Oil slide and Lowe's lift markets on Monday
Turbulent oil prices and strong results from Lowe's Cos boosted investor mood as stocks rose. The Dow advanced 35.70 to 11,097.55 while the Nasdaq gained 20.14 to 2,307.18 amid broad gains and higher volume.
MENTIONED IN THIS ARTICLE
Lowe's Cos
Chris Johnson
Schaeffer’s
Cincinnati
New York Stock Exchange
Energy futures fall as Iran Russia announce enrichment venture
Oil prices declined with light crude at 61 dollars a barrel after Iran and Russia announced a joint uranium enrichment plan. Gasoline and heating oil futures also dropped while natural gas slid on forecasts for milder U.S. temperatures.
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Iran
Islamic Republic
Russia
New York Mercantile Exchange
United States
Treasury T-bill rates rise to five-year high
The Treasury Department sold 21 billion dollars of three month bills at a 4.510 percent discount rate and 19 billion dollars of six month bills at 4.580 percent, both up from last week. The three month rate matches the high seen on March 12, 2001.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
ATA Airlines Emerges Leaner After Bankruptcy Filing
Indiana based ATA Airlines and its parent ATA Holdings Corp. exited Chapter 11 bankruptcy with a smaller fleet fewer destinations and half its labor force cut. The carrier aims to attract vacation travelers and return to profitability alongside other airlines that recently shed bankruptcy protection.
MENTIONED IN THIS ARTICLE
ATA Airlines
ATA Holdings Corp
ATA
United Airlines
Hawaiian Airlines
US Airways
America West Holdings Corp. Gazette Wire Reports
Farmers weigh farmer owned ethanol plants amid finance shift
In Missouri and nationwide farmers fund and control ethanol plants amid a changing finance landscape. Of 42 plants under construction, six are farmer owned, contrasting with the 1990s when co-ops built many new facilities. Investors seek deals to keep capital rural and sustain grain prices.
MENTIONED IN THIS ARTICLE
Laddonia
Roger Young
Missouri
Young
Ron Miller
Aventine Renewable Energy Inc
Aventine
New York
Metalmark Capital LLC
Morgan Stanley Capital Partners
Geoff Cooper
National Corn Growers Association
Pat Stemme
Stemme
Brain Companies
South Dakota
Jeff Brain
Institutional Investors
Brain
Gaso
Breeding Greyhound Winners Thrive Amid Setbacks
Greyhound breeder Bob Rider of Vinton reflects on his dogs’ highs and a recent near miss in the Million Dollar Race at Derby Lane, St. Petersburg. JS Im Seem Red earned 600 dollars, still a winner as Rider scales back his operation from 362 to 65 dogs after 20 years.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Ine Gazette
Vinton
Bob Rider
Derby Lane
St. Petersburg
Fla
JS Im Seem Red
Million Dollar Race Kicks Off at Derby Lane in Florida
The Million Dollar Race for greyhounds at Derby Lane in St. Petersburg began elimination rounds on Feb 11 and will conclude Saturday with a record $500,000 prize for the winner. Viewers in Iowa can watch via simulcast at Dubuque Greyhound Park and Casino and Prairie Meadows in Altoona. Competing Iowa dogs include Your Lucky Charm, Can and Will, Senator Gellar, and That's a Fact, with JS Im Seem Red listed among entrants.
MENTIONED IN THIS ARTICLE
Derby Lane
St. Petersburg
Fla
Joe Becker
Earlville
Mary Robinette
Elliot
Housing boom shows signs of softening in January sales drop
The Commerce Department reports a 5 percent drop in new single family home sales to 1.233 million annual pace in January, the slowest since January 2005, with 528000 unsold homes, while starts rose 14.5 percent. Analysts foresee slower price gains and a moderating housing market rather than a crash.
MENTIONED IN THIS ARTICLE
Commerce Department
Ian Shepherdson
U.S
Federal Reserve
Ben Bernanke
Congress
David Seiders
National Association of Home Builders
Investors eye foreign stocks as U S funds flow continues
Foreign shares attract American money amid record inflows in 2005 and gains in markets like India and Brazil. Risks loom with Japan rate rises and currency swings, prompting caution from Wall Street while Americans hold to steady long term plans.
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U.S
Japan
Iceland
Wall Street
Morgan Stanley
India
Brazil
U.S. Standard & Poor
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