Industrial Production Drops Slightly in October Amid Cooling Economy
Washington AP reports October industrial output fell 0.1 percent after September’s 0.4 percent rise, marking the year’s second decline. Factory and utility output slipped with warm weather boosting gas and electric production, auto and appliance declines, while inventories edged up 0.1 percent to 1.21 trillion.
MENTIONED IN THIS ARTICLE
Washington
The
Federal Reserve
Fed
First Union
Mark Witner
Invento
Ries
U.S
Analysts Skeptical of Western PNM Acquisition Plans
Analysts express skepticism about Western Resources merger with PNM. Moore questions earnings projections tied to accounting changes while Sterba notes Western's underutilized capacity and PNM's plan to apply its marketing strategy. The $1.5B stock deal includes $2.9B debt, forming a $4.4B entity expected to take 12 to 15 months with federal and state approvals.
MENTIONED IN THIS ARTICLE
New York
Western Resources
Western
Sterba
PNM
Albuquerque
Kansas
New Mexico
Market report from Dodge City and St Joseph livestock markets
Local markets show Farmers Cooperative Assn bought limited grain with no formal bids. Wednesday quotes list corn 4 cents loan deficiency payments, oats 17 cents, soybeans 87 cents. Trade quiet. sales to date 32,500 head, including 27,100 already contracted. St Joseph receipts 3,000. feeder cattle prices mostly steady to lower. hog receipts 400 head with higher barrows and gilts. Nonferrous metals and precious metals also reported with current quotes.
MENTIONED IN THIS ARTICLE
Local Markets Farmers Cooperative Assn
USDA
Dodge City
Dance City
St. Joseph
St.Joseph, Mo
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London Metal Exch. Wed
Handy & Harman
Scott Rice
Strong
Vermont
Scottrice.com
Niehoff Htg, & Air, Inc
Lawrance
Bullene
Hedges Real Estate Inc
HedgesRealEstate.com
Tallman
Limon Fine Jewellers
W. 23Rd
Sree Carteret R
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