Interest rate cut hopes
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Interest rate cut hopes
A moment of silence at the New York Stock Exchange this morning. Traders pausing at the opening bell to commemorate the sixth anniversary of the 9-11 attacks. Meanwhile, the Dow hitting triple digit gains in the early going -- traders citing hopes the Federal Reserve will cut interest rates when the central bank bank meets next week. Shares of McDonald's getting a boost after reporting August same-store store sales jumped over 8 percent -- beating analysts expectations. The world's largest restaurant company said new menu items including snack wraps and sweet tea helped drive sales. And News Corp. said it will keep its television shows on Apple's iTunes. The media giant opting not to follow rival NBC Universal -- which announced last month it's yanking its shows from iTunes over pricing disputes. For Reuters, I'm Fred Katayama in New York. COMPANIES MENTIONED: SYMBOLS:
Submission | September 11, 2007
