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growth economic slowing 2005 slow

White House Sees 2005 Economic Growth Slowing to 3.5 (Update2) US economic growth will slow to 3.5 percent in 2005 from 3.9 percent this year, generating average monthly gains in payrolls of about 175,000 jobs, according to President George W. Bush #39;s administration.

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China #39;s BOE To Buy More of TPV Technology BOE Technology Group of China said it has signed a letter of intent to sell its 45.21 percent stake in its joint-venture subsidiary, Beijing Orient Top Victory Electronics, to TPV Technology in trade for an as-yet undetermined stake in the Hong Kong

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Update 2: DaimlerChrysler, Ford to Invest in Ballard Fuel cell maker Ballard Power Systems Inc. on Friday said it exercised its right to call a 55 million Canadian dollar (\$44.6 million) investment from DaimlerChrysler AG and Ford Motor Co.

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Zafi Slows, But Experts Urge Vigilance The Zafi.d worm seems to have done its worst, security experts said Friday, but they urged users to remain on guard through the holidays for more seasonal shenanigans.

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DoCoMo Tests 4G Equipment NTT DoCoMo has successfully completed a high-speed packet transmission with 1GB/s data rate in the downlink using the 4G mobile communication radio access equipment, the company reports.

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U.S. Forgives #36;4.1 Billion in Iraq Debt (AP) AP - The United States on Friday completely forgave #36;4.1 billion in debt Iraq owed it and urged other nations not part of an international debt relief agreement to follow suit.

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White House Expects Steady Economic Growth (AP) AP - The Bush administration released a new economic forecast for 2005 in which it boosted growth forecasts slightly from a year ago but cut back sharply on its estimates of new jobs.

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Former Toronto Manager Bobby Mattick Passes Away TORONTO (Sports Network) - Former Toronto Blue Jays manager Bobby Mattick has died after suffering a stroke. Mattick was 89.

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Bosnia Serb PM Resigns, Rejects Western Pressure BANJA LUKA, Bosnia (Reuters) - Bosnian Serb Prime Minister Dragan Mikerevic stepped down on Friday, refusing to enact police and army reforms demanded by top peace overseer Paddy Ashdown.

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UAL Corp. Begins to Seek Bankruptcy Exit Financing United Airlines has begun reaching out to potential lenders for financing to leave bankruptcy, the company said on Friday. The UAL Corp.

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Five Nabbed On Phishing Charges In Germany German police Thursday arrested five suspects and are seeking another in a phishing scam that took Postbank customers to the tune of 30,000 (\$40,184).

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Indiana hires Roethlisbergers ex-coach BLOOMINGTON, Ind. - Ben Roethlisbergers college coach is moving on to the Big Ten Conference. Terry Hoeppner, who spent the last 19 years at Miami (Ohio), was named as the new football coach at Indiana on Friday.

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US extends an olive branch to Taliban's 'moderates' KABUL, Afghanistan -- Since the US military expelled the Taliban three years ago, it has battled the regime's diehard fighters in the barren mountains and dusty wastes of southern Afghanistan. Now the United States is extending an olive branch to moderate elements of its shadowy foe.

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UAL Corp. Seeks Bankruptcy Exit Financing CHICAGO (Reuters) - United Airlines <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=UALAQ.OB target=/stocks/quickinfo/fullquote">UALAQ.OB</A> has begun reaching out to potential lenders for financing to leave bankruptcy, the company said on Friday.

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Take-Two Sacked on Fourth Down Take-Two follows up bad news with a mediocre earnings report and uninspiring guidance.

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Give the Gift of Cash Fool contributor Tim Beyers screens the market for underpriced stocks that give like Santa.

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Russia Sets YUKOS Sale, Ignores U.S. Ruling MOSCOW (Reuters) - Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a U.S. bankruptcy court order that seeks to halt Sunday's auction for at least 10 days.

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Red Bull Racing bet big on Coulthard 33-year-old British Formula One pilot David Coulthard will stay in tournament next year as a driver for Red Bull Racing, the team has just confirmed.

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Report: Bertuzzi near plea bargain Vancouver, BC (Sports Network) - Vancouver Canucks forward Todd Bertuzzi is close to reaching a plea bargain in his assault case, according to the Vancouver Province.

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Buttle, Sandhu sit second and third after Grand Prix Finals short <b>...</b> BEIJING (CP) - Canadians Jeff Buttle and Emanuel Sandhu had a good start Friday at the Grand Prix figure skating finals, placing second and third behind Russian Evgeni Plushenko in the men #39;s short program.

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MTV Auctioning Pop Artists' Memorabilia (AP) AP - A handmade dress worn by Destiny's Child, a poster signed by Jennifer Lopez and a guitar signed by Wyclef Jean are on sale in an MTV internet auction to raise money for hurricane victims in the Caribbean.

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Desktop Search Race Heats Up (NewsFactor) NewsFactor - Anybody who is anybody in the Web-search realm -- and that list now includes Google, Yahoo (Nasdaq: YHOO), Ask Jeeves (Nasdaq: ASKJ) and Microsoft (Nasdaq: MSFT) -- is acting quickly to stake a claim on the most lucrative piece of real estate in the search world: personal computer users' desktops.

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Product Review: Sony-Ericsson Z500a Smartphone (NewsFactor) NewsFactor - Measuring 3.6 x 1.9 x .9 inches and weighing in at 110 grams, the new Sony Ericsson Z500a smartphone from Cingular Wireless enables road warriors to add a variety of highly effective tools to their mobile arsenals. Included are high-speed access to e-mail and the Internet, as well as a push-to-talk capability for instantly contacting fellow workers.

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Former prime minister Turner hoping Ukrainian re-election will be open, honest (Canadian Press) Canadian Press - TORONTO (CP) - John Turner's team of electoral observers will help Ukraine achieve a fair and honest outcome in its second attempt to elect a president, the former prime minister pledged Friday.

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Microsoft Patches Critical XP Firewall Flaw (NewsFactor) NewsFactor - Microsoft (Nasdaq: MSFT) has released a patch for a potentially serious configuration flaw in the firewall that ships with the company's Windows XP Service Pack 2.

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IBM Integrates RFID with WebSphere (NewsFactor) NewsFactor - IBM (NYSE: IBM) is rolling out a new version of WebSphere software, using radio frequency identification (RFID) technology and middleware targeting retail operations.

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NASA's Departing Chief Defends Hubble Decision (Reuters) Reuters - NASA's departing chief, Sean\O'Keefe, on Friday defended his decision to pursue a robotic\repair mission to the Hubble Space Telescope, days after a\panel of scientists said a shuttle mission would be better.

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Five Die in Violent Storms in France (Reuters) Reuters - Violent storms lashed through northern\and eastern France on Friday, killing five people and forcing\officials to close a Christmas market and Paris tourist\attractions, such as an ice-skating rink on the Eiffel Tower.

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Dollar Weakens in Thin Trading NEW YORK (Reuters) - The dollar weakened against major currencies on Friday in thin holiday-season volume, as traders took profits after early-session gains.

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Above the Clouds, the French Glimpse the Old Grandeur Higher than the Eiffel Tower, the Millau bridge is a triumph of engineering and imagination.

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Gazprom applies for participation in Yuganskneftegaz auction MOSCOW, December 17 (Itar-Tass) -- Gazprom gas giant has applied to the Russian Federal Property Fund for taking part in the Yuganskneftegaz auction.

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White House Expects Steady Economic Growth The Bush administration released a new economic forecast for 2005 in which it boosted growth forecasts slightly from a year ago but cut back sharply on its estimates of new jobs.

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Forgeard becomes French co-chief at EADS Nol Forgeard #39;s move to European Aeronautic Defence amp; Space company leaves shareholders needing to appoint quickly a chief at Airbus to avoid destabilising its management, analysts warned.

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Desktop Search Race Heats Up The turf battle for desktop search is heating up, with Microsoft, Google, Yahoo and now Ask Jeeves all fielding entries. Their strategies vary, but all hope to win the dominant position on personal computer users #39; desktops.

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Morientes joins Liverpool? Liverpool manager Rafael Benitez waries Bayern Leverkuzen, the tough and experienced team, who were 2001-02 Champions League finalist.

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Yes, Options Really Are an Expense FASB stares down the tech lobby and mandates that employee stock options must be expensed.

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Stocks Trim Losses, Drugs and Oil Drag NEW YORK (Reuters) - U.S. stocks cut some losses late Friday afternoon as investors did some bargain hunting for drug stocks, which were beaten down to relatively cheap prices after a slew of negative reports earlier in the day.

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American Express to Cut 2,000 Jobs NEW YORK (Reuters) - American Express said on Friday it expects to record a fourth-quarter pre-tax charge of up to \$120 million and cut 2,000 jobs related to a restructuring of its business travel unit and the sale of some overseas operations.

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InterContinental to Sell 13 Hotels LONDON/NEW YORK (Reuters) - InterContinental Hotels Group Plc <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=IHG.L target=/stocks/quickinfo/fullquote">IHG.L</A> said on Friday it was selling 13 hotels to Hospitality Properties Trust <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=HPT.N target=/stocks/quickinfo/fullquote">HPT.N</A> for \$450 million, as part of its strategy to sell hotels it owns and focus on franchising and managing instead.

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Tax Deductions for Home PCs You can deduct all or part of the costs of your home PC, depending upon its use. But put on your thinking cap before you tackle this gnarly issue.

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A Hot Stock at 7 Times Earnings Seaboard, a small agribusiness and transportation company, looks promising.

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Consumer Prices Up in Nov. As Gas Calms Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.

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American Express to Eliminate 2,000 Jobs American Express Co. said Friday that it is eliminating about 2,000 jobs in a restructuring that will cost \$100 million to \$120 million in the fourth quarter before taxes, and is designed to save the financial

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EBay #39;s Rent.com Purchase Fraught with Risk In a real-estate market in which homeowners have been flipping properties almost as quickly as they would stocks, eBay #39;s getting in on the action.

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Weary Eli, Giants Face Big Ben's Steelers (AP) AP - Eight months ago, the New York Giants were patting themselves on the back after engineering a draft-day trade to get Eli Manning. No one seemed to care the Giants mortgaged the franchise in the deal with San Diego for the No. 1 overall pick.

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Microsoft Moves On Spyware To Stymie Firefox Microsoft bought anti-spyware technology this week to protect its Internet Explorer browser from surging rivals like Mozilla #39;s Firefox, a group of Gartner analysts said Friday.

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Phishing hole discovered in IE com December 17, 2004, 11:40 AM PT. Microsoft is investigating reports of a new Internet Explorer flaw that puts people with the most secure version of Windows at risk of phishing attacks.

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NTT DoCoMo Achieves 1Gbps Packet Transmission in 4G According to JCN Network, NTT DoCoMo announced December 17 that it succeeded in achieving 1Gbps in downlink packet data transmission in a laboratory experiment using forth-generation (4G) mobile communication radio access equipment on August 20, 2004.

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SA restricted on tame pitch Port Elizabeth - England will definitely have been the more satisfied team to leave the field here at St George #39;s Park on Friday after the first day of the first Test against South Africa.

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Major League Baseball Notes: DC official pleads for more time WASHINGTON - Washington DC Council chairman Linda Cropp challenged Major League Baseball officials Thursday to extend the deadline for the city to approve a stadium financing package for a few months so the city can find private money to add to the deal.

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McNair Finished for Season (Reuters) Reuters - Tennessee Titans\quarterback Steve McNair will not play again this season\because of a bruised sternum that has bothered him throughout\the year. He is expected to undergo surgery.

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Former Blue Jays Manager Mattick Dies (AP) AP - Bobby Mattick, who managed the Toronto Blue Jays in 1980 and '81 and helped develop the talent that produced five division titles and two World Series championships, died at 89.

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Cuba strikes back at American mission Cuba retaliated for the US diplomatic mission #39;s Christmas display supporting Cuban dissidents by putting up a billboard Friday emblazoned with photographs of American soldiers abusing Iraqi prisoners and a huge swastika overlaid with a

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Report: Bertuzzi Near Plea Bargain VANCOUVER (Sports Network) - Vancouver Canucks forward Todd Bertuzzi is close to reaching a plea bargain in his assault case, according to the Vancouver Province.

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U.S., Europe at Odds on Emissions Controls (AP) AP - Negotiators worked through the final day of a two-week U.N. conference Friday in search of a way to bring the United States back into long-term talks on controlling global warming. A key European official saw a "50-50" chance of compromise.

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Knauss Tests Positive for Nandrolone VIENNA (Reuters) - Austrian skier Hans Knauss, 33, has tested positive for the anabolic steroid nandrolone.

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EU and Turkey Seal Historic Deal on Entry Talks BRUSSELS (Reuters) - The European Union and Turkey struck an historic deal on Friday to start talks next year on admitting the vast Muslim nation to the bloc after last-minute haggling over Ankara's relationship with EU member Cyprus.

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Circuit City cautious on outlook Circuit City Stores posted a narrower quarterly loss from continuing operations on Friday but said the outlook was cautious for the current quarter, which includes the key holiday season.

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No Real Disruption Seen for Big Lender or Mortgage Market Fannie Mae, the giant mortgage finance company, will probably not face major business disruptions from the \$9 billion write-off that federal regulators are requiring it to take, analysts and investors said yesterday.

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Euro Disney shareholders back capital increase Shareholders in French theme park operator Euro Disney (EDLP.PA: Quote, Profile, Research) on Friday backed plans for a capital increase of at least 250 million euros as part of a crucial restructuring effort.

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Microsoft to Create Security Suite? Microsoft announced today that it had bought New York software company Giant Company Software, which produces a robust anti-spyware tool.

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Massive IE phishing exploit discovered A vulnerability researcher posted details of a dangerous Internet Explorer (IE) flaw on Thursday that allows phishers to spoof Web sites more realistically than ever before.

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Zafi.D Infects 1 in 10 E-mails which spreads through e-mail that appears to contain a holiday greeting -- infected as many as 10 percent of all e-mail traffic at one point this week.

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Michael Walchhofer wins super-G as Austrians finish in top three VAL GARDENA, Italy (CP) - Michael Walchhofer and the Austrian quot;Wunderteam quot; restored skiing to its normal pecking order Friday.

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Benitez pleased to have avoided Italian team in draw Rafael Benitez says he is happy Liverpool have avoided an Italian team after being drawn to play Bayer Leverkusen in the Champions League.

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US aid enters Indonesia BANDA ACEH, Indonesia -- After the devastation wreaked by the seas, a deluge from the skies deepened the misery for tsunami-stricken areas yesterday, triggering flash floods in Sri Lanka that sent evacuees fleeing and increasing the threat of deadly disease as survivors shivered in relief centers. The death toll was likely to hit 150,000.

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White Sox claim Jenks off waivers The Chicago White Sox claimed right-hander Bobby Jenks off waivers from Anaheim on Friday and designated righty Eduardo Villacis for assignment.

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Our say: District pols strive to lose baseball, embarrass city IF THE District of Columbia were conducting an abstract debate over whether sports stadiums should be built with as much private financing as possible, we #39;d side with DC Council Chairman Linda Cropp.

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Afghan troops storm siege prison KABUL (BBC) -- Afghan troops have stormed the main jail in the capital, Kabul, after an escape bid by inmates escalated into a day-long siege that left several dead.

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NASA Readies "Deep Impact" Craft for Comet Smash Scientists said the launch of NASA's Deep Impact mission has been delayed until at least January 12. The mission's goal is to smash a spacecraft into a comet on July 4, 2005.

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Holiday Sky Show: Five Planets to Shine in Predawn For the next few weeks sky-watchers can spot Mercury, Venus, Mars, Jupiter, and Saturn in the same nighttime sky. The planets won't be visible together to the naked eye again until 2016.

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Philips to sell monitor, part of flat TV ops to TPV (SINGAPORE) Dutch electronics giant Philips said on Thursday it will sell its OEM monitor business and part of its flat-screen TV operations to Taiwan #39;s TPV Technology for US\$350

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MS buys anti-spyware GIANT Having been plagued with e-bugs, Bill and the Boyz say theyll use intellectual property and technology assets from the acquisition to provide Microsoft Windows customers with new tools to help protect them from the threat of spyware, and other

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No Regrets, Says Departing NASA Boss NASA (news - web sites) #39;s departing boss, Sean O #39;Keefe, said Friday he does not regret canceling the last shuttle mission to the Hubble Space Telescope

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Equity analysts: Record inflows may lift stocks SANTA ROSA, Calif. -- World stock markets may rise in January, lifted by flows into mutual funds that are poised to match the record pace set at the beginning of this year, according to Charles Biderman, president of TrimTabs Investment Research.

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Update 4: Parmalat Owes Almost \$26B to Creditors Italian dairy giant Parmalat SPA owes nearly \$26 billion to creditors including many big international banks, a judge ruled Friday in a decision that will affect who will become a shareholder in the reorganized company.

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Video Search Gains Momentum To help users find media files of all kinds, Yahoo and Blinkx this week went live with video search tools, adding to a cluster of services that includes the SingingFish streaming media offering.

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White Sox claim Jenks off waivers, designate Villacis Jenks was the Angels #39; fifth-round pick in 2000, but he has been limited by injuries the past two seasons. Jenks was 0-2 with a 10.71 ERA in four games for Triple-A Salt Lake and Class A Rancho Cucamonga before being shut down with elbow problems.

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6 Palestinians killed in Gaza raid GAZA CITY, GAZA STRIP - Six Palestinians were killed when Israeli troops raided a Gaza refugee camp on Friday in retaliation for militant attacks on a Jewish settlement in the past week.

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Search Engine Forums Spotlight Links to this week's topics from search engine forums across the web: Live from SES Chicago 2004 - White Hat/black Hat SEO Panel - So Now You Can Search Videos - Google Wins Major Legal Victory vs. Geico - Google Suggest Beta - The Dark Side of Exchanging Reciprocal Links

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Shopping Cart Search Engine Optimization Shopping Cart Search Engine Optimization\\I had a few interesting conversations about shopping carts last week. (Note to Yahoo, anyone who has two interesting conversations about shopping carts in the same seven-day period needs better online entertainment options. Please step up the pace.) Actually, shopping carts are fairly interesting, ...

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Funds close out 2004 with strong showings NEW YORK -- Wall Street's fourth-quarter rally gave stock mutual funds a solid performance for 2004, with small-cap equity funds and real estate funds scoring some of the biggest returns. Large-cap growth equities and technology-focused funds had the slimmest gains.

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The Chocolate-Coffee Conundrum If coffee chains used better chocolate, Lawrence Meyers argues, they'd sell more coffee.

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Stocks End Lower as Pfizer and Oil Weigh NEW YORK (Reuters) - U.S. stocks closed lower on Friday, weighed down by a number of negative reports from top drug makers, including Pfizer Inc. <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=PFE.N target=/stocks/quickinfo/fullquote">PFE.N</A>, and a \$2 jump in the price of crude oil.

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UAL Corp. Seeks Bankruptcy Exit Financing CHICAGO (Reuters) - United Airlines has begun reaching out to potential lenders with its revamped business plan for financing to leave bankruptcy, the company said on Friday.

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Arthritis drug a heart attack risk, study finds United States drug giant Pfizer says a trial has found a sharp rise in heart attacks for patients using its blockbuster Celebrex arthritis and pain medicine.

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Survey: FDA scientists question safety Two-thirds of Food and Drug Administration scientists surveyed two years ago lacked confidence that the FDA adequately monitors the safety of prescription drugs, a report released Thursday shows.

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InterContinental to Sell 13 Hotels InterContinental Hotels Group Plc (IHG.L: Quote, Profile, Research) said on Friday it was selling 13 hotels to Hospitality Properties Trust (HPT.

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Dolphins to Interview Minority Candidate (AP) AP - The Miami Dolphins will put their courtship of LSU coach Nick Saban on hold to comply with the NFL's hiring policy by interviewing a minority candidate, a team source told The Associated Press on Friday.

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Titans' McNair to Sit Out Rest of Season (AP) AP - Tennessee quarterback Steve McNair will miss the final three games of the season and undergo surgery to strengthen the bruised sternum that has plagued him most of the year.

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Microsoft Might Not Fully Benefit from Purchase It #39;s only natural that Microsoft would want to develop and sell software supplemented by technology from its latest acquisition, anti-spyware company Giant Company Software.

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Apple #39;s iTunes Hits 200 Million Mark News that Apple has sold 200 million songs over its iTunes online music store came amid rumors that the company would collaborate with Motorola to launch an iPod phone in the first half of next year.

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Vince Carter Traded to Nets (Reuters) Reuters - The Toronto\Raptors have traded All-Star swingman Vince Carter to the New\Jersey Nets in exchange for center Alonzo Mourning, forward\Eric Williams, center/forward Aaron Williams and two first-\round draft picks.

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Titans QB to sit out final three games, undergo surgery for <b>...</b> Tennessee quarterback Steve McNair will not play the final three games of the season and will have surgery to strengthen the bruised sternum that has plagued him most of the year.

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European stock exchanges run out of steam at week's end (AFP) AFP - European stock exchanges retreated, weighed down by end-of-the-year profit-taking and amid concern over possible interest rate hikes in the United States.

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Sharon Strikes Deal With Opposition Labor Party Prime Minister Ariel Sharon struck a deal with the opposition Labor Party tonight to join his Likud government, which is likely to insure that Mr.

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Vince Carter Traded to Nets EAST RUTHERFORD, N.J. (Sports Network) - The Toronto Raptors have traded All-Star swingman Vince Carter to the New Jersey Nets in exchange for center Alonzo Mourning, forward Eric Williams, center/forward Aaron Williams and two first- round draft picks.

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Senator to Revisit Judicial Travel Ethics (AP) AP - Sen. Patrick Leahy, contending a judicial panel has weakened ethics rules for judges who accept corporate-sponsored trips, said Friday he plans to reintroduce legislation to define standards.

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IRS Releases Tax Tables for New Deduction (AP) AP - Making big splurges this holiday season? The IRS released tax tables Friday to help taxpayers calculate whether they would benefit from a new sales tax deduction.

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Israeli 'Copter Fires Missile Into Gaza -Witnesses GAZA (Reuters) - An Israeli helicopter fired a missile at an unknown target in Gaza City on Friday, witnesses said, hours after troops killed eight Palestinians in southern Gaza. There were no immediate reports of casualties.