Wall Street Closing: Guidant and Nasdaq Leaders Drift
New York AP reports Monday stock action with Guidant at 28.66, Harley-Davidson at 52.43, AES near 4.05, and IBM around 71.30. Active declines and gains appear across major names including AT&T, Microsoft, Pfizer, and Exxon, reflecting mixed investor sentiment on the NYSE and NASDAQ.
MENTIONED IN THIS ARTICLE
Alcoa Inc
Coke
Ameren
Lee Ent
Qualcomm
Conag
Lowes
Ryerson Tull
Apple
CVS Corp
May Dept. Stores
Sears Applied Materials
Devon
Archer
Dillard's Maytag
Solutia
Avaya Financial
McDonald
Southern Co
AXA
Dollar General
Metlife
Southwest
DuPont
Microsoft
Sun Micro
Baker Hughes
Eateries
Bemis
Mips Technologies
Super Value
Birm, Steel
Fifth Third
Nbty Inc
Union Planters
Bob Evans
First Data Corp
P-Com
Wachovia
Intel Penzoil
Walgreens
Canadian Rail
Pepsi
Wal-Mart
CBRL
Integra
Wendys
Chester Bancorp
JC Penney
Pepsi Americas
Worldcom Ciena Corp
Kerr McGee Pharmacia
Phillip Morris
Wachovia Cifra
Kinder Morgan
Pier
Securities, Inc
CINF
Kmart
Carbondale
Clear Channel
Kroger
ProFac Coop
Proxim Inc
NYSE
SIPC
NEW York
Hewlettp
Houshint
AbtLab
IBM
Accentren
Interpublic
AMD
Jpmorgch
Affcmps
Johnnn
Agere
LSI
Agilent
Lexmark
Alcatel
Libtyma
Alcoa
Lilly Eli
AllgEngy
Lowes Cos
Allstate
Lucent
Americdt
Medtrnic
Merck
Merrilllyn
Micront
BJ Soc
Mirant
BMC Sf
Bk of Am
Newmtm
Bkny
NokiaCp
Barrick
Nortel Nw
Baxter
Omnicom
BellSouth
Penney
BestBuys
Pepsico
Boeing
Pfizer
BrMySq
Calpine
CapOne
Prudentin
CardalHit
QwestCm
CaremkRx
RoylDut
Celestic G
SBC Com
Cendant
Safeway
ChevrnTex
Schergp
Citigro
Cocacl
Selectra
Conoco
SwstAirs
Corning
Spratfon
Deere
Spratpcs
Delphi
TRW
Disney
Target
Teradyn
el Paso Cp
Texinst
Elan
3McO
EDS
Transcen
Emulex
Tycointl
ExxonMbl
UtdMicro
Gap
WalMart
GenElec
Waters
WatsnPh
Gillette
WellsFrgo
GlobalsFe
WmsCos
GoldFird
Wyeth
Goldmans
Xerox
WorldCom executives clash over accounting improprieties
In Washington, WorldCom officials and former auditors argued over who bore responsibility for nearly 4 billion dollars in accounting irregularities. Former CEO Bernard Ebbers and CFO faced testimony limits, invoking the Fifth Amendment as Congress questions the firm's practices and related penalties rise.
MENTIONED IN THIS ARTICLE
Washington
WorldCom
U.S
Bert Roberts
Arthur Andersen
Andersen
Melvin Dick
Scott Sullivan
Sullivan
House Financial Services Committee
Bernard Ebbers
Reid Weingarten
Justice Department
Securities and Exchange Commission
Ebbers
Andersen Accounting Firm
Wall Street
Jack Grubman
Merck reports billions in uncollected revenue
Merck & Co. disclosed that its Medco unit recorded 12.4 billion dollars in co payments treated as revenue from 1999 to 2001, though these funds were never collected. The practice, tied to prescriptions for 65 million Americans, did not affect net income or earnings per share but spurred investor scrutiny amid broader accounting concerns.
MENTIONED IN THIS ARTICLE
Congress
Enron Corp
Global Crossing
Andersen
Enron
Pharmaceutical Titan Merck & Co
Bush
New York
Merck & Co
Merck
Medco
Merck-Medco
Chris Loder
Loder
PricewaterhouseCoopers
Securities and Exchange Commission
Merck- Medco
WorldCom
Alcoa
Oil prices slide on profit taking after holiday jitters
Crude oil prices fell in New York and London as profit taking followed fears of a July Fourth terrorist attack. Nearby August crude settled 73 cents lower at 26.12 per barrel, heating oil at 66.80 cents per gallon and gasoline at 76.14 cents after a 2.4 cent drop.
MENTIONED IN THIS ARTICLE
New York
Dow Jones News
Atlantic
U.S
Hogs and carcass prices rise across Eastern Cornbelt markets
Eastern Cornbelt carcass prices advance .50 to .75 with varying bids by thickness and cut. Illinois direct hogs show steady demand though light to moderate offerings pressuring prices from 16.00 to 22.00 for typical weights.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Grain futures take 3 percent drop as weather eases corn
In Chicago the AP notes a partial break in the Midwest heat wave spurs a broad selloff across grains. Corn futures slipped about 3 percent, erasing much of the weather premium, with December corn down to 2.39 1/2 per bushel. Wheat and soybeans also eased on weaker heat expectations.
MENTIONED IN THIS ARTICLE
Chicago
Midwest
Wall Street Dips After Merck Accounting Concerns
The Dow fell 104.60 to 9,274.90 as Merck and WorldCom accounting worries sparked profit taking. Nasdaq slid 3.0 percent to 1,405.61 while the S&P 500 dropped 1.2 percent to 976.98. IBM slid, retailers mixed, and investors fretted over earnings amid ongoing accounting scandals.
MENTIONED IN THIS ARTICLE
New York
Merck
Wall Street
Standard & Poor
Standard&Poors
Bellwether
IBM
Wal- Mart
Sears, Roebuck
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Ralph Acampora
Prudential Securities
Wall Street Journal
Merrill Lynch
Merck Medca
Texas Instruments
Dell
Bagyan Furniture
Frankfort
Mindworks
Greg Hassakis
CHT
Ramada Inn
Giant City Road
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Wall & Walnut St
Ashley Furniture
Bruce
Modern Tile & Carpet, Inc
Industrial Park Rd
Kincaid
Kentucky Oaks Mall
Jrsexecutiveinn
Mamelle Cor
Billy Ray Cyrus
Keith Urban
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Airvertre
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Suite