Today's News and Notes

Here are some news and notes for this morning:

• Adv. Q4 GDP +3.5% vs 3.0% consensus
• Employment Cost Index 0.8% vs 0.9% consensus
• Asian markets down overnight
• China tumbles most in 21 months; Toyota declines
• BFAM Family Solutions profiled in Heard on the Street - WSJ
• Sony sees gaming losses growing in 2007
• Time Warner reports in-line; guides below consensus
• Deutsche Bank AG profiled in New America section of IBD
• NMX beats by $0.08; stock flat
• Boeing beats by $0.19, ups FY07 EPS guidance
• NTRI reports weak qtr; stock plunges further
• GOOG above $500 mark ahead of earnings
• Oil and Gas stocks upgraded to Buy at Oppenheimer
• NYSE Group and Tokyo Stock Exchange confirm strategic alliance
• Time Warner still in talks with Liberty about swapping assets
• SIRF tgt raised to $38 from $34 at RBC
• U.S. Steel target raised to $113 from $104 at Goldman
• NYMEX sets daily volume records for natural gas futures on CME Globex
• Paulson says China moving toward more Yuan flexibility but not fast enough
• Altria to spin-off Kraft Foods

long GOOG