Market Watch Snapshot June 23 2005 Trading Session
Market data shows overall gains with Nasdaq advancing. Advanced issues numbers appear at 1,075 new highs against 634 to start, 2,198 new lows, with 157 unchanged. Volume totals reach over 2.2 billion shares. Nasdaq diary notes 918 advanced and 2,153 declined, 134 unchanged, volume about 2.03 billion shares.
Mortgage rates fall as sales stay strong
Rates on 30 year fixed mortgages averaged 5.57 percent, down from 5.63 percent, marking the second lowest level of the year. The decline supported record home sales, with May existing and new homes near all time highs, while the May sales pace reached 7.13 million units. In Detroit, Delphi Corp. appointed Robert S. Miller as chairman and CEO, insisting the company will not seek bankruptcy protection.
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Washington
Freddie Mac
National Association of Realtors
Detroit
Robert S. Miller
Delphi Corp
Miller
Associated Press
United Auto Workers
UPS and pilots talks enter recess in mediators push
A federal mediator ordered a recess in contract talks between UPS Inc and its pilots union in Atlanta. The interim pause follows negotiations on Wednesday and Thursday, with the company noting pilots cannot strike during the recess and reaffirming its second quarter earnings guidance.
MENTIONED IN THIS ARTICLE
Atlanta
UPS Inc
UPS
Payless hints HQ move from Topeka to New York City
Payless ShoeSource Inc filed Matthew Rubel employment agreement with the SEC and signaled a possible relocation of its corporate headquarters from Topeka Kansas to New York City. Rubel, a former Nike executive, is to become CEO next month as the chain operates more than 4600 stores globally.
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Topeka, Kan
Payless ShoeSource Inc
Topeka
New York City
Matthew Rubel
Securities and Exchange Commission
Rubel
Nike Inc
Oil climbs above $60 as markets weigh supply fears
Oil prices rose to $60 a barrel in a volatile session on the New York Mercantile Exchange, with August delivery at $59.42 after a $1.33 gain. Brokers cited tight supply cushion and limited U.S. refining capacity as key factors, while noting the move was driven mainly by speculation despite little sign of a demand surge.
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Washington
New York Mercantile Exchange
Tom Bentz
BNP Paribas Commodity
New York
Saudi Arabia
United States
U.S
Mike Fitzpatrick
Fimat USA
Nymex
London
Brent
International Petroleum Exchange
Sheik Ahmed Fahd al Ahmed al Sabah
OPEC
Tel
Organization of Petroleum Exporting Countries
Iraq
Vienna
Chinese bid for U S oil firm faces security hurdles
The unsolicited 18.5 billion bid by CNOOC Ltd to acquire Unocal Corp meets stiff regulatory scrutiny over national security. Chevron, with a separate 16.6 billion deal, says no increase is planned. Unocal’s board will weigh the CNOOC offer as Congress presses the administration to study security risks.
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Los Angeles
Cnooc Ltd
Unocal Corp
Chevron Corp
Unocal
Peter Robertson
Chevron
CNBC
CNOOC
E Segundo
Congress
Bush Administration
Treasury
John Snow
Bush
U.S
Senate Finance Committee
China
China Appraises Move on Unocal Bid by CNOOC
CNOOC Ltd of China bids 18.5 billion dollars for U S oil firm Unocal Corp seeking a broader global role. Unocal expects voluntary review from both sides and federal scrutiny is anticipated per officials. C S D'Amato says the deal is more than a business transaction.
MENTIONED IN THIS ARTICLE
C. Richard D'Amato
U.s.-China
Butler Warren home sales rise as May heat boosts market
Butler and Warren counties saw rising May home sales boosting the real estate market toward a 2004 record. Prices rose in several towns, led by Hamilton with 73 May sales and an average price of 105953, while Warren County sales reached 368, up 17.6 percent. Nationwide, 668,000 homes sold, with the average price above 200,000 for a second month.
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Hamilton
Butler
Warren
Cincinnati Area Board of Realtors
Doris Zehler
St. Clair Township
Butler County
Geoff Barnes
Trey Budke
Greater Cincinnati Mortgage Bankers Association
Budke
West Chester Township
Liberty
Fairfield Townships
West Chester
Liberty Township
Fairfield Township
Middletown
Warren County
Mason
Lebanon
Springboro
Franklin
Carlisle
Clearcreek
Deerfield
Ralph Blanton
Re/ Max Results
Morrow
Ohio Association of Realtors
National Association of Realtors
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Nyse Diary
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THE
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Cox News Service
NYSE
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AMR
At&t
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AMD
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BellSouth
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CMS Eng
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P&g
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REX Stores
Temple-inland
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Xerox Corp
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Financia
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Hallibin
Harley D
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IBM
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Lucent
Lyondell
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PepsiCo
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