We must work out if one year of increased spending is enough to boost growth and brand positioning, or will 2007 guidance come under further pressure.

It's just been a phenomenal growth.

Domestic demand has been nowhere close to strong or impressive.

An acquisition looks financially viable and is in line with National Grid's stated U.S. strategy. National Grid has shown that it has a decent U.S. acquisition track record.

We have limited information on the disaster. Our immediate focus and concern are for the well-being and safety of Morgan Stanley employees.

We now think that (U.S.) crude oil could reach $61 before a meaningful sell-off occurs. Long-term price patterns point to even higher prices.