Senate approves harsher penalties for corporate fraud
The Senate voted 97 to 0 for new penalties to fight corporate fraud and document shredding as part of an accounting oversight bill. The move comes as Dow Jones drops over 280 points and Bush pushes for tougher measures to rebuild investor confidence amid ongoing accounting scandals.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bush
Dow Jones
Leahy
Enron
WorldCom
Small firms pitch homeland security tech on Capitol Hill
About 50 entrepreneurs showcased products on Capitol Hill, aiming to capture a share of a proposed 220 billion dollar homeland security market. RVSI Acuity CiMatrix displayed a barcode system to replace facial and fingerprint data, claiming five cent unit cost and uncounterfeitable IDs. Senators Kerry and Bond hosted the event highlighting opportunities for small businesses to contribute to national security, especially for smaller communities with limited resources.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Bond
Grain futures dip as rain drags corn prices in Chicago
Rain across parts of the Midwest pushed corn futures lower on the Chicago Board of Trade while soybeans fell and wheat advanced. Wheat for September delivery rose 44 cents to 3.24 a bushel as traders positioned ahead of Thursday's crop report. December corn eased 4 cents to 2.38. December oats slid 51 cents to 1.58. November soybeans dropped 1 cent to 5.15.
MENTIONED IN THIS ARTICLE
Chicago
Midwest
Chicago Board of Trade
Stockyards Springfield livestock prices and hog sales report
Eastern Cornbelt carcass prices fall 1.25 to 1.50 across several thicknesses from 0.5 to 0.9 inch bf. Today's negotiated purchases total 14,778. Hogs show steady to weak demand with light to moderate offerings. prices for 300-400 lb hogs 16.00-19.00, 400-500 lb 17.00-20.00, 500-600 lb 18.00-21.00, over 600 lb 20.00-22.00, with some 18.00. Boars under 300 lb 17.00-25.00, over 300 lb 8.00-10.00.
MENTIONED IN THIS ARTICLE
Finois
Dow slides to below 9000 on sharp stock retreat
Stocks fell sharply as General Motors and Ford downgrades spurred retreat. The Dow dropped 282.59 to 8813.50, its lowest close since Oct. 2 and its steepest one day loss since Sept. 20, while Nasdaq and S&P also hit five year lows amid earnings worries and market pessimism.
MENTIONED IN THIS ARTICLE
New York
General Motors
Ford
Dow
Standard & Poor
Dow Jones Ends Lower as Obstacles Rise Across Markets
The Dow Jones commanded 9,134.23 high, 8,811.70 low, and closed at 8,813.50 with a 282.59 gain. Broader indices showed mixed moves including S&P 500 at 920.47 down 32.36 and Nasdaq up 35.11 to 1346.01 while NYSE composite stood at 496.94 off 15.99. Volume figures show NYSE regular and after hours totals around 2.13 billion shares with 813 advancing, 2,402 falling, and 158 unchanged.
MENTIONED IN THIS ARTICLE
Alcoa Inc
Clear Channel
Lee Ent
Qualcomm
Ameren
Coke
Lowes
Ryerson Tull
Apple
Conag
May Dept. Stores
Sears
Applied Materials
CVS Corp
Maytag
Solutia Archer
Devon
McDonald
Southern Co
Avaya Financial
Dillard's
Metlife
Southwest
AXA
Dollar General
Microsoft
Sun Micro
DuPont
Mips Technologies
Super Value
Baker Hughes Eateries
Nbty Inc
Union Planters Bemis
Fifth Third
Birm
Steel
Occi
Petrol
Anova
Bob Evans
First Data Corp
O'charley’s
US Bancorp
Ford Motor Co
Old Nat, Banc
USG
Boeing
Gen Dyn
Olin
Verizon
BP Amoco
Harley Davison
P-Com
Wachovia Brunswick
New York
Jpmorgch
NYSE
JohnJn
Kroger
AOL
L-3coms
At&t
LillyEli
Accentron
Lockhdm
AMD
LowesCos
Agere
Lucent
Alcan
Marinta
Alcoa
Marsh' S
AmExp
McKesson
Medtrnic
Americdt
Mellon Inc
AmerisBrg
AnalogDev
Merck
Merrilllyn
MorgStan
BankOne
Motorola
NtSemi
BkofAm
Newmtm
Bkny
Barrickg
Nokia
Baxter
Nortel
BellSouth
Omnicom
BestBuys
Penney
BrMySq
PepsiBots
PepsiCo
Pfizer
Calpine
Capone Ai
PhilMor
Placerd
Celestic G
PrinFnel N Cendant
CitiComm
Prudent
ClearChan QwestCm
Cocacl
RoylCut
Coeur
SBC
Compas
Safeway
Corning Strudes
Disney
Schergp
DowChmn
Schimb
Schwab
Duke Egg
Selectra
Spratfon
EMC Cp
Espasocp
Spratpcs
Elan
StarwdHt
EDS
SunGard
ExxonMbl
TXU Corp
FanniMae
TainSemi
Fedrds
Target
EstDatas
TenetHlus
FleetBost
Teradyn
Fordm
Texinst
FredMac
3M Co
Gap
Tiffany
Genentech
Tycointl
GenElec
UPS
Utdhithg
Walgrn
Houshint
WellsFrgo
WmsCos
INCO
Wyeth
IBM
Xerox
Bond Funds Shine But Advisors Warn Caution for Allocations
Bonds outperform stock funds drawing investor interest though planners urge not to overconcentrate in bond funds. Maintain a consistent asset allocation aligned with goals as analysts note bonds are safer IOUs from governments or companies and maturity dates should fit financial timelines such as college funding in coming years.
MENTIONED IN THIS ARTICLE
Carlos Vasquez
Signator Financial Network
Bethesda, A
Defining a niche key to successful self employment in retail and food
Unze argues small business success rests on a well defined niche and thorough homework. Ray Garcia warns entrepreneurs misjudge market research and funding. Budgets should be doubled, and avoid underfunding, as many startups fail from running out of money.
MENTIONED IN THIS ARTICLE
Unze
Ray Garcia
Albuquerque Small Business Development Center
Garcia
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Republican Party
Senate Judiciary Committee
Patrick Leahy
D-Vt
Wall Street
America
Homeland Security
Bob Crazythunder
Rvsi Acuity CiMatrix
Canton
Mass
John F. Kerry
D-Mass
Kit Bond
R-Mo
Senate Small Business Committee
Dirksen Senate
Springfield
L'a
Marion
Fleming Road
Carterville
S&p
al Mirman
V Finance
Sarasota
Fla
Richard Flamm
Water Creations
Family Tree
Garden C
South Carbondale