Monday, October 08, 2007

Morning News

Futures are pointing to a slightly lower open at this point in the morning.

European markets are trading lower today.

Crude oil sitting just below $81.00 per barrel.

Wholesale gasoline is $2.03 per gallon.

Natural gas is $6.97 per unit.

Gold is $742.00 per ounce.

Columbus Day trading expected to be on the light side today.

Germany's SAP to buy Business Objects for $6.8 billion.

Spansion Inc. to buy Saifun Semiconductors for $11.26 a share.

Textron Inc. to buy United Industrial for $1.1 billion.

Yum Brands Inc. will release earnings today.

Berkshire Hathaway reportedly continues to sell shares in Petro China.

The Lundberg Survey shows gas prices across the country have fallen over the past two weeks.

Budd Foxx

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