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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 25, 2006
Page
20
Stocks declined Friday in light trade as investors eyed holiday retail prospects and a weaker dollar. The Dow slipped 46.78 to 12280.17 and the Nasdaq fell 5.72 to 2460.26 while decliners outpaced advancers on the NYSE by about 6 to 5. For the week the Dow fell 0.51 percent and the Nasdaq rose 0.59 percent.
Oil prices fell for a second day as U S crude supplies grew. Light sweet crude for January delivery dropped 38 cents to 58.86 a barrel on the Nymex. Heating oil held near 1.6660 and natural gas rose to 7.784 per 1000 cubic feet.
HoneyBaked Foods Inc recalls about 46,941 pounds of cooked ham and turkey products that may be contaminated with Listeria monocytogenes. The potential contamination poses serious infection risks, especially to children and the elderly or immunocompromised.
Washington based Carlyle Group said it leads a group seeking an all cash purchase of Taiwan based Advanced Semiconductor Engineering for 5.94 dollars per ADR, a 13 percent premium. ASE ADRs rose 80 cents to 6.06 on the NYSE.
High traffic disrupted Wal-Mart Stores online service on Black Friday with blank pages and delays. WalMart.com spokeswoman Amy Colella cited a higher than anticipated surge as shoppers sought plasma TVs and other deals. Amazon.com also faced brief outages during its Xbox 360 sale, while NRF estimates and Cyber Monday expectations shaped the weekend shopping mood.
Eager shoppers jammed Corridor retailers during the post Thanksgiving rush with doors opening around 5 am at Best Buy and other malls. About 1500 lined up at Coral Ridge Mall while Cedar Rapids Lindale Mall drew around 12 000 through doors before 9 am as sunny, mild weather spurred strong turnout. Coupons and gift certificates drew many customers with tickets for specific items and a chance at prizes.
DealMine com aggregates discounts from affinity programs and credit cards helping users compare offers from AAA and AARP to Hertz car rental and hotel stays. The site lets users search by association or product, showing available savings and price comparisons from Shopping com.
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