| Taipei shares outlook - Lower on Wall St weakness; TSMC in focus
TAIPEI (XFN-ASIA) - Share prices are expected to open lower following Wall Street's weaker close amid continuing worries over the credit market, dealers said. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is expected to remain in focus due to its share repurchase plan. Yesterday, the weighted index closed up 215.72 points or 2.47 pct at 8,942.93, after moving in a range of 8,940.96 and 8,993.89, on turnover of 143.21 bln twd. Foreign investors were net buyers of shares worth 898.42 mln twd, local investment trusts were net buyers of shares worth 3.14 bln twd, and brokers were net buyers of shares worth 2.39 bln twd. "The US market will continue to set the tone for the local bourse today," said an analyst with a domestic securities investment consulting firm.
New builder will tackle affordable-homes market
A new builder hopes to be the leading provider of affordable high-quality, single-family homes in west Volusia County.
Gallery Homes of DeLand plans to develop The Highlands, a community southwest of North Ridgewood and West Minnesota avenues.
Prices of the 55 homes will start in the $150,000s, including the site.
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(AFX UK Focus) 2007-11-16 11:16 GMT: Loblaw long-term 'BBB+' ratings placed on negative watch after weak Q3 - S&P
BANGALORE (Thomson Financial) - Standard & Poor's Ratings Services said it placed Loblaw Cos Ltd's ratings, including its 'BBB+' long-term corporate credit rating, on negative watch following weak third-quarter performance. The agency also placed the ratings on the Toronto-based retailer's parent George Weston Ltd, including the 'BBB' long-term corporate credit rating, on negative watch. The significant erosion in profits resulted from increased food price discounting, substantial consulting costs and other inventory-related costs, S&P said. The agency sees Loblaw's full-year results below its expectations. TFN.newsdesk@thomson.com ash/faj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Astronauts Practice Launch
The crew of the space shuttle Atlantis practiced a launch countdown Tuesday at Kennedy Space Center. NASA technicians also spent time on the pad, fixing a helium valve. Atlantis will carry the Columbus module to the International Space Station. The module will add significant living and work space, to the outpost. Atlantis is scheduled to launch December 6th. .
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