Stocks rise as GE and Siebel upgrades lift market
Wall Street extended gains for a fourth day as optimism about a sustained economic recovery grew. Dow rose to 9,568.46 while Nasdaq and S&P hit multi‑month highs. GE and Siebel gained on upgraded ratings.
MENTIONED IN THIS ARTICLE
Siebel Systems
New York
Wall Street
General Electric Co
Siebel Systems Inc
Standard & Poor
John C. Forelli
Independence Investment LLC
S&p
JP Morgan Chase & Co
Credit Suisse
First
Federal Reserve finds blackout had limited economic impact
The Fed snapshot shows five districts reported effects from the mid August outage but overall growth signals persisted in July and August. The energy issue sparked political debate as lawmakers weigh energy policy while economists expect the Fed to hold rates at 1 percent amid a recovering economy. Construction spending rose 0.2 percent in July to 879.8 billion, the highest since January.
MENTIONED IN THIS ARTICLE
Commerce Department
New York
Eliot Spitzer
Subodh Kumar
Cibc World Markets
Forelli
Washington
U.S
Federal Reserve
Fed
Cleveland
Atlanta
Chicago
Dallas
Bill Cheney
John Hancock
First National Bank to open second Baytown Kroger branch
In Baytown, First National Bank of Texas plans a January 2004 opening of a second branch inside Kroger at 1700 North Alexander Drive, following an existing Baytown Kroger outlet at 4533 Garth Road. The Killeen-based bank operates statewide with many branches in retail stores. Washington Mutual already runs a North Alexander Kroger branch nearby.
MENTIONED IN THIS ARTICLE
Baytown
First National Bank of Texas
Kroger
Garth Road
North Alexander Drive
WalMart
Washington Mutual
WorldCom case could affect Enron execs
In Houston, Bernie Ebbers faces fraud charges in Oklahoma, and experts say prosecutors elsewhere may feel pressure to pursue charges against Enron's Kenneth Lay and Jeffrey Skilling. Both executives had not been charged more than 18 months into the federal inquiry into Enron's 2004 bankruptcy. Staff and wire reports.
MENTIONED IN THIS ARTICLE
Houston
WorldCom
Bernie Ebbers
Oklahoma
Elewhere
Enron Corp
Enron
Kenneth Lay
Jeffrey Skilling
Traders wary of oil storage data
New York traders focus on heating oil as cooler Northeast weather ends summer driving. October heating oil futures edged up while distributors seek storage for November or December sale at breakeven or better amid tight room and rising demand potential. OPEC production policy worries persist as Nigeria, Venezuela, and Iraq face political unrest impacting supply.
MENTIONED IN THIS ARTICLE
NEW York
New York Mercantile Exchange
Northeast
Ed Silliere
Energy Merchant
Peter Beutel
Cameron Hanover
Nymex
Brent
London
International Petroleum Exchange
Beutel
Organization of Petroleum Exporting Counties
U.S
OPEC
Nigeria
Venezuela
Iraq
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