Market Briefs From Wall Street And Global Trade
Snow disruptions close major U S exchanges and halt mutual fund pricing. grain and soybean futures plunge on rain boosted Brazilian harvest. CBS News leadership shift at CBS continues under Westinghouse ownership. GE unit eyes multi billion jet orders with Boeing and Airbus. Bayer AG to split stock and lower par value. Elan wins FDA approval for Naprelan with Wyeth Ayerst. multiple market moves across commodities and healthcare sectors.
MENTIONED IN THIS ARTICLE
General Electric Co
Jetliner
Boeing Co
Europe
Airbus Industrie
Wall Street Journal
Dealership gambled on free leases during snowstorm
Potamkin Auto Centers in Manhattan offered free leases on luxury cars if Central Park snow totaled over four inches on January 8. After a 20 inch storm, the gamble cost about 1 million dollars as 204 customers signed leases worth 908 thousand, with the dealer insured by a liability policy.
MENTIONED IN THIS ARTICLE
New York
Potamkin Auto Centers
Central Park
Lockheed Martin to Acquire Loral in $9.4 Billion Deal
Lockheed Martin to buy most of Loral Corp for about 9.4 billion dollars in cash plus assuming 2.1 billion in debt. Satellite business to form Loral Space and Communications with Lockheed taking 20 percent for 344 million. Per share value set at 45.50, total deal value over 10 billion to Loral shareholders.
MENTIONED IN THIS ARTICLE
NEW York
Lockheed Martin Corp
Loral Corp
Lockheed
Lockheed Martin
Norman Augustine
Bethesda
Loral Space and Communications Corp
Loral
Loral Space
Storm paralyses Northeast freight as airports and roads shut
The storm halted air and highway traffic from Richmond to Boston, delaying freight nationwide. John F. Kennedy and Logan airports faced delayed reopenings, while Manchester NH saw limited relief. Railroads reported fewer issues but staffing shortages challenged operations.
MENTIONED IN THIS ARTICLE
Knight-Ridder
Paul Karvlis
Jevic Transportation Inc
Delanco
N.J
Richmond
Boston
New York
Americans Believe Savings Crisis Threatens Retirement
A Boston AP survey finds 53 percent say experts predictions of a looming retirement crisis for baby boomers are very accurate, while 30 percent see exaggeration. Most respondents fear broader effects if boomers cannot support themselves, including more elderly workers and higher Social Security strain.
MENTIONED IN THIS ARTICLE
Boston
William Shiebler
Putnam Investments Inc
Stocks rise in brief holiday session amid blizzard delays
Wall Street opened late and closed early as an East Coast blizzard kept traders home. The Dow gained 16.25 to 5197.68, with volume at 130.36 million shares, and 21 Iowa stocks rose while 16 fell on the day. Rockwell, Raytheon, United Technologies and Equitable of Iowa posted gains.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Amex
Iowa
Rockwell
Raytheon
United Technologies
Equitable of
Also Mentioned on This Page
East Coast
New York Mercantile Exchange
New York Commodity Exchange
South American
Chicago Board of Trade
Brazil
Argentina
United States
CBS News
Andrew Heyward
CBS
Heyward
Eric Ober
Laurence Tisch
Westinghouse Electric Corp
Boeing
Bayer
Bayer AG
Arthritis
Elan PLC
U.S. Food and Drug Administration
Wyeth Ayerst Laboratories
American Home Products
Elan
Naprelan
New York City
John F. Kennedy International Airport
Logan International
Manchester
N.H
KCRG
Scityune
Source
Associated Press
Lowes Cos
American Stock Exchange
Intel
Wilshire Associates
Health Insurance
SEBA
INC
Buick Park Avenue
M.S.R.P
BUICK
Cadillac
Oldsmobile
First Avenue
Cedar Rapids
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