Stocks Fall on Weak Consumer Confidence Amid Oil Dip
Wall Street closed lower after a weekly slide as oil futures retreated from record highs but consumer confidence remained strained. The Dow fell to 10,397.29 and the S&P 500 and Nasdaq also declined. Treasuries rose modestly and the dollar was mixed. Merck shares slipped as Vioxx litigation looms, with a potential settlement on the first case.
MENTIONED IN THIS ARTICLE
New York
Wall Street
U.S
Gulf of Mexico
New York Mercantile Exchange
Arthur Hogan
Jefferies & Co
Standard & Poor
Treasury
University of Michigan
Dow
S&p
Federal Reserve
Alan Greenspan
United States
Fed
Hogan
Greenspan
Merck & Co
Merck
Cash on the sidelines could fuel stock gains in coming years
The article weighs how much cash sits outside equities and whether it can lift stocks. It notes mixed signals from housing, private equity cash, and corporations buying stock, with estimates of private equity funds at about 300 billion under management and potential buying power to fund roughly 8 percent of U.S. public-market value if borrowed to the limit.
MENTIONED IN THIS ARTICLE
EW York
Edward Yardeni
Oak Associates
U.S
Mitch Zacks
Zacks Investment Management
Zacks
Yardeni
Kohlberg Kravis Roberts & Co
Carlyle Group
Leon Cooperman
Omega
CNBC
Cooperman
Online printing battle pits giants FedEx Kinko's and Mimeo.com
Scripps Howard recounts the online printing race led by Mimeo.com and FedEx Kinko's. Mimeo operates a 140,000 square foot Memphis facility with 141 staff, printing up to a million pages daily for clients like Pfizer and Marriott. FedEx Kinko's touts a new Memphis center and a strong partnership with FedEx. Mimeo says it will stay ahead, while rivals claim superiority.
MENTIONED IN THIS ARTICLE
FedEx Kinko
FedEx
Mimeo.com
Tom DeGreve
Mimeo
Memphis International Airport
Boston
Arn? Pro
Pfizer
Marriott
TD Waterhouse
DeGreve
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David and Goliath
By David Williams
Scripps Howard News Service
Memphis
Adam Slutsky