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FED OFFICIAL SEES EASING INFLATION, BUT CONCERNS ABOUT PRICES REMAIN: Federal Reserve Bank of San Francisco President Janet Yellen said Monday that while she remains concerned about the current level of inflation, she believes the present stance of monetary policy appears well suited to bring those pressures back in line over time. "I do want to see inflation move down, but I believe policy may now be well-positioned to foster exactly such an outcome while also giving due consideration to the risks to economic activity," Ms. Yellen said in comments prepared for delivery before the California Independent Bankers 16th Annual Convention in Laguna Beach, Calif. Wall Street Journal

GM CERTIFIED USED VEHICLES OFFERS FINANCING INCENTIVE: GM Certified Used Vehicles has kicked off a nationwide fall rate-incentive program for select GM vehicles. The new rate incentive went into effect last week and will last until Jan. 2, 2007. It provides well-qualified buyers with GMAC 3.9 percent or 5.9 percent APR financing for up to 60 months on select GM Certified Used Vehicles purchased from participating dealers. Auto Remarketing

NATIONALEASE, AMERIQUEST TO MERGE: One of largest leasing networks in North America has signed an agreement to merge with AmeriQuest Transportation and Logistics Resources Corp.Under the agreement with NationaLease Purchasing, AmeriQuest will be the provider of purchasing and value-added services and will have annual revenues in excess of $500 million...Upon completion of the merger, the leasing members of both AmeriQuest and NationaLease will unite to form one of the largest full-service leasing systems in North America. Today's Trucking

GM: THINGS ARE ABOUT TO GET NASTY: So it begins. Billionaire Kirk Kerkorian, who owns 9.9% of General Motors' (GM) stock, may be drawing up battle lines for a proxy fight with the troubled automaker.Just a few days after GM's board unanimously voted down Kerkorian's proposal to get the carmaker in an alliance with Renault-Nissan (NSANY), the billionaire's liaison to the board, Jerome York, abruptly quit. Business Week

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