Markets Mixed Amid 30-Year Yield At Five Percent
New York stocks edged up then mixed as the 30-year Treasury yield briefly hit five percent ahead of the Federal Reserve meeting. Merrill Lynch to acquire Wealth manager First Republic Bank for 1.8 billion dollars. Citigroup to buy Egg Banking PLC online bank for about 1.13 billion. Oil slipped to 54.01 a barrel as cold weather forecasts remained cooler. Abitibi-Consolidated and Bowater to merge in an all-stock deal creating AbitibiBowater Inc with about 79 billion dollars in annual revenue. Verizon reports 38 percent fall in quarterly profit to 1.03 billion dollars despite adding 2.3 million wireless customers. Tesoro to buy Shell’s Los Angeles refinery and 250 sites for 1.63 billion while inventory could add up to 200 million.
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New York
Treasury
Federal Reserve
Merrill Lynch & Co
First Republic Bank
Citigroup Inc
Prudential PLC
Egg Banking PLC
U.S
New York Mercantile Exchange
Columbia
S.C
Canada
Abitibi-Consolidated Inc
Bowater Inc
South Carolina
North America
AbitibiBowater Inc
Verizon
Verizon Wireless
Verizon Communications Inc
Dominican Republic
Tesoro
L.A
San Antonio
Tesoro Corp
Los Angeles
Gates praises Vista as line of wow moments in New York
Bill Gates outlined Microsoft's Vista launch events in New York describing the OS as full of wows. He emphasized the 3-D interface, system wide search, and new Office 2007 elements as key improvements released to consumers after business availability earlier.
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New York
Microsoft
Bill Gates
Microsoft Corp
Gates
January auto sales rise slightly and fuel efficiency boosts Asian brands
January sales are seen rising near 1 percent to about 1.2 million, with Toyota and Honda likely posting double digit gains as fuel economy remains a selling point. GM and Ford face production cuts amid weaker demand, while gas prices retreat yet consumers doubt prices will stay low.
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Detroit
Ford
Edmunds.com
Jesse Toprak
Toyota Motor Corp
Honda Motor Co
Honda Civic
Toyota
Tropak
Honda
Toprak
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