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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Aug 25, 2004
Page
6
The Picnic Basket, owned by Teresa Franklin and Melody Mahe, opened Aug 16 on State Highway 146 Business across from McDonald’s. The menu features sandwiches, soups, salads, and desserts with daily lunch specials on Saturdays and Mondays. Delivery available.
A federal class action accuses Belo Corp of defrauding stock buyers by overstating The Dallas Morning News circulation. The suit alleges misrepresentations by Belo and two executives inflated financial results and stock value. Belo disclosed a 5 percent Sunday and 1.5 percent other-day overstatement and said it will pay 23 million dollars to advertisers who overpaid.
New York stock market mixed as oil prices retreat below 45 dollars a barrel. Tech shares slip after Cisco downgrade while Caterpillar gains on an upgrade. Investors fear higher oil costs could pressure fourth quarter earnings, with low August volume cooling conviction.
New York markets saw declines in gold, silver, coffee, and cocoa as a stronger dollar and lower oil weighed on prices. December gold on Comex settled at 405 an ounce, down 7.80, near 12 from Friday. Silver hit seven day lows around 6.54, while spot gold slipped to 402.15. Arabica coffee futures also fell but recovered slightly from earlier gaps.
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