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Baytown Sun in Baytown, Texas

23 Jul 2005

Page 11

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Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Jul 23, 2005

Page

11

Stocks edge higher on light volume amid oil rally

Wall Street eked out modest Friday gains extending a four week rally despite tepid Microsoft earnings and a crude oil surge to $58.64 a barrel. Dow rose 23.41 to 10,651.18 as S P 500 gained 0.54 percent and Nasdaq added 0.05 percent. Microsoft posted stronger net earnings, but operating growth remained cautious while Google tumbled after beating forecasts. Ford eyed up to 15,000 White collar cuts. Nikkei slipped while FTSE rose.

MENTIONED IN THIS ARTICLE

New York Wall Street Microsoft Corp Microsoft New York Mercantile Exchange Michael Sheldon Spencer Clarke LLC Standard & Poor China S&p Richard Madigan J.P. Morgan Dow Google Inc Internet Ee Vivor Dow Jones Amex Naspaa At&t NY Intuthtr Amex Allstate NY JohnJn NY AEP NY NY Nasd Kroger Gainers Amgen Landrys NY Gansons ApidMat Nasd Lubrizol NY Ashland Lucent NY Wicon GiblePnt Lyondell NY Ind BP PLC NY BkotAms NY Merck NY itRec BellSouth NY Microsoft Nash ArenaRnt BTU MorgStan Motorola NY Mosaic Pf AmOrBio Ikonics Burlnsf NY Albayin Banro Gn Beitch Informat OcciPet NY CenterPnrt NY Oracle Nash Chevrons NY Penney NY Cisco Nash PepsiCo PerotSys NY CocaCl NY Pfizer NY Tempurp Retrium ProctGam Celestic LawEnf Affymet ConAgra BeckCon ConocPhils NY Qualcoms Nash Hi Low Hutcht CrownHold NY Dow Industrials BlueLinx Quiadiam Amex Roydsha Tgtnok Dellinc Nash Sbccom NY Dow Transportation Schergel NY Dow Utilities Ariba Inc Schimb NY Nyse Composite ReisGpun VitaFd Vitesse DuPont NY Andreon Duke Egg NY South nCo S&p MidCap EMC Co NY LastAir Russell EnPro NY Spor Amex Wilshire Lucent SPOR EntProt NY SunMicro Nash Pfizer TXU Corp NY Motorola Intel Fordm NY TncoAut NY EMC Cp Cisco GenElec NY Brocom Gilof Tycoint ExxonMbi DJ Diam Oracle eBays Unilevnv NY American Funds Icaa P Incoa P Chenieres Yahoo Hallibin NY Upsb NY American Funds A WshaAp LV TimeWarn SP Fnel Hewlett P NY US Steel NY Fidelity Invest Contra XG Google VerizonCm NY Magelin Lc Hondlint NY WalMart NY Janus Mercury LG sAmex Olympus Yahoo Nash Rydex Investor Nova LC OTC IL International Tne
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Expert says Vioxx caused man's death in Texas trial

Dr David Egilman testified that Vioxx caused or contributed to Robert Ernsts death from an arrhythmia leading to a heart attack in 2001. The widow Carol Ernst leads the first wave of more than 4,200 lawsuits against Merck over the drug. A cardiologist is set to testify next.

MENTIONED IN THIS ARTICLE

Angleton Texas David Egilman Merck & Co Carol Ernst Merck Egilman Robert Ernst Wal-Mart Ernst Mark Lanier Lanier
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Texas unemployment rate drops to 5.1 percent in June

The Texas Workforce Commission reports a 0.4 point drop in the state unemployment rate to 5.1 percent for June, with nonfarm payrolls rising by 12,700. Annual job growth stands at 1.2 percent with 115,500 jobs added over the year, eight of nine sectors expanding while manufacturing falls by 700. Initial claims total 69,951, down significantly from prior years.

MENTIONED IN THIS ARTICLE

Austin Texas Workforce Commission Commission U.S. Labor Department Texas State Commission Diane Rath
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Oil tops $58 as storm forms boosts prices

Oil futures rose above $58 a barrel amid thin trading as a new tropical storm Franklin formed in the Caribbean and threatened Gulf of Mexico supply. Analysts cited technical buying and hurricane fears, with September crude up to $58.70 before settling at $58.65, while heating oil and gasoline posted gains.

MENTIONED IN THIS ARTICLE

New York National Hurricane Center Franklin Caribbean Gulf of Mexico U.S. Gulf Coast Emily Gulf Coast Chris McCormack ABN Amro New York Mercantile Exchange Edward Meir Man Financial U.S New York Board of Trade
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Also Mentioned on This Page

Wall Street Journal Ford Motor Co North America Ford York Stock Exchange Japan Europe Britain France Germany Associated Press Brian Valentine Kevin Johnson Atlanta Vioxx By Kristen Hays The the Market IN Review Jennifer Marcontell Edward Jones Lidsene Stephen V. Takach N. Alexander Baytown Edwardjones.com SIPC Indivie Community Resource Creu.org Decker Hayton Creu Baytown Sun
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