Market Watch Summary November 9 2004 Dow Nasdaq figures
Market watch for November 9 2004 shows Dow Jones industrials details with 1 903 advance 1 363 decline and 156 unchanged on volume 1 856 585 120. Nasdaq diary records 1 733 advances 1 353 declines 168 unchanged on volume 1 697 126 086.
Energy leases 31000 acres in western Colorado auctioned
The Bush administration advanced energy development on government land by selling oil and gas leases on nearly 31,000 acres in western Colorado at Grand Junction. The sale raised about 3.7 million dollars, with leases approved pending resolution of environmental groups' objections. Environmentalists noted 15 parcels within six areas proposed for National Wilderness preservation were among those auctioned.
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Bush Administration
Colorado
Grand Junction
Colo
Department of Interior
Vaughn Whatley
Department
Bureau of Land Management
BLM
New York insurer Marsh & McLennan to cut 3000 jobs
Marsh & McLennan Companies Inc. the nation s largest insurance broker said it will lay off 3000 employees about 5 percent of its workforce due to fallout from a bid rigging probe by New York Attorney General Eliot Spitzer. It also reported a 94 percent drop in third quarter earnings and announced a 40 million agreement in principle with the SEC to settle allegations of brokerage allocation practices at its Putnam asset management unit.
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New York
Marsh & McLennan Companies Inc
Eliot Spitzer
Securities and Exchange Commission
Putnam Asset Management
Wheeling-Pittsburgh Steel posts 35.6 million third quarter profit
Wheeling-Pittsburgh Corp reports a third quarter profit of 35.6 million for the period ending September 30, equating to 3.42 per share on 401.8 million dollars in net sales from 535,575 tons shipped. CEO James G. Bradley says prices may dip briefly then rally in early 2005 while notes on debt reduction and stock offerings improve the balance sheet.
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Honda to expand Ohio plant and add jobs
Honda Transmission Mfg. of America Inc will nearly double the size of its RUSSELLS POINT plant, adding 100 jobs to reach 900 as it produces gears now made in Japan. The $100 million expansion, part of a $270 million Honda plan, shifts some gear production from Hamamatsu to Ohio to shorten logistics and boost assembly efficiency.
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Honda Motor Co
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Lincoln
Ala
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David Cole
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Mich
Daily Market Roundup Highlights Broad Market Movements
A compact market roundup covers notable moves across equities bonds and commodities. Analysts at major firms weigh in on inflation rates interest policy and earnings signals while investors seek guidance from global headlines and domestic sector shifts.
FCC ruling could spur more Net phone service
The FCC votes 5-0 to pre empt state authority over VoIP firms like Vonage, limiting state utilities regulation for Internet based calls. The decision could trigger a rush by regional phone giants and cable firms into low cost high tech telephony. Calls may originate anywhere with little regulatory difference.
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Washington
Federal Communications Commission
FCC
Vonage Holdings Corp
India
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