Morning News Tuesday May 29th 2007
General News: - There may be tax cut competition in Europe as countries in the continent try to attract business and sustain expansion. - OECD (Organization for Economic Co-operation and Development) says that the US should keep rates at 5.25% unless core inflation falls. Then, they can lower them. - The Wall Street Journal mentioned that some private equity deals could fail in the future. - The Financial Times ran a story that buy-out bids are now at a record $82 billion. The newspaper says that the deal boom could signal a desire by the buy-out firms to rush…