Stocks mixed as 4Q earnings loom and Fed rate cuts eyed
Wall Street closed mixed amid growing bets the Fed will cut rates to stave off a recession while awaiting fourth quarter earnings. Alcoa kicks off results as investors weigh credit crisis impacts, Iran tensions and housing market concerns, with major indices fluctuating and the Nasdaq extending losses.
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U S DOT to audit Chicago air traffic workload over fatigue
The U S Transportation Department will formally audit work conditions of Chicago area air traffic controllers at O’Hare Elgin and Aurora amid rising controller errors. The probe responds to Durbin request and follows GAO findings on near collisions and fatigue concerns.
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United Airlines stock drops on pilot actions cited by analyst
United Airlines owner UAL Corp shares slid 5.9 percent after Soleil Securities Group analyst James Higgins warned rising pilot dissent may curb flights and profits. He cited legal sick calls and work-to-book moves as factors worsening December delays amid weather and operational issues.
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Robert Mann
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N.Y
Northwest Airlines
Anheuser-Busch Ships More Beer in 2007 to Wholesalers
Anheuser-Busch reported a 2 percent rise in shipments to wholesalers in 2007, totaling 104.4 million barrels, up 2.1 million from 2006. CEO August A. Busch IV attributed gains to portfolio expansion and new Innev European brands, with fourth-quarter shipments up 3.4 percent.
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Anheuser-Busch
ST. Louis
Anheuser- Busch
August A. Busch IV
U.S
Stockyards prices and Illinois hog markets update
Eastern Cornbelt carcass prices range 0.5 to 0.9 inch bf from 36.50 to 49.95 per hundredweight with varying bids. Today's negotiated purchases total 16 482 head. Illinois Direct Hogs Laws show prices 1 to 2 dollars lower amid light demand and moderate offerings. US 1 3 300 400 Ibs cattle range 15.00 to 18.00, 400 500 Ibs 18.00 to 20.00, 500 600 Ibs 20.00 to 23.00, over 600 Ibs 22.00 to 24.00. Boars under 300 Ibs 11.00 to 18.00, over 300 Ibs 5.00 to 9.00.
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Springfield
Illinois
The
Associated Press
Closing Stock Totals From New York Market Summary
AP reports Monday close figures for leading NYSE listed stocks with prices, highs, lows and changes. Notable names include AT&T, Exxon, Apple, Berkshire, Google parent, JPMorgan, Bank of America, Boeing, Caterpillar, Chevron, Pfizer and Walmart among others showing varied gains and losses in a broad market wrap.
Grain futures slide on CBOT losses
Agricultural futures traded lower as Wheat for March delivery fell 28.5 cents to 9.03 a bushel. March corn declined 0.5 cent to 4.6625 a bushel. March oats slipped 3.25 cents to 3.265 a bushel. March soybeans dropped 12.75 cents to 12.4975 a bushel.
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Chicago
Chicago Board of Trade
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