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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 10, 2004
Page
5
President Bush confronts rising fuel costs and weak job growth amid a push to defend tax cuts. He must choose between acknowledging policy problems or insisting recovery is underway while polls show Kerry leading on job creation. Democratic leaders tour Bush speeches to gauge public opinion.
Grain and soybean futures rose on the Chicago Board of Trade as September wheat advanced to 3.16 a bushel, September corn to 2.27, September oats to 1.33, and September soybeans to 5.78 a bushel, signaling a broad upturn in agricultural commodity prices.
Google Inc will surrender more than 300 million dollars in stock to Yahoo Inc ending a patent lawsuit over online advertising technology and resolving an old partnership dispute. Yahoo gains 2.7 million Google shares valued around 328 million dollars at Google IPO pricing. The deal comes days before Google prices its highly anticipated offering and shelves a potential legal risk.
Eastern Cornbelt carcass prices unavailable. Illinois Direct Hogs prices show steady trading with moderate demand and offerings. 300-400 lbs 46.00-48.00. 400-500 lbs 47.00-49.00. 500-600 lbs 49.00-51.00. over 600 lbs 51.00-53.00. Boars under 300 lbs 35.00-40.00. over 300 lbs 10.00-16.00.
New York markets closed narrowly mixed as investors awaited the Open Market Committee vote to raise rates to 1.5 percent. Oil prices hovered near 45 dollars per barrel with Yukos troubles sparking concern. Dow slipped 0.01 percent to 9,814.66 while S&P 500 edged up 0.1 percent to 1,065.22 and Nasdaq fell 0.1 percent to 1,774.64.
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