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Baytown Sun in Baytown, Texas

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Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Jun 30, 2004

Page

8

Stocks Rise as Confidence Soars Ahead of Fed Rate Decision

The Conference Board reports June consumer confidence at 101.9, beating May and estimates, supporting a stronger economy. The Dow rises 56.34 to 10,413.43, S&P 500 up 2.85, Nasdaq up 15.11 as investors scale back inflation fears before the Fed policy move.

New York Wall Street Federal Reserve Conference Board Michael Palazzi Manaling SG Cowen Securities Standard & Poor Fed AMEX At&t NY OT Kroger Alistate Ta Merck Cenves Cd&l Bk of Am NY Microsoft Nestl Stonepath BellSouth NY Morgsian Iy Movados Initstac Nia Bikhob Motorola AB Bosing NY NasdiGaTrnet MN Piantran TetonPet A Occiet NY Jarmietmig Aid Gentent NY Ag GmbiCps Babldsan Chin InfoSonica ConocPhil NY Wat Vent CrownHold CanyonRes miCon Skechers Nash Ag SchergPi TylerTech Ngsveswt RigelPh Disney NY Sehimb Stratasys DowChm NY Ibighots DuPont NY Sabata Ty Cn Wonel Suico Nobel Microsoft Ford NY TXU Cop Ny Lucent SPDR GenEee NY Cisco GnMoir Treat GenElec Djia Diam Sinuss Giffaite Motorola Oracle Gooditch AME iShJe Whealig Pfizer iShAs AnkiMatl Hewkiip NY One AsStel Goodyear CienaCp Diadaids Mt East SE Poco

June consumer confidence hits two-year high on job gains

The Conference Board reported June consumer confidence rose to 101.9 from 93.1, the strongest since June 2002, driven by improving employment and easing gas prices. The Present Situation index rose to 104.8 and the Expectations index to 100, while analysts note temporary weather and fuel effects on retail weakness.

New York Conference Board Lynn Franco Consumer Research Center Franco Iraq U.S Mark Witner Wachovia Corp Wal-Mart Stores Inc Target Com

Sara Lee to close two Texas bakeries in Houston and San Antonio

Sara Lee Bakery Group will shut its Houston and San Antonio bread and bun bakeries, eliminating 306 jobs as it refocuses on branded products. Houston closes Sept 18 with 187 cuts. San Antonio closes Dec 31 with 119 cuts, with production moved to Dallas. Assets of the Houston plant will be sold to Howers Foods.

Sara Lee Bakery Group Texas Dallas Houston San Antonio St. Louis Sara Lee Earth Grains Iron Kids Houston Bread and Bun Bakery San Antonio Bread and Bun Bakery Lubbock Hadlingen Is Houston Bakery Howers Foods Thomasville Richard 4. Noll Sera Lee Com

Crude futures slide to 11 week lows in New York

Crude oil futures fell to 11 week lows as speculators exit long positions amid easing supply fears. Iraq output disruption and Norway normalization, plus Shell resuming Gulf of Mexico production, supported the move as U S inventories rise and traders anticipate a global supply glut.

New York Iraq Norway Shell Exploration and Production Co Gulf of Mexico Tim Evans IFR Pegasus New York Mercantile Exchange London International Petroleum Exchange Middle East Organization of Petroleum Exporting U.S Department of Energy Energy Information Administration Dow Jones EIA

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