Court will wait to rule on CBOT rights

(Reuters) - CME Group Inc., the world's largest futures exchange, was created with the merger of CBOT Holdings Inc. and Chicago Mercantile Exchange Holdings Inc. in July. The CBOE is the largest U.S. options market.




The exercise rights allow full members of the Chicago Board of Trade to trade options on CBOE without owning CBOE membership.


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U.S. Senate report faults SEC on hedge fund probe

(Reuters) - The report from the Senate Finance and Senate Judiciary
committees, released late on Friday, ends a year-long inquiry
into the dismissal of former SEC staffer Gary Aguirre.




Aguirre says he was forced out of the agency after a probe
he was leading got too close to prominent Wall Street banker
John Mack. His claims prompted three Senate hearings and drew
heavy press coverage.


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Panic-buying as S.African petrol wage talks resume

(Reuters) - A six-day-old strike by South African fuel workers caused petrol shortages and panic-buying on Saturday when wage talks resumed.

Motorists were queuing up to 30 minutes to fill up at the few petrol stations that had not run dry.


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Wells Fargo, other US lenders curb mortgage loans

(Reuters) - Wells Fargo & Co, Wachovia Corpand other lenders are limiting mortgages to some of their more creditworthy borrowers as worries about U.S. homeowner defaults widen.

Wells Fargo, the second-largest U.S. mortgage lender, said it is curtailing issuance of "Alt-A" home loans through brokers, while Wachovia has stopped entirely. Wachovia also said one lending unit has temporarily halted its Alt-A production.


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