Monday, October 29, 2007

Today's Top Stories

The following are today's top stories:


* Shai Agassi, a top Silicon Valley technologist, has devised a plan to reinvent the auto industry around electric-powered cars by building battery-charging stations around the world.

* After a series of crash landings caused by landing gear malfunctions, Scandinavian Airlines said it would pull all Bombardier Q400 turboprops from its fleet.

* The European Union has proposed that car advertisements shown in member countries carry tobacco-style labels warning of the environmental impact they cause.

* The number of customers buying travel online has begun to shrink, the first time a category has lost shoppers since Forrester Research began tracking e-commerce 10 years ago.

* In New York City neighborhoods hit hard by the subprime lending crisis, most loans that ended up in foreclosure came from three companies- Fremont Investment and Loan, WMC Mortgage, and the New Century Financial Corp (NEWCQ.PK: Quote, Profile, Research), according to a new report.

* Having emerged as a leading candidate to succeed Stanley O'Neal at Merrill Lynch (MER.N: Quote, Profile, Research), BlackRock Inc (BLK.N: Quote, Profile, Research) founder Laurence Fink may be the king of Wall Street's chief executive officer short list.

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