Market gains widen as investors shrug off oil fears
Stocks rose on Thursday led by the Dow up 91.48 points to 10,685.89 and the Nasdaq up 16.74 to 2,174.55 as strong earnings and a robust jobs report tempered worries about oil. Freddie Mac notes 30 year mortgage rates at 5.89 percent, the highest in four months, while 7-Eleven agrees to stricter age verification and tobacco signage restrictions in about 30 states to curb underage sales.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Freddie Mac
7-Eleven Inc
7-Eleven
Oil hits record as supply worries persist
Oil prices rose to 66 dollars a barrel and finished at a new high amid strong demand and tight supply. Barclays Capital analyst Orrin Middleton says gasoline inventory draws will keep concern high in the weeks ahead. The U.S. inventories report showed gasoline stock declines, raising fears of output disruptions while demand remains robust. An International Energy Agency 2005 demand forecast did not calm the market.
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U.S
Orrin Middleton
Barclays Capital
London
International Energy Agency
WorldCom architect Sullivan gets five years in fraud case
Former WorldCom finance chief Scott Sullivan is sentenced to five years for orchestrating the eleven billion dollar fraud. Judge Barbara Jones lauded his guilty plea and cooperation against Bernard Ebbers, while noting the high magnitude of his offenses. Sullivan, who will forfeit his Boca Raton mansion and retirement account, urged by his lawyer to show mercy for his family, including a diabetic wife and a daughter. He testified Ebbers urged him to hit the numbers and described the conspiracy that collapsed the company.
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New York
WorldCom Finance
Scott Sullivan
Bernard Ebbers
U.S
Barbara Jones
Sullivan
Ebbers
Jones
WorldComp
Boca Raton
Fla
WorldCom
Mississippi
Sulli
Van
Wall Street
Conservation will guide next farm bill at Iowa forum
AP reports U S Agriculture Secretary Mike Johanns said the upcoming farm bill will stress conservation while budget pressures may limit scope. He urged expansion beyond crop subsidies and cited Iowa as a model for conservation programs with incentives rather than mandates, backed by Governor Vilsack and Senator Harkin.
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Des Moines
U.S. Agriculture
Mike Johanns
Johanns
Washington
Nebraska
Iowa
Tom Harkin
Senate Agriculture Committee
Harkin
Towa
United States
American Eagle adds night flight to St Louis from Cedar Rapids
American Eagle will add an evening flight from The Eastern Iowa Airport to its St. Louis hub on Oct. 1. The 50 passenger regional jet departs Cedar Rapids at 8 10 p m and arrives in St Louis at 9 07 p m. Airport Director Dan Mann says the move shows Eastern Iowa Airport as a growing market. Pam Hinman notes the route is one of only two direct St Louis connections in Eastern Iowa and that larger aircraft will be used than on prior trips.
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Dave DeWitte
Gazette
American Eagle
Iowa
St. Louis
Cedar Rapids
Dan Mann
Mann
Burlington
Pam Hinman
Pfizer limits policy on advertising drugs
Pfizer pledged not to directly promote any new product to patients for six months after market release and to target only adult audiences for Viagra ads. The move follows industry guidelines aimed at clearer benefit risk communication amid scrutiny of drug advertising and past recalls like Vioxx. Regulators urged Pfizer to stop Celebrex ads and flagged Viagra advertising, while critics debate the effectiveness and enforcement of new codes. Public statements from Pfizer executives emphasized accountability and ad balance, with experts noting the need for broader regulatory action.
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New York
Pfizer Inc
Merck & Co
IMS Health
U.S. Senate
Bill Frist
R-Tenn
Frist
Pat Kelly
Pfizer
U.S. Pharmaceuticals
Howard Rubenstein
Rubenstein
Small fix ups boost home value and appeal
Practical tips to enhance selling potential without major work. Emphasis on quick fixes like repairing a roof and gutters, decluttering, cleaning, and neutral decor. Suggests self inspections, neutral colors, tidy landscaping, and inexpensive hardware updates such as $3 to $4 knob pulls.
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EW York
Krt
Shelley O’hara
Nancy Lewis
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David Toot
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State Fair
U.S. Agriculture Secretary
Tom Vilsack
Vilsack
Jim Ziebach
Jefferson County
Ziebach
U.d. Agriculture Secretary
David.dewitte
Gazettecommunications. Com
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