Amtrak threatens to end long distance train service
Amtrak warns Congress it will discontinue 18 long distance routes this October if it does not receive 1.2 billion dollars for the next budget year. President George Warrington cites a 5.8 billion dollar backlog and says the plan could cut 1,000 jobs and save 285 million in the current year. The moves would affect storied trains such as the Southwest Chief Crescent and Empire Builder as lawmakers defend the service.
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Washington
Amtrak
Congress
National Passenger Railroad
George Warrington
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Chicago
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Crescent
New York City
New Orleans
Seattle
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Northeast
Unemployment rate falls to 5.6 percent in January
The Labor Department reports a 5.6 percent jobless rate, down 0.2 points from December driven by a 924,000 drop in the labor force rather than more hiring. Economists warn the rate will rise as firms delay rehiring amid a sluggish recovery and expect 6.5 percent by June before easing late the year.
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Washington
Labor Department
Stuart Hoffman
PNC Financial Services Group
Carl Tannenbaum
LaSalle Bank
ABN Amro
Wall Street retreat after two day rally weakness shown
NEW YORK AP Wall Street retreated as investors took profits from a two day rally with technology shares leading the fall. The Dow fell 12.74 to 9907.26 and the Nasdaq slid 22.79 to 1911.24 while the S P 500 declined 8.00 to 1122.18.
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New York
Wall Street
Standard & Poor
Dow Jones Higher at Close Amid Mixed Tech Moves
The Dow Jones Industrial Average closed at 9,907.26, up 12.74 points from the prior session, while the Standard & Poor’s 500 stood at 1,122.20 and the Nasdaq Composite reached 1,911.24 with a 22.79 rise. NYSE volume revised to 1.38 billion and total consolidated issues traded were 5,328 with 1,460 up and 1,672 down.
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NYSE
Closing Stock Prices New York NYSE Most Active Stocks
New York Friday trading saw the most active NYSE stocks rise and fall with broad market moves. Traders watched major blue chips and technology shares as everyday volume shifted amid earnings and economic data releases.
MENTIONED IN THIS ARTICLE
New York
NYSE
Grain futures slip as corn nears $2 on weak demand
Chicago AP notes corn futures extend losses for a fourth straight session with prices about 5 cents below a year ago. Soybeans drift lower in choppy trade while wheat edges up. March delivery figures show corn at $2.04 1/2, wheat $2.87, oats $1.98 3/4, soybeans $4.26 3/4 as markets oversold but lacking strong buy support.
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Chicago
Chicago Board of Trade
Stockyards Market Report from Springfield Illinois
Eastern Cornbelt carcass prices show uneven weakness with most prices down up to .50. BF ranges from 51.00 to 60.74 for 0.5 inch to 0.9 inch, while negotiated Illinois Direct Hogs Sows total 11,131 with light demand and steady to higher quotes for lighter loads. Regional hog weights 300–400 to over 600 pounds listed with varying 23.00 to 31.00 bids and boar prices mainly 12.00 to 27.00.
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Springfield
Illinois
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