Morning News

Futures are pointing to a pretty flat open this morning.

February new home sales will be released at 8:30 this morning.

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

In Tokyo the Nikkei 225 did end the day higher.

Porsche has reportedly made a bid for Volkswagen.

Citigroup Inc. reportedly is set to cut up to 15,000 jobs.

Saudi Basic Industries may bid as much as $12.6 billion for plastics unit of General Motors.

Morgan Stanley to auction $2.48 billion in mortgages from New Century Financial.

FedEx Corp. to launch next day delivery service in China.

Iran is now warning 15 British soldiers could face charges.

Crude oil is now $62.78 per barrel.

Wholesale gasoline continues to move higher current price is $2.01 per gallon.

Natural gas is $7.29 per unit.

Gold is sitting at $659.00 per ounce.

Budd Foxx