S&P Posts Best Quarter Since 1998 Despite Small Losses
New York stocks ended a volatile quarter with the S&P 500 up 14.9 percent for April through June, its best quarter since late 1998, while the Dow and Nasdaq also posted strong quarterly gains. Traders cited fund window dressing, tax cuts, lower energy costs, and a Fed rate cut as supporting factors.
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Wall Street
Standard & Poor
S&p
Dow
America
Iraq
Federal Reserve
Arthur Hogan
Jefferies & Co
Associated Press
Akira Ono
Anthony Riccio JR
New York Stock Exchange
Dow Jones Industrals
Enron granted extension to file reorganization plan
A New York bankruptcy judge granted Enron Corp an July 11 deadline to file its reorganization plan. The plan outlines creditor repayment from asset sales and stock in successor firms in pipelines utilities and international power. Most creditors would receive under 20 cents per dollar. The extension aims to avoid costly litigation from late adjustments.
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Enron
New York
Enron Corp
The
Wall Street Journal
Mark Palmer
Arthur J. Gonzalez
TI plans 3B Texas semiconductor plant near Dallas
Texas Instruments said it will build a 3 billion dollar semiconductor plant on land near Dallas in Telecom Corridor, creating about 1000 jobs once complete. Groundbreaking is targeted for year end 2005 with an 18 month build. The project includes 135 million in state support to the University of Texas at Dallas to expand research facilities. Washington-backed politics, and TI’s global plant plans, highlight a cautious tech recovery as chip demand rises modestly.
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Richardson
Texas
Texas Instruments Inc
Dallas
Telecom
Rick Perry
Kay Bailey Hutchison
R-Texas
University of Texas At Dallas
University
Texas Instrument
Semiconductor Industry Association
Thomas Engibous
Engibous
Crude prices rise as Nigeria strike and storm aid rally
Crude futures climbed on Monday amid a Nigeria general strike and Tropical Storm Bill along the U S Gulf Coast prompting hedging. Traders feared supply disruption if the strike widens or a refinery shutdown occurs, though the storm weakened and hurricane watches were discontinued. Prices ended higher with August Nymex light crude at 30.19 a barrel and Brent at 28.33.
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New York
Dow Jones/AP
Nigeria
U.S. Gulf Coast
Ed Sitliere
Energy Merchant Corp
John Kilduff
Fimat USA Inc
Kilduff
Nymex
London
International Petroleum Exchange
Brent
NorthStar Oil Corp
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