Stocks Slide After Merck and Lexmark Warns
Wall Street fell sharply as Merck and Lexmark warned results, triggering profit-taking after Friday's rally. Despite solid 3M earnings and outlook, investors judged second-quarter figures weak and a market pullback was expected after a swift rise, with experts citing Nasdaq gains and overextension.
MENTIONED IN THIS ARTICLE
New York
Merck
Lexmark International
Wall Street
Gary Kaltbaum
Investors’ Edge Partners, A Money Management
Leading indicators rise for third month signaling cautious recovery
The Conference Board reports Leading Economic Indicators up 0.1 percent in June to 11.18, with analysts noting fragile recovery prospects. Wall Street stocks fell as Dow, Nasdaq, and S&P declined amid mixed earnings and price corrections, with Merck and Lexmark among notable movers.
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Conference Board
Orlando
Fla
Standard & Poor
Board
U.S
The
Associated Press
Robert Froelich
Deutsche Asset Management
Chicago
Dow
Merck
Lilly
Pfizer
Lexmark
Dow Jones
AEP
Kroger
Ashland
Abner Nash
Emeritus
SentaCors
Mendes
Aid Goldstr G
Verilink
Bkot Am NY
Lyordell
Corse
HslandPac
Senesco
Lionbrig
Microsot
Nesd
ROE Torchen
Bel
Dex
Bullnsf
OrbSei
Maton Marg Stan
Wsitver
Calpine NY
Amexadie
Bennett O
Mulimg
Centerent NY
Novelw NY
BT ibieTel
Kankakb
MaxcorFn
Charmiex
Oca
Peapkins
Intervoice
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Gryntife
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Avant le
Aristotle
Delco
Nasd
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Dial NY
Scher NY
Schima Ny
Pyradyn
Amt AB
SowChm
DuPont
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Swati
Intel
Sun Micro
Cisco
NY Nash AG
iNokiaGp
GUL Diam
Microsoft
Ford NY
TaoaAut
Genelec
BemaGold
Oracle
Finda Nash
Smco NY
Lexmiare
Japan
Osl.net
Genkies i
Ateon
Citigro
Katie NY
Ventas Nast
Hewlett? RY
Veronom NY
Hq RT
Dany
KomeDo NY
WalMart NY
Wale NY
Inlet Nash
WelsFigo NY
Ooiran
Baily Cha Dally
Dow Industrials
Dow Transportation
Dow Utilities A
S&p
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Wilshire
Smins
American Funds
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Fidelity Invest
Contra
Fidelity Investain Tc
Janus
Merry LG Ae
Janus Chympes
Rydex
Nava
L -International
Minami
Nataval
Stewart seeks probe into leaks over indictment details
Martha Stewart’s lawyers urged a federal judge to force an inquiry into who leaked grand jury details to the media before charges were filed. Judge Miriam Cedarbaum weighed the request, noting skepticism but willingness to consider.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Miriam Goldman Cedarbaum
Morville
Michael Schachter
Stewart
ImClone Systems
Food and Drug Administration
Halliburton seeks extension in four billion asbestos settlement
Halliburton Co plans to ask U S Bankruptcy Judge Judith Fitzgerald in Pittsburgh to extend a stay on reviewing more than 300000 asbestos claims until September 30. The delay comes after Halliburton agreed to a roughly 4 billion settlement including 28 billion dollars in cash and 59.5 million Halliburton shares.
MENTIONED IN THIS ARTICLE
Pittsburgh
Halliburton Co
Halliburton
Judith Fitzgerald
New York Stock Exchange
DI Industries
Wendy Hall
Dresser Industries Inc
Dresser
Crude futures fall as August contract nears expiry
In New York trading crude oil futures slipped with the August contract near Tuesday expiry. A reported explosion at ConocoPhillips Ponca City refinery briefly spurred late gains, while Valero Energy Corp faced maintenance shutdowns at Corpus Christi and a Houston crude unit outage.
MENTIONED IN THIS ARTICLE
New York
ConocoPhilips
Ponca City
Oklo
New York Mercantile Exchange
Nymex
Valero Energy Corp
Corpus Christi
Texas
Valero
Houston
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United States
Douglas Porter
Nesbitt Burns Securities of
Canon
Erin
Adie Coffey
AEM
Mayen
Aang. Stewart
Robert Merville
FBT
Securities and Exchange Commission
Justice Department
Charles Sheehan
London
International Petroleum Exchange
Investment Professionals
ING
Barkers Hill High School
Vics Preater
Jennifer Marcontell
Docker Baytown
Edward Jones
Ors
SIPC
Texas Brokerage D Asset Management 407
Baker Road
Texasbrokerage.com
Stephen V. Takach
N. Alexander
Baytown
Baytown Sun