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Investor's Business Daily

| December 03, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Oil Prices Dive Again, Near $43

1Jan. crude fell $2.24 to $43.25 a barrel, the lowest in nearly 3 months. Higher than expected natgas stockpiles spurred further energy price drops. Crude fell $3.64 Wed. on a buildup of U.S. heating oil and other inventories. Crude is $12.42 off its late Oct. high. Heating oil and gasoline sold off hard a 2nd day. More on this page, A2, B13

Retailers' Nov. Sales Disappoint

2Same-store sales rose just 1.7% vs. a year ago, the worst since Aug. as Thanksgiving weekend sales fell short. Some analysts cut holiday forecasts. Wal-Mart met lowered views for a 0.7% gain. Target's comps rose 3.2%, in line. J.C. Penney and Sears beat views. Aeropostale, American Eagle and Bebe topped estimates, but not Gap and several other apparel chains. More on this page

Intel Raises Q4 Revenue Targets

3The world's No. 1 chipmaker, citing PC chip demand, sees sales of $9.3 bil-$9.5 bil vs. its old estimate of $8.6 bil-$9.2 bil. Analysts had forecast $8.97 bil. Intel, still cutting inventories, expects a Q4 gross margin of 55%-57%. Several chip firms have been bullish lately. Chip stocks are rallying, no longer a drag on the Nasdaq. Intel shares rose 8% after hours. More on this page

Bush Rejects Delay On Iraq Vote

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