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Baytown Sun in Baytown, Texas

29 Jun 2004

Page 5

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Jun 29, 2004

Page

5

Stocks slip as Iraq power transfer clouds market mood

In afternoon trading on Monday U.S. stocks edged lower as economic worries and Fed rate expectations weighed on sentiment. Oil fell on the Iraq transfer news while traders awaited the Fed decision and fresh economic data. Dow lost 14.75 to 10,357.09 as S&P 500 and Nasdaq declined. Wal-Mart cut forecast. Thomson Corp to buy Information Holdings for 441 million, offsetting some losses.

MENTIONED IN THIS ARTICLE

New York Iraq Federal Reserve Fed Baghdad Hugh Johnson First Albany Corp Standard & Poor Commerce Department Wal-Mart Stores Inc Wal-Mart Watson Pharmaceuticals Thomson Corp Information Holdings Inc Thomson Ene Ss Dany Dow Jones Stock Exchange AMEX Naspag Dow Jones Kroge Wore ICE Frey Rosers Cusco Rajanté Iy Dow Transportanor Senesca Riae Sir Nase Bow Utilities Mtot Excaiha TS Sutton EnPro Oracle TE I Gilehe Rank Pet Ioney Gonos Elev Hein NY Aupancan Amoka Adi Eanap Subic Pamerican Fonds WalMart Centre Seti Amnex iByoer Inveser Miaveser Cial Ft ‘Ata Dagaacs Samage Caracat Ve News Pate Ag Somirse Asscowstes Press Seles Rene Esse
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Consumers Increase Spending in May Signaling Recovery

May consumer spending rose 1 percent, the largest gain since October 2001, with incomes up 0.6 percent for a second straight month. Inflation-adjusted spending rose 0.4 percent. Economists expect a 0.25 percentage point rate hike by the Fed amid Moderated inflation forecasts.

MENTIONED IN THIS ARTICLE

Ken Tower Schwab Fed Federal Reserve Washington Commerce Department United States Alan Greenspan Greenspan
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Gas prices fall to lowest in nearly two months

Washington motorists see the national regular gasoline average dip to just over 1.92 a gallon per the Energy Department EIA report. Prices slipped 1.6 cents last week, fifth straight decline, though GOP inventories remain below average and refiners run near capacity. Regional variations appear with Midwest edging up slightly and West Coast plus New England still above 2.00 a gallon. Lundberg survey also shows a 6.6 cent drop in two weeks, with self-serve regular at about 1.94.

MENTIONED IN THIS ARTICLE

Washington Energy Department DOE Energy Information Administration EIA Midwest West Coast New England California Lundberg Iraq New York Mercantile Exchange London Brent International Petroleum Exchange
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Baytown explores development impact fee under debate

City officials and business leaders debated a proposed development impact fee. Escontrias supported the fee, while Mayo Shaffer Urban Capetillo Quinlin urged caution about costs being passed to buyers. Several developers warned the Planning and Zoning Commission to seek a compromise to balance new growth with existing residents.

MENTIONED IN THIS ARTICLE

Quinton Lisa Urban Martha Barnett Escontras Escontrias Exxon Mobil Mayo Shaffer Police Baytown Urban Mendelevitz Urban and Associates Transcat Quinlin la Porte
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Oil price drop after Iraq power handover

Oil prices slid to multiweek lows as supply fears eased amid Iraq sovereignty transfer from the Coalition Provisional Authority to an interim government. Analysts cautioned against assuming security would quickly improve, noting ongoing opposition and potential disruption to oil infrastructure.

MENTIONED IN THIS ARTICLE

Washington Iraq U.S Fed Coalition Provisional Authority
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Also Mentioned on This Page

The Associated Press H. Sosef Hebert Tia.doe.gov tSiaeer Ret Cord Highli Robert Ebel Center For Strategic and International Studies Ebel Shell Exploration & Production Co Gulf of Mexico Saudi Arabia Oil Company Iran Norway Jennifer Marcontell Ballingbrook Sre Raytown Edward Jones Ines Sine Sipg Stephen V. Takach Alexander Edwardjones.com Individ Community Resource Crcu.org Teese Ees Baytown Sun
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