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IBD'S TOP 10.(A)
Run Of Bad News Slams Stocks
1Almost every sector was putrid. The Nasdaq tumbled 3.3% and the S&P 500 2.5% to its lowest close since Oct. 1. All but two Dow stocks fell as the industrial average sank 2.2% to a near four-month low. NYSE volume rose, but Nasdaq trade fell. Casino stocks lost big on news of an Illinois tax hike. Investors fled to gold and gem mining stocks again. More on B1, B2
Tyco Off As CEO Kozlowski Quits
2Dennis Kozlowski abruptly quit the ailing conglomerate amid a probe of allegations he avoided New York sales taxes. His exit raises new questions about Tyco's oft-changed corporate strategy, in particular the planned IPO of its CIT finance unit. Board member John Fort, CEO for '82-92, will be interim chief as Tyco seeks a successor. Tyco dived 5.90, or 27%, to 16.05.
Factory Gauge Up For 4th Month
3Manufacturing activity rose faster than expected in May. The Institute for Supply Management's index of business activity rose from 53.9 in April to 55.5. An index above 50 signals growth; below 50, contraction. The prices paid index rose to 63 from 60.3. The data this year show growth of 4.1% annually. More on this page
May Sales Fall For Automakers
- French Lawmakers Advance New Anti-Terror Measures; Interview With French Prime...
- News wire article from: The America's Intelligence Wire November 29, 2005 700+ words
...voices against war in Iraq. The French Prime Minister Dominique de Villepin took his anti...wedge between France and America. Prime minister Dominique de Villepin, then foreign...and justice in the murder of Lebanese Prime Minister Rafik Hariri. After stonewalling for...
- French Lawmakers Advance New Anti-Terror Measures; Interview With French Prime...
- News wire article from: The America's Intelligence Wire November 29, 2005 700+ words
...VIDEO CLIP) DOMINIQUE DE VILLEPIN, PRIME MINISTER OF FRANCE: We should recognize that...CNN INTERNATIONAL ANCHOR: French Prime Minister Dominque de Villepin talks about easing...melee and other issues with the French prime minister. HOLMES: Meanwhile, the new legislation...
- New Mazeikiu Nafta twist. (Baltics).(El Paso Energy Corp. bids on Lithuanian...
- Newspaper article from: FSU Energy May 17, 2002 700+ words
...party. Paksas, a former prime minister of Lithuania, last week submitted...details of a combined bid from El Paso and US-based Access Industries...TNK)--to Lithuanian prime minister Algirdas Brazauskas. El Paso declines to comment and Williams...
- Shell Trading, TotalFinaElf, BP, PDVSA, El Paso, Williams, U.S. Department Of...
- Press release article from: PR Newswire May 14, 2001 700+ words
...Pope, vice president, El Paso Energy Services Co...U.S. or Mexico -- El Paso's Plans for North American...Development -- Speaker TBA, El Paso -- Developing the North...Watson, -- Deputy Prime Minister and Minister of National...
- Schaeffer's Midday Options Update Features General Motors, Goldman Sachs, Las...
- Press release article from: Business Wire May 26, 2006 700+ words
...NASDAQ:CMOS), and El Paso (NYSE:EP). The Midday...Options Update: A Look at El Paso (EP) Just before 11...the country's deputy prime minister said at a press conference...weighed in at 0.59. El Paso According to Hoover...
- El Paso withdraws Bahamas proposal.(gas pipeline plans dropped)(Brief article)
- Newspaper article from: Latin American Power Watch October 25, 2006 700+ words
A subsidiary of US group El Paso this month withdrew an application...was to have come from Qatar. The El Paso proposal was one of three LNG project...approved the AES project. The Bahamas' prime minister Perry Christie also indicated that...
- El Paso Corp. Lays Out Plan to Cut Debt.
- Newspaper article from: Knight Ridder/Tribune Business News December 16, 2003 700+ words
...goals in a long-term strategic plan El Paso Corp. rolled out Monday sounded good...Houston company could hit its targets. El Paso, which has the nation's largest natural...who took over in early September as El Paso's chief executive officer. Foshee was...
- El Paso Corporation Provides Proved Reserve Estimate and Production Update;...
- Press release article from: PR Newswire February 17, 2004 700+ words
El Paso Corporation today announced that it has completed its...reserves from December 31, 2002 to December 31, 2003 for El Paso Corporation and its consolidated subsidiaries, El Paso Production Holding Company (EPPH) and El Paso CGP Company...
- El Paso Corp., California Come to Terms on Settlement of Gas-Pricing Charges.
- Newspaper article from: Knight Ridder/Tribune Business News June 27, 2003 700+ words
...27--Investors cheered Thursday as El Paso Corp. and California reached final terms...energy crisis. The announcement brought El Paso a big step closer to eliminating a significant...resolve a number of private lawsuits. El Paso's stock rose 34 cents, or more than...
- El Paso Corp.'s Changes Are Based on His Ideas, Rebel Shareholder Says.
- News wire article from: Knight Ridder/Tribune Business News May 18, 2003 700+ words
...Selim Zilkha revealed he would ask fellow El Paso Corp. shareholders to dump the company's board and install his nominees, El Paso has made changes. It replaced its CEO...Stephen Chesebro' -- who would become El Paso's chief executive should Zilkha win...
