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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 08, 2003
Page
5
Arizona AG says Qwest will pay 3.75 million to the state for costs and a consumer education program to settle a fraud lawsuit. The payment is in addition to restitution to thousands of individual customers and includes bans on cramming and unordered charges.
AP report from Peoria stockyards shows hogs trading moderately active with barrows and gilts 1.00 higher. Lean quotes include 230-260 lb at 41.50-42.00 and 260-280 lb at 41.00-41.50. Sows steady across weights. boars vary from 10.00 for over 300 lb to 33.00 under 300 lb. Cattle: 125 head, steady trends vs last Monday. slaughter steers 2-3 1,050-1,350 lb 72.50-73.00, 1,050-1,250 lb 71.50-72.50, 1,000-1,200 lb 70.50-71.50. slaughter heifers 1,000-1,300 lb 72.50-73.00, 1,000-1,200 lb 71.50-72.50, 900-1,100 lb not fully quoted. cows not enough to establish market.
A surge of optimism about second quarter earnings pushed stocks higher on Monday. The Dow rose 146.58 to 9,216.79 and the Nasdaq topped 1,700 for the first time in 14 months, with analysts citing Microsoft dividend hopes and a Goldman Sachs tech spending outlook as drivers.
The Dow rose to 9216.79 with a 146.58 gain as Microsoft climbed 0.97 to 27.42 amid a Financial Times report of a potential 10 billion special dividend. Goldman Sachs' survey backing tech spend optimism lifted tech shares. tax cuts boosting after tax dividends also supported demand for dividend paying stocks.
U S District Judge Jed Rakoff approved an 750 million settlement between federal regulators and WorldCom saying a heavier fine would unfairly penalize 50 000 employees. The judge noted WorldCom’s overhaul under court monitoring and stressed past fraud must be punished while avoiding bankruptcy death penalty.
Substantial weekend rains across the Midwest reduced prices for soybeans and corn on the Chicago Board of Trade. Wheat also slipped as cooler, wetter forecasts and strong crop prospects dampened demand. September wheat down to 3.06, September corn at 2.19, oats at 1.28, August soybeans at 6.05.
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