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Southern Illinoisan in Carbondale, Illinois

08 Aug 2006

Page 15

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Southern Illinoisan August 8, 2006 Page 15 old newspaper archives

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Aug 08, 2006

Page

15

Stocks Slip as Oilfield Shutdown Spurs Oil Rally

Oil prices surged after BPPLC shut Prudhoe Bay due to possible pipeline corrosion, pushing crude near record highs. The Dow fell 0.19 percent to 11,219.38 while the S&P 500 slipped 0.28 percent to 1,275.77 and the Nasdaq lost 0.6 percent to 2,072.50 as investors weighed Fed rate decisions and inflation risks.

MENTIONED IN THIS ARTICLE

New York Federal Reserve BPPLC Prudhoe Bay U.S New York Mercantile Exchange Fed Russ Koesterich Barclays Global Investments San Francisco Dow Jones Standard & Poor Nasda Standard Poor's Russell Brazil NYSE Japan IBM Aescorp AMR JohnJn Jpmorgch At&t Kinetics AbtLab Kohts AMD Lehmner Aetna LillyEli AffCmps Lockholm Alcatel Lowes Alcoa Lucent Altria Marathon AmExp Marshm AmintGp Masco AmTower Medtrnic Merck AonCorp Aramark Micront ArchDan Monsanto Bjsvcs MorgStan Motorola BakrHu MylanLab Nabors BkofAm NatSemi Bkny Newmtm BellSouth Newscpa BestBuy NorfikSo Boeing BostonSci NortelNt BrMySq Nucor CBS Peabdye Cvscp PepsiCo Caterpillar Pfizer Cendants Phelpsd ProctGam Chevron Chubbs Prudenti Citigrp CitzComm QwestCm ClearChan Realogy CocaCol Stude Cleur Sanofi ComScop SaraLee CVRD Schergpi ConocPhil Schimb Conseco Corning Seagatet CamwdFn Selectra Directv SwstAirs Disney SprintNex Dollarg Sunoco Symbit DukeEgg Sysco Emccp TaiwSemi ExxonMb TollBros Fedros Transcen Fordm UPS Usbancro Gap US Steel UtdTech Gateway Genklec Utdhith GnMott Valeroe Globalsfe VerizonCm Golderp WalMart Goldmans WellsFrgo Goodyear Wdigit Hcalinc WmsCos Hallibin Hewlettp Wyeth Hilton Wyndham HomeDp Xerox
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Wal‑Mart raises starting pay and adds job-specific caps

Wal‑Mart Stores Inc raises starting pay at about a third of its U.S. stores by an average 6 percent and introduces wage caps for each job type. The changes, effective in over 1,200 locations, aim to boost recruiting and mobility while keeping company costs steady. The plan follows Chicago's living-wage push and is described as unrelated to that ordinance by Wal‑Mart officials.

MENTIONED IN THIS ARTICLE

Wal-Mart Stores Inc U.S Wal-Mart Chicago Richard M. Daley Gerald Celente Trends Research Institute Rhinebeck N.Y Celeste John Simley Simley Wal- Mart WakeUpWalMart.com Chris Kofinis Don Gher Coldstream Capital Management Bellevue Wash Gher Bentonville, Ark Susan Chambers Chambers Sam’s Clubs
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Court rules IBM cash balance plan not age biased

A federal appeals court in Chicago ruled IBM’s 1999 cash balance pension plan was age neutral and did not discriminate against older workers. The decision ends the larger bid for a $1.4 billion settlement, though IBM will pay $320 million in a separate matter. IBM continues to shift away from traditional pensions to 401(k) style plans as it freezes new accruals.

MENTIONED IN THIS ARTICLE

Boston IBM Corp Big Blue IBM U.S Congress AARP 7Th District U.S. Court of Appeals Chicago Kathi Cooper Bethalto Ill Cooper Randy MacDonald James Klein American Benefits Council Appeals Court Armonk N.Y
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Durbin and Obama energize labor vote at AFSCME convention

At the AFSCME 37th annual convention in Chicago senators Durbin and Obama urged labor support before November. Durbin attacked the GOP on minimum wage and tax cuts while boasting a wind of change. Obama praised Newt Gingrich, said Democrats must present a plan for the 21st century worker and to expand organizing rights, overtime pay, Social Security and Medicaid.

MENTIONED IN THIS ARTICLE

Durbin Obama Chicago U.S Dick Durbin Barack Obama American Federation of State Hillary Rodham Clinton N.Y Senate Democrats Bush Washington Congress Afscme Illinois Barack Republican House Newt Gingrich Democratic Party Republican Congress
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Grain futures slip on CBOT with mixed losses

Chicago grain and soybean futures eased on Monday at the Chicago Board of Trade. Wheat for September delivery dropped to 3.93 dollars a bushel while September corn and oats fell to 2.39 and 1.81 dollars respectively and September soybeans declined to 5.67 dollars a bushel.

MENTIONED IN THIS ARTICLE

Chicago Chicago Board of Trade
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Stockyards Springfield Eastern Cornbelt carcass prices brief

Eastern Cornbelt carcass prices list by inch thickness from 0.5 to 0.9 bf with price ranges. Today's Illinois Direct Hogs purchases total 11 097 with trading steady and light to moderate demand. Hog price ranges by weight band 300 400 Ibs to over 600 Ibs and boar prices for under and over 300 Ibs.

MENTIONED IN THIS ARTICLE

Springfield Illinois
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BY Michael J. Martinez THE Associated Press Treasury Wall Street Brian Gendreau ING Investment Management Alcoa Inc Coke Sears Kroger Altria Group Inc ConAg Lee Ent Southern Co Ameren CVS Corp Southwest Apple Devon McDonalds Sun Micro Applied Materials Dillard's Metlife Super Valu Archer Dollar General Microsoft Unova DuPont Avaya Financial Mips Technologies US Bancorp Federated Dept Nbty Inc USG Baker Hughes Fifth Third Occi, Petrol Verizon Bemis First Data Corp O'Charley's Wachovia Bob Evans Ford Motor Co Old Nat. Banc Walgreens Boeing Gen. Dyn Olin BP Amoco Gen. Motors Snr Watson Pharma Pepsi Brunswick Harley Davidson Pepsi Americas Wendys Canadian Rail Harrah's CAT Intel Pier 1 CBRL Integra ProFac Coop Ciena Corp JC Penney Prudential CIFRA Jones Soda Qualcomm Oe the Associated Press Summerfield Subdivision Arbicola Villa Lake Harbor Drive Skyline Drive Judy Zeller Properties Kelly Zeller Properties, Inc Lt Canal Marion
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