Friday, November 11, 2005

new new news

Nov. 11 (Bloomberg) -- Japan's economy grew faster than expected in the third quarter as companies and consumers spent more in the longest expansion in eight years. The Nikkei 225 Stock Average rose to a 4 1/2-year high.

Nov. 11 (Bloomberg) -- European Central Bank council member Klaus Liebscher said inflation is a growing danger and the bank ``can always bite,'' the clearest hint to date that an increase in interest rates may come as early as next month.

WASHINGTON (AP) -- Consumer confidence emerged from a funk. With gasoline prices moderating, people are feeling better -- but not ebullient -- about the economy's prospects and their own.

AMMAN, Jordan (CNN) -- Calling the al Qaeda in Iraq leader a "lowlife," Jordanians on Thursday flooded the nation's capital in bitter protest of the triple suicide bombings that shook the city a day earlier and killed at least 56 people, most of Arab descent.

DAMASCUS (Reuters) - President Bashar al-Assad promised on Thursday to cooperate with a U.N. inquiry into the killing of a former Lebanese prime minister, but said Syria would not sacrifice its own national interest in the process.

Iran’s bellicosity would seem to be an indication that the country is closer to its goal of possessing nuclear weapons than Western intelligence organizations might think. I believe it’s likely that one day in the not-too-distant future, Iran will launch a sneak nuclear attack on Israel in an effort to eradicate that country, and as many Jew as possible, from the face of the earth. (Klaus Rohrich canadafreepress)

The Chinese government last week issued new guidelines that seek to limit the use of cell phones for text messaging. (worldtribune,com)

When Merck & Co. won the New Jersey Vioxx trial last week, it faced a plaintiff who had taken the painkiller for only two months.Now, a state-court judge is upping the ante. Carol Higbee, the New Jersey judge overseeing 3,500 Vioxx cases in Merck's home state, told lawyers in a private conference on Monday that she wants the next 10 or so trials in her courtroom to involve plaintiffs who took the drug for 18 months or longer. (WSJ)

Thomson First Call, Wall Street analysts expect oil prices to average about $56 per barrel and fall no further than $46. (BARRONS)

Approximately 40% of oil and gas production in the Gulf of Mexico remains shuttered because of hurricane damage, according to Bruce Lanni, an analyst at A.G. Edwards & Sons.(BARRONS))

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