Stocks rise after housing data and GE outlook
A stronger than expected October housing construction report boosted Wall Street as indices advanced led by General Electric. The Dow rose 66.30 to 9,690.46, Nasdaq gained 17.90 to 1,899.65, and S&P 500 increased 8.29 to 1,042.44 amid optimism for a improving economy and a proposed 1 cent quarterly dividend increase at GE.
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New York
Wall Street
General Electric Co
John Caldwell
McDonald Financial Group
Standard & Peer
Commerce Department
Oben
Kroger
Moss
OawenFr
Moran
Haske
PLO Wy
Lyander
Laemeh
Asconno FS
GaiPath
Patich
Haregp
JetSouth Merk NY
Idecs Lab
Cwtthain
Microsoft
SageWr
Metornia
Consecot
Nash
Penney
Ca Ware
PepsiCo
Ware
CocaCi
Bae
Arecol
Wetalita
WwanhoeEn
ConAgti
Ig Sane
Hangronh
MatMeSpf
Gmbr
Belling & Sa
Isi
Baia
TA St Tech
Disney NY
Schimb
DuPont
Sofutis
SautnnCo
jGenElec
DIA Diart
Oracle
Beaconp
Jeer
One Tech
Wallat
Housing construction hits 17 year high in October
Washington AP reports residential construction surged to a 1.96 million unit annual pace in October, the strongest since January 1986. Single family projects rose 5.7 percent to 1.62 million, while multifamily housing fell 3 percent to 319,060 units as mortgage rates remained favorable for buyers.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Creditors sue ex Kmart chiefs over lavish expenses
The Kmart Creditor Trust accuses former chief executive Chuck Conaway former president Mark Schwartz and four others of charging more than 1 billion in personal and business costs to the company while it fought bankruptcy. It cites home improvements car and driver expenses and a failed Blue Light Always campaign as part of alleged corporate waste.
MENTIONED IN THIS ARTICLE
Detroit
Kmart
Kmart Creditor Trust
Chuck Conaway
Mark Schwartz
Conaway
Schwartz
Wal-Mart
Brian Rosner
Crude futures retreat after Tuesday rally in New York
Crude oil futures closed slightly lower as supply concerns lingered. December light sweet crude settled at 32.92 a barrel, down 36 cents, with analysts noting OPEC supply dynamics and upcoming meetings. Heating oil and gasoline stocks shifted while Brent futures eased to 29.78.
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New York
Peter Beutel
Cameron Hanover
New Canaan
Conn
Tim Evans
IFR Pegasus
Organization of Petroleum Exporting Countries
Evans
OPEC
London
International Petroleum Exchange
Federal Energy Information Administration
EIA
Energy Department
Texas tech job losses shrink as 2003 outlook softens
Dallas area briefs report 61 000 tech jobs shed nationwide 11 percent drop with Texas at 478 900 tech workers by end of 2002. AeA places California as the leader with 994 700. national totals show a shrinking high tech sector and projected 5.73 million workers in 2003 after 6.5 million in 2001.
MENTIONED IN THIS ARTICLE
Dallas
Texas
California
Aea
Wade
American Electronics Association
House GKs penalties for mutual fund abuses
The House voted overwhelmingly to toughen penalties for mutual fund abuses and require more investor information. The bill would impose harsher penalties, seek more independent directors, and mandate fuller disclosure of fund fees and operations, though Senate action is unclear next year.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
FTAA draft approved amid opt out provisions in negotiations
Trade negotiators approved a draft FTAA text permitting opt out of some requirements as ministers from 34 countries prepare to meet. Canada Chile and Mexico pressed for more specifics while Brazil supported preserving the original draft. Oxfam praised the move drawing critique from the NGO about pressure on small economies.
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Miami
Canada
Chile
Mexico
Caribbean
Americas
Regis Arslanian
Oxfam International
FTAA
Oxfam
Mark Fried
United States
Bolivia
Peru
Ecuador
Colombia
Panama
U.S
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GE Outlook
HOPE
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Associated Press
Caldwell
Michael Palazzi
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General Electric
By Randi Goldberg
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Yaar
Sar
Dany
Baily Low
Sumas
Dow Ingustiais
TotbAze Baw Transportation
Dow Lutittes
S&p
Russell
Wilshire
Naii Obj
Sminst
American Funds
Incoa P MP
Icaa P le
Wsht’ P Ng Sia
Fidelity Invest
Contra XE Fesensy Invest
Magelin, Lo
Nave Lo
Russia
Iraq
Beutel
Erats
Mipauseton
Nsw
Neen eLizpe
Ascord
Zameene
Milton
Katherine Hanis
New Investment Professionals, Inc
Gall
Shayne Willams
Prosperty Bark
Mont Bebvieu
Vale
Stephen V
Takach
Alexander
Baytown
Receienes Batt
Edward Jones
Jennifer Marcontell
Rolingbrook
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Edward Jones Ark As
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Crat.org
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Tesas
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