Boeing wins NASA bid to build Ares I upper stage
NASA awards Boeing a base contract of 514.7 million with up to 610 million in options to construct the Ares I upper stage for a moon mission, with work centered at Michoud New Orleans and Huntsville Alabama, creating about 700 jobs in Alabama and Louisiana. The project forms part of NASA’s plan to return astronauts to the moon by the end of the decade, with contractors including Summa Technology, Hamilton Sundstrand, Moog, Northrop Grumman, Orion Propulsion, United Launch Alliance, and United Space Alliance.
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NASA
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Alabama
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Steve Cook
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Shuttle Electronics
Alliant Techsystems
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Alliant
Pratt & Whitney Rocketdyne
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Calif
Earth
Kraft CFO to retire this fall
Kraft Foods Inc announces chief financial officer James Dollive will retire this fall after nearly 30 years with the company. Timothy McLevish of Ingersoll-Rand will become CFO on October 1, with Dollive assisting to ensure an orderly transition. no exact retirement date given.
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Kraft Foods Inc
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Timothy McLevish
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Ingersoll Rand
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Closing Stocks on NYSE Active List Amid Turbulent Session
New York stock activity shows wide swings across many blue chips with Abt Lab and ExxonMobil among leaders in price shifts. Sector giants like Apple none shown, while indices reflect uneven demand, with notable moves in AT&T, Berkshire, JPMorgan and General Electric as investors reassess earnings outlook.
Stocks rally as investors hunt for bargains on rate cut hopes
Wall Street rebounded with the Dow up about 250 points as traders eyed a possible Federal Reserve rate cut. Bernanke signaled readiness to act while energy and tech stocks lifted markets. Treasuries fell as liquidity eased and oil prices climbed. Major indexes surged, oil and energy shares led, and analysts cited improved sentiment despite lingering economic concerns.
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New York
Federal Reserve
Fed
Ben Bernanke
Jackson Hole
Wyo
Wall Street
Bernanke
Charles Schumer
D-N.y
Federal Reserve Bank of New York
Seagate Technology
Altria Group Inc
Philip Morris International Cigarette
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New York Mercantile Exchange
U.S. Energy Department
New York Stock Exchange
Michael Sheldon
Spencer Clarke
Bear Stearns Cos
Lehman Brothers Holdings Inc
Goldman Sachs Group Inc
Free assessment offer from Commercial Images & Design
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Wheat futures rise on Chicago Board of Trade
Wheat for December delivery jumped 20.25 cents to 7.585 a bushel while December corn fell 4.5 cents to 3.4025 a bushel and November soybeans edged up 2 cents to 8.7425 a bushel as oats held at 2.5225 a bushel according to reports from Chicago.
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Chicago Board of Trade
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Stockyards Springfield Market Hogs and Prices
Eastern Cornbelt carcass prices per inch of bf range from 55.75 to 68.00 with 0.5 to 0.9 inch grades listed. Today's negotiated purchases total 13,645. Illinois Direct Hogs trades steady with moderate demand and offerings across weights 1 3 300 400 Ibs 32.00 36.00 up to 37.00 42.00 for over 600 Ibs. Boars under 300 Ibs 26.00 30.00 over 300 Ibs 11.00 14.00.
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