Stocks mixed as Fed rate hopes waver after volatile session
Wall Street closed mixed as traders weighed speeches from Fed officials and looming rate decisions amid a weak jobs report. The Dow edged up while the S&P and Nasdaq fell. energy and financials moved with bond yields, Countrywide trimmed jobs, Bear Stearns rose on stake purchase, Apple hit a record iPhone sale, and oil and gold prices climbed as the dollar weakened.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
San Francisco Fed
Janet Yellen
Dallas Fed
Richard Fisher
Atlanta Fed
Dennis
Countrywide Financial Corp
Countrywide
Joseph Lewis
Bear Stearns Cos
Bear Stearns
Advanced Micro Devices Inc
Apple Inc
Intel Corp
New York Mercantile Exchange
U.S
Japan
Britain
Germany
France
Probe Finds Pressure and Fraud at Senior Free Lunch Seminars
A federal state regulators probe into senior targeted free lunch seminars shows high pressure sales, misleading claims and possible fraud. Findings cover 110 firms in seven states from 2006 to 2007 with weak supervision and unsuitable recommendations. Regulators vow to act against false claims and protect older investors.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Securities Industry
Financial Industry Regulatory Authority
Alabama
Arizona
California
Florida
North Carolina
South Carolina
Texas
SEC
Christopher Cox
Cox
FINRA
The
National Association of Securities Dealers
Disney to test Disney branded toys for safety standards
Disney will independently test toys featuring its characters by hiring firms to buy Disney branded products and screen for lead paint and small parts hazards. Licensees like Mattel must submit test results before shelves. Tests begin within two weeks across about 2000 licensees including Mattel.
MENTIONED IN THIS ARTICLE
Disney
Los Angeles
Mattel Inc
Walt Disney Co
Disney Consumer Products
Gary Foster
Foster
Toys ‘R’ Us Inc
Mattel
Consumer
SMH Capital
David Miller
Sarge
Stockyards Springfield Market Report Shows Carcass Prices
Eastern Cornbelt carcass prices advance from 0.5 inch at 62.95 to 66.51 per cwt with other widths from 59.45 to 67.51. Negotiated purchases total 14 791 Illinois Direct Hogs Laws. Trading steady amid moderate demand and offerings across weight bands 1 300 400 lbs 32.00 35.00, 400 500 lbs 34.00 36.00, 500 600 lbs 36.00 38.00, over 600 lbs 37.00 40.00. Boars under 300 lbs 26.00 30.00, over 300 lbs 11.00 14.00.
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NEW York
NYSE
Interpublic
Aescorp
Johnnn
AMR
Kmgam
At&tinc
AMD
Kohls Kinrossy
AlcatelLuc
Kraft
Alcoa
KrispKrm
Altrias
Lsicorp
Aeagleos
Legg Mason
AmExp
Lehman Br
AmintGplf
Lillyeli
ArchDan
Lowes
ArchstnSm
Macys
Bjsvcs
BkofAm
Mattel
Barrickg
Merck
MeridGid
BestBuy
MerrillLyn
Boeing
Micront
BostonSci
MorgStan
BrMySq
Motorola
Cbreilis
MylanLab
CBSB
Nabors
CSX
Cvscare
NatSemi
CapidSrce
Nycityb
Caterpillar
Newmtm
Chevron
Newscpa
NobleCps
CircCity
Citigro
Nortellers
Nucor
CocaCl
OcciPet
Coeur
Peabdye
Cvrdpf
PepsiCo
ConocPhil
Petrobrss
Pfizer Corning
Camwden
ProctGam
OR Horton
QwestCm
Disney
RiteAid
DuPont
Schergel DukeEggs
Schimbrg
Dynegy
Selectra
Emccp
SwstAirs
ElPasoCp
SprintNex
Exelon
Itgold
ExxonMbl
Txucorp
FannieMif
TaiwSemi
FirstDatas
Target
Fordm
TenetHith
ForestLab
Teradyn
Texinst
Gap
Thornby
GenElec
3McO
TollBros
Goldmans
Tyson
Goodyear
Hallibrun
Usbancro
Harleyd
UldhithGp
Hewlettp
Valeroe
Hilton
VerizonCm
HomeDp
Vmwaren
iShBrazil
Wachovia
Ishhk
WalMart
iShJapan
Wamart
iShTaiwan
WellsFargo
Ishemmkt
WmsCos
ISh_ EAFE
Wyeth
Ishrest
Xtoengy
IBM
Yamanag
Alcoa Inc
Coke
Lee Ent
Sears
All State
ConAg
Southern Co
Altria
CVS Corp
Macy's
Southwest
Ameren
Devon
McDonalds
Sun Micro
Apple
Dillard's
Metlife
Super Valu
Applied Materials
Discover
Microsoft
Unova
Archer
Mips Technologies
US Bancorp
AXA
Fifth Third
Nbty Inc
USG
Baker Hughes
First Data Corp
Verizon
Bemis
Ford Motor Co
Occi
Petrol
Burger King
Harris
Pfizer
Whirlpool
Canadian Rail
Intel
Pier 1
CAT
Integra
ProFac Coop
CBRL
JC Penney
Prudential
CIFRA
Jones Soda
Qualcomm
Wachovia Cinf
Springfield
Illinois
St Louis Fed seeks successor to retiring president Poole
William Poole will retire in March after a 10 year tenure as president of the Federal Reserve Bank of St. Louis. Irl Engelhardt will lead the search for Poole's successor. Poole, 70, has been a voting FOMC member and is known for a pragmatic approach and personal interests including sailing and woodworking.
MENTIONED IN THIS ARTICLE
Washington
William Poole
Federal Reserve Bank of St. Louis
Fed Bank
Poole
Federal Open Market Committee
Fed
Ben Bernanke
United States
Associated Press
Irl Engelhardt
St. Louis
Grain futures rise on CBOT price moves
Chicago wheat and soybean futures advanced after Monday trading. Wheat for December rose 17.5 cents to 8.61 a bushel while December corn fell 1.5 cents to 3.46. December oats gained 4 cents to 2.6775. November soybeans increased 12.75 cents to 9.18 a bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
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the Associated Press
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