11/09/05:
Oil Co. Execs Head To The Hill To Defend Prices & Profits
SUSIE GHARIB: The CEOs of the nation`s biggest oil
companies were on Capitol Hill today defending their record profits and
high gasoline prices. The executives were grilled by lawmakers at a Senate
hearing looking into what`s fueling sky high oil prices that are weighing
down on consumers. As Stephanie Dhue reports, the discussion was
contentious on both sides.
STEPHANIE DHUE, NIGHTLY BUSINESS REPORT CORRESPONDENT: Commerce
Committee Chairman Ted Stevens spared the oil executives the spectacle of
being sworn in by the committee. But CEOs were not spared a tongue lashing
from lawmakers.
SEN. PETE DOMENICI (R), CHAIRMAN, SENATE ENERGY COMMITTEE: Our
people have a growing suspicion that the oil companies are taking unfair
advantage of the current market conditions to line their coffers with
excess profits.
DHUE: Oil executives defended their collective $32 billion third
quarter profit. They say the price spikes in the aftermath of hurricanes
Katrina and Rita were due to a 30 percent reduction in refining capacity at
a time when supplies were already tight. As for record industry profits,
ExxonMobil`s CEO says its simply the business cycle.
LEE RAYMOND, CHAIRMAN & CEO, EXXONMOBIL: We`re at the high point
of a cycle. We go through many cycles. I can recall with pain when the
crude oil price was $10 a barrel. Consumers, of course, were very happy
because gasoline was less than a dollar a gallon. We`re now on the other
end of the cycle.
DHUE: The oil men rejected requests to donate 10 percent of profits
to help poor Americans pay their winter heating bills. The money would
have paid for a Federal program that provided more than $2 billion in low
income home energy assistance last year.
JAMES MULVA, CHAIRMAN & CEO, CONOCOPHILLIPS: We all very much feel
for those who are less fortunate with respect to heating bills and
whatever, but as an industry we feel that it`s not a very good precedent to
be looking at one industry to help fund necessarily those, a government
program as such.
DHUE: The executives stressed profits will be invested in new
technology, refineries, and exploration. Senator Barbara Boxer scolded the
executives for raking in multi-million dollar pay packages.
SEN. BARBARA BOXER, (D) CALIFORNIA: Gentlemen, to all of you, I
hope I can give you a bit of a reality check. Working people struggle with
high gas prices and your sacrifice gentlemen appears to be nothing.
DHUE: Lawmakers are considering rolling back tax breaks enacted
this summer and enacting a windfall profit tax. Oil industry executives
say profit taxes have proven in the past to discourage investment.
Analysts say it`s unlikely those ideas will become law. Instead, the
purpose of today`s hearing is to give senators a chance to show they`re
doing something about high energy prices. Stephanie Dhue, 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) 2005 Community Television Foundation of South Florida,
Inc. ALL RIGHTS RESERVED. Terms of use.
11/09/05:
One on One With Citigroup Chairman Sandy Weill
SUSIE GHARIB: The World Health Organization said today that disease
outbreaks are hampering relief efforts after last month`s massive
earthquake in south Asia. Three million people are without shelter from
the quake that racked the region. Today, President Bush urged Americans to
help and asked executives from GE, Pfizer, UPS and Citigroup to lead a
private sector relief effort. Washington bureau chief Darren Gersh talked
with Citigroup Chairman Sandy Weill, asking how business can help.
SANDY WEILL, CHAIRMAN, CITIGROUP: The president wanted us to work
with his government in raising awareness of the disasters that had taken
place in south Asia to go over there, if we could, and assess the damage
personally and see if we can be helpful from arousing that awareness and
helping meet the needs of what the people need to happen.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: After the
tsunamis, Americans gave more than $1 billion to help those nations
recover, but for the earthquake in Pakistan, they`ve only given about $43
million so far. Why the discrepancy?
WEILL: Our country has also given $156.
GERSH: But citizens.
WEILL: But it`s been much harder to see the damage in Pakistan. I
think that we`re just beginning to understand the nature, the exact amount
of the devastation that took place. And I think Americans get to do
something over a period of time. We`ve seen the tsunami. We saw Katrina
and I think that Americans will be very helpful in helping the Pakistanis.
GERSH: But are people tapped out? I mean 87,000 people have died so
far in this earthquake, but is the American public, are you sensing maybe a
little tapped out, a lot of disasters, they don`t have the money right now?
WEILL: I don`t think Americans ever get tapped out. I think
Americans have a heart and I think when they see the need and understand
the need, they will reach into their pocket and do what they have to do.
GERSH: You`ll be going to the region. What do you hope to find out
and what do you think it will cost to rebuild that region and what advice
do you think you`ll offer to the Pakistanis?
WEILL: I would not go with ideas of what we are going to see until
we see it. So I would know much more after we come back than I know before
we go. But we`re going to see the devastated areas, really, firsthand and
I would expect that we`re going to be incredibly moved by what we see and
their real need for help.
GERSH: Let me ask about Citigroup. We have been seeing builders
saying that they expect home sales to be down next year. You do a lot of
mortgage business. Are you starting to see a softening in the housing
market and what`s your expectation going forward?
WEILL: Very well. I think the U.S. economy is very strong. I
think it`s incredible how resilient it`s been after the hurricanes and it
continues to grow. I think the global economy is also strong. Japan, for
the first time, is beginning to chip in, the first time in over a decade.
So I think the outlook is good.
GERSH: Is the American economy weathering - the consumer, you do a
lot of consumer business -- is the consumer weathering this energy shock?
WEILL: I think the consumer is in very good shape. They`re buying
a lot of products and merchandise on their credit cards, but they`re not
borrowing more money. I think that they`ve taken advantage of the increase
in home prices and low interest rates to get more financing on their homes
and pay down other debt which might have cost them more, so their cash flow
is very good. I think the American consumer is in very, very good shape.
GERSH: This last question, help me understand this. The market
hasn`t been going anywhere very much, hasn`t been performing very well.
How come brokerage stocks and brokerage firms have been doing so well with
their earnings?
WEILL: The market has come back somewhat from the depths of where
it went to after September 11. It`s back near the all-time high. And I
think the outlook is good and the brokerage companies, I think, are better
run than they used to and their income is more diversified. The markets
are not just the U.S. market, but global markets and alternative
investments, and there are lots of opportunities, I think, to talk to
people about what they should be doing with their money. There is an
incredible amount of liquidity in the system that is looking for higher
rates of return than what has been available in the T-bill market.
GERSH: Mr. Weill, thank you very much.
WEILL: 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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/09/05: Where & How To Begin The Post Katrina Rebuilding Process
PAUL KANGAS: The Mississippi Gulf coast continues to dig out from the
wrath of hurricane Katrina. As the debris is carted away, residents face a
critical question. What do they want their communities to look like when
they rebuild? Jeff Yastine looks at the challenge ahead.
JEFF YASTINE, NIGHTLY BUSINESS REPORT CORRESPONDENT: The
destruction goes on for miles along the streets of Biloxi and coastal
Mississippi, wooden homes blasted apart by Katrina`s winds and storm surge.
These days, the main topic of conversation is rebuilding. So organizations
like the Mississippi Renewal Forum have been set up as both clearinghouse
and meeting point for that effort. Hurricane Katrina devastated the
Mississippi Gulf coast, but the hope is that by gathering local leaders and
residents together, the tragedy can be turned into an opportunity to remake
these communities into new and vibrant cities. Architect Andres Duany
wants that chance. He`s one of many community designers who see a unique
opportunity to create a better community than what existed before. Duany
says despite the destruction, the region`s most attractive assets,
including its huge historic live oaks, remain intact.
ANDRES DUANY, PRINCIPAL, DUANY PLATER-ZYBERK & CO.: The oaks will
be in leaf again by next spring and so you have a situation where the
infrastructure`s in place, the beach, which is an amenity, good climate,
mature trees and a vision of a place that is going to be very, very
desirable for the 21st century.
YASTINE: That vision is being hashed out at community meetings
where a key theme is rebuilding to keep the charm and appeal of local
neighborhoods.
BERNIE BURKHOLDER, PRESIDENT/CEO, TREASURY BAY CASINO: The point
down there, it will never be rebuilt like it was, but it was a very tight
knit community of shotgun houses, neighbors relied on neighbors and they`re
working really hard to keep that in what will be rebuilt. It won`t be
anything, it won`t look like what we had, but it needs to feel like what we
had.
YASTINE: The region`s floating casinos were left high and dry by
Katrina, but gambling will remain the economic mainstay here. The
Mississippi legislature recently approved a law letting operators build
land-based casinos for the first time. The local businesspeople say that
the casinos are just part of what makes this community special.
CHEVIS SWETMAN, CHAIRMAN, PEOPLES BANK: We`re going to have to work
hard to try and preserve that to make people want to come to our area for
other reasons other than casinos. We love our casinos, and they`re an
integral part of the community. But we need to offer more.
YASTINE: Jeff Yastine, NIGHTLY BUSINESS REPORT, Biloxi, Mississippi.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/09/05: "The Big Picture"-Part 3: The Bootleg Business
SUSIE GHARIB: Time was, the only way you could watch a movie was at
a movie theater. Now, just pop in a DVD and your family room becomes a
movie theater. That`s good news for consumers, but bad news for movie
studios, because more and more of those discs are being pirated. Tonight,
as we wrap up our series "The Big Picture", Diane Eastabrook looks at the
growing challenge that picture pirates pose for the movie industry.
DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: These look
like authentic movie DVDs sold at retail chains across the U.S. But looks
can be deceiving. They are actually copies of pirated films. The Motion
Picture Association of America estimates fakes like these cost movie
studios up to $3 billion a year.
RICHARD COOK, CHAIRMAN, THE WALK DISNEY STUDIOS: This is organized
crime. This business is better than the drug business.
EASTABROOK: Pirated DVDs are often on the streets within days after
a movie`s release. Most of the material comes from pirates who sneak into
movie theaters and record films with camcorders. The pirates make multiple
copies which are then sold by street vendors and unscrupulous mom and pop
retailers in the U.S. and around the world. In the U.S., law enforcement
agencies have had some success collaring pirates recording films in movie
theaters or making DVD copies at production facilities. But piracy expert
William Murray says catching pirates abroad has been more challenging.
WILLIAM MURRAY, PRESIDENT, WILLIAM MURRAY & ASSOCIATES: In China,
private parties are not allowed to conduct investigations, so the industry
has to work really at arms length to try to find information, turn it over
to authorities and it`s a cumbersome process.
EASTABROOK: An even more vexing problem for the movie industry is
the downloading of pirated films over the Internet. Experts say web
pirates are harder to catch than those making hard copies. They also think
the losses from downloaded movies could exceed those of illegally copied
films. In an effort to fight back, studios have begun releasing a limited
number of titles for downloading over a few legal Internet sites. But,
analysts say more wide- spread distribution over the Internet shortly after
a film`s theatrical release could stop some pirates from plying their
trade.
ANTHONY VALENCIA, SENIOR V.P., TRUST COMPANY OF THE WEST: The
studios have seen what happened with the music industry and don`t want to
make that mistake. They understand that you need to give consumers what
they want at a reasonable price and that that is the best business
decision.
EASTABROOK: Michael Lynton, chairman and CEO of Sony Pictures
Entertainment agrees.
MICHAEL LYNTON, CHAIRMAN & CEO, SONY PICTURES ENTERTAINMENT: I do
believe that you`ve got to offer the consumer that ability because if you
don`t, the piracy will get worse than it already is and I also believe that
it is potentially a big business for us completely separate from the DVD
business we`re in at the moment.
EASTABROOK: Still, Lynton thinks Hollywood needs to be more
vigilant in catching and prosecuting pirates. Experts say as studios begin
sending movies to theaters through digital files, state of the art
encryption must be used. But industry watchers don`t think better
enforcement or technology will eliminate piracy completely.
MURRAY: Why do people deface property? They don`t get paid. They
just like the thrill of going out there and tagging a piece of property.
And there are always going to be folks out there who are going to want to
steal content.
EASTABROOK: Piracy, digital cinema, and declining attendance all
present new challenges for Hollywood. But experts think the movie industry
will deal with them and emerge stronger. Some even think this could be
another golden age for Hollywood.
STEPHEN MARCUS, CHAIRMAN & CEO, MARCUS THEATER CORP.: Look at the
"Lord of the Rings" series; look at the Harry Potter series of movies.
These are great, great pictures, great motion pictures that people will
remember for the rest of their lives just the way I remember "Gone with the
Wind."
EASTABROOK: Industry watchers say if studios make the kinds of
movies audiences embrace, then they can assure themselves a happy Hollywood
ending. Diane Eastabrook, NIGHTLY BUSINESS REPORT, Los Angeles.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/09/05: "Money File"-What's The Real Score With Credit Scores?
SUSIE GHARIB: In tonight`s money file, when it comes to credit scores, prudence
doesn`t always pay. Here`s Eric Schurenberg, managing editor at "Money"
magazine.
ERIC SCHURENBERG, MANAGING EDITOR, MONEY MAGAZINE: You`d think that
having just one credit card, paying it off every month, and generally being
prudent in your use of credit would improve your standing with lenders.
Well, not always. As you know these days, lenders judge a creditworthiness
by checking your credit score and the way that score is calculated
sometimes defies logic. As my colleague Jeanne Sahadi puts it, when it
comes to managing your credit score, you don`t always get props for
prudence. Take having only one credit card, seems like good behavior.
Having several cards raises the temptation to borrow too much. But credit
scoring can actually reward multiple card use because it offers evidence
from more than one lender that you pay on time.
Here`s another reason to have more than one card. A big factor in
your credit score is how much debt you carry compared to the total credit
available to you. So, even a modest credit card balance can hurt your
score if it`s too big a share of your total credit limit. How do you raise
that limit? Have more than one card.
Confused yet? Wait. Paying in full, the hallmark of responsible
credit use, doesn`t always help. Let`s say a lender checks your credit
score in a month when a big purchase has eaten a big share of your total
credit limit. It doesn`t matter that you will pay that debt in full before
it`s due. The computer only cares where you stand at the moment it
calculates your score and so you get a lower score. Best advice? Carry
two to four cards to raise your total credit limit, but use only one. And
don`t ever expect logic to explain your credit score. I`m Eric
Schurenberg.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/09/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: Speaking of oil, crude prices hit their lowest level since
July today after new government data showed an increase in supplies. Light
sweet crude for December delivery fell $0.78 a barrel, to $58.93. The
Energy Information Administration`s weekly report showed crude stocks were
up by 4 1/2 million barrels last week.
That larger than expected rise in oil inventories lifted the Dow
from a 20 point early loss to a 55 point gain by noontime when the NASDAQ
was up 10 points. Then a rise in the bond market yields this afternoon
tamed some of those gains considerably, so the Dow industrial average ended
with a gain of only 6 1/2 points at 10,546.21. The NASDAQ Composite was up
3 3/4 points, ending at 2175.81. Standard & Poor`s 500 gained 2 points to
1220.65. Over in the bond market, the 10-year note fell 21/32 to 96 30/32,
lifting the yield to 4.65 percent.
The most active New York exchange issue on nearly 22 million shares,
Liberty Media (L) edging up $0.07. Greg Mafay (ph), which is Oracle, he
was Oracle`s former co-president, will be the new CEO of Liberty Media. The
company also announced plans to create a tracking stock.
ExxonMobil (XOM) up $0.13.
La Quinta (LQI), the motor inn company, up $2.67, 32 1/2 percent rise
on news that Blackstone Group will acquire it for $11.25 a share cash.
That`s about $3.4 billion.
Pfizer (PFE) $0.25 gain.
A $0.04 rise in Lucent Technology (LU) which was fifth in big board
volume.
Taiwan Semiconductor (TSM) rose $0.25.
Verizon Communications (VZ) $0.19 gain there.
Time Warner (TWX) edged a penny higher.
First Data (FDC) down $1.96. The company cut its 2005 earnings
guidance from about $2.21 to $2.15 saying that its credit card unit is
hurting results and it hired Morgan Stanley to explore the possible sale of
that credit card unit.
General Motors (GM) down $1.24. Delphi posted a worse than expected
third quarter loss and on top of that, the Fitch rating service cut General
Motors junk bond status even deeper to single B.
Home Depot (HD) edging up $0.24. Pipper Jaffray brokerage upgraded it
from "market perform" to "out perform" and boosted its price target by $7
to $49 a share.
Good gain by Federated Dept Stores (FD) up $4.94. Third quarter
earnings were lower, $0.36 versus $0.42 a year ago, but that was $0.13
above the Wall Street estimate.
Fisher Scientific Intl (FSH) up $6.78. Third quarter operating
earnings jumped to $0.92 from $0.75 last year. Sales up 13 percent. The
company sees 2006 earnings of at least $4.05 a share.
Lazard Ltd (LAZ), the investment banker, up $3.82. Third quarter
earnings jumped to $0.52, more than triple the $0.17 last year, 70 percent
jump in revenues and those earnings of $0.52 were $0.15 above the Street
estimate.
AG Edwards (AGE), the big brokerage, up $2.17. Keefe Bruyette
upgraded it from "market perform" to "out perform."
On the other hand, brokerage Piper Jaffray (PJC) fell $1.85. Keefe
Bruyette downgraded that one from "market perform" to "under perform."
Then we see Marvel Entertainment (MVL) dropping nearly $4 a share.
Third quarter earnings lower, $0.23 versus $0.30 a year ago, $0.07 below
what the Street expected and sales tumbled 40 percent. The company also
sees a difficult 2006 for the toy market. Southwest Securities brokerage
downgraded the stock from "strong buy" to just "neutral."
Google (GOOG) topping the active list, down $10.75, some pretty good
profit taking there.
Microsoft (MSFT) a $0.09 loss.
Apple Computer (AAPL) fell $0.21 or gained $0.21.
Cisco Systems (CSCO) was down $0.11. After the close, Cisco in with
first quarter earnings, excluding items, $0.25 up from last year`s $0.21
and a penny above the Street estimate.
Broadcom (BCOM) up $3.11. Company sees fourth quarter revenues at
the high end of its previous growth target of 10 to 12 percent. That will
be over the third quarter.
Intel (INTC) $0.25 rise.
Research in Motion (RIMM) was down $2.64. A judge in the case
pitting the company against NTP Corp made a decision was adverse for
Research in Motion today.
Ebay (EBAY) $0.22 loss.
Sandisk (SNDK) off $2.07.
And Qualcomm (QCOM) lost $0.62.
A couple of new issues today, Saifun Semiconductor (SFUN), five
million shares offered at $23.50, opened at $31.18 and the high, $36.02,
backed off a little.
And finally, iRobot (IRBT), which came public at 4.3 million shares
at $24, opened at $29.50, (INAUDIBLE) high of the day $34.16, pretty good
debut there.
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) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
11/09/05:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 10546.21 +6.49 + .1
HIGH 10601.92
LOW 10519.55
NASDAQ COMP. 2175.81 +3.74 +.2
HIGH 2182.90
LOW 2166.16
VOLUME 1,618.4
PREVIOUS 1,411.5
UP VOLUME 963.2
DOWN VOLUME 629.3
DOW TRANSPORTS 4004.37 +43.13 + 1.1
DOW UTILITIES 395.86 +2.09 + .5
CLOSING TICK +780
S&P 500 1220.65 +2.06 + .2
S&P 100 562.89 +1.29 + .2
MIDCAP 400 713.56 +3.03 + .4
REUTERS/CRB 316.54 -1.70 - .5
NYSE COMPOSITE 7500.99 +11.27 + .2
VALUE LINE 401.04 +.91 + .2
RUSSELL 2000 659.83 +3.60 + .6
DJW 5000 12227.01 +22.65 + .2
U.S. TREASURIES
5-YEAR NOTE 4.25%
Oct. 15,2010 98 20/32 -12/32 4.56
10-YEAR NOTE 4.25%
Aug. 15,2015 96 30/32 -21/32 4.65
30-YEAR NOTE 5.375%
Feb. 15, 2031 107 25/32 -1 9/32 4.84
LEHMAN BROS.
LONG BOND INDEX 1724.02 -11.29
DOW CLOSE 10546.21 +6.49 + .1
ADVANCES 1805
DECLINES 1506
NEW HIGHS 108
NEW LOWS 129
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
L Liberty Media 8.02 +.07 +.9
XOM Exxon Mobil 57.50 +.13 +.2
LQI La Quinta 10.89 +2.67 +32.5
PFE Pfizer 22.16 +.25 +1.1
LU Lucent Tech 2.78 +.04 +1.5
TSM Taiwan Semi 8.88 +.25 +2.9
VZ Verizon Comm 30.85 +.19 +.6
TWX Time Warner 17.66 +.01 +.1
FDC First Data 40.48 -1.96 -4.6
GM GM 24.63 -1.24 -4.8
NASDAQ CLOSE 2175.81 + 3.74 + .2
VOLUME 1,657.5
PREVIOUS 1,642.9
ADVANCES 1643
DECLINES 1350
NASDAQ ACTIVES
GOOG Google 379.15 -10.75 -2.8
MSFT Microsoft 26.96 -.09 -.3
AAPL Apple Computer 60.11 +.21 +.4
CSCO Cisco Systems 17.75 -.11 -.6
BRCM Broadcom 46.13 +3.11 +7.2
INTC Intel 24.80 +.25 +1.0
RIMM Rsch In Motion 61.22 -2.64 -4.1
EBAY eBay 42.08 -.22 -.5
SNDK SanDisk 59.75 -2.07 -3.4
QCOM Qualcomm 44.67 -.62 -1.4
AMEX CLOSE 1687.90 + 9.43 + .6
INDEX SHARES
DIA DIAMONDS TRUST 105.60 unch. unch.
QQQ NASDAQ 100 40.16 +.02 +.1
SPY S&P DEP.RECEIPTS 122.39 +.16 +.1
STOCKS IN THE NEWS
HD Home Depot 40.81 +.24 +.6
FD Fed Dept Stores 68.85 +4.94 +7.7
FSH Fisher Scientific 63.88 +6.78 +11.9
LAZ Lazard 29.60 +3.82 +14.8
AGE A G Edwards 44.16 +2.17 +5.2
PJC Piper Jaffray Co 37.00 -1.85 -4.8
MVL Marvel Entertain 14.06 -3.98 -22.1
SFUN Saifun Semiconduct 35.30 +11.80 +50.2
IRBT iRobot 26.70 +2.70 +11.3
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