Stocks retreat on economic data and April gains
Wall Street slipped on Monday as investors booked some profits on the last trading day of April after a strong month. The Dow rose to a new high earlier, then pulled back ahead of ISM manufacturing data, with mixed signals from the Chicago PMI and personal spending. Analysts said sustained earnings will be needed to push markets higher.
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Institute For Supply Management
Chicago
Midwest
Dow
Verizon Communications
Wm. Wrigley Jr. Co
Kellogg Co
RadioShack Corp
Commerce Department
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Sonal
Alan Gayle
Trusco’ Capital Management
Google aids open government push with free tools
Google adds four states Arizona California Utah and Virginia to remove barriers that blocked access to tens of thousands of public records. The effort aims to broaden online access while privacy advocates warn about redacted data leaks and potential tracking concerns.
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OpenTheGovernment.org
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Electronic Privacy Information Center
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DoubleClick Inc
Mountain View
Calif
Italian firm to buy Dominions Gulf of Mexico assets
Dominion Resources Inc plans to sell its offshore U S oil and gas business to Eni SpA subsidiary Eni Petroleum Co for about 4.76 billion dollars. The Gulf of Mexico assets include roughly 967 billion cubic feet of gas and oil reserves and about 503 million cubic feet per day of 2006 production, representing 15 to 18 percent of Dominion's proved reserves. Proceeds will cut debt, fund share buybacks, and acquire other energy assets as Dominion refocuses on electric generation and distribution.
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Thomas F Farrell II
Eni
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Shelby G. Tucker
Banc of America Securities
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