Dow climbs past 11,000 as oil slides and retail gains
The Dow Jones Industrial Average jumps 136.07 points to 11,028.39, its first close above 11,000 since Jan. 12, with the S&P 500 up 12.67 to 1,275.53 and the Nasdaq rising 22.36 to 2,262.17. Oil dips below 60 dollars a barrel improving market mood amid Bernanke’s Capitol Hill debut.
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Witness: Skilling set targets and expected results
Former Enron top trader Kenneth Rice testified that Jeffrey Skilling set earnings targets to please Wall Street and then demanded division heads meet them. Rice described the broadband unit as overhyped with losses, noting Skilling instructed limiting 2001 losses to 65 million. He recalled Skilling’s habit of declaring the numbers as fact.
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Multiple Burglaries Reported Across City Blocks
Police report several burglaries last weekend and weekday across city areas. In Sanford’s 8000 block a home was broken into between 3 and 9 a m with a semi-automatic handgun missing. Bay Terrace in Nolan 1500 block saw an 8 a m to 3 p m Monday burglary taking two 12 inch Kick subs. Northwood 900 block residence burglary between 2 and 4 p m Monday for a 20 inch television a Playstation 2 and four games. Best Value Inn 3900 block Garth reported theft of bedding and an iron valued at 125 dollars. Sweet Gum 10000 block pickup tailgate stolen between 9:30 p m Saturday and 8 a m Sunday.
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Bay Terrace
Nolan
Northwood
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Car stolen from Stimpson area in Baytown
A blue 1993 Ford Escort station wagon was stolen from the 500 block of Stimpson between 8 p.m. Sunday and 7 a.m. Monday. The owner lacked license plate and VIN details. Between 6 a.m. Monday and 6 a.m. Tuesday Baytown police handled 158 calls, including 14 alarms and three auto thefts. Crime Stoppers offers cash tips, anonymous calls at 28-427-TIPS, with more details on the City of Baytown site.
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