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Investor's Business Daily

| January 04, 2005 | COPYRIGHT 2005 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

Ex-Presidents Lead Tsunami Push

1President Bush tapped George H.W. Bush and Bill Clinton to lead a U.S. charity campaign for victims of the Dec. 26 tsunami that's killed nearly 140,000. In hard-hit Indonesia, U.S. military copters helped distribute food, water and medicine to millions of survivors threatened by disease and hunger. The U.S. has pledged at least $350 mil in aid, plus heavy use of military resources.

Stocks Kick Off '05 With Losses

2Falling oil and solid Wal-Mart sales failed to offset weak factory hiring and construction data. The Dow fell 0.5% and the S&P 500 0.8%, hurt by Merck and Pfizer. NYSE trade returned from light pre-holiday volume to average levels. Small caps fared the worst, as the S&P 600 lost 1.8%. The Nasdaq fell 1.1% on a jump back to higher-than-normal turnover. More on this page, B2

Oil Prices Fall On Mild Weather

3Feb. crude dived over $2 before settling down $1.33 to $42.12 a barrel on above-normal Northeast temps and expectations that Wed. reports will show higher heating oil inventories. Heating oil futures fell to the lowest level since early Sept. Also, retail gasoline prices fell 1.3 cents over the last week to $1.778 a gallon, the 9th straight drop and the lowest since late March. More on B13

Factories Speed Up; Hiring Slow

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