Stocks tumble as credit fears spike Wall Street week
On Friday major indexes sank after Bear Stearns CFO described credit turmoil as the worst in 22 years, with S P ratings leaning negative. The Dow fell 281 points to 13,182, as banks like Lehman and Merrill faced losses and American Home Mortgage halted new applications. Unemployment held near 4.6 percent while ISM nonmanufacturing declined to 55.8, signaling a slower economy amid tighter credit and bond gains.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Bear Stearns Cos
Sam Molinaro
Malone
Federal Reserve
Open Market Committee
Dow
United States
U.S
Treasury
Bear Stearns
Lehman Brothers Holdings Inc
Merrill Lynch & Co
American Home Mortgage Investment Corp
American Home
Countrywide Financial Corp
Labor Department
Institute For Supply Management
Thomson Financial
IFR
Dow Jones Sale Tests Family Control as Defense Against Takeovers
Rupert Murdoch's victory in acquiring Dow Jones & Co. shows family control is not an absolute shield against unfriendly bids. The Bancroft family failed to unite in opposition, revealing vulnerabilities even in highly dispersed families. Other publishers like The Times Co. and Washington Post Co. retain stronger family influence, while market conditions and online shifts keep newspaper stocks attractive to buyers.
MENTIONED IN THIS ARTICLE
New York
Rupert Murdoch
Dow Jones & Co
Wall Street Journal
U.S
Dow Jones
Bancroft
Murdoch
The
New York Times Co
Washington Post Co
McClatchy Co
Louis Ureneck
Boston University
Knight Ridder Inc
Tribune Co
Gannett Co
USA Today
Metro
Sulzberger
Closing Stocks Dip in Mixed Wall Street Trade
New York stocks edge lower on a broad selloff led by banks and energy names as buyers push some tech and consumer issues higher. Trading shows AMS, IBM, AT&T, General Electric and Exxon among heavily quoted names with notable price moves and volume shifts.
Hog market report from Stockyards Peoria Hogs
The Stockyards Peoria hog market shows moderate activity with barrows and gilts steady. Prices cited for 230-260 lb at 46.50-47.00, 260-280 lb at 45.00-46.50. Sows steady across weights 33.00 to 36.00, boars 13.00 over 300 lb and 29.00 under 300 lb.
MENTIONED IN THIS ARTICLE
New York
Ishemmkt
NYSE
Isheafe
Ishrest
Aescorp
Indymac
AMR
IBM
At&t Inc
Interpublic
AbtLab
Jpmorgch
AMD
Johnnn
AlcatelLuc
Kohls
Alcoa
Kraft
AldWaste
Lsicorp
Allstate
AmExp
Lowes
MBIA
Annaly
Macys
Avaya
McGrah
Bknymel
Medtcnic
Barrickg
Merck
MerrillSyn
Beatram
MetLife
BostonSci
Metropcsn
BrMySq
Micront
Citgp
Mirant
CvsCare
Moodys
Capone
MorgStan
Caterpillar
Motorola
ChesEng
MylanLab
Chevron
Nabors
CireCity
NatlCity
Citigrp
NatSemi
CocaCl
Newmtm
Coeur
Newscpa
CVRD
NokiaCp
ConchoRn
Nortellers
ConocPhil
Nucor
Corning
OcciPets
Peabdge
Cresre
Pfizer
Horton
ProctGam
Directv
QwestCm
Disney
Raitfin
DukeEggs
Radian
RiteAid
Emccp
Schergp
el PasoCp
Schimbrg
EDS
Selectra
ExxonMbl
SouthnCo
FannieMif
SwstAirs
FirstDatas
SovrgnBcp
Fordm
SprintNex
FredMac
Itgold
TainSemi
Fremontif
Gap
TetraTech
Gateway
Texinst
GenElec
GnMetr
TollBros
Genworth
Transccn
Globalsfe
Usbancro
UtdhithGp
Golderpg
Valeroe
Goldmans
VerizonCm
Hallibrun
Wachovia
Hewlettp
Hilton
Brazil
Japan
iShTaiwan
Alcoa Inc
Coke
Lee Ent
Sears
All State
ConAq
Southern Co
Altria
CVS Corp
Macy's
Southwest
Ameren
Devon
McDonalds
Sun Micro Apple
Dillard's
Super Valu
Applied Materials
Discover
Microsoft
Unova
Archer
DuPont
Mips Technologies
US Bancorp
AXA
Fifth Third
Nbty Inc
USG
Baker Hughes
First Data Corp
Bemis
Ford Motor Co
Verizon
Bob Evans Occi
Petrol
Walgreens
Gen. Dyn
O'Charley's
Wal-Mart
Boeing
Halliburton
Pepsi Wendys
Canadian Rail
Whirlpool
Intel
Pier 1
Ny Cat
Integra
ProFac Coop
CBRL
JC Penney
Prudential
CIFRA
Jones Soda
Qualcomm
Wachovia Cinf
Kinder Morgan Regions Financial
Securities, Inc. Clear Channel
Kroger
Ryerson Tull
SIPC
Grain futures rise on Chicago Board of Trade
Agriculture futures finished higher as wheat for September gained 5.75 cents to $6.4175 a bushel, corn for December rose 5.25 cents to $3.4125, oats for December up 1 cent to $2.70, and soybeans for November up 5.5 cents to $8.545 a bushel.
MENTIONED IN THIS ARTICLE
Chicago — Agriculture
Chicago Board of Trade
Judge allows Express IRA suits against H and R Block to proceed
A federal judge denied H and R Block Inc.'s bid to dismiss lawsuits alleging deceptive Express IRA marketing. Twelve consolidated suits claim customers faced undisclosed fees and misleading projections. H&R Block defends the product as beneficial with hundreds of thousands saving and tax gains.
MENTIONED IN THIS ARTICLE
H&r Block
Kansas City
H&r Block Inc
U.S
Richard Dorr
Express Ira
New York
Eliot
Spitzer
Supreme Court of New York
Also Mentioned on This Page
Tim Paradis
Associated Press
Mike Malone
Cowen & Co
Nyse Diary
Standard & Poor
S&p
Subodh Kumar
Subodh Kumar & Assoc
New York Mercantile ‘ Exchange
New York Stock Exchange
Hong Kong
China
Europe
Britain
Germany
France
Russell
Seth Satel
WalMart
WA Mad
WellsFges
WmsCos
Wyeth
Xerox
Yamanag
the Associated Press
Jonmstrom
City Hall
W. Broadway
Johnston City
Gerald Erwin
Carterville Community Unit
Tri-C
Cartervillelions.com
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