Stocks pull back ahead of earnings reports
Wall Street eased as investors booked profits after a rally while awaiting second quarter results. Dow fell 66.88 to 9156.21 and S&P 500 slipped 5.63 as Nasdaq edged up 0.1 percent. Tenet Healthcare faced an SEC subpoena, Altria dropped on potential appellate outcomes, and Alcoa beat earnings estimates.
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Wall*Street
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Mike Kayes
Eastover Capital
Charlotte
N.C
Standard & Poor
Dow
Altria Group
Ilinois
Philip Morris
Commerce Department
Tenet Healthcare
Securities and Exchange Commission
SEC
Alcoa
Morgan Stanley
Treasury official who oversees markets to resign in October
Peter Fisher, under secretary for domestic finance at the Treasury, announced he will leave his post in October after nearly two years. He will be succeeded by Goldman Sachs executive Kenneth Leet, with Susan Schwab nominated for deputy secretary. Fisher cited family reasons for his departure and said he will return to New Jersey.
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Treasury Department
Wall Street
Goldman Sachs
Peter Fisher
Treasury
Bush
Kenneth Leet
Crude futures rise as gasoline gains lift demand
Crude futures on the New York Mercantile Exchange climbed to near a month high as gasoline rallies supported by refinery snags in Texas and California pushed prices up. Brent also rose in London while heating oils and natural gas gained, despite a larger gasoline stock build.
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Germany
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Valero
Texas City
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Crown Central Petroleum Corp
Energy Information Administration
Tom Lentz
BNP Paribas
Brenham suit could be first Enron civil case to go to trial
A Brenham Texas lawsuit accusing Arthur Andersen and eight individuals including Kenneth Lay Jeffrey Skilling and Andrew Fastow of Enron losses heads toward a November trial if an appeals court sides with plaintiffs. The case mirrors the broader Enron collapse that led to extensive civil actions across Texas and Houston federal court.
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Brenham
Enron
Houston
Kenneth Lay
Texas
Enron Corp
Washington County
Blue Bell
G. Sean Jez
Texas 14Th Court of Appeals
Arthur Andersen LLP
Arthur Andersen
Andy Ramzel
Enron and Andersen
University of California
Andersen
Jeffrey Skilling
Andrew Fastow
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SinopcBal BO
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Toh
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Eray
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Morton
Rte
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Eit
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BF FL Wr
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Gs A' OcciPet
Oracle
Nash
Center i NY
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Worldhoardtowns. Com
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Stephen V. Takach
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