Greenspan warns gas prices may stay high into next year
Fed chair Alan Greenspan warned high natural gas prices could persist into next year and weaken some U S industries that rely on gas. He cited tight North American supplies and limited U S gas imports and urged expanding LNG imports to use world gas as a safety valve.
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Energy official touts Greenspan comments at Kansas summit
FERC Chairman Pat Wood III praised Greenspan as a trusted adviser as he spoke at the Kansas Transmission Summit. He cited high natural gas prices above six dollars per thousand cubic feet, caused by tight supplies and rising demand, and urged transparent pricing and more LNG and drilling.
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Mortgage firm executives resign as regulators probe firm
Freddie Mac reports federal regulators are investigating the mortgage company. Chairman and chief executive Leland Brendsel and executive vice president and CFO Vaughn Clarke resign. Glenn receives no special severance after firing. Deal terms with Brendsel and Clarke were not disclosed. Executives signed September 1990 agreements, before Freddie Mac began filing audited reports with the SEC.
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Stores to Open on Mass St Clothing for Young Shoppers
Nguyen plans a Mass Street clothing store targeting younger shoppers inspired by her family business. She notes two high schools and two universities ensure demand. Roly Poly Sandwiches aims for a mid July opening at 818 Mass with 50 tortilla wrapped sandwich styles. Barr says college towns favor healthier offerings and hints at a second location on 23rd Street by summer’s end.
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Grain and soy futures rise on CBOT amid funds buying
Chicago Board of Trade grain and soybean futures advance as large funds buy on technical signals. Wheat hits a three week high on fund demand, while corn, oats, and soybeans gain amid near term US government crop reports. Beef futures rise in CME trades with mixed pork. Local cash prices show varying values across Ottawa and area elevators.
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U.S. Department of Agriculture
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