Oil rises as OPEC output cut eyed and bond yields shift
Wall Street opened with modest gains as Iran's oil minister floated a possible OPEC output cut for January and bond yields inverted, signaling slowdown fears. The Dow rose 18.49 to 10,796.26 and Nasdaq edged up 2.05 to 2,228.94 while energy futures spiked. Crude settled at $59.82 a barrel and January natural gas futures climbed to $11.431 per 1000 cubic feet.
MENTIONED IN THIS ARTICLE
Wall Street
Lran
Organization of Petroleum Exporting Countries
Dow Jones
New York Stock Exchange
Iran
OPEC
New York Mercantile Exchange
TEC Industries Expands Orange City Plant
TEC Industries announces a 14,000 square foot expansion to its Orange City plant doubling size to 28,000 square feet and boosting jobs to about 120. The project follows TEC's August acquisition of California firm Quatro Composites and will absorb much of Quatro's Orange City production.
MENTIONED IN THIS ARTICLE
TEC Industries
Orange City
TEC
California
Quatro Composites
Quatro
Merger vote set on J and J Guidant deal
Guidant Corp. shareholders will vote January 31 on a 21.5 billion dollar offer from Johnson and Johnson to acquire Guidant. Boston Scientific has bid about 25 billion dollars in cash and stock as a competing proposal, with Guidant providing information but not recommending either offer.
MENTIONED IN THIS ARTICLE
Guidant Corp
Johnson & Johnson
J&j
Jeff Leehan
Guidant
Boston Scientific Corp
Boston Scientific
SEC
Gazette
Nuclear plant sale moves forward in Iowa
The Nuclear Regulatory Commission approved transferring the Duane Arnold Energy Center operating license to FPL Energy LLC as Interstate Power and Light progresses toward selling its 70 percent stake for about 380 million dollars. The sale to Juno Beach based FPL Energy aims for early 2006 closing amid state and federal approvals and ongoing regulatory reviews.
MENTIONED IN THIS ARTICLE
The
Iowa
Nuclear Regulatory Commission
Interstate Power and Light Co
Cedar Rapids
Duane Arnold
Palo
FPL
Interstate Power and Light
Federal Energy Regulatory Commission
Iowa Utilities Board
Illinois Commerce Commission
Public Service Commission of
Wisconsin
Minnesota Public Utilities Commission
Alliant Energy Corp
Madison, Wis
Duane Arnold Energy Center
Central Iowa Power Cooperative
Corn Belt Power Cooperative
Buyers of Element and Scion cars defy age targets
The Honda Element and Toyota Scion appeal beyond the expected youth market as older buyers boost demand. Jim Tudor, 56, from Newborn Georgia, shows the Element fits practical needs and high mileage, while Scion targets also attract buyers in their 40s to 60s, reshaping automaker marketing plans.
MENTIONED IN THIS ARTICLE
Jim Tu- Tex
Honda
Tudor
Two
Toyota
Art Spinella
CNW Marketing Research
Scion
Pontiac
Take Tudor
Newborn
Jim Tudor
Atlanta
The
Element
Lexus
Power Information Network
J.D. Power & Associates
Last-minute rush boosts holiday retail outlook
Retailers expect modest gains for the holiday season with a late surge and a hoped-for post holiday lift from gift-card redemptions. Officials project same-store sales up about 3 to 3.5 percent year over year, while ShopperTrak reports a 25.5 percent year-ago rise for the week and a 30.3 percent week-over-week gain.
MENTIONED IN THIS ARTICLE
New York
Niemira
International Council of Shopping Centers-Ubs
ShopperTrak Act Corp
Tax trap looms as AMT hits millions in 2006
The AMT threatens about 19 million taxpayers in 2006 if Congress does not fix it, up from 3.5 million this year. The rule raises taxes for middle income, with triggers including home equity loans used for improvements, large state and local taxes, big families, unusual income jumps, and exercising incentive stock options.
MENTIONED IN THIS ARTICLE
Congress
Senate
Bill Frist
House
Also Mentioned on This Page
Orange City Company
J&j-Guidant
1St Ave
15Th St
C.R. WalMart
Southwest CR
HandiMart
Dubuque & Market
J.C. BP
Coralville
Commission
George C. Ford
Iowa Office of Consumer Advocate
Iowa Consumer Coalition
Utilities Board
John Norris
Diane Munns
Alliant
George. Ford
Nations.com
U.S
Mark Templin
Michael P. Niemira
International Council of Shopping Centers
Jeff Brown
Philadelphia Inquirer
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