Oil and Auto Lead Mild Market Rally in Slim Trade
Oil and auto issues helped a small stock market rise as the Dow gained 10.89 points to 3406.99 while volume reached about 215.7 million shares. The session showed a balanced advancers and decliners, with investors cautious after recent volatility. Factory orders climbed 1.0 percent in April marking a fourth straight monthly rise and signaling possible momentum in the economy.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commerce Department
UEC Amella IYSE Issues Sandated Wading 1992 Uz
UEC Amella IYSE faces concerns over sandated wading practices in 1992 period, with officials investigating alleged environmental impact. Community groups urge action as records show prior warnings, while authorities review compliance and safety standards.
MENTIONED IN THIS ARTICLE
UEC
Amella Iyse
Wall Street Mixed With Heavy Volume And Wide Swings
The New York Stock Exchange showed a broad mix of gains and losses across many issues with heavy trading activity. Traders watched notable moves in several listings as prices swung and market breadth varied amid mixed economic signals.
Bank wins injunction barring loan sell-off
In Houston a federal judge granted a temporary injunction to First National Bank of Bellaire and two sister banks to stop a forced sale of about 35 million dollars in loans to multimillionaire shopping center magnate Jerry J. Moore. Judge John Rainey overruled OCC demand to halt new loans and to plan reducing exposure to 23 Moore-backed corporations totaling over 20 million in loans. The entities own more than 200 shopping centers across the region.
MENTIONED IN THIS ARTICLE
Houston
First National Bank of
Bellaire
U.S
John Rainey
Office of the Comptroller of the Currency
Jerry J. Moore
Maude Creek Bank
Katy
Texas National Bank of
Baytown
Rainey
OCC
Moore
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