Takeaways for Today (10/17/2007)
Oil pauses after breaking record streak
Oil was steady on Thursday, hovering nearly $2 shy of its record high of $89 a barrel as one OPEC minister raised the prospect of another output increase and U.S. data showed rising inventories and weak demand.
State Street Launches Three Muni Bond ETFs
Social Security benefits rise 2.3% next year
Millions of Americans will get a slight increase in Social Security benefits next year after the government agreed to an adjustment for the cost of living.
Other News include:
E*Trade Reports First Loss in Five Years on Bad Debt
SEC is said to be investigating Countrywide (CFC) CEO's stock sales
HP tops Dell as world's largest PC supplier
JPMorgan Chase Posts a Profit, but takes $2 Billion Write-Down
eBay beats the expectation despite write-down of Skype
Brazil police arrest Cisco executives in tax fraud
powered by Bizzcrunch
Oil was steady on Thursday, hovering nearly $2 shy of its record high of $89 a barrel as one OPEC minister raised the prospect of another output increase and U.S. data showed rising inventories and weak demand.
State Street Launches Three Muni Bond ETFs
State Street Global Advisors is rolling out exchange traded funds that track the municipal bond market.
The ETFs are SPDR Lehman Short Term Municipal Bond, (SHM) SPDR Lehman California Municipal Bond (CXA) and SPDR Lehman New York Municipal Bond. (INY)
Diabetes Drug Wins New Uses
The Food and Drug Administration approved Merck & Co.'s diabetes drug Januvia for use in new combinations with other medicines, but the company also added information to the drug's label about reports of serious allergic reactions among some who have taken it.
Washington Mutual Inc. said third-quarter net income was down 72 percent from a year ago, and company executives said the factors behind that decline -- including falling housing prices in many cities -- are getting worse.Social Security benefits rise 2.3% next year
Millions of Americans will get a slight increase in Social Security benefits next year after the government agreed to an adjustment for the cost of living.
Other News include:
E*Trade Reports First Loss in Five Years on Bad Debt
SEC is said to be investigating Countrywide (CFC) CEO's stock sales
HP tops Dell as world's largest PC supplier
JPMorgan Chase Posts a Profit, but takes $2 Billion Write-Down
eBay beats the expectation despite write-down of Skype
Brazil police arrest Cisco executives in tax fraud
powered by Bizzcrunch
Labels: Takeaways for Today
This entry was posted by David Choi, on
Wednesday, October 17, 2007.
You can leave your response.
