Morning News Tuesday August 7th 2007
General News: - The Federal Reserve is expected to keep rates the same at 5.25%. - U.S. worker productivity gained less than forecast in the second quarter and labor costs rose, suggesting inflation remains a risk as the Federal Reserve sets interest rates today. - Bear Stearns Cos.' decision to liquidate two bankrupt hedge funds in the Cayman Islands instead of New York may limit creditors' and investors' ability to get their money back. - U.S. stocks fell after a government report showed labor costs climbed more than forecast in the second quarter, bolstering speculation the Federal Reserve has less…