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Baytown Sun in Baytown, Texas

08 Jul 2003

Page 5

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Jul 08, 2003

Page

5

Dow climbs on earnings optimism and tech rebound

Wall Street rose as second-quarter earnings expectations spiked. Microsoft fueled gains with a possible $10 billion special dividend while Goldman Sachs boosted tech spending optimism. Dow up 146.58 to 9216.79. Nasdaq above 1700 for first time since May 2002. S&P 500 up 18.72 to 1004.42.

MENTIONED IN THIS ARTICLE

New York Microsoft Goldman Sachs Michael Murphy Wachovia Securities Baltimore Dow Standard & Poor Wall Street Larry Wachtel Prudential Securities Financial Times Wachtel Dow Jones Goldman Laura Conigliaro Intel Cisco Systems Morgan Stanley Merrill Lynch First Albany Kroger Sanford Bernstein Alcoa Dow Industrial Ricnent Dennis Ward New York Stock Exchange Landiyste Apki Matl Wasd Lubrzo Ashland Locont EuroTess Alma Nasd Lyme PLO Bk Cf Am Marth NY BelSoutit Ny A Asa Calpine Penney PepsiCo Pfizer Mao Relais Bilal SeteroPt NaviSite Disney PAZ Schim As Kindthwib WWE BowChm NY DuPont Nash Pe ThkeEgg NY Solutia SoustinGo NY EnPro NY Oracle Goodrich Unilevny NY JOS Unionesi Aliby S Aid Qualcom Hewes Ussizes Org DellCpr Wests
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Qwest Settles Fraud Suit for 3.75 Million in Arizona

Phoenix AP Qwest Communications will pay 3.75 million to Arizona and restitution to consumers to settle a fraud lawsuit. Denver based Qwest covers state costs and funds a consumer education program. The agreement bans cramming and requires written confirmations and new disclosures of wireless terms, with limits on transfers of consumer calls.

MENTIONED IN THIS ARTICLE

Phoenix Qwest Communications Arizona Terry Goddard Denver Qwest
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Judge approves WorldCom 750 million settlement

Federal Judge Jed Rakoff approved a 750 million settlement between WorldCom and federal regulators, preserving 50,000 employees. The agreement increases the prior 500 million fine to punish past fraud while avoiding company liquidation. The deal includes an ethics pledge from the new CEO and continued court monitoring to prevent recurrence.

MENTIONED IN THIS ARTICLE

WorldCom Washington WorldCom, Inc USS Jed Rakoff Manhattan Rakoff SEC Securities and Exchange Commission
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Crude futures dip as Nigeria talks loom on oil operations

Crude futures on the Nymex edge lower amid optimism Nigeria strike talks may end without disrupting oil output. August front month prices fluctuated within a tight range while Nigerian officials prepare a meeting to resolve the weeklong strike over a June 20 fuel-price hike.

MENTIONED IN THIS ARTICLE

NEW York New York Mercantile Exchange Nymex Vene Tom Bentz BNP Paribas London International Petroleum Exchange Brent Nigeria Don Luke Fimat USA Inc Jones Organization of Petroleum Exporting Countries Iraq OPEC
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