Accordig to Reuters, Alan Greenspan says that the US economic growth is zero and that the oil boom will go on "forever."

Reuters writes that the National Association for Business Economics survey predicts that the economy will slow by avoid recession.

Reuters writes that the Cerberus problems at Chrysler, GMAC, and other firms it owns are deepening.

The Wall Street Journal writes that Electronic Arts (ERTS) has made a $2 billion offer for Take-Two (TTWO).

The Wall Street Journal reports that Clear Channel (CCU) has settled it buy-out disagreement with Providence Equity but Wachovia (WB) may walk away from the financing.

The Wall Street Journal writes that Goldman Sachs (GS) may post its lowest profit in three years due to write-downs in debt from corporate buy-outs.

The New York Times writes that oil moved back towards $100 on movements of Turkish troops into Iraq.

The New York Times writes that movie studios are facing a sharp drop in DVD sales.

The New York Times writes that Adobe (ADBE) has created a platform which will allow thousands of applications to run on PCs and the internet.

Bloomberg writes that the failure of the auction rate market is forcing up interest rates for municipalities.

Douglas A. McIntyre

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