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  • Check out the news on Eaton Corp today. The company plans to buy two companies--one in Europe, the other in Asia. That's exactly the type of deal making we can expect to see in the world of M and A next year.

  • Stocks Close Higher, Led by Tech Rally Thursday, 20 Dec 2007 | 2:51 PM ET

    Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.

  • Credit Agricole to Take Credit-Related Writedown Thursday, 20 Dec 2007 | 2:12 PM ET

    France's biggest retail bank Credit Agricole said on Thursday it would book a 2.5 billion euros pre-tax writedown in 2007 due to the credit crisis gripping global financial markets.

  • We have a new Wall Street Journal-NBC News poll that's shaking up the Republican presidential race, since Rudy Giuliani has lost his national lead. But it's also shaking up Ron Paul's legions of Internet supporters--because he fared so poorly at just 4 percent of the vote. Because his numbers were so low I didn't mention Paul in my Wall Street Journal story on the poll.

  • Dollar Falls vs. Yen on Credit Worries Thursday, 20 Dec 2007 | 11:44 AM ET
    Exchanging Dollars and Euros

    The yen rose broadly on Thursday on worries that the worst from the U.S. subprime mortgage market fallout was yet to come after Bear Stearns recorded its first-ever quarterly loss.

  • Economy Is Showing More Weakness--And Inflation Thursday, 20 Dec 2007 | 10:10 AM ET

    The economy is continuing to show further signs of weakness and rising inflation, according to the latest government reports.

  • UK's Current Account Deficit Hits a Record High Thursday, 20 Dec 2007 | 5:54 AM ET

    Britain's current account deficit hit a record high of 20 billion pounds in the third quarter, equivalent to 5.7 percent of GDP, official data showed on Thursday.

  • Asian Markets End Mixed, China Gains Thursday, 20 Dec 2007 | 4:59 AM ET

    Asian markets closed mixed Thursday with Australia slipping into the red after initially rising in the morning and South Korea paring back gains to trade flat. But Chinese shares managed to move higher with property stocks on the advance.

  • Japan November Exports Rise, But US Worries Linger Wednesday, 19 Dec 2007 | 8:40 PM ET

    Japan's exports rose steadily in November from a year earlier but shipments to the United States fell for the third straight month, reinforcing worries that slower U.S. growth will have a broader impact on Japan's economy next year.

  • Oil Above $91 on U.S. Supply Drop Wednesday, 19 Dec 2007 | 3:53 PM ET
    Oil Refinery

    Oil prices rose to $91 a barrel on Wednesday, ending a four-day run of losses, after crude oil stocks in top consumer the United States fell more than expected last week to their lowest in nearly three years.

  • Merrill Lynch says fund managers it surveyed in December are more pessimistic about corporate profits than they have been in nearly a decade. Seventy-four percent believe we are in a late cycle phase of business expansion while four percent believe the economy has already entered global recession, the firm says.

  • Dollar Up on Year-End Buys, Europe Slowdown Wednesday, 19 Dec 2007 | 3:23 PM ET
    Exchanging Dollars and Euros
  • Oil At $50 A Barrel: Can It Be That Low Again? Wednesday, 19 Dec 2007 | 3:05 PM ET
    Patrons line up for fuel, Tuesday, May 30, 2006, in Cincinnati. Oil prices rose above $72 a barrel Tuesday ahead of an OPEC meeting in Venezuela and the start of the Atlantic hurricane season later this week. The Memorial Day holiday marked the beginning of the peak driving season in the U.S., a period when energy traders are extra skittish about any loss of oil production or refining capacity. (AP Photo/Al Behrman)

    As I watched the signing ceremony for another energy bill today, I thought, why bother? The push for more ethanol only seems to drive up the price of corn, displace other crops, and lead to food inflation for consumers. Energy independence? Please. We import roughly half the oil we use each day. That's a pretty big hurdle to independence.

  • Eight Predictions For Autos in 2008 Wednesday, 19 Dec 2007 | 2:57 PM ET

    As we close out this year, I know some of you are asking, "Hey Toyota Phil (a nickname a friend gave me after accusing me of giving the Japanese automaker too much praise) what do you think will happen in the auto industry next year?" Well, since you asked, and I know some of you haven't asked, here are my prognostications for 2008.

  • Cash-Starved Banks Jam The Fed's First Auction Wednesday, 19 Dec 2007 | 11:10 AM ET

    Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.

  • BoE Voted 9-0 for Dec. Rate Cut, Mulled Bigger Moves Wednesday, 19 Dec 2007 | 7:20 AM ET

    All nine members of the Bank of England's Monetary Policy Committee voted to cut interest rates by a quarter-point in December and even discussed whether slowing economic growth meant a bigger move might be needed.

  • Japan Cuts Growth Forecast, Sees Recovery in 08/09 Wednesday, 19 Dec 2007 | 6:49 AM ET
    Japanese Flag

    Japan's economy will grow 2.0 percent in the fiscal year starting on April 1, the government said on Wednesday while sharply downgrading its initial forecasts for the current year to reflect tumbling investment in housing.

  • German Business Confidence Falls More than Expected Wednesday, 19 Dec 2007 | 6:14 AM ET

    German corporate morale deteriorated more than expected in December as firms took a dimmer view of current conditions, with retailers especially downbeat, a closely-watched survey showed on Wednesday.

  • Asian Markets End Mixed, Rally Cools Wednesday, 19 Dec 2007 | 5:34 AM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Asian stocks were mixed in the afternoon session Wednesday, as markets failed to sustain an earlier recovery. Japan shed 1 percent despite spending most of the session in positive territory. Australia also closed lower.

  • Hedge Funds Are Biggest Donors on Wall Street Tuesday, 18 Dec 2007 | 4:35 PM ET

    When it comes to charitable giving, who gives more--hedge funds or private equity? Turns out the private equity folks are the cheapskates.

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