Nation/World/Money â—† A5
Wednesday, July 28, 2010 â—† The Mountain Press
STOCK EXCHANGE HIGHLIGHTS
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DOW JONES
Name
AFLAC INC ALCOA INC ALCATEL LUCENT ALLSTATE CORP ALTRIA GROUP INC APPLE INC AT&T INC BANK OF AMERICA BB&T CORP BOEING CO BRISTOL-MYERS CRACKER BARREL CHEVRON CORP CISCO SYSTEMS INC COCA-COLA CO CONEDISON INC DUKE ENERGY CORP EASTMAN CHEMICAL EXXON MOBIL CORP FIRST HORIZON FORD MOTOR CO FORWARD AIR CORP GAYLORD ENTERT GENERAL ELECTRIC HOME DEPOT INC IBM INTEL CORP
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NASDAQ
STOCKS OF LOCAL INTEREST
Last
50.71 11.21 2.76 28.61 22.05 264.08 26.15 14.19 26.09 68.62 25.32 49.73 75.30 23.30 55.05 47.16 17.36 59.60 60.81 11.77 13.03 29.30 29.23 16.18 28.58 128.63 21.58
na t ion / wo r l d b r i e f s
Chg %Chg
Name
Last
Chg %Chg
-0.33 -0.02 -0.02 0.28 0.06 4.80 0.19 0.04 0.10 -0.23 0.35 -0.33 0.68 -0.31 0.11 0.48 0.26 -0.26 0.42 0.02 0.09 -0.12 -0.55 0.04 -0.41 0.22 -0.13
JC PENNEY CO INC JPMORGAN CHASE KELLOGG CO KRAFT FOODS INC KROGER CO MCDONALD’S CORP MICRON TECHNOLOGY MICROSOFT CORP MOTOROLA INC ORACLE CORP PHILIP MORRIS PFIZER INC PROCTER & GAMBLE REGIONS FINANCIAL SEARS HOLDINGS SIRIUS XM RADIO INC SPECTRA ENERGY SPEEDWAY MTRSPTS SPRINT NEXTEL CORP SUNOCO INC SUNTRUST BANKS TANGER OUTLET TIME WARNER INC TRACTOR SUPPLY CO TRW AUTOMOTIVE WAL-MART STORES YAHOO! INC
25.41 40.69 52.48 29.88 21.28 70.40 8.43 26.16 7.74 24.57 51.34 15.27 63.08 7.21 70.78 1.02 21.45 14.28 4.83 34.21 26.27 45.45 31.72 69.03 32.90 50.96 13.95
-0.32 0.36 1.14 0.16 0.15 -0.47 -0.08 0.06 -0.12 -0.07 0.15 0.25 0.56 0.12 0.54
-0.65% -0.18% -0.72% 0.99% 0.27% 1.85% 0.73% 0.28% 0.38% -0.33% 1.40% -0.66% 0.91% -1.31% 0.20% 1.03% 1.52% -0.43% 0.70% 0.17% 0.70% -0.41% -1.85% 0.25% -1.41% 0.17% -0.60%
UNCH
-0.04 0.11 -0.22 -0.36 -0.11 -0.25 -0.04 -1.12 -0.68 -0.17 -0.20
-1.24% 0.89% 2.22% 0.54% 0.71% -0.66% -0.94% 0.23% -1.53% -0.28% 0.29% 1.66% 0.90% 1.69% 0.77% 0.00% -0.19% 0.78% -4.36% -1.04% -0.42% -0.55% -0.13% -1.60% -2.03% -0.33% -1.41%
Attorneys offer competing sides of Blagojevich By DON BABWIN Associated Press Writer CHICAGO — Two portraits of Illinois’ disgraced former governor emerged Tuesday from his corruption trial: An insecure bumbler who talked too much and a greedy, smart political schemer determined to use his power to enrich himself. The contrasting images were offered by a prosecutor and a defense attorney as they finished closing arguments and prepared to hand the case over to the jury, which was scheduled to begin deliberating Rod Blagojevich’s fate Tuesday after hearing seven weeks of evidence. Defense attorney Sam Adam Jr. described his client as naive and a poor judge of character — but not a criminal. He dismissed prosecution claims that Blagojevich tried to sell or trade the nomination to Barack Obama’s former Senate seat. Adam told jurors they knew the truth after listening to hours of FBI wiretap tapes played by prosecutors. “You heard the tapes, and you heard Rod on the tapes,� he said. “You can infer what was in Rod’s mind on the tapes. You can infer from those tapes whether he’s trying to extort the president of the United States. We heard tape after tape of just talking.� But Assistant U.S. Attorney Reid Schar took those same words and told the jury to listen to both what the governor said and what he didn’t say. Blagojevich, he insisted, knew how to ask for a bribe in a way that the person on the other end of the phone understood exactly. “He knows how to communicate, that is what he does for a living,� Schar said. “He’s good at it.� Dismissing the idea that others led him into the schemes, he asked, “Somehow he is the accidentally corrupt governor?� Adam — pacing, sweating and alternately shouting and whispering to the jury — acknowledged to jurors as he began that he did not call Blagojevich to testify, as he had promised when the trial started, because the government did not prove its case. “I thought he’d sit right up here,� Adam shouted, walking over to the witness stand and pointing at the empty chair. “I promised he’d testify. We were wrong. Blame me.� “I had no idea that in two-and-a-half months of trial that they’d prove nothing. ... They want you, you and you to convict him� with no evidence, he yelled, moving along the jury box and pointing to individual jurors. Instead, he portrayed Blagojevich as a victim of
overzealous prosecutors. Adam had wanted to name potential witnesses that prosecutors didn’t call to testify, even threatening Monday to risk jail by doing it after Judge James B. Zagel forbid it. Zagel rejected the idea of incarcerating him at the beginning of the proceedings, but still warned him not to name the witnesses, saying he would be held in contempt of court. Adam never crossed that line but did find a way to work in references to Obama, presidential adviser Valerie Jarrett and White House chief of staff Rahm Emanuel. The prosecution objected more than 20 times to Adam’s statements, all of which were sustained by the judge. Blagojevich, 53, has pleaded not guilty to 24 counts, including trying to sell or trade an appointment to Obama’s vacated Senate seat for a Cabinet post, private job or campaign cash. His brother, Nashville businessman Robert Blagojevich, 54, has also pleaded not guilty to taking part in that alleged scheme.
GM to sell Volt for $41K
DETROIT (AP) — General Motors Co. said Tuesday its Chevrolet Volt electric car will cost $41,000 when it goes on sale in November. While the price is about $8,000 more than its closest rival, the Nissan Leaf, GM said it will offer a $350per-month lease deal that’s essentially equal to the Leaf’s. That will put the battery-powered Volt within reach of many people, GM said. Both cars also are eligible for a federal tax credit that will cut their prices by $7,500. The Volt’s price would fall to $33,500 while the Leaf’s would drop to $25,280 from $32,780. Some states, such as California, Georgia and Oregon, offer additional tax breaks that lower the price further. The Volt, a 4-door sedan, runs on battery power for up to 40 miles but has a small gasoline engine to generate electricity once the battery runs down. The gas engine can generate power to run the car another 300 miles.
EF1 tornado confirmed in Nashville
NASHVILLE (AP) — A tornado touchdown with winds up to 110 mph has been confirmed from Monday night storms in Nashville. Bobby Boyd of the National Weather Service said Tuesday that an EF1 tornado hit north of downtown Nashville with winds of 105 to 110 mph. The area is south of Goodlettsville, in the Belshire community along Brick Church Pike. No injuries were reported, but the storm damaged at least 12 roofs, knocked down trees and limbs, brought down power lines and tore shingles off roofs. The forecasts statewide call for a chance of thunderstorms into the weekend.
Associated Press
A preproduction Chevrolet Volt is driven at the General Motors Hamtramck Assembly plant during a news conference in Hamtramck, Mich., in December.
U.S. can’t find $8B in Iraqi funds
BAGHDAD (AP) — The U.S. Defense Department is unable to properly account for over 95 percent of $9.1 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit released Tuesday. The report by the U.S. Special Investigator for Iraq Reconstruction offers a compelling look at continued laxness in how such funds are being spent in a country where people complain basic services like electricity and clean water are sharply lacking seven years after the U.S.-led invasion that toppled Saddam Hussein. The audit found that shoddy record keeping by the Defense Department left the Pentagon unable to fully account for $8.7 billion it withdrew between 2004 and Dutch boy, 14, to sail world 2007 from a special fund set up by the U.N. Security MIDDELBURG, Netherlands (AP) — A 14-year-old Council. Dutch sailor will be allowed to launch a risky attempt to become the youngest person to sail solo around the world, a court said Tuesday, clearing her for an adven- Koreas mark truce amid tensions ture that could begin within two weeks. ABOARD THE USS CURTIS WILBUR (AP) — On Laura Dekker said she was thrilled to hear of the the 57th anniversary of the armistice that ended the Middelburg’s family court’s decision to lift a guardian- Korean War, U.S. and South Korean ships intensified ship order imposed on Dekker last year after she said high-profile military exercises Tuesday that undershe wanted to set sail when she was still just 13. score rising tensions in a region yet to truly find Presiding Judge S. Kuypers said the decision and peace. responsibility for Laura now “lies with her parents.� The massive maneuvers, called “Invincible Spirit,� are being conducted by an armada of South Korean and U.S. ships — including the USS George Washington Barge collision closes Miss. River supercarrier — in international waters off the South COVINGTON, Tenn. (AP) — Twenty-five vessels Korean coast. were backed up on the Mississippi River at midday, 13 hours after a chemical spill closed a stretch north of Memphis. A barge collision at about 9 p.m. Monday spilled the chemical acrylonitrile. Three tugboat workers were hospitalized as a precaution and the river was closed at 10:22 p.m. A Coast Guard spokeswoman said a lightering vessel that could offload the remaining acrylonitrile from the damaged barge was on the way and would arrive Tuesday evening. The accident happened near the line between Tipton and Lauderdale counties on the Tennessee side and about eight miles south of Osceola on the Arkansas side.
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