Draft on posts

Posted: January 11, 2008 at 8:43 am

247WallSt.com brings you the daily recap of the printed word from major publications:

REUTERS:

  • Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.
  • November trade gap was greatest it has been since July.
  • UBS (UBS) has told shareholders it will need an emergency capital hike.

WALL STREET JOURNAL:

  • Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).
  • ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field
  • The board of Delta (DAL) is considering a merger with Northwest (NWA) or United (UAUA).
  • The slowdown hit results at American Express (AXP).
  • Toyota (TM) is looking to India for future growth.
  • Microsoft (MSFT) has named a new head of its large business software unit.
  • Verizon (VZ) is seeing no slowdown in its business.

NEW YORK TIMES:

  • A huge oil field found off Brazil could turn the country into a major power in the world energy market.
  • Merrill Lynch (MER) could report a huge write-down of $15 billion.
  • New York Attorney General is opening an antitrust probe into Intel (INTC).

FINANCIAL TIMES:

  • Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.

BARRON’S:

  • Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).

OR………….

  • REUTERS: Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.  November trade gap was greatest it has been since July.  UBS (UBS) has told shareholders it will need an emergency capital hike.
  • WALL STREET JOURNAL: Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).  ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field.  The board of Delta (DAL) is considering a merger with Northwest (NWA) or United (UAUA).  The slowdown hit results at American Express (AXP).  Toyota (TM) is looking to India for future growth.  Microsoft (MSFT) has named a new head of its large business software unit.  Verizon (VZ) is seeing no slowdown in its business.
  • NEW YORK TIMES: A huge oil field found off Brazil could turn the country into a major power in the world energy market.  Merrill Lynch (MER) could report a huge write-down of $15 billion.  New York Attorney General is opening an antitrust probe into Intel (INTC).
  • FINANCIAL TIMES: Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.
  • BARRON’S: Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).

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