Market jitters pull Dow Nasdaq and bank stocks lower
Bank of America faced credit loss rumors and a steep nearly 7 percent drop to 48. The downturn spread to J P Morgan Chase Wal Mart and Boeing with tech shares mixed as Cisco caved over 12 percent on earnings worries. Analysts warned of ongoing selloffs through winter while the Fed rate cut sparked a brief rally. The Dow finished the week down 124.84 points the Nasdaq off 62.87 and the S&P 500 down 21.93.
MENTIONED IN THIS ARTICLE
Bank of America
Dan Ascani
Gainesville
J.P Morgan Chase
Wal-Mart
Boeing
Microsoft
Hewlett-Packard
Goldman Sachs
Cisco
Borders Group
Nordstrom
Tony
Charles Pradilla
SG Cowen Securities
Fed
Labor Department
Dow
Ascani
Office Depot plans 50 store cutback and $110 million investment
Nelson, replacing David Fuente as CEO, unveils a plan to scale back expansion to 50 stores next year and invest $110 million in capital and operations. Analysts call it a first step to clean up the balance sheet amid strong competition, with shares up 11 percent to $8.13.
MENTIONED IN THIS ARTICLE
First Call
Nelson
David Fuente
David Buchsbaum
Wachovia Securities
Office Depot
Amy Ryan
Prudential Securities
Wall Street
Staples
Office Max
Thurmond's son seeks top federal prosecutor post in SC
Strom Thurmond Jr., two years out of law school and an assistant prosecutor in Aiken County, actively seeks the U S attorney for South Carolina. Endorsements from both parties bolster his bid though no official affiliation exists. His father Strom Thurmond would influence a Bush nomination, with Senate ratification typically favorable.
MENTIONED IN THIS ARTICLE
Columbia
S.C
Strom Thurmond
South Carolina
Strom Thurmond Jr
Senate Judiciary Committee
George W. Bush
Thurmond Jr
Senate
Aiken County
Barbara Morgan
GOP
Henry McMaster
McMaster
Clinton Bush clash escalates over orders and land rules
Clinton defends a flood of executive actions including 58 million acres off limits to road building and logging and a reorganization of counter intelligence. Bush allies push to reverse or study these orders while Norton signals tough confirmation hearings and lawmakers weigh legal routes to rescind rules.
MENTIONED IN THIS ARTICLE
Clinton
Fleischer
Bush
Congress
Jim Hansen
Utah
House Resources Committee
Senate
Circuit Court of Appeals
Virginia
Roger Gregory
D.C
Washington
White House
Jake Siewert
Siewert
Gale Norton
Denver
Secretary of the Interior
Teen actor Brad Renfro spared jail on yacht theft
A Broward County judge gave 18 year old Brad Renfro two years probation and ordered payment of 4204.55 to the yacht owner plus 141.02 to the Fort Lauderdale Police Department for investigative costs after Renfro and a associate tried to steal a 45 foot yacht from Holiday Harbor. The incident damaged the stern when lines snared the vessel and led to third degree grand theft and criminal mischief charges. Renfro had been in Fort Lauderdale filming Bully and has appeared in The Cure Telling Lies in America and Sleepers.
MENTIONED IN THIS ARTICLE
Fort Lauderdale
Fla
Brad Renfro
Renfro
Broward County
Ronald Rothschild
Rothschild
Holiday Harbor
Broward
Knoxville, Tenn
Jim Schutze
Bobby Kent
Circle of Friends
America
Madonna and Spears praise each other in Elle features
Britney Spears tells Elle she admires Madonna and cites her as a model of resilience. Madonna, 42, says she supports Spears and finds it unfair fans harshly judge the younger star, noting Spears is eighteen and still finding her way.
MENTIONED IN THIS ARTICLE
New York
Britney Spears
Madonna
Spears
Elle Magazine
Elle
Texas Lottery Draws Summary for Friday January 5
The Texas Lottery results show Texas Million numbers 8 53 35 18 with the cash five sequence 1 23 19 32 39 and the pick 3 sequence 7 1 3. Details reflect the daily drawing outcomes and prize structure.
Informed Source L M Boyd Ends His Final Column
L M Boyd writes his last column and notes contact options by email at sayhello LMBoyd.com and by mail at PO Box 99126 Seattle WA 98199.
MENTIONED IN THIS ARTICLE
L.M. Boyd
Sayhello
Seattle
Case Crumbles as Peter Limone Walks Free After 32 Years
In Cambridge, Massachusetts, Peter Limone, jailed for over 32 years in a mob murder he says he did not commit, is released after prosecutors drop the case. Newly found FBI files from the 1960s cast doubt on his guilt, revealing an informant list that excluded him and implicating the Boston FBI office in past corruption probes surrounding the Edward Deegan murder. The documents also connect to Joseph Barboza, a mob hitman whose testimony helped Limone’s conviction.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
FBI
Peter Limone
Boston
Justice Department
Limone
Edward
Teddy” Deegan
Joseph
Barboza
Odessa American masthead notice
The Odessa American newspaper details its publication information including address 222 E. 4th Street Odessa Texas and USPS post office details. It notes second class postage paid at Odessa and provides a post office box for address changes.
MENTIONED IN THIS ARTICLE
Odessa American
E. 4Th Street
Odessa
Odessa American Advertising Policy Notice
Odessa American reserves the right to accept or reject any advertisement. The American shall not be liable for errors omissions or the failure to publish any ad for any reason. The American will not be responsible for any representation of fact in ads.
MENTIONED IN THIS ARTICLE
Odessa
Also Mentioned on This Page
New York Stock Exchange
Thurmond
Strom Jr
Bill Miller
U.S. Chamber of Commerce
Miller
Norman Ornstein
American Enterprise Institute
Bill Clinton
Panama City
Victorino Lorenzo
Mel Gibson
Cusseta
Vietnam
Georgia
Fort Benning
Four Winds
Hal Moore
Moore
Gibson
John Wayne
Mel
Auburn
Ala
11Th
la Drang Valley
Seinfeld
Jerry Seinfeld
George Costanza
State Supreme Court
Michael Costanza
Long Island
Costanza
Queens College
Jason Alexander
Britney
TexAs Lottery
Texas
Readers
OAQ
Freedom.com
Oapa.com
Bill Salter
Wee
John Kerr
Tammye Mineo
Tyler Patton
Bill Mills
Frances Irvine
Wi News
Mail
Imo
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