Stocks slip as Intel comments weigh on market mood
Stocks extended declines led by tech after upbeat CVS and ConocoPhillips results offset by Intel cautiousness and Pier One Imports warning. The Dow ended at 9200.05, Nasdaq 1720.91, S&P 987.49, with light volume and mixed gains ahead of GDP and jobs data.
MENTIONED IN THIS ARTICLE
New York
Intel
Pier One
CVS
ConocoPhillips
Larry Wachtel
Prudential Securities
Wall Street
Jack Caffrey
JP. Morgan
Standard & Poor
Caffrey
Fannie Mae CEO cites Freddie Mac turmoil hurting agencies and consumers
Fannie Mae chief executive Franklin Raines said Freddie Mac accounting failure and leadership shake-up damaged both government mortgage giants and raised mortgage rates for consumers. He defended Fannie Mae against collateral damage claims while noting solid internal controls and differing accounting policies. Credit derivatives and rate uncertainty tied to Freddie Mac contributed to rising borrowing costs.
MENTIONED IN THIS ARTICLE
Fannie Mae
Freddie Mac
Washington
Chainman
Franklin Raines
Freddie Mae
Raines
Wall Street
Gregory Parseghian
Justice Department
Securities and Exchange Commission
Vises
Labels Family Outlet opens new Baytown store on Garth Road
Labels Family Outlet, a Beaumont area chain, opens at 1719 Garth Road next to Palais Royal on Friday. Founder Steve Stoma runs six stores in Texas and Louisiana as a major shoe liquidation venue with top designer names at wholesale prices. For details call 281-427-9770.
MENTIONED IN THIS ARTICLE
Labels Family Outlet
Garth Road
Palais Royal
Beaumont
Steve Stoma
S&m Bargain City
Baytown
Port Arthur
Texas
Lake Charles
Shreveport
Monroe
Ros Hammerson
Yan Eli
Trotters
Easy Spirit
Rangoni
3 Renee
Audition
Dallas
New York
American Airlines to add flights on some routes
American Airlines will add flights on selected routes to meet higher demand while cutting overall November flights by eight percent versus July. The changes affect hubs in Dallas Fort Worth Chicago and Miami with new service planned from Fort Lauderdale to Port au Prince and Santo Domingo plus Boston New Orleans Miami Indianapolis Minneapolis Pittsburgh and more. Shares fell on the news amid broader AMR Corp movements.
MENTIONED IN THIS ARTICLE
American
St Louis
Fort Worth
Boston
New Orleans
Miami
Indianapolis
Minneapolis
Pittsburgh
Fort Lauderdale
Fla
Port Au Prince
Haiti
Santo Domingo
Dominican Republic
Boston-Miami
New York
Kennedy Airport
London
Chicago
Phoenix
Dallas
Crude futures rise on gasoline demand surprise
NYAP bullish EIA data sparks broad petroleum rally. Gasoline futures climb to 90.89 cents a gallon as demand strengthens to 9.563 million bpd. Crude August gains to 30.68 a barrel. Brent settles at 28.50. EIA shows smaller crude stock rise to 277.3 million barrels with imports up 643,000 bpd.
MENTIONED IN THIS ARTICLE
Energy Information Administration
Statistical
Uni
Nymex Gaseline
Dow Jones
EIA
Nymex
London
International Petroleum Exchange
Brent
Also Mentioned on This Page
By Amy Baldwin
Associated Press
Lary Wachtel
Dow
S&p
Commerce Department
Labor Department
Institute For Supply Management
Conference Board
Craig Barrett
Genesis Microchip
Bush
AMR
American Airlines
CanocoPhillips
New York Stock Exchange
Japan
Europe
France
Britain
Germany
Discount Clothing
al Paret
Houston
Pete Alfaro
Ege
AMEX
JohnJn Nn
Aistala
Nore
Lupizal NY
Lucent NY
HallRity
ViroFhm
Amel Evel i
Lyondell Sa
KenCole
AP CreamCat
Bauisouih
Microsofts
Rvlab
Tech
Ustime
Wat BikaGos
MornSten Qais
trisCos
Vie
OpenTv
Sosirg NY
Ad Jotta
Janteen
ADAM
Butsf NY A
Amnex
ABB Ltd
OsciFst
Orcle Nash
CheymTex
BO Penney
Isco Ne
Papsita
iGonstarn
Conkora NY
Pracg NY
GonccPhil
Kitae
Quetcom Nasdal Arda
iEuronet
VelpayFsh
Geraster
SBC Com NY
IMCO
Icapbock
DuPont NY
Dukek
Sobria NY
Wore
EMG Ca NY
SouthnCo
LastAirl NY
al Lucent
SunMiem
Isco
GenElec
Piares
Roe Peer Wets Ee
Assoniaind
Dow Industrals
Dow Transportation
Dow Attites
NYSE
American Funds
Inco
Icaap
Jaerean Fords AcWehp
Jelly Invest
Rites
Bes
Magein
Jane ‘Ypus
Ear
Jsleri
Eres
Wik GL
Ydex
Neva LG
Rydex
Global Sina
Bokom
Iond
New York Mercantile Exchange
Department of Energy
Phil Flynn
Aaron Trading Corp
Isvesthent
New Orders Hill High School
Essionals, Tno
Jennifer Marcontell
Decker Baytown
Edwardianac Row
Edward Jones
Selors Nee
SIPC
Stephen V. Takach
Alexander
Edward Jones ‘Screg
Texas Brokerage ‘ Asset Management
Baker Road
Texasbrokerage.com
The
Baytown Sun
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!