Conflicting economic data leave stocks mixed on wall street
Wall Street ended February mixed as a tech selloff met buying in consumer goods. The Dow rose to 10,583.92 while Nasdaq slipped 0.1 percent to 2029.82. S&P 500 barely rose. GDP beat forecasts at 4.1 percent in Q4 2003 amid weak consumer sentiment at 94.4. Analysts cited earnings, data ambiguity, and upcoming jobs data as market drivers.
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Wall Street
Larry Wachtel
Wachovia Securities
Wachtel
Standard & Poor
Commerce Department
United States
University of Michigan
Scott Wren
A.G. Edwards & Sons
Dow Industrals
Pas Ia
Dow Transporation
NYSE
S&p
S&p MidCapems
Russel
Wilshire
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Win Init
Obj
Sins
Aeron
Jamerican
AcWshop
Magelin
Janus
Ate Hide NL
Eydex
Nova Lo
Rydex Tovestor
AE AG
Sherer
Denes Tervestad
Howard Serton
Prosecution Seeks Enron Executives Homes in Forfeiture
Federal prosecutors seek to seize lavish homes tied to Enron figures Jeffrey Skilling and Richard Causey as part of broader forfeiture actions. Skilling's 4.7 million Mediterranean mansion and Causey's 950,000 red brick two story stand out among assets alleged bought with tainted funds.
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Houston
Enron Corp
Jeffrey Skilling
Richard Causey
Skilling
Causey
Airline's work force grows in Mexico
AMR Corp the parent of American Airlines is expanding its workforce in Mexico adding about 130 reservation agents to handle calls from Spanish speaking customers in the United States and Latin America. The company also said its San Juan Puerto Rico call center will close this spring impacting about 100 workers and has closed reservation offices in Las Vegas Norfolk Virginia and St Louis over the past year affecting around 1400 jobs.
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Washington
American Airlines
Mexico
United States
AMR Corp
Latin America
Fort Worth
NPS approves eighth gas well on Padre Island Seashore
National Park Service authorizes BNP Petroleum to drill Padre Island Seashore's eighth natural gas well while capping total park round trips at 20 to limit visitor disruption. Critics including Sierra Club blame Bush administration for promoting oil over renewables.
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San Antonio
Coastal Bend Energy Company
Padre Island National Seashore
National Park Service
Corpus Christi
BNP Petroleum
Barrier Island
Darrell Echols
National Park
Bush
Chris Wilhite
Sierra Club
Southern Plains
San Antonio Express- News
Associated Press
Economy grows 4.1 percent in Q4 2003 boost hopes for jobs
The Commerce Department reports a 4.1 percent annualized gain in GDP for October December 2003, revised up from 4.0 percent. Business investment in equipment and software rose 15.1 percent, aiding the upgrade. Wall Street rose modestly as investors eyed brighter growth and potential job gains. Analysts expect continued 4 plus percent growth into 2004 with tax incentives and refunds aiding demand.
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Washington
Commerce Department
United States
Mark Zandi
Economy.com
Wall Street
Econo
Bush
Janary
Federal Reserve
Alan Greenspan
Rick Egerton
BMO Financial Group
U.S
Gasoline futures rise on expiring March contract six month high
March gasoline expired at a six month high on the New York Mercantile Exchange as traders covered positions ahead of delivery. Front month quotes reached $1.1080 a gallon, with April contracts also rising, boosted crude oil futures and a cautious outlook ahead of a fresh front month.
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NEW York
New York Mercantile
London
International Petroleum Exchange
Nymex
DeCarlo Larry
ABN Amro Inc
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