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Wall St. Breakfast's Pre-Market Snapshot:

U.S. Futures

As of 7:45 AM ET

S&P 500: +9.10; 1,426.90
NASDAQ 100: +12.50; 2,018.00
Dow: +82; 12,898

International Indexes

Asia
NIKKEI 225: 14,888.77 [11/22]
HANG SENG: +2.06%; 26,541.09 (+536.17)
SHANGHAI SE COMPOSITE: +0.96%; 5,032.13 (+47.97)
BSE SENSEX 30: +1.76%; 18,852.87 (+326.55)

Europe
FTSE 100: +0.84%; 6,207.20 (+51.90)
CAC 40: +0.74%; 5,456.22 (+40.12)
XETRA-DAX: +0.25%; 7,580.69 (+18.59)

Commodity Futures

(Reuters/Jefferies CRB)

Oil: -0.95%; $96.37 (-$0.92)
Gold: +1.44%; $810.10 (+$11.50)
Natural Gas: +1.85%; $7.69 (+$0.14)
Silver: +0.94%; $14.555 (+$0.135)

U.S. Breaking News

see today's Wall Street Breakfast for earlier news

Judge Rules In Favor of Broadcom in Qualcomm Patent Infringement Case

Handset chipmaker Broadcom Corp. reported Friday that an earlier verdict against Qualcomm Inc. that stated it has been violating on three Broadcom patents was backed by U.S. District Court Judge James V. Selna. In September, Selna had decided to reconsider his decision on double damages and attorneys' fees (full summary). As a result of this latest ruling, Broadcom "will now seek to enjoin Qualcomm from making, using, selling and developing third generation (3G) WCDMA and EV-DO cellular chips that infringe any of the patents." Broadcom also accepted the $19.6 million in damages owed it Qualcomm and will not seek further damages. Neither companies' shares had been traded in pre-market action at press time (7:20 ET AM).


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Asian Headlines

(via Bloomberg.com)

Asian Stocks Gain for First Time in Seven Days; ICBC, CNOOC Lead the Climb Asian stocks rose for the first time in seven days, trimming a regional index's worst weekly loss in three months.

Indian Sugar Mills Face Losses as Biggest Producing State Sets Cane Price Indian sugar makers, battered by falling prices of the sweetener, face more losses after the nation's biggest producing state forced them to buy cane at above market prices.

Dollar Falls Below 108 Yen as Credit Market Losses May Spur Fed Rate Cut The dollar dropped below 108 yen for the first time since 2005 and fell to a record low against the euro on speculation U.S. credit-market losses will prompt the Federal Reserve to lower interest rates.

HSBC to Adjust Salaries in Hong Kong on Inflation, Asia CEO Flockhart Says HSBC Holdings Plc, Europe's largest bank, will make ``adjustments'' to the salaries of its Hong Kong staff, Sandy Flockhart, head of the bank's Asian division, said today.

CSCL Cleared to Raise Up to $1.9 Billion in Shanghai Initial Share Sale China Shipping Container Lines Co., Asia's second-largest cargo-box carrier, won approval for a Shanghai share sale valued at as much as $1.9 billion as it seeks funds to buy more ships.

Genting Shares Rise in Malaysia on Plan for $239 Million Special Dividend Genting Bhd., Asia's largest listed casino operator, rose the most in a month in Kuala Lumpur trading after the company proposed an 807 million ringgit ($239 million) special dividend.

European Headlines

(via Bloomberg.com)

U.K. Economic Growth Unexpectedly Slows as Services, Manufacturing Falter U.K. economic growth unexpectedly slowed to the weakest pace in a year during the third quarter as service industries cooled and factory production stalled.

Stocks in Europe, Latin America Rise; Drugmakers, Utilities Pace Advance Global stocks advanced as investors speculated four weeks of declines may be overdone given the outlook for earnings growth, while gains in metal prices lifted mining shares. U.S. index futures increased.

Airbus May Cut Research Spending as Dollar's Decline Passes `Pain Barrier' Airbus SAS may slash research spending to reduce costs as the dollar's decline becomes ``life threatening'' for the world's largest planemaker, Chief Executive Officer Tom Enders said.

HSBC Misled Investors Over Management Pay Plan Targets, Knight Vinke Says HSBC Holdings Plc, Europe's largest bank by market value, misled investors over a new share plan to reward management which is payable next year, according to Knight Vinke Asset Management LLC.

Qinetiq Share Sale to Carlyle Mishandled by U.K. Government, Auditors Say The U.K. government mishandled the sale of defense research group Qinetiq Plc, allowing U.S. private equity group Carlyle Group to pay a low price for its share and giving a ``mind-boggling'' reward to management, auditors and lawmakers said.

Network Rail First-Half Profit Rises 13% on More State Funding, Cost Cuts Network Rail Ltd., the government- backed owner of Britain's railways, said first-half profit increased 13 percent after it received more state funding and ended contracts with outside consultants and engineers.

Source: Pre-Market Snapshot