Morning News Tuesday August 14th 2007
General News: - Countrywide Financial’s (CFC) monthly data showed continued deterioration in credit. Delinquency as a percent of unpaid principal balance was 4.89% up from 4.77% in June and 3.61% a year ago. Foreclosure as a percent of the same was at 5.10% up from 4.98% in June and 0.46% a year ago. - Producer Prices, a measure of U.S. prices at the wholesale level rose less than forecast in July, indicating inflation outside of energy costs remains contained. - Crude oil rose the most in two weeks in New York as OPEC increased its forecast for demand next quarter…