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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jul 09, 2002

Page

5

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.

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.

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.

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.

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.

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.

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.

New York Merck Wall Street Standard & Poor Standard&Poors Bellwether IBM Wal- Mart Sears, Roebuck

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