Market Watch June 20 2005 NYSE Nasdaq diaries
Market diary shows NYSE advance 1 313 high new highs 1 959 declines 1 959? corrected figures then lows. Nasdaq advance 1 257 high new highs 1 774 declines 1 774? unchanged 160 volume 1 427 377 194 new lows reported but not clearly quantified.
Adelphia founder John Rigas gets 15 year prison sentence
New York Adelphia Communications founder John Rigas was sentenced to 15 years in prison for defrauding investors in what prosecutors called one of the largest corporate frauds. Judge Leonard Sand noted Rigas age and health in delivering the sentence.
MENTIONED IN THIS ARTICLE
New York
Adelphia Communications Corp
John Rigas
U.S
Leonard Sand
Rigas
Coke to look into labor practices in India and Colombia
The Coca Cola Co. said it will examine its labor and business practices in India and Colombia to justify keeping 1.3 million dollars worth of contracts with the University of Michigan. The Atlanta company has faced student questions about its overseas labor, environmental, and human rights record, which it has denied.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
Coca-Cola Co
India
Colombia
University of Michigan
Coca-Cola
Wall Street Holds Gains as Oil Tick Up Sparks Caution
Wall Street slipped modestly as oil prices neared $60 a barrel, sparking concerns over higher pump costs. Dow fell 13.96 to 10,609.11 while S&P 500 and Nasdaq dipped, bonds sold off, the dollar strengthened, and gold rose. Investors cited inflation relief and a Fed glide path, with sentiment that a retreat in oil could sustain a rally.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Joseph Battipaglia
Ryan Beck & Co
Federal Reserve
Battipaglia
Dow
Standard & Poor
Treasury
Oil prices climb to near sixty as demand grows
New York report shows light crude near 60 a barrel amid OPEC talks on raising output, with prices at latest settlement a record. Analysts debate whether the rally will continue as demand rises about 3 percent in four weeks to 9.5 million barrels per day while gasoline averages 2.16 per gallon.
MENTIONED IN THIS ARTICLE
New York
Tom Bentz
BNP Paribas Commodity Futures
New York Mercantile Exchange
OPEC
Organization of Petroleum Exporting Countries
U.S
Speculative buyers push Chicago home prices higher
Real estate activity in a suburban Chicago development shows buyers locking in units at 775000 and flipping to new owners for about 840000, as Elliott adds a buyback clause to deter rapid turnovers. Greenspan notes froth in some markets while nationwide prices rose 12.5 percent over the year, with Nevada and California leading gains.
MENTIONED IN THIS ARTICLE
Washington
Marsha Elliott
Elliott
Federal Reserve
Alan Greenspan
Chicago
Terrestril Development
MLC Homes
National Association of Realtors
Greenspan
Office of Federal Housing Enterprise Oversight
Nevada
California
Hawaii
District of Columbia
Florida
Thomas Lawler
Fannie Mae
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AK Steel
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