Stocks Close Higher As Fed Holds Rates At 5.25
On Wednesday Wall Street inched up lifting the Dow to a new close as the Federal Reserve kept rates at 5.25 percent for a third straight meeting while signaling inflation readings have edged higher. Investors debated whether higher inflation could push the Fed to resume rate hikes though the statement stressed a moderate growth outlook. Analysts noted the hold suggested whatever soft landing the market expects may endure for a while.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
Drew Matuis
Lehman Brothers
Jerry Webman
Oppenheimer Funds
Baytown Chamber outlines visitor plan to City Council
Baytown Chamber of Commerce president Tracey Wheeler updated City Council on tourism efforts under a $45,000 city contract. The chamber opened a visitor center at 1300 Rollingbrook Dr, a printed visitor guide, and a mobile Discover Baytown exhibit. Wheeler announced plans for a regional tourism meeting and future events tied to the NHRA O’Reilly Spring Nationals, a Hot Rod Rally at San Jacinto Mall, and potential grudge matches at the track. The chamber receives about 250 visitor calls monthly and averages 2,500 website hits, with inquiries from 14 Texas cities and 16 states.
MENTIONED IN THIS ARTICLE
Baytown
Houston Raceway Park
Baytown Nature Center
Eddie V Gray Wetlands Center
National
O’ Reilly
Wheeler
San Jacinto Mall
Council
Sammy Mahan
Don Murray
Stephen DonCarlos
Texas
Bayer Baytown plant to absorb production from another facility
Bayer Material Science will expand MDI output at its Baytown plant next year by absorbing operations from a West Virginia site that closes June 30 2007. The move shifts the West Virginia site from commodity to specialty polymers production and affects about 230 employees. The Baytown facility continues to recover from the September 26 explosion that triggered force majeure and a legal suit by contractors amid ongoing investigations.
MENTIONED IN THIS ARTICLE
Bayer Material Science
Baytown
Cherie Laughlin
Bayer
Martinsville
Laughlin
West Virginia
Chambers County
Baytown Council Okays Land Use and Impact Fee Amendment
Baytown City Council on Monday approved an amendment to an ordinance governing land use assumptions and the capital improvement plan. The change raises the maximum impact fee per service unit for water and wastewater improvements, but the combined assessed fee remains 2,243.46 and the combined maximum per service unit is 3,840.65. City officials say developers will not face higher charges, and the Planning and Zoning Commission backed the amendment based on an PBS & J report as part of an updated water and wastewater capital plan to reflect anticipated growth and include new public benefit lines.
MENTIONED IN THIS ARTICLE
Baytown
Bob Leiper
Planning and Zoning Commission
Pbs&j
Gary Jackson
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the Market IN Review
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Saia Inc
Gettylm
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JaprNtw If
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AMD NY
Kroger NY
Landrys NY
Allstate NY
Lyondell NY
Ashland NY
Merck
Atmel If Nash
Oracle Nasd
Penney NY
CampSp NY
PepsiCo NY
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DukeEgg
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SP Engy Amex
EMC Cp NY
SunMicro Nasd
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Symantec Nasd
EntPrPt NY
TD Ameritz Nasd
ExxonMbl NY
FirstDatas NY
Txucps NY Fordm NY
Tellabs Nash
Tenneco NY
GenElec NY
Texinst NY
GnMott
3M Co NY
Warn NY
Hallibin S NY
Tycolntt NY
Unilevnv S NY
WalMart NY
Intnlhtr Amex
Wells Age S NY
JohnJn NY
Yahoo Nash
Bs Rae We Oe
Total Pet — Min Initins
American Funds
Capibap BL
Capwga P
EupacAp Il
Incoa P
Icaa P
Wsha P
Fidelity Invest
Divini I
Magelin LG
Janus
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Olympus
WindWr
PIMCO
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Rydex
OTC Xg
Admiral
Beverley S. Brown
Decker Dr
Immigration & Citizenship
Stephen V. Takach
Massabe
North Alexander Dr
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City Council
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Edward Jones
Nmkoogies Salon
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W. Baker Road
Sterling H.S
Tina Woolsey
Fay
Baytownsun.com
Oks
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