Investors grab DSW IPO on strong stock debut
DSW Inc shares jumped 27 percent in the first hour on opening day trading at 24.05 on the NYSE after pricing 14.1 million shares at 19. Lehman Brothers led underwriters with a 2.1 million share overallotment option. Ohio AG Petro had sued to demand better efforts to contact 700,000 affected customers after a breach affected 1.4 million in 25 states.
MENTIONED IN THIS ARTICLE
Columbus
DSW Inc
DSW
New York Stock Exchange
Lehman Brothers
Ohio
Jim Petro
Oil Prices Fall as U S Supplies Rise
The United States reported higher stocks of oil gas and heating oil prompting a price drop. Crude futures slid over $3 in two days with August light sweet crude ending at $57.26 a barrel in New York.
MENTIONED IN THIS ARTICLE
Washington
U.S
New York
GM Ford Toyota lead in vehicle dependability survey
GM Ford and Toyota top independability in a J D Power survey of 50,635 owners of 2002 model year vehicles. Lexus led with 139 problems per 100, Hyundai improved most, while Kia worst at 397. GM claimed eight of nineteen segment wins as analysts note ongoing quality progress and future gains.
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J.D. Power and Associates
General Motors Corp
Ford Motor Co
Toyota Motor Co
Chance Parker
J.D. Power
Parker
Lexus
Toyota
Kia
Hyundai Motor Co
Hyundai
Ford
Annette Clayton
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Deborah Coleman
Ashland Sells MAP Stake to Marathon Oil for 3.7 Billion
Ashland Inc shareholders approved selling its 38 percent minority stake in Marathon Ashland Petroleum to Marathon Oil Corp in a 3.7 billion cash and stock deal. The exit ends 82 years in refining and marketing as MAP revenue and profits supported Ashland's chemical and construction segments.
MENTIONED IN THIS ARTICLE
Louisville
Ashland Inc
Marathon Ashland Petroleum LLC
Marathon Oil Corp
James J. O’brien
Ashland
MAP
Marathon
O’brien
Kentucky
Marathon Oil
Covington
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