Stocks slide as housing data and rate fears weigh market
Wall Street pulled back amid thin data ahead of the Fed decision. Investors eyed housing numbers and earnings season while Nokia and Siemens announced a joint venture, boosting some stocks but the broader market declined. Gold fell to 570, crude settled near 69, and bond yields edged higher signaling slowdown expectations.
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New York
Wall Street
Federal Reserve
U.S
Fed
Nokia Corp
Siemens AG
National Association of Home Builders
Treasury
Japan
Britain
Germany
France
Iran
New York Mercantile Exchange
NAHB
Researchers pursue affordable alternative jet fuel
Seattle report notes government and corporate researchers work on powering commercial jets with biodiesel and other alternatives as oil prices rise. Obstacles include production, transport, cold-weather performance and limited U.S. farmland, with cost and supply delaying airline adoption. Boeing researchers stress future fuel availability and research challenges.
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Seattle
Billy Glover
Boeing Co
Boeing
Glover
U.S
Robert Dunn
Nokia Siemens merger signals pressure on Motorola in wireless gear
The Nokia Siemens merger creates a $30 billion scale shift in wireless equipment, putting Motorola, once a major player, under greater competitive pressure as the market consolidates toward three giants. Analysts expect Motorola to trim costs, pursue niche tech like WiMax and Wi Fi, or consider limited partnerships, while its stock falls slightly.
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Chicago
Motorola Inc
Finland
Nokia
Germany
Siemens
Alcatel
Lucent Technologies
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Nortel Networks
Mike Walkley
Piper Jaffray
Ed Snyder
Charter Equity Research
L.M. Ericsson
Grain futures retreat on Chicago Board of Trade
Soybean and grain futures declined on Monday at the Chicago Board of Trade. Wheat for July delivery dropped to 3.584 dollars a bushel, July corn slipped to 2.295 dollars, July oats to 1.955 dollars, and July soybeans to 5.84 dollars. The Associated Press.
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Chicago Board of Trade
The
Associated Press
Stockyards Hogs Prices and Negotiated Purchases Report
Eastern Cornbelt carcass prices per half inch weights range from 70.00 to 86.78 dollars with 0.5 to 0.9 inch bf. Illinois direct hogs traded steady to up to 3.00 higher in today’s negotiated purchases totaling 21,537. Demand cited as good with moderate offerings and specific weight brackets listed for 1 to 600+ pound hogs and boars.
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Illinois
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