It was a long weekend and eventful. We had enjoyed this weekend.
I am looking forward to the next week. It was a great week and month for DOW.
Records were broken and it looks like that we are on right track.
The market looks bright early. I just hope that we continue to do well. I am still optimistic about TPUT, OPC and SIRI. I know it has to fly at some point.
Things are still slow in the OILSANDS. I hope that we see some activities during the 4th quarter. We need it. There are a lot of speculations over Voyager and Fort Hills project.
We just need some positive news.
- WASHINGTON (AP) -- Americans opened their wallets and pocketbooks a bit more in June, increasing their spending for the second straight month while saving less, even as incomes fell sharply. Consumer spending is closely watched because it accounts for about 70 percent of total economic activity. Many economists warned that despite the slight increase in June, falling wages and rising unemployment likely will keep spending sluggish for the rest of this year. Still, the housing market continued to show signs of life as pending U.S. home sales rose in June for the fifth straight month, according to the National Association of Realtors. The group's pending home sales index rose more than expected to 94.6, from an upwardly revised reading of 91.3 in May. The last time there were five straight monthly gains was July 2003.
- MILWAUKEE (AP) -- Months after its first offers were rejected, PepsiCo Inc. said Tuesday it plans to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas, in deals worth a total of $7.8 billion. The world's second-biggest drink maker said Tuesday the deals will allow it to respond more quickly to a changing market as consumers seek out healthier options like juices and teas, rather than soft drinks. It will also allow the company, whose soft drink sales have been slipping, to control costs and more tightly manage its business.
PepsiCo, which makes brands like Pepsi and Gatorade, will pay $36.50 per share for the shares it does not own of Somers, New York-based Pepsi Bottling Group and $28.50 per share for the shares it does not own of Minneapolis-based PepsiAmericas.
I am looking forward to the next week. It was a great week and month for DOW.
Records were broken and it looks like that we are on right track.
The market looks bright early. I just hope that we continue to do well. I am still optimistic about TPUT, OPC and SIRI. I know it has to fly at some point.
Things are still slow in the OILSANDS. I hope that we see some activities during the 4th quarter. We need it. There are a lot of speculations over Voyager and Fort Hills project.
We just need some positive news.
- WASHINGTON (AP) -- Americans opened their wallets and pocketbooks a bit more in June, increasing their spending for the second straight month while saving less, even as incomes fell sharply. Consumer spending is closely watched because it accounts for about 70 percent of total economic activity. Many economists warned that despite the slight increase in June, falling wages and rising unemployment likely will keep spending sluggish for the rest of this year. Still, the housing market continued to show signs of life as pending U.S. home sales rose in June for the fifth straight month, according to the National Association of Realtors. The group's pending home sales index rose more than expected to 94.6, from an upwardly revised reading of 91.3 in May. The last time there were five straight monthly gains was July 2003.
- MILWAUKEE (AP) -- Months after its first offers were rejected, PepsiCo Inc. said Tuesday it plans to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas, in deals worth a total of $7.8 billion. The world's second-biggest drink maker said Tuesday the deals will allow it to respond more quickly to a changing market as consumers seek out healthier options like juices and teas, rather than soft drinks. It will also allow the company, whose soft drink sales have been slipping, to control costs and more tightly manage its business.
PepsiCo, which makes brands like Pepsi and Gatorade, will pay $36.50 per share for the shares it does not own of Somers, New York-based Pepsi Bottling Group and $28.50 per share for the shares it does not own of Minneapolis-based PepsiAmericas.
- NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) announced today that Audi will offer its customers an introductory three-month trial offer of the "SIRIUS Everything" package upon the purchase of all SIRIUS-equipped certified pre-owned Audi vehicles sold in the U.S.
(Logo: http://us.lrd.yahoo.com/_ylt=AqcddmDtFJlXfQra.OCcTeGxcq9_;_ylu=X3oDMTE2NDIwaDcxBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d25ld3Nj/SIG=11ti2hcfu/**http:/www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO)
Audi will continue to offer SIRIUS as standard equipment on key models sold in the U.S., including the A3, A4, A5, A6, A8 and R8 models as well as the Audi Q7 and Q5 models. "SIRIUS is all about delivering the best in-class entertainment service that our customers expect to find in Audi vehicles," said Mark Del Rosso, Chief Operating Officer, Audi of America. "The Audi experience has always been about more than just driving, and that's why we know our customers want SIRIUS' sports, news, talk and 100% commercial-free music in their certified pre-owned Audi vehicles."
- WASHINGTON – Pending U.S. home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market, the National Association of Realtors reported Tuesday. For June, the Realtors group said its pending home sales index rose 3.6 percent to 94.6, from an upwardly revised reading of 91.3 in May. The last time there were five consecutive monthly gains was July 2003. The results were far better than analysts expected. Economists surveyed by Thomson Reuters expected the index to come in at 91.2. The report tracks signed contracts to purchase previously owned homes and is considered a barometer for future home sales. Typically there is a one- to two- month lag between a sales contract and a completed deal.
- Oil prices fell below $71 a barrel Tuesday, as investors booked profits after a big rally fueled by signs of economic recovery in the U.S. By midday in Europe, benchmark crude for September delivery was down 92 cents to $70.66 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, the contract fell as low as $70.28. On Monday, the contract rose $2.13 to settle at $71.58. "Oil has rallied to levels seen in June, before the sharp decline of nearly 16 percent," said analysts at Sucden Financial in London. "Given continuing poor oil fundamentals, current high prices seem difficult to sustain." A report Monday from the Institute for Supply Management, a trade group of purchasing executives, said U.S. manufacturing activity should increase next month for the first time since January 2008. Also, the Commerce Department said construction spending rose in June.
- Oil prices fell below $71 a barrel Tuesday, as investors booked profits after a big rally fueled by signs of economic recovery in the U.S. By midday in Europe, benchmark crude for September delivery was down 92 cents to $70.66 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, the contract fell as low as $70.28. On Monday, the contract rose $2.13 to settle at $71.58. "Oil has rallied to levels seen in June, before the sharp decline of nearly 16 percent," said analysts at Sucden Financial in London. "Given continuing poor oil fundamentals, current high prices seem difficult to sustain." A report Monday from the Institute for Supply Management, a trade group of purchasing executives, said U.S. manufacturing activity should increase next month for the first time since January 2008. Also, the Commerce Department said construction spending rose in June.
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