Stocks Rise On Bargain Hunting And Upgrades
Wall Street moved higher as investors bought shares after declines with gains from Intel and Home Depot upgrades. GE met earnings estimates while Coca Cola faced a whistleblower suit probe and UBS cut Southwest. Dow up 0.9 percent to 9119.59. Nasdaq 1733.93. S&P 998.14.
MENTIONED IN THIS ARTICLE
Intel
Home Depot
New York
Wall Street
General Electric
Yahoo
Brian Pears
Victory Capital Management
Pears
Improvement Chain
Dow
Thomas Weisel
Juniper Networks
Scott Kriens
UBS
Coca-Cola
Securities and Exchange Commission
Enron creditors to receive pennies on the dollar under plan
Under the Enron bankruptcy reorganization, about 80 percent of creditors would get 14.4 to 18.3 cents per dollar owed, with more than two thirds in cash and the rest in stock. The plan calls for asset sale proceeds and equity in new entities, pending judge approval in New York.
MENTIONED IN THIS ARTICLE
Enron
Houston
Howard Seife
Attornney
U.S
Arthur Gonzalez
New York
Anthony Sabino
St. John’s University
Stephen Cooper
Cooper
Wholesale prices rise in June with core prices dip
The Producer Price Index climbs 0.5 percent in June from May led by energy costs, while core wholesale prices excluding energy and food fall 0.1 percent. Economists note soft prices for many goods and ongoing pressure on profit margins amid energy and health care costs. The Commerce Department shows May trade deficit at 41.84 billion as imports rise. Dow up 83.55 to 9119.59 amid rate cut hopes. Fed slashed the federal funds rate to 1 percent on June 25 to spur growth and counter deflation risks.
MENTIONED IN THIS ARTICLE
Standard & Poor
Wall Street
Labor Department
Commerce Department
Bains
Subodh Kumar
Cibc World Markets
Dew
Home Depot
Banc of America Securities
Washington
Lynn Reaser
Banc of America Capital Management
America
Dow Jones
PPI
Federal Reserve
Joel Naroff
Naroff Economic Advisors
AMEX
Donna WY
Kroger
Wed Landrys
Labrent
Ainers
Lucent
Ashland Apia NY
Lyonds'tuy
Iwwcap Pil
Slinpan
Barret
Sunair
BellSouth NY
MegSten NY
HES Meriep
HungTel Tas
TrackData
Newskies
AmBurt
Bosing
Medifast
Bansf NY Ag
isiNw NY
AE Se Mnwcan
OAO
Asatyns
Penney NY
Chavnitisx Ei Ae
Asr Pesto NY
Nasda
Rats NY
Stigan
Pacis NY
Mirantofa
Incopr
Listwg
Conagra Uy
Qualcom Nasd
Caglea
PacifNetrs
CanoePait Ny
Bas
Reebuck Nest
Manitow
CrownHold
Relent RY
High Bow Nate
GoldSir ¢ Heri
Grancfun
Djia Bem Amex
Dow Industrals
Phezar
BA Roy NY
Dow Transconation
DetiGair Wasa
BC Gem Ny
Dow Uitities Amin Wor
Medwen
Dig NY
de SeverePl NY
AcaComba
DuPont
Scknia
S&p
Sionwone
Sion
EMC Cp NY
Southata
MidCap
Eheb
Swsthilt
Russell
Microsoft
Mirent
Ichangm
Exxonktbl Ny
GenElec
Shiepan
SunMicra
Ford
Hmatua
Intel
Hewietip
AllOn2Tech
Cisco Ab
SaMotr NY
Boo
Attia
Djia Diam
Oracle
Gitte NY
Niame Obj Mins Przer
GreyWolk
Hinpritw
Goodrich
Nileiy
Inccl
Nabors
CAA
Motorola
Frei
SonusNet
Hewlenp
Wingtem
Naver i
Ryde
OFC
Crude oil rally fades as storm doubt chills gains
In New York, crude futures near $31 after peaking near $34.75 as Tropical Storm Claudette sparked initial trade. Traders questioned supply disruption impact, with analysts citing mixed signals on Gulf production and refining potential. Natural gas fell, while gasoline rose on a New Jersey rack mishap. Brent closed at $29.19.
MENTIONED IN THIS ARTICLE
New York
Claudette
Gulf of Mexico
Oskrich Gulf of Mexico
Tom Bentz
BNP Paribas Futures
New York Mercantile Exchange
Rasedo
Nymex
Rosado
New Jersey
London
International Petroleum Exchange
Brent
Also Mentioned on This Page
Dow Jones Industrials
Nasda Ite
Composi Standard & Poor's
Russel
NYSE
Jeannine Aversa
The
Associated Press
Aawl
Tal Reine
Jun High
Hetum
Rank Pet
Atdia
Storn
Ragbers Hill High School
Essional Als, Inc
PU Yey
Pras
Siti Reas
Jennifer Marcontell
Leckey
Edward Jones
Mende Ipc
Texas Brokerage
Asset Management
W. Baker Road
Baytown
Texasbrokerage.com
FA Cme Ae Eeu
Stephen V. Tekach
N. Alexander
Monument Inn
Baytown Sun
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