FOReign EXchange

CNBC - Buy businesses, not stocks. Investing does not mean trading.  "It is incredibly helpful to think like a business owner and not just a renter." 2. Focus on companies with wide economic moats.  Look for companies with cash flows "structurally

U.S. Army base in Kuwait at center of federal probe into web of fraud
Boston Globe - Kuwait is a tiny country that thrives on commerce and trade, with a long tradition of wheeling and dealing by powerful trading clans that grew rich even before oil was discovered here. Although the country has public disclosure regulations, many

Fuel prices produce gasps, fumes
Los Angeles Times - On Wednesday, the cost of U.S. benchmark crude oil reached as high as $99.29 a barrel in New York futures trading, briefly threatening to hit the psychologically daunting $100 mark, but pulled back to close at $97.29, down 74 cents. Consumers already

Yen Rises This Week as Investors Flee Higher Yield Assets
Bloomberg - Dollar Index traded on ICE Futures in New York touched 74.484, the lowest since the gauge started trading in 1973. The index tracks the value of the dollar against six major currencies, including euro and yen. Holiday Trading

Bargain-hunting shoppers still out in force
Detroit News - Bargain-hunting shoppers still out in force Nathan Hurst and Jennifer Youssef / The Detroit News DEARBORN -- They camped Midland hotel - 11/23/2007 Windsor business group not happy with Detroit shopping promo - 11/23/2007 Stocks rise in early trading

Thomson Among Big Movers Friday
Washington Post - NEW YORK -- Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: Following a delay due to plans to acquire Reuters Group PLC , the financial data provider resumed a share buyback

CGEN Digital Media discloses IPO terms
Boston Globe - AirMedia shares gained 39 percent in their first day of trading earlier this month. On Friday, the stock closed at $16.56, 10 percent above the IPO price of $15. VisionChina Media Inc., which delivers advertising on Chinese mass transportation systems

News in Brief
Times Online - Trading standards officers acted in nine boroughs after complaints from the public. Durex said that the counterfeit products would be unlikely to protect users against pregnancy or diseases. The company added that the fakes had been sold by criminals

Soybean prices jump to the highest since 1973 amid strong Chinese
CNBC - The dollar slumped to a record low versus the euro, which bought as much as $1.4966 in early trading. Fresh lows in the greenback have often been followed by slight recoveries _ which happened Friday _ but the dollar's longer-term trend has been lower

Cisco Fires Executive Arrested in Brazil in Tax Probe (Update2)
Bloomberg - New York time in Nasdaq Stock Market trading. The stock has risen 6.6 percent in the past 12 months. White-Collar Crime Eduardo Reale, a Sao Paulo-based lawyer defending Carnevali Sr., said his client is innocent and that

No Hunter, but Linebrink likely
Chicago Sun-Times - And with Hunter off the board and the Sox clearing almost $10 million from their payroll by trading Jon Garland and designating Scott Podsednik for assignment, Williams isn't wasting any time moving on. Free-agent reliever Scott Linebrink is expected

ADR Report-Drug stocks and miners lift ADRs
Reuters - The U.S. stock market's regular trading session was abbreviated on Friday, ending at 1 p.m. instead of the usual 4 p.m. close, a day after the Thanksgiving Day holiday. U.S. markets were closed for the Thanksgiving holiday on Thursday and

Humble Revenue long overdue
Times Online - These developments also dragged down the wider market and blue chip financial stocks in particular, leaving the likes of Barclays and RBS trading on staggeringly low price-to-earning ratios. But anyone who thinks that the price of banking stocks

Research In Motion Executives Adopt Share-Sale Plan (Update3)
Bloomberg - Research In Motion rose $2.83 to $113.85 at 1 p.m. New York time in Nasdaq Stock Market trading. To contact the reporter on this story: Ville Heiskanen in New York at vheiskanen@bloomberg.net Last Updated: November 23, 2007 13

Risky business
FOXSports.com - Colon or an indictment of the current free-agent class is left to question. Otherwise, there's Roger Clemens (likely retired)? Kenny Rogers (age 43)? David Wells (even older)? Yeesh. Of course, if you really want to make an impact, then the trading

Major league left-hander Joe Kennedy dies
ESPN.com - Kennedy passed out at home and was brought to a hospital, Hillsborough County sheriff's spokeswoman Debbie Carter told If the A's can get a haul of six, seven or eight young players, they would have to consider possibly trading Dan Haren and Joe

Wine's Holiday Gift Guide
San Francisco Gate - Devoted Nebbiolo initiates know this, which is why they'll begin to drool when you hand them a tastefully wrapped (or fully unwrapped) bottle of 2001 Bartolo Mascarello Barolo ($99, San Francisco Wine Trading Co.), made by perhaps the most militantly

Doorstep trading giant faces court threat
Times Online - The British subsidiary of the world’s biggest direct selling group may be closed by the Government as a result of an investigation into its business practices, The Times has learnt. Amway, which has 12,000 agents in Britain and worldwide sales of

Chip maker seeks new injunction
CNBC - Qualcomm shares rose 7 cents, or .07 percent, to $40.53 in trading Friday. Broadcom's shares rose 69 cents, or 2.5 percent, to $27.83. Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or

Gold tests $825 in thin trading
Globe and Mail - NEW YORK, LONDON — Gold rose sharply Friday in volatile trading, with prices spiking above $825 (U.S.) an ounce as bulls focused on poor U.S. dollar sentiment for a fresh assault on recent 28-year highs. Platinum prices also perked up, with a

IAC/InterActiveCorp. to spend $100M on new Internet business in China
Forbes - Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news

Housing stocks rise in light trading after tough week, but more
CNBC - NEW YORK - Housing stocks rose in light trading Friday with many builders moving off of 52-week lows, but any gains are likely to be temporary with more bad news expected next week. Large builders such as DR Horton Inc., Pulte Homes Inc. and Lennar

Investors struggle to value complex credit assets
Reuters - We could see a cross-section of prices for assets that were about identical in terms of exposure and correlation but were trading at vastly different levels," he said. The asset manager is not required, as a buy-and-hold investor, to mark investments

Stocks rise in early trading
Detroit News - NEW YORK -- Stocks opened higher today as investors awaited signs of how well retailers might fare during the holiday shopping season. Today's shortened session -- the market closes three hours early at 1 p.m. EST -- will cap a volatile Thanksgiving

E*Trade: The Merger Buzz Grows
BusinessWeek - Deck: The online brokerage's trading business might be worth roughly $4 billion but it needs to shed its crumbling banking assets before it can capture that value, argue analysts E*Trade Financial ( ETFC ) continued to claw its way back from the

Oil Closes at Record in New York as Fuel Inventories May Drop
Bloomberg - Futures climbed to $99.29 on Nov. 21, the highest intraday price since trading began in 1983. Prices are up 66 percent from a year ago. Floor trading ended an hour early today because of the Thanksgiving holiday. Volume as of 1:30 p.m