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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
May 18, 2004
Page
5
Experts warn a federal suit by Liz Claiborne Inc alleging counterfeit Monet branded items sold at Tuesday Morning could long term hurt the Dallas based closeout retailer. Tuesday Morning denies wrongdoing and notes prior settlements with other designers.
Wall Street opened weak as Iraq Governing Council president Izzadine Saleem died in a Baghdad bombing. The Dow fell about 106 points to 9906.91, the Nasdaq dropped 27.61, and the S&P shed 11.60. Markets abroad also slid amid Iraq violence and global economic jitters.
Oil prices surged near 42 dollars as analysts urged OPEC to raise actual output beyond a 6 percent target. A senior OPEC delegate hinted at larger increases, while markets weigh emergency talks in Amsterdam and Iraq turmoil shadowing supply. Izzadine Saleem was assassinated, highlighting regional instability affecting crude prospects.
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