Trading thin after blackout lingers on New York markets
Post blackout trading on Friday saw muted activity as lingering power, phone, and transportation problems kept traders home. NYSE opened with Bloomberg ringing the bell, Amex faced outages, and options trading was subdued though other exchanges moved. Dow up 0.1 percent, Nasdaq and S&P small gains amid a quiet session.
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New York
Wall Street
New York City
Michael Bloomberg
New York Stock Exchange
Amex
Paul Clemas
Information Technolo
NYSE
New Jersey
Consolidated Edison
Mike Lipkin
Exchange
Wade
Robert Walter
Investrade
Chicago
Bond Market Association
Chicago Mercantile Exchange
Bethany Sherman
Nasdaq
Scott Marcouiiler
A.G. Edwards
St. Louis
Standard & Poor
Amnex
Associated Press
Richard Drew
Richard Grasso
Daniel L. Doctoroff
Inflation and industrial gains lift economic mood
Consumer prices rose 0.2 percent in July marking a second straight gain and signaling inflation remained controlled. Industrial production jumped 0.5 percent in July the biggest gain since January aided by utilities, while the Fed left the funds rate at 1 percent.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Federal Reserve
Stuart Hoffman
PNC Financial Services Group
Fed
Tim O'Neill
National Association For Business Economics
Oil futures end lower as power outages roil NYMEX session
Crude, gasoline, and heating oil futures on the NYMEX slipped after a shortened session caused by widespread power outages. Brent traded near $28.81 while US gasoline briefly topped $1.92 per gallon on afterhours trading. Disruptions at Midwest and Canada refineries were limited, with Sunoco and Shell Canada reporting partial shutdowns and Tropical Storm Erika adding market pressure.
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NEW York
New York Mercantile Exchange
Nymex
London
International Petroleum Exchange
U.S
Midwest
Canada
Nce Nymex
Erika
Texas Gulf Coast
National Hurricane Center
Tulsa officials push to keep Citgo HQ in city
Oklahoma Governor Brad Henry and Tulsa Mayor Bill LaFortune say Tulsa’s low business costs will persuade Citgo Petroleum Corp to stay, despite reports the Venezuela owned firm may move headquarters to Houston. They plan meetings with Citgo officials and CEO Luis Marin as Houston negotiates. Economic losses and layoffs at major employers compound Tulsa’s concerns.
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Tulsa
Okla
Brad Henry
Citgo Petroleum Corp
Bill LaFortune
Henry
LaFortune
Citgo
Houston
Oklahoma
Texas
Citga
Venezuela
Petroleos de Venezuela SA
Williams Cos
WorldCom
American Airlines
John Sullivan
R-Okla
Luis Marin
Marin
University of Oklahome
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