Friday, November 17, 2006

News New s News

Nov. 17 (Bloomberg) -- Housing starts in the U.S. tumbled in October to the lowest level in more than six years, as waning home sales and swollen inventories discouraged new projects.

Nov. 17 (Bloomberg) -- Oil fell near a 17-month low in New York because warm weather in parts of the U.S. is decreasing heating demand while traders say OPEC will not meet pledges to reduce production.

Nov. 17 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher said the dollar is likely to remain the world's top currency in central bank reserves because of U.S. growth rates and success in containing inflation.

NEW YORK (MarketWatch) -- Nymex Holdings Inc.'s initial public offering priced above the planned range late Thursday, suggesting strong demand for shares of the oil and metals exchange. The IPO of 6.5 million shares priced at $59 each, raising more than $380 million. The pricing came in above the expected range of $54 to $57 a share. The stock is schedule to begin trading on Friday.

Investors who believe they've got fewer choices in the stock market aren't just imagining things. The number of publicly traded and available stocks has plummeted since the Internet bubble of the late 1990s.(US NEWS AND WORLD REPORT)

PUTNAM, Conn. — On the first day the much anticipated PlayStation 3 hit shelves in stores across the country, two armed thugs in Connecticut targeted game seekers with fat wallets, shooting one person waiting in a Wal-Mart line who refused to give up money, authorities said. (FOX NEWS)

Former North Carolina Sen. John Edwards acknowledged Thursday that amid his criticism of Wal-Mart Stores Inc., a volunteer member of his staff asked the world's largest retailer for help obtaining a hot new Sony Playstation 3 for Edwards' family. (AP)

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