Stocks slide on weak dollar and profit taking
On Monday the Dow fell 185 points amid a weaker dollar and profit taking after several weeks of gains. Disappointing retail data and a Court ruling affecting drug pricing weighed on sentiment. Major names like Pfizer Merck and Johnson & Johnson dropped while Genentech surged on positive Avastin news. Declining issues outpaced advances on the NYSE.
MENTIONED IN THIS ARTICLE
New York
Wall Street
United States
U.S. Supreme Court
Maine
Jim Russell
Fifth-Third Bank
Cincinnati
Dow
U.S. Treasury
John Snow
Lowe's
Mike Kayes
Eastover Capital
Charlotte
N.C
Supreme Court
Pfizer
Merck
Johnson & Johnson
WorldCom agrees to pay 500 million to settle SEC case
The SEC broadened its civil case to allege WorldCom misled investors as early as 1999. Executives faced criminal charges, with ex-controller David Myers pleading guilty and cooperating, and ex-CFO Scott Sullivan denying wrongdoing while free on bail. Other insiders pled guilty as WorldCom moves to MCI and relocates HQ from Clinton Mississippi to Ashburn Virginia.
MENTIONED IN THIS ARTICLE
Ally
SEC
WorldCom
Justice Department
David Myers
Scott Sullivan
Myers
Sullivan
Bernard Ebbers
MCI
Clinton
Miss
Ashburn
McPs
Washington, D.C
Chicago market dips on dry weather crop outlooks and cattle
Dry weather forecasts for the Midwest push corn and soybean futures down on the Chicago Board of Trade while wheat declines amid overbought fears. Live cattle and hog futures shift, with mixed moves across meat markets as Memorial Day cooking demand nears and local elevators publish varied price quotes for wheat corn and soybeans.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Midwest
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence North
Lawrence South
Pauline
NA. Com
Leading Economic Indicators Inch Up Amid Slow Growth
The Conference Board said its Index of Leading Economic Indicators rose 0.1 point in April to 110.6, signaling slow growth ahead. The coincident index slipped 0.1 to 114.9, while analysts tied readings to wartime effects and a weak labor market. Corporate and consumer confidence helped, yet manufacturing weakness persisted.
MENTIONED IN THIS ARTICLE
Conference Board
Iraq
New York
U.S
Research Institute
Ken Goldstein
Goldstein
Gary Thayer
A.G. Edwards & Sons
St. Louis
Also Mentioned on This Page
Home Depot
Russell
Bristol-Myers Squibb
New York Times
Genentech
Biotech
Campbell Soup
New York Stock Exchange
Daniel Bornschein
Lowe's Cos. Inc
6Th St
Lawrence Medical Plaza
St. Joseph
St. Joserx
London
Lea
London Metal Exch
Handy & Harman
Journal-World
Amanda Henry
Servic
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!