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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 26, 2011
Page
5
General Motors cuts overtime shifts at the Flint Michigan pickup plant next month as slower demand prompts reduced output. The plant can make 900 trucks daily, while full-size pickup sales rose 9 percent year to July, below industry gains per Autodata Corp.
Hogs trading moderately active at 400 head. Barrows and gilts 1.00 lower with 1-2 230-260 lb at 63.50 to 64.00 and 2-3 270-280 lb 62.00 to 63.50. Sows steady across weights. 300-400 lb 64.00, 400-500 lb 64.00, 500-700 lb 67.00. Boars over 300 lb 21.00, under 300 lb 38.00. The Associated Press.
On the Chicago Board of Trade futures rose for wheat by 10.50 cents to 7.8775 a bushel, corn up 0.50 cent to 7.4350, oats advancing 9.75 cents to 3.78, while soybeans eased 0.75 cent to 13.9275 a bushel.
NYSE list shows numerous tickers with mixed closes. notable values include AmR at 3.41, Alcoa around 11.59, American Express near 48.09, Exxon Mobil at 71.77, Coca Cola 67.97, Disney 32.01, Chevron 95.96, Ford Motor 10.28, JP Morgan around 55.00, Walmart about 53.85, and Verizon near 9.85. market breadth and individual performances vary across sectors.
U S and European indexes fell sharply at opening and drifted near session lows, ending a three day rally. The Dow slid 170.89 points to 11149.82 as Bank of America jumped 9 percent on news that Warren Buffett would invest 5 billion. The S&P 500 fell to 1159.27 and Nasdaq dropped 48.06 points. Buffett's move boosted several banks while overall sentiment remained volatile ahead of Ben Bernanke's Jackson Hole speech. Labor data showed unemployment claims rising to 417,000 due to Verizon strike.
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