Stocks rise on strong manufacturing and sentiment data
Industrial production hit its best level since June 2000 boosting markets in cautious trading. Analysts said investors await firmer profits as the economy improves and earnings turn positive. Dow gained 90.09 points to 10607.23 S&P 500 rose 13.12 to 1166.16 Nasdaq up 14.46 to 3770.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Nick Sargen
J.P. Morgan
Standard & Poor
Dow Jones News
American Express
General Motors
Caterpillar
Oracle
Microsoft
Todd Clark
Wells Fargo Securities
NYSE
AMEX
MMM NY
Asiland
MorpStan NY
Calan
ContMill
Meirinta
Maio Ny AG
Silverine
CashTech
BeiSouth
Nash
BA Ab
Entegts
Penis NY
Vestalns
PrratSys Uy
Telltalia
Gugy
Phaer NY
Davina
SunLink
Coca Ny
Prema NY
Cert NY
PhiPel
Cryatite
Kenseyn
RedentEn Ny
Rampant
Dex Aoe
Foyt
Od Corciant
Sears RY
CKE Rt
RamSit
Ethyl
Bansay
ALE
DigitTel Ford
GenElec
Swalwil
GnMotr NY
Spor Amex
Namie Vel
Val
Sunidicro
Lucent Stet
Oracte
Halsbin
TAU Asp HY
IK Mart
Ell SunMicra
Tal
Tycolnt
Wat
MagnHunt
Intel Nash
SP Frei
PrizeEn
towitHtr
John Is
KY Aryut
Heritette
SP Enay
Ratasit
Wikmart KY
Verizon NY
Kroger
WalMat NY
T NY
Walgin NY
WetsFigo
Lyondet
WorksCom Nasd
APA
WWF
Wl & Warnes
Dow Industrals
Dow Transportation
S&p
Russell
Wilshire
Ee Peren
American Funds A
Nooa Prt
CAA
Arrathcen Funds A
Wstap
WW C
Fideliy Invest
Contra
Twerin LG
TNTIA
Janus
Widve
Nova
OTC Batancad
Gioba
IL Dramabanal
MT -Mortgane
MAV
Plardc
Eintenom
Nesdad
Manufacturing up at nation's factories signals recovery
Washington reports industrial output rose 0.4 percent in February, strongest gain since mid-2000s, easing recession pressures. Inflation tame with wholesale prices up 0.2 percent and core inflation flat, while stock markets rally on the upbeat data. Dow gains over 930 points as investors cheer manufacturing rebound and consumer sentiment improves.
MENTIONED IN THIS ARTICLE
Washington
America
Federal Reserve
Jerry Jasinowski
National Association of Manufacturers
U.S
S&p
University of Michigan
Professors use Enron as teaching tool in business ethics
Rutgers Newark professors join Janice Lawrence of Nebraska and Bruce Buchanan of NYU in using the Enron collapse to explore accounting standards ethics and corporate governance. They note the case offers a current vivid example, with new developments fueling lively class discussion and real world relevance.
MENTIONED IN THIS ARTICLE
Newark
N.J
Conklin Hall
Enron
Robinson Lilienthal
Rutgers University
Lilienthal
Janice Lawrence
University of Nebraska
Lincoln
Microsoft
Bruce Buchanan
New York University
Stern School of Business
Gasoline strength lifts oil futures as heating oil dips
Crude and product futures ended mixed amid volatile trading as seasonal demand for gasoline rises and heating oil weakens. April gasoline rose to 81 cents a gallon while crude for April slid to 24.51 dollars per barrel. Analysts cite tight gasoline stocks, ongoing refinery maintenance, and OPEC quotas as factors shaping the near term path ahead of driving season.
MENTIONED IN THIS ARTICLE
NEW York
New York Mercantile Exchange
Tim Evans
Pegasus Inc
U.S
Yemen
Mike Fitzpatrick
Fimat USA, Inc
Department of Energy Estates
Anthony Zinni
Middle East
Houston Rig Count Drops by 16 to 753 This Week
U S oil and gas drilling activity fell by 16 rigs to 753 nationwide this week. Of these 753 rigs, 610 probe gas, 142 seek oil, and one is miscellaneous. Baker Hughes notes the count, 1944 onward, with 1,151 rigs a year ago and a peak of 4,530 in 1981. Texas and Louisiana each shed five rigs, Wyoming four, New Mexico one, while California gained one. Alaska and Oklahoma unchanged.
MENTIONED IN THIS ARTICLE
Houston
United States
Baker Hughes Inc
Baker Hughes
Texas
Louisiana
Wyoming
New Mexico
California
Alaska
Oklahoma
Companies sever ties with Andersen and other firms
CHICAGO The exodus of bluechip clients from Arthur Andersen accelerated Friday with four Fortune 500 companies ending decades long relationships. Sara Lee Abbott Laboratories Northeast Utilities and Brunswick severed ties as they weigh future actions. Together they paid Andersen over 15 million in 2001 auditing fees. Industry experts expect more defections after Andersen was indicted for shredding Enron related documents. A potential spinoff of GE's Employers Reinsurance Corp could IPO 20 percent later this year, but talks remain uncertain.
MENTIONED IN THIS ARTICLE
Chicago
Bluechip
Arthur Andersen 1.Lp
Sara Lee Corp
Abbott Laboratories Inc
Northeast Utilities
Brunswick Corp
Andersen
Enron Corp
Reinsurance Corp
Associated Press
OPEC keeps oil target unchanged until June review
In Vienna officials announced OPEC would not adjust its oil production target until June when members meet again to reassess market conditions. The decision follows a recent surge in crude prices and a cautious view of global economic recovery.
MENTIONED IN THIS ARTICLE
Vienna
Austin- Opec
Organization of Petroleum Exporting Countries
OREC
OPEC
China condemns Bush steel tariffs after WTO talks request
Three months after joining the World Trade Organization China said it asked the body to arrange talks over U S tariffs on steel imports. Premier Zhu Rongji criticized the move at a Friday news conference following the Chinese legislature session. Bush imposed tariffs up to 30 percent on several steel types to aid U S industry, hitting China Japan South Korea Ukraine and Russia among others.
MENTIONED IN THIS ARTICLE
World Trade Organization
China
U.S
Zhu Rongji
Bush
Japan
South Korea
Ukraine
Russia
Associated Press
GE weighs split of property and casualty reinsurance
Stamford based General Electric Co. is evaluating a spin off of its property and casualty reinsurance unit after substantial losses tied to the September events. The move would affect the company’s risk profile and corporate structure as it reviews options for the stressed division.
MENTIONED IN THIS ARTICLE
Stamford, Conn
General Electric Co
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Labor Department
Alan Greenspan
Cma
Dow Jones Industrials
Baytown Hun
Stephen V
Takach Zbin
Agnandor
Baytown
Edward Jones
Tae
Ereyh
Thayne Williams
Engle Dr. Ste
Essionals, Inc
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