Court rules in favor of software firms over music copyright case
The 9th U.S. Circuit Court of Appeals found Grokster Ltd and StreamCast Networks not legally liable for user file sharing, distinguishing them from Napster's centralized servers. Judge Sidney R. Thomas noted the software’s design and alternative uses lessen central responsibility for shared files. The ruling upheld a lower court decision that dismissed most of the suit.
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San Francisco
9Th
U.S. Circuit Court of Appeals
Grokster Ltd
StreamCast
Napster
Sidney R. Thomas
Thomas
9Th Circuit
Google goes public as shares surge on first day
Google stock rose about 18 to 20 percent in its debut, closing at 100.34 and raising 1.67 billion after an unusual auction aimed at broadening access. The company valued itself around 27.2 billion, with cofounders Brin and Page on paper worth over 3 billion each.
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Barry Randall
First American Technology Fund
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Salary.com
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Bill Coleman
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Larry Page
Page
Brin
Stocks drift as oil hits fresh high amid market lull
In New York, stocks fall as oil prices climb to a record, spurring caution ahead of Athens Olympics and the Republican convention. The Dow dips 42.33 points to 10,040.82, while the Nasdaq and S&P 500 also slide. Oil soars $1.43 to 48.70 as Iraq vows continued exports. Economic data show initial claims drop but exclude Charley impact, and July LEI falls for the second straight month, signaling a slowing recovery.
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Google Inc
Athens
Janna Sampson
Oakbrook Investments
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Standard & Poor
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Iraq
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Conference Board
Closing Stock Prices New York Exchange Stocks Report
NYSE listed stocks show gains and losses across IBM AMR AT&T JPMorgan Chase Exxon Mobil and many others with per share prices, highs, lows, and daily changes. The report lists numerous tickers including Coca Cola, Microsoft, Apple, Ford, Pfizer, Procter & Gamble, and Walmart among active movers, reflecting market activity on Thursday.
Leading indicators fall in July signaling slower recovery
NEW YORK AP The Conference Board reported a 0.3 percent drop in July for its Composite Index of Leading Economic Indicators to 1160, after a revised 0.1 percent decline in June. It marked over a year with negative momentum, as economist Ken Goldstein cited rising gasoline and milk costs and doubts about future growth.
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Conference Board
Ken Goldstein
Grain futures rise on CBOT amid mixed soybeans
In Chicago grain futures, wheat for September delivery gained 7 percent to 3.094 a bushel, September corn rose 3 cents to 2.29 a bushel, and September oats advanced 6 cents to 1.36 a bushel while September soybeans edged down 2 cents to 5.98 a bushel.
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Chicago
Chicago Board of Trade
Stockyards report shows lower Eastern Cornbelt carcass prices
Eastern Cornbelt carcass prices declined across all ribbed thickness ranges with 0.5 inch to 0.9 inch cuts down from 70.50 to 75.65. Illinois direct hog purchases totaled 16,969 with steady to slightly lower trade and light demand. Hog price ranges by weight span from 42.00 to 49.00 for various classes, boars mostly 35.00 to 36.00 under 300 pounds and 10.00 to 15.00 over 300 pounds.
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Alcoa Inc
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CVS Corp
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Lowes
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Intel
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Integra
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JC Penney
Wachovia Cinf
Kerr McGee
Securities, Inc
ProFac Corp
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Clear Channel
Kinder Morgan
Proxim Inc
NYSE
SIPC
Springfield
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