Thursday, November 16, 2006

New New News

Iranian newspapers Kehyan and and Resalat have urged Muslims around the world to prepare for a 'great war' to destroy the State of Israel. The newspapers published the editorials, translated from Persian by MEMRI , the Middle East translation service, to mark 'Quds' day on October 20, an Iranian 'holiday' calling for the "liberation" of Jerusalem and war against Israel. (Yaakov Lappin)

NAIROBI, Kenya (AP) -- Air pollution may be just the thing to fight global warming, some scientists say.Prominent scientists, among them a Nobel laureate, said a layer of pollution deliberately spewed into the atmosphere could act as a "shade" from the sun's rays and help cool the planet.

A man was arrested at Detroit Metropolitan Airport after officials say they found him carrying more than $78,000 in cash and a laptop computer containing information about nuclear materials and cyanide. (AP)

Nov. 16 (Bloomberg) -- Consumer prices in the U.S. fell more than forecast in October, which may reassure Federal Reserve policy makers who last month described inflation as a bigger worry than a slowing economy.

(Bloomberg)``The inflation risk seems to have abated with all this data,'' said James Park, a trader at Rodman & Renshaw Inc. in New York. ``It creates a favorable environment to be invested.''

Nov. 16 (Bloomberg) -- U.S. law enforcement agents seized documents from a broker and subpoenaed at least two insurance companies in a criminal investigation of whether banks and financial firms conspired to rig bids for investment deals with local governments.

Nov. 16 (Bloomberg) -- Shares of KBR Inc., the engineering and government-services arm of oilfield-services provider Halliburton Co., surged 24 percent on their first day of trading.

NEW YORK (MarketWatch) -- Clear Channel Communications Inc., the largest U.S. radio-station owner, on Thursday said it agreed to be sold to an investor group led by private-equity firms Thomas H. Lee Partners and Bain Capital Partners for $18.7 billion in cash.

The value of US Airways planned bid for Delta Air Lines edged towards $9bn on Thursday as investor reaction suggested a belief that the hostile approach could secure backing from creditors and pass regulatory scrutiny.The indicative value of the cash-and-stock-offer made directly to Delta’s unsecured creditors has climbed by almost $1bn since being unveiled on Tuesday, in the wake of opposition from the Atlanta-based carrier’s executives.( Doug Cameron in Chicago,FT)

Dell shares fell after the computer maker said federal regulators had stepped up an investigation into its accounting. Dell said the inquiry would force it to delay reporting quarterly results. (Yahoo Finance)

We have two factions of media in Boston. On the one hand, we have the Hillary-loving, Ted Kennedy apologists. And on the other, we have the liberals. (Mitt Romney)

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