11/18/04:
The FDA Comes Under Fire For The Vioxx Scandal
SUSIE GHARIB: Merck CEO Ray Gilmartin was on Capitol Hill
today, testifying about the withdrawal of his company`s pain drug, Vioxx,
from the market. The Senate Finance Committee called the hearing. At issue:
what and when Merck knew about Vioxx`s safety problems. As Angela Terrell
Heath reports, senators also wanted answers on Vioxx from the Food and Drug
Administration.
ANGELA TERRELL HEATH, NIGHTLY BUSINESS REPORT CORRESPONDENT: The
chairman of the powerful Senate Finance Committee, Charles Grassley,
started today`s hearing by calling for a new independent drug safety panel
that would monitor prescription drugs after the FDA has approved them.
SENATOR CHARLES GRASSLEY, CHAIRMAN, SENATE FINANCE COMMITTEE:
Consumers should not have to second guess the safety of what`s in their
medicine cabinet. The public should feel confident that when the FDA
approves a drug, you can bank on it being safe.
HEATH: The FDA is under the microscope following the withdrawal of
Merck`s popular painkiller, Vioxx. The company acknowledged that the drug
increases the risk of a heart attack and stroke in long-term users. Merck
CEO Raymond Gilmartin told Congress his company did the right thing,
pulling Vioxx as soon as the risks became clear.
RAYMOND GILMARTIN, CEO, MERCK & CO.: Withdrawing Vioxx was consistent
with an ethic that has driven Merck actions and decisions for more then 100
years. Merck puts patients first.
HEATH: But other witnesses told the Senate panel that Merck knew of
problems with Vioxx as long as four years ago. FDA scientist David Graham
warned of problems with Vioxx in August. He says the FDA is slow to pull
drugs from the market because it sees the pharmaceutical industry as a
client.
DAVID GRAHAM. ASST. DIR. OFFICE OF DRUG SAFETY, FDA: Vioxx is a
terrible tragedy and a profound regulatory failure. I would argue that the
FDA as currently configured, is incapable of protecting American against
another Vioxx. We are virtually defenseless.
HEATH: Dr. Graham says he was pressured by the agency to soften his
conclusions about the dangers of Vioxx. Late yesterday the agency called
Graham quote, a maverick who did not follow agency protocols. But the FDA
says it is re-examining its drug-safety standards and is willing to
consider an independent drug panel.
SANDRA KWEDER, ACTING DIR. OFFICE OF NEW DRUGS, FDA: And the reason
is because there is clearly a concern by some members of the public, by
members of this committee that somehow the system is not working as well it
could.
HEATH: The FDA says it`s considering several changes, including a
study on what steps can be taken to learn more about the side effects of
drugs once they reach the market and also ways to resolve disputes among
its own scientists. Angela Terrell Heath, NIGHTLY BUSINESS REPORT,
Washington.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may be
posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly Business
Report is not and should not be considered as investment advice.
Copyright (c) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/18/04:
The True Value Of A Weak Dollar
SUSIE GHARIB: The American dollar will be the hot topic tomorrow when
finance ministers from around the world meet in Berlin. The dollar is down
40 percent against the euro since 2002 and flirted with new lows in
currency trading today. Erika Miller takes a look at what a weak dollar
means for investors.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: For American
consumers, a falling dollar has been more of an annoyance than cause for
alarm. It has meant slightly higher prices for imported goods, and more
expensive European vacations. But if the dollar`s slide picks up momentum,
economists warn there could be serious trouble for the U.S. economy. The
U.S. relies on foreigners to buy massive amounts of Treasury bonds and the
fear is that if the dollar weakens significantly, those investors might not
want to own U.S. assets and will dump their holdings, sparking a financial
crisis.
ROBERT LYNCH, FOREIGN EXCHANGE ANALYST, BNB PARIBAS: There`s a
concern that foreigners will be unwilling, or at least less willing, to buy
U.S. securities going forward, at least to the extent that they had in the
past.
MILLER: The dollar is already hovering at record lows against the
five-year-old euro and it`s at seven-month lows against the yen. A big
reason for the dollar`s tumble is the ballooning U.S. trade deficit.
JOSHUA FEINMAN, CHIEF ECONOMIST, DEUTSCHE ASSET MANAGEMENT: People
worry that that`s not sustainable, that at some point the trade imbalance
is going to have to be redressed at least partially, and that a fall in the
dollar to increase the competitiveness of U.S. exports is going to be part
of that adjustment process.
MILLER: Today, Treasury Secretary John Snow suggested that the U.S. is
unlikely to intervene in currency markets to prop up the dollar. Analysts
say that`s because a weaker dollar helps U.S. exporters by making American
goods cheaper abroad. Most currency strategists are predicting the dollar
will continue to fall.
LYNCH: We`re still expecting the dollar to depreciate. The factors
that have been weighing on the dollar over the course of the past month --
the U.S. current account deficit as well as the budget deficit -- I think
are factors that aren`t going to go away anytime soon.
MILLER: Tomorrow, the currency markets will be watching for comments
from Federal Reserve Chairman Alan Greenspan. He will be taking part in a
panel discussion about the euro In Frankfurt, Germany. Erika Miller,
NIGHTLY BUSINESS REPORT, New York.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may be
posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly Business
Report is not and should not be considered as investment advice.
Copyright (c) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/18/04:
One On One With Sen. Judd Gregg, R-NH
SUSIE GHARIB: Congress is expected tonight to approve an $800 billion
increase in the Federal debt limit. To get some perspective on what this
means for the Federal budget deficit, our Washington Bureau chief Darren
Gersh spoke with New Hampshire Republican Senator Judd Gregg, the incoming
chairman of the Senate Budget Committee and asked him if the debt increase
is a sign that deficits are not a priority now.
SEN. JUDD GREGG, (R) NEW HAMPSHIRE: I don`t think so. I think it`s
a sign that when you spend the money, you need to pay the bill. So that if
you`re using the credit card, you got to pay the bill when it comes in and
in this instance, because of the severe recession that we had at the
beginning of the president`s term which we`re coming out of now which is
good, and because of the war and because of the effects of 9/11, the
government spent a lot more money than we had anticipated and as a result,
the bills have come due. But I think the enthusiasm for getting the deficit
under control is very high right now, especially in the administration. The
president has made this a priority. He`s talked already about Social
Security. He`s put on the table some Medicare ideas and clearly Medicaid is
something that should be on the table too.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: I see a lot of
the Wall Street research that comes off and this is - that comes to our
office, and this is a pretty typical example of what people say. Some think
deficits doesn`t matter But history indicates that what matters is
committing to fiscal restraint which is hard to find in Washington. What
are you going to do as the next chairman of the budget committee to
convince investors here and abroad that Washington is serious about doing
something about the deficit?
GREGG: Well, I think it is critical that we put in place a budget and
proposals which will drive out year control of entitlements and it`s
critical not only because it`s important for to us do it because that`s our
duty as responsible caretakers of our government, but it`s also critical
for the international community to have a sense that we do have in place a
budget that`s realistic and that is moving in the right direction,
specifically reducing the deficit in half over the next four years and we
are taking a serious look at our demographic tidal wave that`s going to hit
us. How do we do it? There are a lot of different ways to do it, but as
budget chairman the tools that I`m given are basically enforcement
mechanisms which I intend to put in place.
GERSH: Would those budget mechanisms include rules that apply to new
tax cuts?
GREGG: Well, I haven`t been specific yet. I think it would be foolish
to be specific this early. I haven`t even been appointed chairman yet
officially but my view is that nothing should be off the table, that we
need look at everything.
GERSH: Let me ask you about Social Security reform which is an issue
that you`ve spent a lot of time on. There`s a lot of discussion about
which should come first, Social Security reform or tax reform and whether
those two could be done at the same time. What is your thought on that?
GREGG: I don`t think Social Security can come first. I think there
still has to be a consensus and it has to be bipartisan on Social Security
or at least a working group that feels that they`re willing to move forward
on the difficult decisions with Social Security and it needs to be
bipartisan. To accomplish that, I believe you`ve got to set up a follow-on
commission to the Moynihan commission which did some good work, but it
basically took a scattershot approach to how we address it. We`ve got to
get another group together probably headed by somebody like Alan Greenspan
who has unquestioned credibility and integrity relative to the markets and
relative to the people here on Capitol Hill, a balanced group and they`ve
got to focus the question. They`ve got to say well, these are the three
things. These are the four things that have to be done and then hopefully
we have expedited procedures to execute on that on their proposals.
GERSH: When you look out over the agenda and all the issues that are
on it, Social Security, the budget, tax reform, what keeps you up nights?
GREGG: Well, what keeps me up at night is we might not be able to do
it. I do not want to see a serious dollar crisis, which I think we might
have if we don`t get our fiscal house in order here. I don`t want to see a
situation where my children are paying so much to support me in my
retirement that they`re not able to live as good a life as we lived in our
generation which could easily happen here if we don`t address this issue
and our time is running out.
GERSH: Well, Senator Gregg, thank you and good luck.
GREGG: Thank you.
Nightly Business Report transcripts are available
on-line post broadcast. The program is transcribed by eMediaMillWorks.
Updates may be posted at a later date. The views of our guests
and commentators are their own and do not necessarily represent
the views of Community Television Foundation of South Florida,
Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered
as investment advice. Copyright (c) 2004 Community Television
Foundation of South Florida, Inc. ALL RIGHTS RESERVED. Terms
of use.
11/18/04:
"Wheels of Fortune"-NASCAR's Marketing Vehicle
SUSIE GHARIB: Sports and advertising have long gone hand-in-hand, but
it seems what sport marketers love the most these days is NASCAR. That`s
because companies can put their names right in the thick of the action on
the race track. As we continue our series, "wheels of fortune," Jeff
Yastine looks at the marketing might of the speed and steel of NASCAR.
JEFF YASTINE, NIGHTLY BUSINESS REPORT CORRESPONDENT: These days, when
companies want to get in the marketing fast lane, they come to NASCAR. The
Best Western hotel chain, looking for new ways to reach a wider group of
travelers, hooked up with NASCAR for the first time this year, signing
people up for its speed rewards cards at track events. Best Western is
hoping to give its brand a new image and at the same time become known to
fans and business customers as a place to stay on the road.
DAVID KONG, PRES. & CEO, BEST WESTERN INTERNATIONAL: If you look at
the demographics of NASCAR, it`s very similar to ours and by that I mean,
we have very diverse properties. Our demographics is from here to here.
And you look at NASCAR`s demographics the same way. It`s from here to
here. It`s not like this. It`s like this which is throughout America and
that really fits us very well.
YASTINE: It turns out NASCAR fits a lot of companies very well.
Nextel, the cellular phone company, is completing its first year as
NASCAR`s title sponsor. When drivers race for the championship, they`re
racing for a newly named prize, the Nextel cup. Nextel will pay $700
million to NASCAR over 10 years for its sponsorship.
MARK SCHWEITZER, COO, NEXTEL: In branding in sports marketing today,
it`s very difficult to find assets that have upside; that aren`t either
very mature or you`re taking a chance and NASCAR had a proven ability to
grow and that`s what we`re about. And so it was a great combination.
YASTINE: With Americans subject to so much advertising these days, it
becomes harder and harder for companies to cut through the clutter to be
able to reach them with their marketing messages. But put your company`s
product -- a service, a web site, even a movie on the hood of a car and it
can reach millions of consumers on television and thousands more here at
the track. That`s one reason why there`s a Viagra car, along with top
retailers like Target. Beer and malt beverage ads like Smirnoff Ice, are
already allowed but NASCAR approved whiskey and spirit sponsorships late
this year. They`ll join a diverse list of other companies, like Home
Depot, even the U.S. Army, alongside more traditional goods, such as tools
and consumer products like Tide. The logo sizes can be huge or quite
small, but NASCAR executives say it`s clear why more companies want to put
their marketing messages on the cars.
BRIAN FRANCE, CEO, NASCAR: The number one reason is they get results
and that is indisputable. The second major reason is, they`re able to
brand right onto the playing field. They`re able to be very relevant in
our sport in a simple way to connects with our fans.
YASTINE: Kellogg`s has been a racing team sponsor for 15 years. It
also markets its products heavily at track events. But Kellogg`s says
NASCAR fans are three times more likely to buy the products advertised on
the racing circuit, so it`s a good investment.
JENNY ENOCHSON, SR. DIR., MARKETING COMMUNICATIONS, KELLOGG`S: It`s
huge and we want to form partnerships that are beneficial to both companies
involved obviously and one of them is for us, that`s to drive sales. So
that`s a huge benefit to us when we know that what our sponsorship is doing
is actually getting people in the store and purchasing our product.
YASTINE: Remember Best Western? After seeing the success of handing
out their discount cards at track events, the company went a step further,
hiring veteran driver Michael Waltrip as a television pitchman and
sponsoring its own car, running on NASCAR`s minor league racing circuit.
KONG: What we`re after is like everybody else, is eyeballs. We`re
after those impressions. So any time that you can have your logo on the
racecar, on the driver`s uniform, that`s a plus for us.
YASTINE: And a plus for NASCAR. Jeff Yastine, NIGHTLY BUSINESS
REPORT, Charlotte, North Carolina.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/18/04:
"Tech Talk"-Spam, Sears-Kmart, & A Showdown
PAUL KANGAS: A high-tech showdown in Washington, a car you can talk to and
the world`s most spammed individual. All are on the agenda tonight in
"tech talk," Scott Gurvey`s monthly take on the high tech landscape.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: The Sears/Kmart
merger is big news in the world of technology and may mean millions of
dollars in business in the years ahead as the new Sears works to combine
two separate computer systems into something that can compete with Wal-
Mart, a leader in retailing technology.
`Tis the seasons for holiday movies and Hollywood is busy advertising
all its upcoming releases. But consumer groups are outraged over another
ad appearing this week, from the motion picture association announcing
lawsuits it is filing against those it claims are illegally downloading
movies. Consumer groups are even more concerned about H.R. 2391, a law
pending in the Senate. Hollywood`s best friend in Congress, Senator Orin
hatch, has pasted together several bills amounting to a Hollywood wish
list. This bill might make it a crime to skip the commercials and promos
the studios are now putting on the DVD releases consumers buy or rent and
might even make it illegal to skip commercials on a broadcast TV program
you`ve recorded at home. Several industry groups are among those warning
that Senator Hatch may try to push this bill through without further debate
before the end of the current lame duck session.
Some of Honda`s 2005 models will not only have the built-in navigation
system that`s becoming common in automobiles, it will have one you can talk
to. IBM has teamed with Honda in developing a system using IBM`s speech
recognition technology, so you won`t have to take your hands off the
steering wheel to push a button or press a touch screen. The system
includes the popular Zagat city guides to restaurants and landmarks and
will take voice instructions to operate some of the car`s equipment. The
voice system navigator should add about $2,000 to the cost of a car. No
telling how many lives it will save.
Finally, Microsoft CEO Steve Ballmer says he and company founder Bill
Gates are the most spammed people in the world with Gates alone receiving
four million e-mails a day, most of it unsolicited and I thought I had
trouble. Scott Gurvey, NIGHTLY BUSINESS REPORT, New York.
GHARIB: I feel better too. I get a lot of e-mail but four million,
boy, that tops it all.
KANGAS: I don`t know how they do it.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2004 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/18/04:
Paul Kangas' "Stocks In The News"
PAUL KANGAS: Stocks on Wall Street opened mixed with the blue chips
extending yesterday`s rally, while revenue warnings from Google and Applied
Materials dragged the NASDAQ market lower. At the outset, the Dow rose 20
points but the NASDAQ Composite was off 10.
A 0.3 percent decline in the October leading economic indicators put a
cap on buying enthusiasm, but two brokerage upgrades on Altria stock helped
the blue chips firm up, while an upbeat outlook from Intel also helped the
NASDAQ market. The Dow industrial average closed with a gain of 23 points
or nearly so at 10,572.55. NASDAQ Composite up 4.60 ending at 2104.28.
Standard & Poor`s 500 up 1.61 at 1183.55. The Treasury market ended on a
mixed note, but the 10-year note rose 3/32, putting the yield at 4.12
percent.
Most issue on the New York exchange, trading 35.4 million shares,
Lucent Technologies (LU) moving up $0.18.
Then came Pfizer (PFE) with a $0.22 loss.
Altria Group (MO) up $1.28. That helped the Dow. Merrill Lynch
upgraded it from "neutral" to "overweight." Goldman Sachs upgraded it from
"in line" to "out perform." Analysts at both brokerages cited positive
legal developments for Altria.
Medtronic (MDT) down $3.67. After the close yesterday, second quarter
earnings came in higher, $0.44 versus $0.39 the year before, but the
company also sees third quarter earnings coming in at the low end of Street
estimates. Meanwhile, AG Edwards, Deutsche Bank Securities and Piper
Jaffray brokerages all downgraded Medtronic stock from "buy" to "hold."
NorTel Networks (NT) moved up a nickel a share.
Then Citigroup (C) $0.27 loss.
Time Warner (TWX) up $0.17.
General Electric (GE) $0.48 gain.
Sears Roebuck & Company (S) ended with a gain of $0.81, traded as low
as 51 1/2 in the morning on profit taking after gaining over 7 3/4
yesterday on the Kmart merger news.
And then EMC Corporation (EMC), $0.34 rise, tenth in big board volume.
Disney (DIS) closed with a $0.07 loss, but after the market closed,
Disney in with fourth quarter results, $0.19 in earnings, excluding one-
time items. That`s a penny above the Street estimate and up from $0.17 a
year ago. In after hours trading, it saw Disney stock as high as $27 a
share, moved up about a half a dollar.
Colgate-Palmolive (CL) down $1.82. Bank of America downgraded it from
"buy" to "neutral," citing a possible $600 million restructuring charge
ahead.
Claire`s Stores (CLE) down $4.40. Third quarter earnings just barely
higher from last year, $0.27 versus $0.26 and that was $0.02 below the
Street estimate. The JB Hanauer brokerage downgraded the stock of Claire`s
to "market perform."
Nautilus Group (NLS) moved up $1.72. The Sports Authority is going to
expand the line of Nautilus fitness equipment it carries by about three
fold.
Initial public offering today, Iowa Telecommunications Services (IWA),
19.1 million shares offered to the public at 19, opened at $20.58. The high
of the day $21.31.
And then a new exchanged traded fund, first day of trading, this
streetTRACKS Gold (GLD) is the name of it and indeed it does. It`s the
first EFT reflecting the price of gold. Each share is worth 1/10 of an
ounce of gold so if you want to find out about where gold is, multiply the
share price by 10.
NASDAQ`s most active, Google (GOOG) down $4.96. The company warned
fourth quarter revenue growth is slowing down.
Applied Materials (AMAT) up $0.31.
Intel (INTC) gained $0.48. The company made some upbeat comments about
the first half of next year.
Microsoft (MSFT) dropped a dime.
Kmart Holding (KMRT) on profit taking after nearly an $8 gain
yesterday, down $5.29.
Research In Motion (RIMM) fell $2.29.
And then Cisco Systems (CSCO) a $0.02 loss.
eBay (EBAY) gained $1.13.
Dell (DELL), $0.04 rise.
Sirius Satellite Radio (SIRI) closed down $0.23, but in after hours,
it jumped to $5.66. That`s a 20 percent increase. The news, former Viacom
President Mel Karmazin will become the new Sirius CEO.
Finally another new issue today, PRA International (PRAI) a medical
device developer, six million shares offered at 19, opened at 21, the high
of the day 23 1/2.
And finally Netflix (NFLX) up $1.46. The company boosted its fourth
quarter revenue and subscriber estimates.
And those are the stocks in the news tonight.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may be
posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly Business
Report is not and should not be considered as investment advice.
Copyright (c) 2004 Community Television Foundation of South
Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/18/04:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10572.55 +22.98 + .2
HIGH 10585.26
LOW 10547.39
NASDAQ COMP. 2104.28 +4.60 +.2
HIGH 2105.39
LOW 2089.48
VOLUME 1,460.8
PREVIOUS 1,688.0
UP VOLUME 745.5
DOWN VOLUME 687.9
DOW TRANSPORTS 3612.22 +11.76 + .3
DOW UTILITIES 325.40 -.79 - .2
CLOSING TICK +572
S&P 500 1183.55 +1.61 + .1
S&P 100 565.97 +.25 + .0
MIDCAP 400 634.62 -.43 - .1
REUTERS/CRB 288.02 -.84 - .3
NYSE COMPOSITE 7002.91 -10.55 - .2
VALUE LINE 387.94 unch. unch.
RUSSELL 2000 622.06 -.91 - .2
DJW 5000 11608.55 +7.67 + .1
U.S. TREASURIES
5-YEAR NOTE 3.375%
Oct. 15,2009 100 4/32 -1/32 + 3.48
10-YEAR NOTE 4.25%
Aug. 15,2014 101 3/32 +3/32 + 4.12
30-YEAR NOTE 5.375%
Feb. 15, 2031 108 10/32 +9/32 + 4.81
LEHMAN BROS.
LONG BOND INDEX 1769.83 +5.35
DOW CLOSE 10572.55 +22.98 + .2
ADVANCES 1645
DECLINES 1641
NEW HIGHS 173
NEW LOWS 9
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
LU Lucent Tech 4.13 +.18 +4.6
PFE Pfizer 27.77 -.22 -.8
MO Altria Group 58.70 +1.28 +2.2
MDT Medtronic 48.65 -3.67 -7.0
NT Nortel Networks 3.33 +.05 +1.5
C Citigroup 45.91 -.27 -.6
TWX Time Warner 17.51 +.17 +1.0
GE GE 36.83 +.48 +1.3
S Sears Roebuck 53.80 +.81 +1.5
EMC EMC Corp 13.84 +.34 +2.5
NASDAQ CLOSE 2104.28 + 4.60 + .2
VOLUME 1,958.1
PREVIOUS 2,231.0
ADVANCES 1490
DECLINES 1622
NASDAQ ACTIVES
GOOG Google 167.54 -4.96 -2.9
AMAT Applied Matl 17.65 +.31 +1.8
INTC Intel 24.80 +.48 +2.0
MSFT Microsoft 27.07 -.10 -.4
KMRT Kmart Holding 103.71 -5.29 -4.9
RIMM Rsch In Motion 85.05 -2.29 -2.6
CSCO Cisco Systems 19.52 -.02 -.1
EBAY eBay 110.50 +1.13 +1.0
DELL Dell Inc 40.24 +.04 +.1
SIRI Sirius Satellite 4.72 -.23 -4.7
AMEX CLOSE 1365.36 - .60 - .0
INDEX SHARES
DIA DIAMONDS TRUST 106.00 +.38 +.4
QQQ NASDAQ 100 39.29 +.30 +.8
SPY S&P DEP.RECEIPTS 118.74 +.43 +.4
STOCKS IN THE NEWS
DIS Disney 26.49 -.07 -.3
CL Colgate Palmolive 46.92 -1.82 -3.7
CLE Claires Stores 22.24 -4.40 -16.5
NLS Nautilus Group 21.80 +1.72 +8.6
IWA Iowa Telecom 20.80 +1.80 +9.5
GLD Streettracks Gold 44.38 unch. unch.
PRAI PRA Intl 21.00 +2.00 +10.5
NFLX Netflix 11.92 +1.46 +14.0
|
