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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jul 14, 2004
Page
11
An unclear summary indicates two investment options named A and E with stated aims to reach about 20 percent and a reference to a MS Fund that may not exist. The source mentions Company Growth, Aut Cap Growth, and ValTt assets, with a partial reference to Sourte Gppe.
In a quiet trading day on Tuesday New York crude futures fell slightly with August Nymex light crude settling at 39.44 a barrel and Brent at 36.69. Analysts say bearish patterns from prior sessions kept investors cautious as weekly supply data loom and imports stay high amid strong refinery runs.
The Urban Rehabilitation Standards Review Board voted to demolish the remains of a burned house at 5623 Twisted Oak Drive over arson concerns. Owner Jimmy Clary missed the June meeting. board cited neighborhood safety with only charred walls left. Other properties received repair or management actions, including a 321 Holly Drive rebuild effort and a Veterans Administration owned site at 4739 OCD Drive.
Wall Street closed narrowly mixed as Johnson & Johnson and banks posted solid results while Intel met expectations on earnings but missed on sales. Markets awaited next guidance from Intel and Merrill Lynch figures, with Dow at 10,247.59, S&P 500 at 1,115.14, Nasdaq 1,931.66 amid a May trade deficit drop and export surge aided by a weaker dollar.
De Beers pleaded guilty in a decade old price fixing case and agreed to pay a 10 million dollar fine. The company admitted conspiring to fix prices in the 500 million dollar industrial diamond market used for cutting and polishing tools.
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