Cautiously Optimistic about Wall St.
Stocks futures rose early Friday, although economic concerns and thin trading during the shortened session could lead to a volatile day on Wall Street.

Oil slips while gold breaches $800
Crude oil prices were steady above $97 a barrel Thursday after failing to break above $100 as a U.S. weekly inventory report showed crude oil inventories rose at a key oil terminal.
Gold inched 0.1 per cent higher to $802.70 in thin trade.

Dollar and stock hit by U.S. growth concerns
The dollar hit record lows against the euro and a basket of major currencies on Thursday while Asian and European stocks slipped as worries intensified over how hard the credit crunch will hit the U.S. economy.

$300 bln in Write-Offs is Expected
Losses in the distressed mortgage sector of the United States could reach $300 billion, only a portion of which has so far been accounted for by write-offs at major banks, according to a study released on Thursday by the Organization for Economic Cooperation and Development.

Another huge year for Boeing
Boeing announced on Wednesday it has won 1057 gross orders, or 1047 net, so far in 2007.
FOR the third straight year, Boeing has won orders for more than 1000 passenger jets and has already eclipsed its sales record set last year, when it beat its rival Airbus for the first time since 2000.

Wal-Mart Loses Bid to Protect their secretive documents
A North Carolina state judge rejected an attempt by Wal-Mart Stores Inc. to block public access to certain court documents in a tax dispute with state authorities.

Samsung expands LCD-Panel Production
Samsung Electronics Co. announced a 2.06 trillion won ($2.22 billion) investment in liquid-crystal-display panels to help meet growing demand for large flat-screen TV sets.

Daimler hurt by dollar buy see no recession
Daimler AG (DAIGn.DE: Quote, Profile, Research) Chief Executive Dieter Zetsche does not expect the U.S. economy to contract as a result of high oil prices and the real estate crisis.

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This entry was posted by David Choi, on Friday, November 23, 2007. You can leave your response.