The Market Opens Anew 12/21/2006

The GDP rose at only 2% in the late summer, with real estate putting on a damper. Tough luck for home builders and Home Depot.

Bristol-Myers settled the government’s beef with the company over marketing and pricing practices. It only cost the company $499 million. Retail pricing.

Hedge funds are fighting over who gets to take Delphi out of bankruptcy. The latest offer for financing the car parts maker is $4.7 billion.

IBM will compensation board members with cash and stock grants and not options. Good idea. Keeps them honest.

Douglas A. McIntyre

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