06-22-2005, 07:28 AM
What’s News ---- WSJ June 22, 2005
SEC OFFICIALS ARE (http://online.wsj.com/article/0,,SB111939468387765810,00.html?mod=home_whats_new s_us) discussing steps to take in the event a Big Four accounting firm collapses, including easing some audit rules. 8:07 a.m.
•SEC Ordered to Review Mutual-Fund Rule (http://online.wsj.com/article/0,,SB111936780541865299,00.html?mod=home_whats_new s_us)
•Morning Brief: Times Get Tougher at SEC (http://online.wsj.com/article/0,,SB111941526551666259,00.html?mod=home_whats_new s_us)
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Ford slashed (http://online.wsj.com/article/0,,SB111938721072865612,00.html?mod=home_whats_new s_us) its 2005 earnings outlook for the second time this year and said it would make deeper job and cost cuts than originally announced.
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S&P said (http://online.wsj.com/article/0,,SB111938790908965629,00.html?mod=home_whats_new s_us) the risks of default are growing for some types of home loans and tightened its criteria for assessing the risks for so-called option ARMs.
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Buffett said (http://online.wsj.com/article/0,,SB111939476692665816,00.html?mod=home_whats_new s_us) Berkshire is willing to invest more in the U.S. energy sector than the $10 billion to $15 billion he previously discussed. 6:37 a.m.
•Cnooc May Be Nearing Unocal Bid (http://online.wsj.com/article/0,,SB111937218328965371,00.html?mod=home_whats_new s_us)
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Stocks appeared set to open (http://online.wsj.com/article/0,,SB111943838489166350,00.html?mod=home_whats_new s_us) higher Wednesday amid a drop in oil prices and investor hopes for a strong second half of the year. Markets in Europe (http://online.wsj.com/page/0,,2_0026,00.html?mod=2%5F0027) and Asia (http://online.wsj.com/page/0,,2_0027,00.html?mod=2%5F0027) advanced. 8:14 a.m.
•Stock Watch: Wal-Mart Stores (http://online.wsj.com/article/0,,SB111687525528140810,00.html?mod=home_whats_new s_us)
•Morningstar to Rank Hedge Funds (http://online.wsj.com/article/0,,SB111940013869666029,00.html?mod=home_whats_new s_us)
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Senators are nearing (http://online.wsj.com/article/0,,SB111939839077265966,00.html?mod=home_whats_new s_us) an estate-tax compromise that would wipe out the levy for all but the richest citizens, who would see rates slashed. A deal may be ready by the end of summer. 4:46 a.m.
•Bush Pushes Action on Social Security (http://online.wsj.com/article/0,,SB111938082139765503,00.html?mod=home_whats_new s_us)
•In Reversal, Frist Pledges New Bolton Vote (http://online.wsj.com/article/0,,SB111937537804865425,00.html?mod=home_whats_new s_us)
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GE is requiring (http://online.wsj.com/article/0,,SB111940178020366070,00.html?mod=home_whats_new s_us) its vice chairmen to pay for the use of corporate aircraft once their travel expenses exceed $200,000 a year.
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EADS has chosen (http://online.wsj.com/article/0,,SB111939884923265983,00.html?mod=home_whats_new s_us) Mobile, Ala., as the site for a future assembly plant should it win business to supply aerial refueling planes to the Pentagon. 6:08 a.m.
Interested in more info on any of the above – ask me.
SEC OFFICIALS ARE (http://online.wsj.com/article/0,,SB111939468387765810,00.html?mod=home_whats_new s_us) discussing steps to take in the event a Big Four accounting firm collapses, including easing some audit rules. 8:07 a.m.
•SEC Ordered to Review Mutual-Fund Rule (http://online.wsj.com/article/0,,SB111936780541865299,00.html?mod=home_whats_new s_us)
•Morning Brief: Times Get Tougher at SEC (http://online.wsj.com/article/0,,SB111941526551666259,00.html?mod=home_whats_new s_us)
***
Ford slashed (http://online.wsj.com/article/0,,SB111938721072865612,00.html?mod=home_whats_new s_us) its 2005 earnings outlook for the second time this year and said it would make deeper job and cost cuts than originally announced.
***
S&P said (http://online.wsj.com/article/0,,SB111938790908965629,00.html?mod=home_whats_new s_us) the risks of default are growing for some types of home loans and tightened its criteria for assessing the risks for so-called option ARMs.
***
Buffett said (http://online.wsj.com/article/0,,SB111939476692665816,00.html?mod=home_whats_new s_us) Berkshire is willing to invest more in the U.S. energy sector than the $10 billion to $15 billion he previously discussed. 6:37 a.m.
•Cnooc May Be Nearing Unocal Bid (http://online.wsj.com/article/0,,SB111937218328965371,00.html?mod=home_whats_new s_us)
***
Stocks appeared set to open (http://online.wsj.com/article/0,,SB111943838489166350,00.html?mod=home_whats_new s_us) higher Wednesday amid a drop in oil prices and investor hopes for a strong second half of the year. Markets in Europe (http://online.wsj.com/page/0,,2_0026,00.html?mod=2%5F0027) and Asia (http://online.wsj.com/page/0,,2_0027,00.html?mod=2%5F0027) advanced. 8:14 a.m.
•Stock Watch: Wal-Mart Stores (http://online.wsj.com/article/0,,SB111687525528140810,00.html?mod=home_whats_new s_us)
•Morningstar to Rank Hedge Funds (http://online.wsj.com/article/0,,SB111940013869666029,00.html?mod=home_whats_new s_us)
***
Senators are nearing (http://online.wsj.com/article/0,,SB111939839077265966,00.html?mod=home_whats_new s_us) an estate-tax compromise that would wipe out the levy for all but the richest citizens, who would see rates slashed. A deal may be ready by the end of summer. 4:46 a.m.
•Bush Pushes Action on Social Security (http://online.wsj.com/article/0,,SB111938082139765503,00.html?mod=home_whats_new s_us)
•In Reversal, Frist Pledges New Bolton Vote (http://online.wsj.com/article/0,,SB111937537804865425,00.html?mod=home_whats_new s_us)
***
GE is requiring (http://online.wsj.com/article/0,,SB111940178020366070,00.html?mod=home_whats_new s_us) its vice chairmen to pay for the use of corporate aircraft once their travel expenses exceed $200,000 a year.
***
EADS has chosen (http://online.wsj.com/article/0,,SB111939884923265983,00.html?mod=home_whats_new s_us) Mobile, Ala., as the site for a future assembly plant should it win business to supply aerial refueling planes to the Pentagon. 6:08 a.m.
Interested in more info on any of the above – ask me.