Market Watch May 3 2005 Summary
Market report shows total advances 1612 and declines 1678 with 158 new lows and 95 new highs. Volume totals 2,187,620,340 with 584.48 value and 10,256,95 figures noted. market activity remains unchanged in limited sections.
Shell and Libyan National Oil Sign Long Term Gas Deal
Royal Dutch Shell and Libya's National Oil Corp announce a long term gas exploration and development agreement. It covers upgrading the Marsa Al-Brega LNG plant and five Libyan Sirte Basin areas. Shell notes its return to Libya follows improved Western ties since 2003.
MENTIONED IN THIS ARTICLE
London
Royal Dutch
Shell Group
Cos
Libya
National Oil Corp
Shell
Marsa Al-Brega
Libyan
Sirte
West
Oil prices slip to 49.50 a barrel on NYMEX
Oil futures closed below 50 a barrel as traders anticipated a US petroleum report later in the week. Light crude for June delivery settled at 49.50 a barrel on the NYMEX, with unleaded gas at 1.4594 and heating oil at 1.4360 per gallon.
MENTIONED IN THIS ARTICLE
New York
U.S
New York Mercantile Exchange
Northwest CFO Bernard Han resigns from Northwest Airlines
Bernard Han, chief financial officer of Northwest Airlines, has resigned. The company did not disclose a reason and its shares fell to a yearly low in morning trading. Neal Cohen, 45, was named CFO, previously serving as CFO for US Airways Group from 2002 to 2004 and holding various roles at Northwest from 1991 to 2000.
MENTIONED IN THIS ARTICLE
Minneapolis
Northwest Airlines Corp
Bernard Han
Han
Northwest
Neal Cohen
Cohen
US Airways Group Inc
America West Airlines
AMR Corp
American Airlines
Unemployment Rises in Euro Zone to 8.9 Percent
Luxembourg reports March euro zone jobless rate at 8.9 percent, up from 8.8 percent, about 12.8 million unemployed in the 12 nations. EUwide 25 nations hold steady at 8.9 percent, around 19.1 million unemployed.
MENTIONED IN THIS ARTICLE
Luxembourg
European Union
Eurostat
Fed raises rate eighth time in a year amid slow growth
The Federal Reserve lifted the federal funds rate to 3 percent for the eighth time since last June, signaling continued gradual increases despite a slowing economy and rising inflation pressures. Markets reacted as Wall Street moved into negative after the announcement.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve
Federal Funds
Central Bank
Alan Greenspan
Wall Street
David Jones
DMJ Advisors
Freeze fear at Hidden Valley Farm pansy protection
Julie Cowan of Hidden Valley Fruit Farm moves pansies indoors to shield tender blooms after a forecast of a possible late spring frost. The farm sits along Ohio 48 just outside Lebanon, prepping beds and protective steps as cold air looms.
MENTIONED IN THIS ARTICLE
Julie Cowan
Hidden Valley Fruit Farm
Ohio 48
Lebanon
Detroit automakers dip in April sales as GM Ford fall
GM and Ford reported double-digit U.S. gains by Asia rivals yet both posted declines in April. GM's total vehicle sales dropped 7.7 percent with trucks down 17.2 and cars up 7.9. Ford fell 5.1 percent for its 11th straight YoY drop, with trucks down 6.4 and car lines down 2.4. Chrysler Group posted a 5.2 percent gain aided by brisk van and pickup demand.
MENTIONED IN THIS ARTICLE
Detroit
Asia
U.S
General Motors Corp
Ford Motor Co
Ford
DaimlerChrysler AG
Chrysler Group
Lincoln
Mercury
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Nyse Diary
Meke
Russell
The
Associated Press
Federal Reserve Board
Valig
Ron Alvey
COX News Service
Lucent
NYSE
MBIA
AMR
Masco
At&t
AMD
Merck
Aetna S
MerrillLyn
Agere
Micront
Alcoa
MorgStan
Allstate
Motorola
Altria
NatSemi
AmExp
Newmtm
AmintGp If
Newscpa N
Anheusr
Apache
ArchDan
NobleCorp
NokiaCp
Avaya
NortelNet
OcciPet
BP PLC
PepsiCo
BakrHu
Pfizer
BkofAms
Proctg S
BellSouth
Qwestim
Boeing
ReliantEn
BostonSci
Rowan
BrMySq
SBC Com
Calpine
Safeway
CaremkRx
St Paul Trav
Cendant
Sara Lee
ChevTex S
Schergp
Schimb
Citigro
Schwab
ClearChan
Solectra
Coachs
SwstAiri
CocaCol
Spratfon
Coeur
SunGard
ComScop
TV Aztecale
ConocPhil
TXU Corp
CopperCo
TaiwSemi
Corning
Target
TenetHit
Devon' S
Teradyn
Disney
Texinst
DowChm
DuPont
TimeWarn
DukeEgg
Transoen
Dynegy
Tycoint
Etrade
UPS
US Steel
Elan
UtdhithGp
EDS
UnumProy
Emrsne
ValeroEs
Exelon
VerizonCm
ExxonMbl
Viacom B
Fordm
Fried BR
Vishay Wachovia
WalMart
Gateway
WA Mult
Genentch
WellsFrgo
GenElec
Globalsfe
Wyeth
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XL Cap UN
Goodyear
Xerox
HCA Inc
Hallidin
Harley D
HartidFn
Hewlettp
HomeDp
IBM
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Lowes Cos
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Ieee
Bree
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