Stocks Rise On Optimism Ahead Of Key Earnings Week
Stocks edged higher for a fourth straight session as investors eyed earnings reports due later in the week. Motorola jumped after signaling a spin off its semiconductor unit, while PeopleSoft and Knight Trading posted gains on upbeat forecasts. Duane Reade tumbled on weak third quarter guidance amid slow sales. Volume was light due to Yom Kippur, with the Dow up 0.2 percent to 9,594.98 and the Nasdaq at 1,893.46.
MENTIONED IN THIS ARTICLE
New York
Motorola Inc
Semiconductor
I T
Motorola
Todd Leone
SG Cowen BS
Standard & Poor
Joseph V. Battipaglia
Ryan Beck & Co
Alcoa Inc
Yahoo! Inc
General Electric Co
PeopleSoft Inc
Knight Trading Group Inc
Duane Reade Inc
New York Stock Exchange
Japan
Europe
France
Britain
Germany
ConocoPhillips agrees to sell Circle K to Couche-Tard
ConocoPhillips plans to shed Circle K by selling its convenience store chain to Alimentation Couche-Tard for 830 million dollars including assumed debt. The deal, expected to close in Q4, will cut ConocoPhillips headcount by about 17 400 to 38 406 globally while Couche-Tard says it will keep most displaced workers. Couche-Tard operates over 2 500 stores in Canada and the Midwest with 20 200 employees. Circle K runs 1 663 outlets in 16 states with 350 franchised sites. ConocoPhillips will supply 4.2 billion gallons of gasoline annually to Couche-Tard for two to five years at market prices.
MENTIONED IN THIS ARTICLE
Houston
ConocoPhillips
Circle K Corp
Alimentation Couche-Tard Inc
Alimentation
Laval
Quebec
Canada
Midwest
Circle K
Scottish and Newcastle sells pubs hotels and more
Scottish and Newcastle PLC sells its pubs and hotels in a auction with Laurel Pub Co and Nomura Holdings competing offers. The move signals a shift from vertical integration toward a European model of production and distribution without direct consumer sales.
MENTIONED IN THIS ARTICLE
Scottish and
Newcastle
Lonodgn
Scottish and Newcastle PLC
Laurel Pub Co
Nomura Holdings Inc
Heineken
El Paso SEC Probe Focuses on Contract Restructurings
El Paso Corp says the SEC Fort Worth regional office will investigate the companys filings. The probe centers on power plant contract restructurings and related disclosures and accounting, notably the Eagle Point restructuring completed in 2002.
MENTIONED IN THIS ARTICLE
Houston
el Paso Corp
Securities and Exchange Commission
Fort Worth
el Paso
Asstated Press
Crude futures edge higher amid Nigeria strike talk and Syria events
Crude oil futures in New York and London rose slightly as traders weighed Israeli attacks on suspected terrorist camps in Syria, Nigeria's looming two week strike over fuel price hikes, and OPEC output cut concerns. Heating oil nudged up on cooler Northeast weather, while analysts noted a consolidation after Friday’s surge.
MENTIONED IN THIS ARTICLE
New York
Syria
Nigeria
Organization of Petroleum Exporting Countries
Tom Bentz
BNP Paribas
Nigerian Labor Congress
New York Mercantile Exchange
London
International Petroleum
New Hampshire sues major oil firms over MTBE pollution
Concord New Hampshire sues ChevronTexaco Irving Exxon Mobil ConocoPhillips and Shell for allegedly continuing MTBE additives in gasoline after knowing the water contamination risks. The suit seeks recovery to track and clean MTBE pollution with officials calling groundwater under attack and naming a string of long established oil companies.
MENTIONED IN THIS ARTICLE
Concord
N.H
New Hampshire
Peter Heed
County Superior C. Es
Mies
Valero
Michelle Firmbach
Irving Oi
Portsmouth
Lyondell Chemical Co
Houston
David Harpole
Craig Benson
Frank Massano
The
Oxygenated Fuels Association
MTBE
Congress
Massano
Heed
Benson
ChevronTexaco Corp
Irving
Exxon Mobil Corp
ConocoPhillips Co
Shell Oil Co
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Associated Presss
Belgium
Interbrew
Albertsons
Boise
Idaho
Albertsons Inc
Equal Employment Opportunity Commission
Karianne Cole
SEC
Ashland
Lypadell
NASA
Merck
AbleEnr
Mogsian
Amerat
Aygstair
Motorala
Jaccessph
LileHoan
HES Paoney Nya
Nortelinn
Sigmatr
ChevenTex
Cisco Nasd
PW Eagle
Staarsur
Disney Ny
Schegri
SBS Tech We
Elscint
Avalon
PopeRes
Sears
TslandPac
BirDril
Soluia
EnPro
Sento
Sante
Microsoft
GoMotrow
Theotute
Djia Diam
Rambus
Giflette
Amcos NY
BemaGold
Cisco
Goodicha
ADC Te
Heyrett P
UPIB
Biovail
iMadGareg
Nextel
Hormel Bia
US Steel
Bae -Aa
IBM
Walt
Jonni
St SA
Paani
Eusted
Weswee
Sen
Dow
S&p
Russell
Wilshire
Simins Asnatican
Inca P
Amercan
WshAp
Danus Mercury Fidelity Invest
Magein
Ea Sotto
Bik - Lipper
Ing Evi
Neoimom
Larry
Tim Evans
Snior
IFR Pegast
ExxonMobil
By Stephen Frothingham
Associated Press
Investment Professionals, Inc
Ppa
Warn Te
Freweer
Edward Jones
Merber Sip
Re Eeu Laurie A. Meee Aia EU
Stephen V. Takachi
Alexander
Baytown
Edwardjones Com
SIPC
Baytown Sun
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