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1、Dollar down against most currencies
NEW YORK - The dollar fell against other major currencies Friday after disappointing economic news, capping off a week of sharp declines against the euro and pound.

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The euro bought $1.3335 in afternoon New York trading, up from $1.3250 late Thursday in New York. Earlier in trading, the 12-nation currency hit another 20-month high of $1.3348 this week and is moving closer to its all-time high of $1.3667, set in December 2004.

The British pound rose to its highest level against the dollar since September 1992, prompting analysts to predict that the sterling would hit $2 by the end of the year. It hit $1.9805 in New York trading, up from $1.9661.

The dollar also weakened against the Japanese currency, falling 115.35 yen from 115.75 the day before.

The     Commerce Department dealt the first blow against the dollar when it reported that construction activity in October dropped 1 percent, the largest amount since the recession in 2001. Home building fell for a record seventh consecutive month.

The Institute for Supply Management followed with an equally bleak report showing that the U.S. manufacturing sector contracted in November for the first time since April 2003.

U.S. economic data are being watched closely for pointers on the     Federal Reserve's interest rate course. Higher rates, a weapon against inflation, tend to strengthen a currency by making investments in it more attractive.

The euro has risen from below the $1.30 mark over the past week amid expectations that the European Central Bank will continue to raise interest rates, while the Fed holds, or eventually cuts, rates. The pound is benefiting from rising home prices and merger and acquisition activity in Britain.

Data released Friday showed that Japan's core consumer price index rose 0.1 percent in October from a year earlier ― below the 0.2 percent gain forecast by economists.

In other trading, the dollar bought 1.1928 Swiss francs, down from 1.1982 late Thursday, and 1.1451 Canadian dollars, up from 1.1420.
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只看该作者 1 发表于: 2006-12-03
2、OPEC chief says 2nd output cut likely
ABUJA, Nigeria -     OPEC is likely to trim production again, the president of the oil cartel said Friday, adding that he expects a cut of at least 500,000 barrels a day.

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The specific amount will be decided at the OPEC meeting scheduled for this month in Nigeria's capital, he said.

"There is likely to be some further trimming, the actual amount will depend on the circumstances," said Edmund Daukoru, who is Nigeria's oil minister and president of the 11-member Organization of Petroleum Exporting Countries.

On Thursday, Venezuelan oil minister Rafael Ramirez said OPEC could cut production by 500,000 barrels a day when it meets in Dec. 14 in Abuja, and Daukoru agreed.

"I don't expect anything less" than 500,000 barrels per day to be cut, Daukoru told reporters.

Oil prices retreated Friday amid profit taking and easing worries that OPEC will significantly reduce output to boost prices.

Prices had jumped to two-month highs on Thursday on news of declining U.S. fuel inventories and the approach of the Northern Hemisphere winter, when heating fuel demand rises.

But by afternoon Friday in Europe, light, sweet crude for January delivery was down 72 cents to $62.41 a barrel in electronic trading on the New York Mercantile Exchange.

Venezuelan President Hugo Chavez said Thursday that OPEC members had reached a consensus to keep oil prices at $50 a barrel. The weekly average for the OPEC basket price this week currently stands above $56 a barrel.

Nigeria is Africa's biggest oil exporter, but its usual 2.5 million barrels of output per day have been cut by 25 percent because of a wave of militant attacks and kidnappings since the beginning of the year.
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只看该作者 2 发表于: 2006-12-03
3、Jobs and data to call stocks' year-end tune
By Ellis Mnyandu

NEW YORK (Reuters) - Wall Street is still on course to end 2006 in the plus column, but it's too early to pop the champagne corks. Investors will comb through next week's jobs report for November and other data to see if the U.S. economy and corporate profits will be able to withstand the fallout from a slowdown in housing and the dollar's slide.

In the past week, unexpected declines in two closely watched indexes -- one of Midwestern business activity and the other of U.S. manufacturing -- bolstered hopes that the Federal Reserve may want to forestall an acute economic slowdown by cutting interest rates sometime soon.

Just how soon is the question. Investors hope that the answer might lie in next week's stream of numbers.

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"I expect trading next week to be subdued, with generally a cautious tone," said Frederic Dickson, senior vice president and market strategist at D.A. Davidson & Co., in Lake Oswego, Oregon. "Investors are going to be on alert, waiting for Friday's jobs report."

Economists polled by Reuters expect U.S. nonfarm payrolls to add 110,000 jobs in November, after October's gain of 92,000. They're forecasting an increase in the U.S. unemployment rate to 4.5 percent in November from 4.4 percent in October.

But if November payroll growth falls below 100,000, investors could become more concerned about the economy's health, analysts said.

That anxiety, though, is not likely to derail the stock market's momentum toward a higher finish for the year.

"The jobs report will be key because people will be looking for further evidence the economy is weakening and that would add more fuel to the fire that a rate cut is something that would happen sooner rather than later," said Sam Rahman, portfolio manager at Baring Asset Management Inc. in Boston.   Continued...
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只看该作者 3 发表于: 2006-12-03
4、Jobs and data to call stocks' year-end tune
Sat Dec 2, 2006 10:31am ET

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Business News
OPEC sends conflicting signal on need for deeper cut
Anti-VW demo brings 15,000 to Brussels streets
Fed sees inflation risk even as growth slows
VIDEO: Manufacturing hurts markets
More Business News... Email This Article | Print This Article | Reprints [-] Text [+] By Ellis Mnyandu

NEW YORK (Reuters) - Wall Street is still on course to end 2006 in the plus column, but it's too early to pop the champagne corks. Investors will comb through next week's jobs report for November and other data to see if the U.S. economy and corporate profits will be able to withstand the fallout from a slowdown in housing and the dollar's slide.

In the past week, unexpected declines in two closely watched indexes -- one of Midwestern business activity and the other of U.S. manufacturing -- bolstered hopes that the Federal Reserve may want to forestall an acute economic slowdown by cutting interest rates sometime soon.

Just how soon is the question. Investors hope that the answer might lie in next week's stream of numbers.

Reuters Pictures

Editors Choice: Best pictures
from the last 24 hours.
View Slideshow

"I expect trading next week to be subdued, with generally a cautious tone," said Frederic Dickson, senior vice president and market strategist at D.A. Davidson & Co., in Lake Oswego, Oregon. "Investors are going to be on alert, waiting for Friday's jobs report."

Economists polled by Reuters expect U.S. nonfarm payrolls to add 110,000 jobs in November, after October's gain of 92,000. They're forecasting an increase in the U.S. unemployment rate to 4.5 percent in November from 4.4 percent in October.

But if November payroll growth falls below 100,000, investors could become more concerned about the economy's health, analysts said.

That anxiety, though, is not likely to derail the stock market's momentum toward a higher finish for the year.

"The jobs report will be key because people will be looking for further evidence the economy is weakening and that would add more fuel to the fire that a rate cut is something that would happen sooner rather than later," said Sam Rahman, portfolio manager at Baring Asset Management Inc. in Boston.   Continued...
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只看该作者 4 发表于: 2006-12-03
5、Anti-VW demo brings 15,000 to Brussels streets
Sat Dec 2, 2006 11:14am ET

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Business News
OPEC sends conflicting signal on need for deeper cut
Jobs and data to call stocks' year-end tune
Fed sees inflation risk even as growth slows
VIDEO: Manufacturing hurts markets
More Business News... Email This Article | Print This Article | Reprints [-] Text [+] By Julien Ponthus

BRUSSELS (Reuters) - At least 15,000 demonstrators marched through Brussels on Saturday in protest at planned job cuts at the Belgian factory of German car maker Volkswagen

(VOWG.DE: Quote, Profile , Research).

Brussels residents and trade union members from across Europe, including Germany, joined almost the entire 5,000 workforce of the affected plant, shouting "We want jobs", whistling, throwing firecrackers and carrying coffins.

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Volkswagen announced two weeks ago it would end manufacture of its top-selling Golf at its plant in Brussels, reducing the workforce to 1,500 from some 5,000. The news prompted a strike.

A deal brokered on Friday by Belgian Prime Minister Guy Verhofstadt to bring production of a small new Audi to Brussels and save some 3,000 jobs has softened Belgian anger.

Francis Wurtz, French European parliament member and head of the parliament's left bloc, complained multinationals were making European workers fight each other and accept ever worse conditions.

"If we allow that to happen there will be no social Europe left," he said. Volkswagen will shift production of the Golf to Germany and is demanding Belgian workers boost productivity to ensure they get to make the Audi.

Hubert Gerards, a 50-year-old VW Brussels worker, came dressed as St Nicholas, the white-bearded figure who spawned Santa Claus and who gives presents to Dutch and Belgian children early in December.   Continued...
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只看该作者 5 发表于: 2006-12-03
6、Security official admits taking bribes By MATTHEW BARAKAT, Associated Press Writer
Thu Nov 30, 7:38 PM ET



ALEXANDRIA, Va. - A former supervisor at the Department of     Homeland Security pleaded guilty Thursday to accepting at least $600,000 in bribes to provide fraudulent citizenship documents to hundreds of Asian immigrants.

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Robert T. Schofield, 57, who once supervised as many as 50 employees in the Citizenship and Immigration Services office in Fairfax, Va., pleaded guilty in U.S. District Court to bribery and to aiding and abetting the illegal procurement of citizenship.

He faces as many as 25 years in prison when he is sentenced in February. Prosecutors said they will seek the maximum sentence.

"We have to go out and arrest these people" who fraudulently obtained immigration and citizenship documents, said Assistant U.S. Attorney Ron Walutes. "It's a huge disruption."

Court records indicate that the government identified hundreds of people who in the past 10 years paid for and fraudulently received from Schofield authentic documents, including naturalization papers and temporary green cards establishing legal residence.

They paid money to immigration brokers, who cut Schofield in for a share of the profits. Court records indicate people paid as much as $30,000 apiece to the brokers for immigration documents. Brokers received at least $3.1 million cumulatively, of which Schofield received at least $600,000.

"The breadth and scope of Mr. Schofield's fraud and corruption are truly stunning," U.S. Attorney Chuck Rosenberg said in a statement.

A broker who paid Schofield, Qiming Ye of Washington, D.C., has pleaded guilty to visa fraud and awaits sentencing.
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只看该作者 6 发表于: 2006-12-03
7、Serial killer appeals death sentence By DAVID AMMONS, Associated Press Writer
Thu Nov 30, 9:38 PM ET



OLYMPIA, Wash. - Convicted serial killer Robert Yates Jr. asked the state Supreme Court on Thursday to throw out his death sentence, arguing that he was sentenced to die for two murders while more prolific killers escaped execution.

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Yates was sentenced to die for fatally shooting two Tacoma women. He has been convicted of 15 murders in four counties.

Prosecutors told the court that Yates lured prostitutes into his vehicle, paid for sex, shot them and took back his money before dumping their bodies.

Under a plea agreement, Yates pleaded guilty to killing 10 women in Spokane County, two in Walla Walla County and one in Skagit County. The death penalty was off the table and Yates was sentenced to 408 years in prison.

Originally, Yates and Spokane prosecutors thought two Pierce County slayings also would be included in the plea deal. But John Ladenburg, the Pierce County prosecutor at the time, decided to prosecute Yates separately for the two Tacoma-area deaths.

The jury convicted him of aggravated murder, and Yates was sentenced to death.

A central question in Yates' appeal is how the Green River Killer, Gary Ridgway, can escape the death penalty after pleading guilty to killing 48 women, while less prolific killers are sentenced to death.

Yates' attorneys said the Pierce County convictions and death penalty must be set aside. The different treatment in Spokane and Pierce counties violated the constitutional guarantee of equal treatment, said attorney Gregory Link, who works at the Washington Appellate Project.

Yates attorney Thomas Kummerow said Ridgway and Yates are "virtually the same person" in terms of their crimes and life history and yet were treated differently.

But Chief Justice Gerry Alexander said Yates' logic seems to be that "we don't have a death penalty unless you kill more than 49 people."

The high court did not indicate when it would rule.
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只看该作者 7 发表于: 2006-12-03
8、Sheriff: 'Caged kids' home smelled bad By M.R. KROPKO, Associated Press Writer
Fri Dec 1, 12:40 PM ET



NORWALK, Ohio - The sheriff who searched the house where parents are accused of caging some of their 11 special needs children testified Friday that he knew something was wrong when he stepped inside.

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"The first thing that grabbed my attention was the smell of urine," Huron County Sheriff Dick Sutherland testified at the trial of Michael and Sharen Gravelle.

Sutherland went to the home Sept. 9, 2005, to investigate a report of children in cages. The house "just didn't look right," he said.

He came across what he described as painted "wood-framed enclosures with rabbit wire" and assumed the children had been sleeping there, he testified.

"I had never seen anything that compares to this kind of child neglect, child endangering," he said.

The Gravelles are charged with 16 counts of felony child endangering and eight misdemeanor child endangering charges. If convicted, they face one to five years in prison and a maximum fine of $10,000 for each felony count.

The Gravelles deny abusing children in their care and have said they had to keep the youngsters in enclosed beds to protect them. The children suffered from problems such as fetal alcohol syndrome and a disorder that involves eating nonfood items.

The children ranged in age from 1 to 14 when authorities removed them from the home in rural Wakeman, about 60 miles west of Cleveland. The youngsters were placed in foster care last fall and the couple lost custody in March.

Lt. Randy Sommers, chief investigator for the Huron County Sheriff's Office, testified Thursday that none of the children was inside the cages when he and Sutherland were there, he said.

Former social worker Jennifer James testified that in 2000 she occasionally met with some of the children, but she made no observation about their sleeping arrangements or whether there were cages.

James said that in November 2000 Michael Gravelle contacted her about stress in the household and said Sharen Gravelle was "emotionally beat" and needed a break.

"He said they loved and wanted to take care of the children," James testified.

Another witness, Carlyle Smith, 54, of Norwalk, who was working for a company that provides baby sitters, said he visited the Gravelle home in October 2003 and left shaken after hearing Sharen Gravelle call the children monkeys.

On a four-hour visit size up the home, Smith said a boy asked at mid-afternoon to use the bathroom and was told by an angry Sharen Gravelle that it wasn't his scheduled time.

"She told him to go to his cage until morning," Smith said.

Smith also testified that he met with Michael Gravelle after that at the small chapel on their property and Gravelle told him, "I consider myself to be Moses."

Smith said at that point he wanted to leave. "I was hoping to get out of there real quick," Smith said.
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只看该作者 8 发表于: 2006-12-03
9、Wolf hater admits poisoning protected species By Laura Zuckerman
Fri Dec 1, 9:22 PM ET



SALMON, Idaho (Reuters) - An outspoken opponent of U.S. government efforts to reestablish the gray wolf in western states has pleaded guilty to trying to poison the federally protected species, a U.S. prosecutor said on Friday.

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Tim Sundles, 48, planted meatballs laced with a poisonous pesticide in Idaho's remote Salmon-Challis National Forest in 2004 with the aim of killing wolves, said Assistant U.S. Attorney Mike Fica.

The meatballs instead poisoned a coyote, fox, magpies and three pet dogs, according to court records. He signed a written plea ahead of a scheduled trial next week.

Sundles could face as much as six months behind bars and five years probation.

In the past Sundles, a maker of custom ammunition, has said he and his wife were attacked by a wolf while camping in the Idaho wilderness five years ago and he shot the animal dead.

"Wolves are the worst wildlife disaster in the history of managed wildlife," he said in an interview last month. "You have to kill the living daylights out of them."

Wolves have been the subject of fierce debate in western states since the federal government in 1995 released 66 into Idaho and Yellowstone National Park to try to reestablish a species hunted nearly to extinction.

Roughly 1,200 wolves now range over parts of Idaho, Montana and Wyoming.

Sundles, who recently moved from Salmon, Idaho, to Montana, has been an outspoken national critic of wolves, which are protected under the federal Endangered Species Act. He was the force behind a Web site with instructions on how to kill wolves with poisoned meatballs, according to legal documents.

In January, the U.S. Department of Interior gave Idaho and Montana more control over their wolf populations. That made it easier for ranchers to kill wolves harassing their livestock and allowed the states to kill off wolf packs making dents in big-game populations provided the U.S. government agreed.

Sundles' guilty plea comes as the federal government is planning to remove wolves from the endangered species list in Idaho and Montana. Wyoming's wolves will remain under federal protections until the state resolves its legal differences with the U.S. government. All three states plan hunting seasons on wolves once they are in charge of managing them.
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只看该作者 9 发表于: 2006-12-03
10、"Grey's" puts ABC on top in Thursday ratings
Fri Dec 1, 2006 3:15pm ET

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By Paul J. Gough

NEW YORK (Hollywood Reporter) - With CBS putting up a "CSI" repeat, ABC and "Grey's Anatomy" ran away with Thursday's primetime ratings race.

The network won both key measures -- viewers and adults 18-49 -- with "Grey's" as well as a competitive "Ugly Betty" and OK numbers for the time slot debut of the rookie Anne Heche comedy "Men In Trees."

CBS won the 8 p.m. hour with "Survivor," while NBC took 10 p.m. with "ER," and saw an about-average debut for "Scrubs" followed by a lackluster showing for troubled newcomer "30 Rock."


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"Grey's Anatomy" was the night's top show in key measures, with Nielsen Media Research estimating that the medical drama averaged 24.3 million viewers and a 9.6 rating/23 share in adults 18-49. That was way up compared to "Grey's" last several showings, including 18.5 million for last week's Thanksgiving episode and 20.9 million for the week before that.

It was due in part to a repeat "CSI," which still brought in 15.9 million viewers and a 5.0/12 in the demo. The rest of the fare at 9 p.m. didn't offer much competition, including the return of "Scrubs" (8.4 million, 3.9/9) and "30 Rock" (6.5 million, 3.0/7) plus Fox's "The OC" (3.6 million, 1.6/4).

NBC had good news Thursday night, from improvements for all four of its sitcoms. "Scrubs" was up a tenth of a point from its premiere last season at 9 p.m. Tuesday, January 3, while "30 Rock" was up over its debut in its new time period last month. "My Name Is Earl" (10 million, 4.3/12) and "The Office (9.7 million, 4.6/11) achieved their highest demo ratings this season. "ER" (13.9 million, 6.0/16) easily won at 10 p.m. against a repeat "Shark" (10.3 million, 2.8/7) and "Men In Trees" (11.8 million, 4.0/10).

"Survivor: Cook Islands" (15.5 million, 5.3/14) easily won at 8 p.m. against "Ugly Betty" (13.3 million, 4.1/11) and two episodes of Fox's "Till Death" (4.8 million, 2.0/5). The CW had repeats for both "Smallville" and "Supernatural."

Nightly averages: ABC (16.5 million, 5.9/15); CBS (13.9 million, 4.4/11); NBC (10.4 million, 4.7/12); Fox (4.2 million, 1.8/4); and The CW (2.9 million, 1.1/3).

Reuters/Hollywood Reporter
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