Today's Intel

Wednesday, Nov. 23, 2011

BLOOMBERG    Have a Happy Thanksgiving, and see you on Monday.

Eight Republican presidential candidates clashed last night over how to treat millions of illegal immigrants in the U.S., after Newt Gingrich called for a "humane" policy allowing those in the country for 25 years and with established family and community ties to remain.

Fresh off the deficit-cutting supercommittee's impasse, leaders in both chambers of Congress said they are prepared to consider extending the payroll tax cut that is set to expire on Dec. 31. The U.S. Senate may vote on an extension as soon as next week,

More Americans than forecast filed for unemployment benefits last week. Applications for jobless insurance increased 2,000 in the week ended Nov. 19 to 393,000.

Orders for durable goods fell 0.7 percent in October after a 1.5 percent revised drop the prior month, and consumer spending rose 0.1 percent for the month, the Commerce Department added.

Merck & Co., the second-largest U.S. drugmaker, will pay $950 million and a unit of the company will plead guilty to a criminal misdemeanor charge to resolve a U.S. probe of its illegal marketing of the painkiller Vioxx.

Russia may accept an invitation to join U.S.-European space missions to Mars after suffering the "heavy blow" of losing a $163 million space probe bound for the second-closest planet to Earth.

The Thomson Reuters/University of Michigan final index of consumer sentiment rose to 64.1 this month, the highest since June, from 60.9 in October.

Consumer spending in the U.S. rose less than forecast in October as Americans used the biggest gain in incomes in seven months to rebuild savings, indicating the biggest part of the economy may contribute less to the recovery. Purchases increased 0.1 percent, after a 0.7 percent gain the prior month.

AP Top Stories

Turkey's prime minister has apologized for the first time for the killings of nearly 14,000 people in a bombing and strafing campaign to crush a Kurdish rebellion in the 1930s.

Some of Libya's clans said they would not recognize the government, a day after the unveiling of a new cabinet revived regional and tribal rivalries which threaten the country's stability.

Russia will deploy new missiles aimed at U.S. missile defense sites in Europe if Washington goes ahead with the planned shield despite Russia's concerns, President Dmitry Medvedev said

Newt Gingrich may be inching up in the polls, but he won't be on the ballot in Missouri's Republican presidential primary in February. The former House speaker failed to qualify for the state's Feb. 7 ballot.

The U.S. vastly outspends other countries on health care but still ranks low when it comes to the health status of its residents, according to a report comparing developed countries.

The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis, as part of an annual review of bank health.

The European Space Agency has received the first signal from an unmanned spacecraft bound for moon of Mars since it got stuck in Earth's orbit.

Purchase applications for home mortgages rebounded last week, but demand for refinancing sagged for a second week in a row.

Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research. The average rate on the 15-year fixed mortgage edged down to 3.3 percent from 3.31 percent. Seven weeks ago, it too hit a record low of 3.26 percent. Rates have been below 5 percent for all but two weeks this year.


The FBI says it can find no evidence that hackers burned out a water pump in Illinois, but a security expert questions their findings.

Panama's former strong man Gen Manuel Noriega is to be sent back to serve sentences there, after a French court grants an extradition request.

The struggling telecoms equipment manufacturer Nokia Siemens Networks is cutting 17,000 jobs.


GOOD Worldwide LLC, a company hired to lead marketing campaigns for such corporate giants as Pepsi, Starbucks, IBM and Toyota now is promoting Occupy Wall Street while complaining about the top "1 percent" ultra-wealthy allegedly hoarding the country's wealth. It describes itself as a media platform that promotes, connects, and reports on the individuals, businesses, and non-profits "moving the world forward." It maintains a central website, quarterly magazine, and online video content all dedicated to promoting so-called progressive values. Other major companies listed as having "partnered" with GOOD include Apple, Aveda, BP, Ford, Gap , GE , IBM, Jet Blue Airways, Levi's, Lexus, Kashi, Microsoft, MINI, NBC Universal, Ralph Lauren , Skyy Vodka, Virgin Mobile and Whole Foods.

Some demonstrators are planning to occupy retailers on Black Friday to protest "the business that are in the pockets of Wall Street." Organizers are encouraging consumers to either occupy or boycott retailers that are publicly traded, according to the Stop Black Friday website.

"All-American Muslim," on The Learning Channel that is being touted as a "powerful series" that carries viewers "inside the world of American Muslims," is being dropped by advertisers.

Attorney Orly Taitz is demanding a rehearing before the New Hampshire Ballot Law Commission in her quest to get Barack Obama removed from the ballot in the important early primary state.

An agreement has been reached with the city of Jacksonville, N.C., that will allow a team of pro-life protesters represented by the Thomas More Society to resume praying and witnessing at the entrance to an abortion clinic.

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