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DOW JONES NEWSWIRES
Stock-index futures point toward a sharply lower opening for Wall Street Tuesday,
with a steep fall in Europe and continuing worries about rising oil prices
expected to start the third quarter on a negative note.
Dow Jones Industrial futures were off 111 points to 11228.
S&P 500 futures were down 13 points to 1268. [...]

Of DOW JONES NEWSWIRES
BRUSSELS (Dow Jones)–A rate hike by the U.S. Federal Reserve will lower crude
prices as financial speculators quit the commodity in favor of alternative
assets, according to the secretary general of OPEC, with the producer group
unlikely to fret if prices fall back to levels that reflect the fundamentals of
oil - conceivably below $100 a [...]

By Jed Horowitz
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Enough already with the cliches about the perfect storm.
For the big investment banks, it’s almost a cataclysm.
Let’s start with the basics. When the broad equity market suffers, brokerage
stocks inevitably do worse. (When it rains on the market, in that storm analogy,
it [...]

Merrill’s Likely Writedowns Next Qtr $3B-$5B -CNBC’s Gasparino
Last Update: 6/27/2008 8:08:11 AM
DOW JONES NEWSWIRES
Merrill Lynch & Co. (MER) likely will face a new round of writedowns in the next
quarter in a range of $3 billion to $5 billion, CNBC’s Charlie Gasparino reported
Friday, citing people inside the company. Full story at www.cnbc.com

Yahoo Exec:No Downturn in Asia Ops Despite Econ Uncertainties
Last Update: 6/26/2008 2:55:07 AM
SINGAPORE (Dow Jones)–Yahoo Inc.’s (YHOO) Asia operations haven’t seen any
significant impact from the global economic uncertainties and continue to see
growth in its advertising business in the region, a senior executive said
Thursday.
“Asia is still growing,” Ken Mandel, Yahoo’s vice president and managing director
for Southeast [...]