Stocks rally further as Dow tops 8,700 on big gains
Wall Street extended its rally with the Dow up 122 points to 8,726.73, the second straight triple digit rise on light news. Nasdaq rose 21.25 to 1,541.40 and the S&P 500 gained 11.70 to 945.11 as investors push higher amid improving sentiment and expectations of stronger earnings. Wal-Mart and Target moved higher ahead of quarterly results.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Michael Murphy
Wachovia Securities
Baltimore
Murphy
Standard & Poor
S&p
Richard A. Dickson
Lowry
Palm Beach
Fla
Wal-Mart
Target
SEC says Reliant violated securities laws in energy case
Federal regulators found Reliant Resources used phony power swaps to inflate revenues and misstate financial condition in 1999 to 2001. The settlement with the SEC avoids fines and admits no denial of allegations, citing cooperation. FERC earlier ordered refunds totaling about 3.3 billion, amid California’s multibillion-dollar energy crisis costs.
MENTIONED IN THIS ARTICLE
Washington
Reliant
Securities and Exchange Commission
SEC
Volum
Houston
Federal Energy Regulatory Commission
Enran Corp
California
FERC
Pat Wood
Public Policy Institute of California
Baytown trash bags back on market at Ainsworth firm
Ainsworth & Company in Baytown offers heavy duty city bags at 8.50 per roll of 50 with eight rolls per case. Vice president Junior Forrest said the firm bought from the supplier after Baytown halted city sales to cut costs. The city had sold 46 by 14 by 37 inch bags at 4 dollars with water bill discounts.
MENTIONED IN THIS ARTICLE
Baytown
Ainsworth & Company
Market St
Ainsworth
Junior Forrest
Forrest
Retailers curb Asia visits over SARS outbreak
Texas based Bombay Co and other retailers with Asian suppliers are skipping trade shows and delaying factory inspections. Linda Stephenson notes delayed travel but would resume once new SARS cases drop. Retailers deploy faxes and videoconferences as contingency planning grows while JC Penney considers shifting orders away from Asia. China tops toy and apparel supply to US markets.
MENTIONED IN THIS ARTICLE
Fort Wort
Bombay Co
Asia
Linda Stephenson
Fort Worth
Stephenson
J.C. Penney Co
China
Mexico
United States
U.S
National Retail Federation
Oil futures slip after brief rally fades on inventory fears
New York oil futures closed lower as early gains faded amid expectations of higher U.S. crude stocks. Analysts cited resistance at $28.50 and looming inventory builds, despite OPEC discussions of possible June output cuts and signals that Iraqi exports may stay off the market longer. Brent also fell on London trading.
MENTIONED IN THIS ARTICLE
New York
OPEC
U.S
Phil Flynn
Alaron Trading Corp
Chicago
New York Mercantile Exchange
London
International Petroleum
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Kodak
Rochester
N.Y
Eastman Kodak
Applied Science Fiction
Austin
Gore
AMEX
al Johanny
Kroger
Alsiale
AEP
Cubrizot Landrys
Lucent NY
Ashland
Ed Lyondell NY
HET artiEgy
BAG
IvaxDiag
OwyerGip
Acme Nastes
al Marck
Bkol Am NY
Tahnat
Microsofts
Hibs Atechger
Pranabion
BellSouth RY Ae
MorgStan NY Ae
Bushtid
Matorala
Boeing
Richmign
Escalon
Calpine NY
VNB
Nvidia
Nesd
Wdigirl Jase
AlansMec
Ni ikuCore
Cam NY
OcciPer NY
Oracle
SunLink
CrownHolt
Felanthe NY
LynxTh Ts
Ula Dian Amex
Rayldust
Athythy
Sierrabe
DelCotr Nasda . As
ArizLd
Jamerc
Sears NY
Peer
DuPont
Southnica
Enston RY
Sustaid Ny
Lucent
Spdr Army
Devone
GrWol
IM Co
GenEtec
Japan
Guette Ny
Tyco Rll
SBC Com
SP Engy
Goodrich
Hamilton
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Ventas Nash
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IBM NY
Walgmay
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Lou Sreshrtadl
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XC -Nu
Brent
Abdullah bin Hamad al-Attiyah
Kuwait
Sheikh Ahmad al Fahad Al-Ahmad al- Sabah
atAttiyah
Organization of Petroleum Exporting Countries
Barkers Hill High School
Restonals, Inc
Jennifer Marcontell
Decker Baytown
Edward Jones
Individ
Texas Brokerage
Asset Management
W. Baker Road
Stephen V. Takach
Alexander Dr. Baytown
Thayer Wlborns
Ice
Fame
The
Baytown Sun
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