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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

Mar 07, 2003

Page

5

New York targets art buyers in tax evasion crackdown

District Attorney Morgenthau reports 34 families paid 6 million in back New York art taxes over the last year. Federal court sees ImClone founder Samuel Waksal admit conspiring to dodge 1.2 million in sales tax on nine paintings totaling 15 million. Probes broaden as prosecutors warn of a culture of tax evasion in galleries and buyers.

New York Robert Morgenthau Samuel Waksal ImClone Systems Martha Stewart Morgenthau Waksal New Jersey Mark Rothko Franz Kline William de Kooning New York City John Woodward Woodward Gallery SoHo Tyco International L. Dennis Kozlowski Renoir Monet Larry Gagosian

Gas price forecast predicts April record at $1.76 a gallon

Energy Department projections show the national average rising to a record $1.76 in April with regular gasoline near $1.70 through the summer. West Coast prices jumped to $1.93 as refining issues and tight inventories push costs higher.

Washington Energy Department West Coast Energy Information Administration Pump EIA Iraq Venezuela West Texas

House GOP delays vote on military tax break amid fishing tackle lobby items

House leaders postponed action on a tax relief package for active duty and reserve troops, citing concerns over added provisions for fishing tackle box makers archery gear and other interests. Democrats charged GOP leaders with inserting offshore tax avoidance provisions while signaling a later floor vote. The bill would have 482 million in tax breaks over ten years including a $500 deduction for travel costs by National Guard and Reserve members and a 6000 death benefit tax free for survivors. Space shuttle Columbia survivors would also gain extended relief.

Washington House United States GOP Tom DeLay Texas Charles Rangel New York Ways and Means National Guard Bill Thomas California Iraq

Stocks Fall On Jobless Claims And Retail Sales

Discouraging jobless claims data and weak retail sales pushed U S stocks lower for a third day in four. The Dow dropped 101.61 to 7673.99, the Nasdaq fell 11.51 to 1302.89, and the S P 500 slipped 7.75 to 822.10, amid Iraq tensions and sluggish economic recovery expectations. The Labor Department said first-time unemployment claims rose by 12 000 last week.

New York Wall Street Dow Jones Russ Koesterich U.S State Street Corp Boston Iraq Dow Standard & Poor Labor Department

Dow, War Worries Hit Markets Oscillate Amid Turbulence

The Dow slid between gains and losses finishing down after mixed U.S. data on productivity orders and layoffs, as Wall Street weighed oil prices and war fears in Iraq and North Korea. Retailers suffered on weak February sales. In Chicago, corn futures rose on strong weekly export sales while soybeans and wheat fell.

Iraq North Korea United Nations Britain Saddam Hussein Bush Sears Wal-Mart

Stockyards Springfield: Eastern Cornbelt hog prices steady

AP report notes light test carcasses not well established with negotiated purchases at 15,704 Illinois Direct Hogs. Demand moderate for light to moderate offerings as weights vary. Prices include 1-3 300-400 lbs 18.00-22.00, 400-500 lbs 20.00-24.00, 500-600 lbs 22.00-25.00, up to 28.00 in some cases. boars under 300 lbs 18.00-22.00, over 300 lbs 4.00-6.00.

Springfield Illinois

Soybean and grain prices slip on light trading

Bearish momentum pushed soybean futures down for a third day as light trading produced no surprises in export sales. May wheat declined to $3.13 a bushel, May corn rose to $2.40, May oats at $1.87, and May soybeans fell to $5.62 per bushel with a 5 percent drop.

Also Mentioned on This Page

Gagosian Woolsthorpe Sir Alfred Munnings Tyco International Ltd House Gop Department Commerce Department Chicago Chicago Board of Trade Alcoa Inc Clear Channel Kroger Qualcomm Altria P. Morris Coke Lee Ent Ryerson Tull Ameren Conag Lowes May Dept. Stores Solutia CVS Corp Southern Co Lee Materials Devon Maytag Southwest Archer Dillard's McDonald Avaya Financial Dollar General Metlife Sun Micro Axa DuPont MSGT Super Valu Union Planters I Baker Hughes Eateries Mips Technologies Unova Birm, Steel Fifth Third Nbty Inc US Bancorp Bob Evans First Data Corp Occi, Petrol Boeing Ford Motor Co O'charley’s USG Old Nat, Banc Verizon BP Amoco Gen Dyn Wachovia Brunswick Harley Davison Olin Walgreens Canadian Rail Harrah's P-Com CAT Intel Pepsi CBRL Pepsi Americas Wendyson Integra Worldcom Chester Bancorp JC Penney Pier Securities, Inc CIFRA Kinder Morgan ProFac Coop Carbondale CINF Kmart Proxim Inc NYSE SIPC Honwillinti Houshinti INCO At&t Rs AberFite Johnda AMD Kohls Ahold Kraft Alcoa Altria LaBrch Lillyeti AmintGp Lucent Bot BMC BakrHu BankOne Medirnic Bk of Am Merck Merrilllyn BKNY Midistr Baxter BellSouth Micront BestBuys Mirant MorgStan Boeing Motorola BostSci BrMySq NtSemi BriRsc NewellRule Cablvsnny Newmtm Calpine CapOne A NortelNw CardalHit Nortrog CarMax Carnival OceanEgg Omnicom Cendant Penney ChesEng PepsiBort ChevrnTex PepsiCo CireCity S Pfizer Citigro Pharmacia ClearChan Cocacl Cocace QwestCm Raytheon CompAs RaylDut ConAgra Concefs SBC Com ConocPhil Safeway Scherg Corning Schlimb CrwnCstle Delphi Schwab Disney DowChmn SpratPcs DuPont Sysco DukeEgg UXI Dynegy TaiwSemi EMC Cp Target el PasoCp TenetHits EDS Teradyn ExxonMbl Texinst FanniMae FstDatas Tycointl Tyson FleetBost US Bancro Fordm AtdTech FredMac ValeroEn Gap VerizonCm GenDyn Viacomb GenElec GnMetr WalMart Gillette Goldmans Walgm JS Hallidtn WatsnPh Harleyd HartidFn WellsFrgo Hithsth WmsCos Hewlett P WmssSon Wyeth HomeDo SAG RA New Orleans Paducah Dodge Dakota Klwabsher Otor Sales Inc West DeYoung St. Marion Absher Abshermotors.com
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