

Kraft Foods to replace Sabre Holdings on the S&P 500.

Nike Inc. reports 8% profit rise, but offers light forcast.

Nortel Networks prices $1 billion of convertible notes.

Senior executives from General Motors givin restricted stock units.

Blackstone Group has filed for a $4 billion initial public offering.

Sony launches Playstation 3 in Europe.

Southern California farm files lawsuit against Taco Bell Corp. It was reported that the farms green onions were to blame for ecoli breakout. Test have proven that was not the case.

Crude oil is $61.39 per barrel.

Wholesale gasoline is $1.94 per gallon.

Natural gas remains just above $7.00 per unit.

Gold is currently $662.00 per ounce.

Budd Foxx