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Baytown Sun in Baytown, Texas

22 May 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

May 22, 2004

Page

5

Wall Street boosts on oil price drop and OPEC signal

Wall Street rose modestly as oil prices fell and Saudi Arabia suggested increasing OPEC output. The Dow added 29.10 to 9,966.74, while the S&P 500 and Nasdaq also rose, though the week ended with the Dow below 10,000 for the first time this year. Strong earnings eased some pressure on rate hopes, but uncertainty remains ahead of the election.

MENTIONED IN THIS ARTICLE

New York Wall Street Saudi Arabia OPEC Dow Jones Industral Wall Streets Ryan Smith Banc One Investment Advisors Columbus Ohio Dow Standard & Poor S&p Conference Board Wall Sweet Fed United States Jason R Graybill Abner, Herrman & Brock Asset Management I Stock Exchange Dany Dow Jones Tel NYSE AMEX Dow Jones Atatas Iy Ile H Kroger KY En Ats Ly Landiys NY Ag AnidMatl Masas Usainysn MaroBienne Ap iDeliasir SerenaSit Cmvbsc Pennay ChewnTex PepsiCo Herat Nash Citorp Che & Ng Carmel Lote A ConAgra NY GrownHold GrownHold NY 682 +3 ~2B AoyiDur Setaitia Aie Dery Industrals Sear Nyre BoweMed GenelTe DukeBay NY SouthaCe EnPro NY Swateathitl Ny ExxonMbl Santiero NASA Af Iy Russell Forim NY TRU Cons VST Wilshire jLucent TweWant Pet Min Init Emc Cp Unkatn Tigan AY Incas P. MP ADC Pfizer Wnealig Ussteat Ape Invants Veritas YanzonGin EE AL Teverss Aetparace Vokima Assomalad
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Craddick weighs long term fix for Texas school funding

Texas House Speaker Tom Craddick says he and lieutenant governor will work with educators before any new special session to win support for a major overhaul of school financing. He calls for a long term solution including a new broad business tax, replacing the franchise tax, and rejects stopgap measures aimed at avoiding court action.

MENTIONED IN THIS ARTICLE

Austin Tom Craddick Craddick Associated Press Rick Perry Spe Cial The Perry Texas House House Feaders
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Cheney rallies for Congress hopeful in Texas events

Vice President Dick Cheney defended the war effort at Houston and Dallas fundraisers for Republican congressional candidates. He asserted the nation will engage the enemy overseas and must win the fight on offense, warning against returning to pre September 11 complacency.

MENTIONED IN THIS ARTICLE

Waco Dick Cheney Texas Afghanistan Cheney Houston America
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SBC and union resume bargaining in labor dispute

The Communications Workers of America and SBC Communications resume talks after a day of walkouts across 13 states. About 100,000 SBC employees are represented by the union, with jobs being filled by managers and retirees amid concerns over contracting and offshore workers. John Kerry weighed in, questioning SBC's use of lower paid contractors in tech areas. Deals with Austin and Pleasanton talks planned, while network reliability remained high.

MENTIONED IN THIS ARTICLE

San Antonio SBC Communications Inc Chicago New Haven Johnson SBC Walt Sharp Detroit Los Angeles Sharp John Kerry Edward Whitacre Kerry CWA U.S Tom Bentz SNP Paribas Commodity Futures New York Bentz
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Oil prices fall after Saudi pledge to raise output

Oil prices dropped as much as one dollar as Saudi Arabia proposed raising OPEC output by 2 million barrels per day to ease jitters and safeguard global growth. Ali Naimi said a June rise of 500000 bpd would be tested after reviewing supply demand estimates.

MENTIONED IN THIS ARTICLE

Washington Saudi Arabia OPEC Ali Naimi Naimi United States Exchange GPEC London Brent International Petroleum Exchange
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Also Mentioned on This Page

By Michael P. Regan Jason R. Graybeall Harry Cabruck Midland Nadine Congress TA. Badger Organization of Petroleum Exporting Countries Amsterdam New York Mercantile Eter Ag Tat Jennifer Miarcon Edward Jones Individ Wate Mer Pestis Cme Stephen V. Takach Alexander Baytown Mamhér SIPC Monument Inn NTA Community Resource Cnd Ercw.org Sen Taras Kenwood Hes Baytown Sun
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