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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jul 11, 2002

Page

12

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.

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.

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.

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.

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.

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.

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.

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.

Unze Ray Garcia Albuquerque Small Business Development Center Garcia

Also Mentioned on This Page

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
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