Morning News Thursday July 26th 2007
General News: - Jobless claims were 301,000. 310,000 was expected. - Durable good orders rose 1.4% versus expectations of 1.9%. Ex-transportation orders fell 0.5%, 0.6% was expected. Non-defense cap good & air orders fell 0.7% after falling 1.5% in May and rising 2.0% in April. Computer and electronic orders were weak and machinery orders rose 2.6%. Metal orders were mixed. - The Financial Times is reporting that banks involved with the Alliance Boots/KKR deal have had problems with the debt and have sold loans at a discount, which exceeds the bank fees of 250 bps leaving them with sizable losses.…