Sue Luallin and Deborah Smith Join Century 21 Team
Sue Luallin and Deborah Smith joined Century 21 Graystone Realtors as sales associates, focusing on residential sales in Baytown and nearby areas. Broker Delores Klaus says the move strengthens the Baytown market presence as Century 21 expands. For more information, call (281) 420-2262.
MENTIONED IN THIS ARTICLE
Sue Luallin
Deborah Smith
Century 21
Graystone Realtors
Baytown
Sue
Deborah
Delores Klaus
Call
Stocks rise on retail results and tensions dampen rally
Wall Street edged higher after Wal-Mart and Yahoo! posted stronger holiday sales, lifting sentiment but late session selling trimmed gains. Dow +52.73 to 10088.07, S&P +4.72, Nasdaq +16.22 amid ongoing India Pakistan tensions and oil price expectations.
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Enron losses hit Texas retirement funds hard
Austin AP reports Texas retirement funds for teachers and state employees lost about 59.7 million from Enron holdings. The Teachers Retirement System bought 9 million in Enron stock weeks before bankruptcy. ERS and other funds sustained smaller losses while the Permanent School Fund booked profits from earlier sales. Ballard cited missteps and the volatile Enron stock as a costly lesson for public fund managers.
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Enron Donates to Democrats Before Bankruptcy Filing
Enron Corp donated $100,000 to the Democratic Senate campaign group a week before filing for Chapter 11 bankruptcy. The company, which had directed about 90 percent of its prior contributions to Republicans, also hired high profile Washington lawyer Robert Bennett. Bennett said such donations reflect corporate political realities and noted the funds to the Democratic committee were given via checks on November 25 and 26. Enron filed for bankruptcy protection on December 7.
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OPEC poised to cut output as oils surge above $21
Oil prices jumped with crude futures ending at 21.27 a barrel after OPEC officials signaled a production cut at Friday Cairo talks. Saudi minister Ali Naimi said a 100 percent chance of a cut exists with plans to reduce 1.5 million barrels per day, aided by non-OPEC pledges totaling 462,500 barrels daily.
MENTIONED IN THIS ARTICLE
NEW York
Organization of Petroleum Exporting Countries
Cairo
Egypt
New York Mercantile Exchange
Ali Naimi
OPEC
Naimi
OPEC Signals Production Cuts This Winter
Oil prices hovered 18 to 21 dollars a barrel since November as OPEC members weigh larger output cuts and pressure non-OPEC producers. Analysts expect a near certainty of cuts with Ali Rodriguez stating production restraints will run from January 1 and continue as long as necessary.
MENTIONED IN THIS ARTICLE
Mike Fitzpatrick
Fimat USA, Inc
Naimi
OPEC
Ali Rodriguez
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