Tuesday, June 23, 2009

Scoping - 6.23.09

Train Crash in Washington Kills 7 - "At least seven people were killed and at least 75 injured when one Metro subway train slammed into another on the outskirts of the city during the afternoon rush hour on Monday, emergency officials said." [New York Times]

Iran's top electoral body rules out vote annulment
- "Iran's top electoral body said Tuesday it found 'no major fraud' and will not annul the results of the presidential election, closing the door to a do-over sought by angry opposition supporters alleging systematic vote-rigging." [Washington Post]

Reuters to end its London listing - "One major shareholder said that the decision was linked to the London shares being cheaper in London than on other markets. 'The fact that the stock is irrationally undervalued in London is putting a drag on the value of the stock in New York and Toronto,' said Todd Bourell, a partner at hedge fund ValueAct Capital, which owns 12 million Thomson Reuters shares." Imagine that. A hedge fund who thinks a long investment is undervalued. [BBC]

Stock futures point up as Moody's says U.S. rating safe
- WHEW! Thanks Moody's! Your timing is impeccable as usual. [Reuters] Sphere: Related Content

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