Market stalls amid accounting concerns
Wall Street could not rebound as investors stayed wary amid accounting fears following Enron scandals. Trading ranged through the session and closed modestly lower with the Dow at 9,685.43. The S and P 500 slid to 1,090.02 and the Nasdaq composite fell 17.05 amid possible economic stimulus delays.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Enron’s
Senate
Hugh Johnson
First Albany Corp
Enron
Standard & Poor
Dow Industrials
Dow Transportation
Dow Utilities
Russet
Wilshire
Ineod
Oscan
Fs Aweha Ac
Rydex Investor
Rydex
Factory orders rise 1.2 percent in December
December factory orders gained 1.2 percent after a 4.3 percent drop in November signaling a potential end to the manufacturing recession. Strong demand for semiconductors appliances and machinery aided the uptick as officials noted improvement amid ongoing market concerns from Enron and Tyco.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Reces
HP Compaq set March dates for shareholder votes
Hewlett Packard and Compaq plan to ask shareholders to approve their $23 billion merger on March 19 and March 20 in Cupertino and Houston, aiming to finish the deal if U.S. antitrust clearance arrives. Walter Hewlett campaigns against it, arguing risks in becoming a dominant commodity PC seller as HP stock trades near $21.75.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Hewlett- Packard Co
Compaq Computer Corp
Securities and Exchange Commission
Hewlett and Packard
Cupertino
Carly Fiorina
Walter Hewlett
Hewlett
Compaq
Houston
Rebeca Robbey
New York Stock Exchange
Dow Jones Index Movement Confusing Market Note
The Dow Jones Industrial Average stands at 9,685.43 points with a change of 0.52 points from the prior reading. The brief market update offers little context and lacks surrounding details for interpretation.
Oil futures slip as Venezuela says refinery shutdown planned
New York oil futures closed lower after late technical covering and talk of Venezuela curbing output. Venezuela plans to shut a 108000 bpd fluid catalytic cracker for maintenance at Amuay refinery for a month, potentially Friday. March crude settled at 20.07 a barrel, heating oil at 53.69 cents a gallon. API data showed crude stocks up, distillates lower. Iraqi exports steady at 1.93 million bpd week to Feb 1, last two months down about 25 percent. UN says Iraq ready to resume sanctions dialogue, possibly easing tensions. March gasoline fell to 58.52 cents a gallon. natural gas at 2.074 per 1000 cu ft. Brent crude in London at 19.56. API reported crude inventories up 978000 barrels to 315.9 million for week to Feb 1. distillates down 1.2 million to 140.2 million. gasoline down 160000 to 215.9 million.
MENTIONED IN THIS ARTICLE
Bt Marve
Seatche Ach
Ashanti
PelicanFr
Firstery Ts
Brolam
Wie Ale
Oresil
Ate
GmbriCps
Action Prt
BellSouth
Pas
OooPet NY
Smiths
PYR En
Artares
Adrade Nasd
EU Men
Intell
MediaBay
NY A A
Oe Asa
Seven Seas
Vineyd
Ani Ne
Penney
RoweCos
Mrap
Tg Aa
Corian
BESS
Penzios
Wwell
Amed Sec
AMDLO
Entrust
Cheviftex
Popsito NY
Imirssves
Biondt
Pfizer
Lancer
Cte
Phamacia
Cec Vork
Blair
Morgan
Neatelc
SpmiFcs
Allegan
DuPont NY
Scheight Ny
Asa
ADF Southocos NY
Pee Eet NY
SwstAid NY
Wore
Djia Dian
Cisco
GenElec
SunMicro
Sptech
Cienato
Usilev
Ag Lucent
BM NY
Wits
Bas
JDS
Veritas
AOL
Massy
westCm
Ventas
WordCom
Wrochan
Ian Prot
Jeosako Hess Renee i
NEW York
New York Mercantile Exchange
Venezuela
Petroleos de Venezuela SA
Amway
John Kildart
Fimat USA Inc
American Petroleum Institute
United Nations
Iraq
U.N
U.S
London
North Sea
Reliant Delays Earnings Release And Restates 2001
Reliant Resources says it will restate its 2001 second and third quarter earnings due to misclassified gas and power transactions. The company plans to report amended figures soon, boosts 2001 Q2 and Q3 by 100 to 130 million, and lowers 2002 forecast to 1.80 from 2.00. It will not sell Western European trading assets amid weak offers.
MENTIONED IN THIS ARTICLE
Reliant Resources
Reliant Energy
Tyco
Houston
Reliant Resources, Inc
Sandy Frohman
Reliant
Frohman
Also Mentioned on This Page
Lisa Singhania
The
Associated Press
Sion
Richard Yamarone
Argus Research Corp
Hat Street Journal
Brian, Belski
US Bancorp
Piper Jaffray
Ciena
General Electric
Dow Jones Industrials
CapCom
Ares
Wee
Joseph. H. Smith
Rollingbrook Drive
Baytown
Texas
Royce L. Sedotal
M.D
S. Broadway
la Porte
the Bartown Sun
Jennifer
Edward Jones
Ssionals, Inc
Stephen ¥. Takach
Alexander
SIPC
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