Wholesale prices drop as energy dives shift inflation outlook
U S wholesale prices fell 0 3 percent in April the first decline in 14 months driven by a 4 1 percent drop in energy amid volatile food costs Core inflation rose 0 1 percent vs forecasts Economists say Fed may lift rates by a half point at the meeting this week CPI data due Tuesday and the Fed decision will hinge on it News investors pushed the Dow up 112 and Nasdaq 102 points noting stronger economy and wage pressures
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Donald Ratajeczak
Georgia State University
Fed
CPI
John Hancock
William Cheney
Stocks rise as wholesale prices ease investors cautious
Stocks climbed on the back of a 0.3 percent April decline in wholesale prices, easing inflation fears. The Dow rose to 10,609.37 and the Nasdaq to 3,529.04, but late selling left gains modest as traders still expect a 0.5 percentage point Fed rate hike at Tuesday’s meeting.
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New York
Labor Department
Infla
Bayer praised for wildlife habitat at Robinson HQ
Bayer Corp in Robinson Pennsylvania maintains a 300 acre campus with forests meadows fields and a pond supporting bluebirds beaver red tailed hawks turkeys American kestrels Canada geese fox deer and various plants. Helge Wehmeier unveiled campus entrance signs marking the habitat as certified by the Wildlife Habitat Council which partners with more than 600 companies worldwide and has certified 260 sites.
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Bayer Corp
Robinson
Bayer
Helge Wehmeier
Wildlife Habitat Council
The
Habitat Council
Vanity e mail addresses spark identity business
Randy Barnett of Abilene Texas developed Mailspace com to sell vanity e mail addresses that reflect personal interests and identities. The firm partners with Rare Medium to provide hardware and bandwidth while listing names such as ElvisMail net BBQMail net and ProLifeMail com. The plan targets 2 million subscribers with potential growth to 10 to 20 million and currently operates with 4000 to 4500 active addresses.
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Abilene
Texas
Randy Barnett
Colorado
Barnett
Dallas
Rare Medium
ElvisMail.net
SendMoney.org
Ufomail.com
Bbqmail.net
IshMail.net
PartyMail.net
FeMail.org
MommyMail.net
AggieMail.net
ProChoiceMail.com
ProLifeMail.com
RepublicanMail.net
DemocratMail.net
Mailspace.com
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IBM Corp
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Lowe's Cos
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Mylan Labs, Inc
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Pepsico Inc
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Philip Morris Cos
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Rockwell Int'l
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Shoney's Inc
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By Don Hopey
Scripps Howard News Service
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