Stocks rebound as Dow slips into modest gain
New York stocks closed higher after a volatile session on light summer trading. The Dow Jones rose 22.81 points to 9340.45, erasing an earlier loss of 84.56, amid caution from Intel and mixed data on durable goods and consumer confidence.
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Consumer confidence rebounds in August economic mood shifts
Consumer confidence rose in August signaling relief from the prior dip as Americans view future conditions more positively. Government data showed July orders up across autos, machinery, communications equipment and computers, with strong transportation gains lifting overall demand.
Durable goods orders rise 1 percent in July
Commerce Department reports durable goods new orders increased by 1 percent in July, marking a second straight month of gains for the battered industrial sector. The report signals improving demand for big ticket products and hints at broader economic recovery.
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Washington
Commerce Department
Judge weighs unsealing Fastow hearing in Enron case
Houston Chronicle seeks public release of the transcript from a closed July hearing in the Andrew Fastow Enron fraud case. Defendants include Ben Glisan Jr and Dan Boyle, charged in a 109 count indictment alleging profit inflation and debt hiding through accounting tricks. The July 28 update on trial prep occurred in Judge Kenneth Hoyt's chambers.
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Houston Chronicle
Andrew Fastow
Enron Com
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Enron
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Kenneth Hoyt
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Associated Press
Birthday notices for Meghan BriAnne Dinwiddie Leif Erickson and Logan Lots
Daughters Meghan Brianne Dinwiddie daughter of Westey and Christine Dinwiddie of Oceanside California celebrates her third birthday with brother Daniel Harm in Highlands and grandparents Maryin Cathleen Harm and Harry Rosemary Dinwiddie. Leif Ellis Erickson son of Andi Ellis and Willie Erickson of Anshune turns one on August 27 with grandparents Jim Elinor Newton Staudt Kay Hale Carus Lilly Elis Bill Erickson and great grandparents Harold Ellis and Fran Richards. Logan James Lots son of Eddie and Whitney of Anahuac turns one on September 2 with two sisters and grandparents Eddie Emilee Nelson Patrick Verena Buckley Margie Davis Doris Lotz Hazel Sparkman and Lee Nelson plus extended aunts uncles and cousins named.
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Westey
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Oceanside
Calif
Daniel Harm
Highlands
Maryin
Cathleen Harm
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Baytown
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Reflections on Love and Gratitude from a Child
A note of enduring affection and faith expresses the writer's grateful remembrance of a motherly figure. The speaker cherishes daily blessings and thanks God for a guiding angel, signing with a warm farewell.
Gasoline price drop as crude futures rise on NYMEX
In New York gasoline futures tumbled while crude oil futures gained on the NYMEX. September gasoline fell about 3.6 cents to 1.0801 per gallon, October rose modestly as front month. October crude rose above 32 dollars, settling around 32.95 a barrel. Heating oil and natural gas futures also moved, with analysts citing margin hikes and cash-market easing as factors.
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New York Mercantile Exchange
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International Petroleum Exchange
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Energy Merchant
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Peter Beutel
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