Eastern Cornbelt hog prices rise at Stockyards Springfield
Eastern Cornbelt carcass prices were higher with 0.5 to 0.9 inch backfat ranges listed. Today's negotiated purchases show 18,625 Illinois Direct Hogs and steady to modest demand for varying hog weights. Boar prices range from 8.00 to 32.00.
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Springfield
Illinois
Wheat futures slide on CBOT as corn soybeans rise
In Chicago grain trading on Friday Wheat for May delivery dropped 4.5 cents to 3.735 per bushel while May corn gained 1 cent to 2.971 and May soybeans rose to 9.373 per bushel. May oats fell 2 cents to 1.555 per bushel.
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Chicago
Chicago Board of Trade
Unemployment rate holds at 5.6 percent in February
The February jobs snapshot shows a 21,000 payroll gain with the unemployment rate stuck at 5.6 percent. Government hiring led the small increase while private employment was flat, signaling a persistent jobless recovery amid debates over Bush's economy policy and Kerry's critique.
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Washington
Bush
Labor Department
Markets mixed after weak job data and Stewart verdict
Markets closed with small weekly gains as February payrolls added only 21,000 jobs far below forecasts. Martha Stewart was found guilty, sending her firm's stock down 23 percent after an intra day rise, with trading halted for 30 minutes. Dow, S P 500 and Nasdaq posted mixed intraday action.
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NEW York
Martha Stewart
Martha Stewart Living
Omnimedia Inc
New York Stock Exchange
Stewart
Wall Street
Borrowing Rises 8.6 Percent in January
The Federal Reserve reports January consumer borrowing climbed 8.6 percent at an annual rate, adding 14.3 billion to total credit to a record 2 trillion. Revolving credit, including cards, rose 8.6 percent as nonrevolving loans for cars, vacations, and education climbed 8.5 percent amid a fragile labor market.
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Washington
Federal Reserve
Fed
Alan Greenspan
McDonald’s sales jump 22.6 percent in February
McDonald’s Corp. reports February worldwide comparable sales up 13.9 percent with U.S. outlets up 20 percent and Europe up 7.7 percent. Factors include new products since 2003, less discounting, longer hours, a weak dollar, and an extra leap day. CEO Jim Cantalupo cites customer experience improvements as driving the rebound. Shares rose to 29.85, issuer notes a court settlement prize promotion ad run.
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Oak Brook
McDonald’s Corp
McDonald’s
Hamburger Giant
U.S
Europe
Jim Cantalupo
New York Stock Exchange
Law Firm Reaches $75 Million Tax Shelter Settlement
Jenkens Gilchrist agrees to a 75 million dollar class action settlement to resolve tax shelter claims. The deal, awaiting court approval, covers lawsuits by taxpayers who used shelters later questioned by the IRS. The firm says no admission of wrongdoing accompanies the settlement.
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Washington
Jenkens & Gilchrist
New York
Internal Revenue Service
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