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Tuesday, May 18, 2010

Business Fr o m s t a f f a n d A P r e p o r t s

LOCAL STOCKS The following quotes on local companies are provided as a service by Smith Barney Citi Group, 112-B Monument Place, 601-636-6914. Archer-Daniels (ADM)...27.17 American Fin. (AFG).......28.32 Ameristar (ASCA).............20.28 Auto Zone (AZO).......... 183.72 Bally Technologies (BYI).45.37 BancorpSouth (BXS).......20.90 Britton Koontz (BKBK)...12.42 Cracker Barrel (CBRL).....51.43 Champion Ent. (CHB)..........20 Com. Health Svcs. (CYH).40.44 Computer Sci. Corp. (CSC).49.87 Cooper Industries (CBE).48.94 CBL and Associates (CBL)..15.72 CSX Corp. (CSX)................54.67 East Group Prprties(EGP). 38.43 El Paso Corp. (EP)............11.65 Entergy Corp. (ETR)........77.47

Fastenal (FAST).................53.65 Family Dollar (FDO)........40.51 Fred’s (FRED)......................13.97 Int’l Paper (IP)...................23.60 Janus Capital Group (JNS).12.34 J.C. Penney (JCP).............27.62 Kroger Stores (KR)...........22.08 Kan. City So. (KSU)..........37.78 Legg Mason (LM).......... 33.01 Parkway Properties (PKY).18.11 PepsiAmerica Inc. (PAS).29.98 Regions Financial (RF).... 8.27 Rowan (RDC).....................25.15 Saks Inc. (SKS)..................... 9.34 Sears Holdings (SHLD).108.90 Simpson-DuraVent (SSD).32.45 Sunoco (SUN)....................30.38 Trustmark (TRMK)...........23.83 Tyco Intn’l (TYC)...............38.12 Tyson Foods (TSN)..........17.64 Viacom (VIA)......................37.63 Walgreens (WAG)............35.71 Wal-Mart (WMT)..............52.73

ACTIVE STOCKS

Sales High Low Last Chg

AKSteel .20 14877 15.43 15.08 15.20+.39 AMR 13477 7.45 7.24 7.24—.07 AT&TInc 1.68 39683 25.90 25.75 25.76—.01 AMD 24964 9.01 8.81 8.83—.02 Agilent 19749 34.05 32.44 32.90—1.30 AlcatelLuc 16658 2.62 2.59 2.60+.02 Alcoa .12 37680 12.41 12.24 12.33+.23 Altria 1.40f 19692 21.80 21.63 21.73+.03 AmbacFh 79726 1.36 1.29 1.32—.14 AmExp .72 13581 41.74 41.04 41.05—.17 AIntlGprs 13342 39.98 39.04 39.74+.74 Anadarko .36 12662 59.43 57.90 58.85+1.67 BHPBillLt 1.66e 11768 67.25 66.23 66.84+1.27 BPPLC 3.36e 28254 46.78 46.30 46.46—.11 BcoSantand .82e 14901 10.90 10.76 10.82+.46 BkofAm .04 232282 16.75 16.46 16.47+.12 BarVixShT 42554 26.43 25.50 26.38—1.10 BarrickG .40 14194 44.91 43.97 44.71+.28 BeazerHm 30062 5.87 5.62 5.80+.56 Blockbsth 13067 .41 .39 .39—.02 Boeing 1.68 13067 70.13 68.64 69.00—.68 BostonSci 16307 6.91 6.78 6.78—.03 CBSB .20 11349 15.50 15.25 15.38+.13 Cemex .40t 16502 11.28 10.98 11.22+.24 ChesEng .30 13944 22.84 22.52 22.66+.37 Chevron 2.88f 13851 78.48 78.03 78.24+.51 Chimera .54e 21151 4.05 3.98 3.98—.02 Citigrp 1503603 3.96 3.89 3.90+.04 CliffsNRs .56f 12052 55.00 53.95 53.97+1.05 ConocPhil 2.20f 12135 56.10 55.68 55.73+.54 Corning .20 20166 18.66 18.31 18.58+.26 DeanFds 21132 10.20 9.86 10.15+.34 DeltaAir 13104 14.10 13.64 13.65—.29 DicksSptg 12177 30.00 28.66 28.88+.40 DirFBearrs 94109 13.78 13.31 13.76—.01 DrxFBulls .15e 63954 28.89 27.95 27.99—.01 DirxSCBear 59912 5.95 5.80 5.93—.18 DirxSCBull 4.85e 11830 59.69 58.34 58.56+1.63 DirxLCBear 11621 14.13 13.93 14.10—.31 Disney .35 17043 34.64 34.17 34.19—.01 DowChm .60 14690 27.99 27.27 27.63+.73 DuPont 1.64 11347 38.58 37.81 38.42+.77 EMCCp 18401 18.85 18.67 18.73+.06 EKodak 11415 6.01 5.88 5.90+.09 EldorGldg .05 12800 17.42 17.00 17.28+.06 EmersonEl 1.34 11001 49.03 47.92 48.93+1.04 ExxonMbl 1.76f 41952 64.27 63.99 64.00+.73 FannieMae 20933 1.02 1.00 1.01+.01 FidNatInfo .20 38506 27.50 26.80 27.37—1.51 FordM 134317 12.18 11.96 11.98+.03 ForestLab 25501 27.89 27.29 27.38+1.19 FredMac 11030 1.37 1.35 1.36+.03 FMCG 1.20f 29592 70.96 69.25 70.57+2.60 GLGPtrs 41408 4.38 4.35 4.36 GenElec .40 91649 17.87 17.68 17.77+.21 GoldmanS 1.40 22329 143.75 141.53 141.53—1.11 Hallibrtn .36 24117 28.84 28.23 28.61+.76 HeclaM 11196 6.02 5.88 5.97+.02 HewlettP .32 21774 48.28 47.80 48.10+.58 HomeDp .95f 95942 36.30 35.02 35.67+.08 HostHotls .04 16270 15.23 14.96 14.98+.01 iShBraz 2.72e 26678 66.52 66.06 66.39+1.30 iShJapn .14e 38735 9.93 9.89 9.92+.01 iShKor .32e 15363 48.36 47.81 48.15+.10 iSTaiwn .21e 21508 12.09 12.04 12.06+.02 iShChina25 .55e 36759 39.43 39.20 39.28+.60 iShEMkts .58e 125827 39.79 39.55 39.72+.47 iSEafe 1.44e 36842 50.63 50.44 50.48+.42 iShR2K .75e 105004 70.80 70.25 70.35+.66 iShREst 1.86e 15108 52.23 51.64 51.66+.29 ItauUnibH .55r 23704 20.57 20.23 20.50+.76 JPMorgCh .20 67525 40.62 39.86 39.90+.06 JohnJn 2.16f 27135 63.56 63.20 63.39—.50 Keycorp .04 22268 8.42 8.20 8.20—.06 Kraft 1.16 21021 30.64 30.34 30.60+.05

LVSands 59814 23.47 23.04 23.15+.65 Lowes .36 37076 25.25 24.75 24.80—.46 MGMMir 43614 14.12 13.80 13.81+.49 Macys .20 17200 22.67 22.29 22.33+.02 MarathonO 1f 21272 32.81 32.19 32.66+1.05 MarinerEn 11206 22.89 22.64 22.71+.27 MktVGold .11p 15953 52.24 51.27 52.01+.14 MasseyEn .24 11056 34.70 33.61 34.57+1.28 MedcoHlth 17178 58.23 57.71 58.13+.48 Merck 1.52 14122 33.00 32.75 32.85+.07 MetroPCS 13273 9.27 9.12 9.16+.11 Monsanto 1.06 19179 55.84 55.11 55.58+.10 MorgStan .20 19426 27.44 27.05 27.21+.10 Motorola 40351 6.97 6.88 6.93+.08 NewmtM .40 13343 57.14 56.19 56.75—.29 NokiaCp .56e 52168 10.66 10.49 10.50+.09 OilSvHT 1.74e 13299 113.39 112.01 112.56+2.52 PeabdyE .28 12622 41.42 40.46 41.20+1.59 Petrohawk 11972 20.04 19.61 19.79+.58 Petrobras 1.34e 16751 37.87 37.56 37.59+.54 Pfizer .72 92833 16.17 16.05 16.11 PSUSDBull 12007 25.15 25.11 25.14—.05 PrUShS&P 60607 31.57 31.29 31.54—.46 ProUltQQQ 11954 63.17 62.51 62.64+.72 PrUShQQQ 30486 16.92 16.74 16.89—.20 ProUltSP .41e 33212 40.41 40.06 40.11+.58 ProUShL20 11138 41.91 41.63 41.63—.45 ProUShtFn 22767 19.75 19.32 19.73—.04 ProUSR2K 15857 18.44 18.13 18.39—.36 ProUSSP500 12073 30.59 30.18 30.53—.66 ProUltCrude 15717 10.11 9.98 9.98+.25 ProctGam 1.93f 17345 63.88 63.40 63.88+.50 ProLogis .60 14896 12.39 12.03 12.04+.04 QwestCm .32 30618 5.34 5.27 5.33+.01 RRIEngy 14165 4.72 4.60 4.66—.02 RegionsFn .04 24635 8.42 8.16 8.16—.11 SpdrDJIA 2.47e 16841 107.51 107.15 107.28+.76 SpdrGold 26760 119.03 118.61 118.99—.37 S&P500ETF 2.21e 318435 115.22 114.72 114.79+.84 SpdrRetl .50e 31681 41.91 41.57 41.72+.58 Saks 17175 9.96 9.48 9.83+.49 Schlmbrg .84 14166 66.15 65.00 65.69+1.54 Schwab .24 13516 17.59 17.40 17.41+.03 SemiHTr .55e 34856 28.22 27.81 27.84—.07 SilvWhtng 19236 20.60 20.12 20.41—.11 SprintNex 198825 4.71 4.58 4.65+.16 SPMatls .52e 57623 32.35 31.87 32.14+.55 SPConsum .41e 20491 33.60 33.41 33.41+.15 SPEngy 1e 44863 56.86 56.38 56.56+.90 SPDRFncl .20e 224308 15.55 15.35 15.35—.01 SPInds .59e 33592 31.61 31.36 31.51+.40 SPTech .31e 12643 22.70 22.58 22.60+.08 StratHotels 16359 5.37 5.21 5.28+.18 Suncorgs .40 16588 31.44 30.95 31.30+1.09 Synovus .04 23756 3.14 3.06 3.11+.05 TJX .60f 31773 44.60 43.70 44.14—1.11 TaiwSemi .46e 13579 10.07 9.92 9.97 TeckResg .40 17640 34.41 33.35 34.18+2.08 TexInst .48 14822 25.66 25.29 25.31—.11 TrinaSols 20215 19.20 18.01 18.04—.26 TycoIntl .83e 15950 39.17 38.48 38.89+.77 USBancrp .20 18688 25.72 25.26 25.27—.34 USNGsFd 35767 7.79 7.74 7.77+.14 USOilFd 39568 34.59 34.34 34.37+.49 USSteel .20 27752 53.04 52.05 52.50+1.35 ValeSA .52e 43303 27.72 27.41 27.60+.61 ValeSApf .52e 14823 23.65 23.42 23.52+.45 VangEmg .55e 22094 39.91 39.73 39.84+.36 VerizonCm 1.90 30998 29.01 28.54 29.00+.34 Visa .50 32156 76.01 74.95 75.38+.67 WalMart 1.21f 44029 54.10 53.20 53.91+1.18 WeathfIntl 16309 15.91 15.62 15.79+.41 WellsFargo .20 55056 32.35 31.61 31.63—.34 Xerox .17 14191 10.29 10.10 10.25+.15 Yamanag .06f 16429 11.24 11.00 11.17+.07

smart money Q: What are some benefits of living trusts and how are they established? — D.E., Pennsylvania A: There are many uses of trusts. For the average person, bruce a living trust is established so that assets can be passed from one generation to another without the need of probate. There is nothing particularly discouraging about probate for an ordinary estate, but nonetheless, this is the major advantage. The other is privacy. A will is a public document, and as a consequence anyone can

williams

spend a couple of dollars to get a copy of the will once it’s filed for probate. A trust is a private affair and is not public and for the most part there is no tax advantage. There are a few exceptions. An attorney ordinarily establishes a trust of this kind, and the costs can be up to several thousand dollars. The one thing that is to be clearly understood is that a trust does not in any way, shape or form obviate the necessity of having an appropriately drawn and executed will. While I understand the workings of what is called a “pore over,” where assets go into the trust, it should be noted that a will does not have to be probated; it can be filed. •

Bruce Williams writes for Newspaper Enterprise Association. E-mail him at bruce@brucewilliams.com

Walmart, construction reports boost stocks NEW YORK (AP) — A jump in recent weeks, investors in home construction and have largely ignored signs of upbeat earnings from Walmart economic growth. Stocks had pushed stocks higher in morn- been posting solid gains earing trading. The Dow Jones lier in the year on steady signs industrial average rose about of improvement in the U.S. economy. 70 points. The modest rebound EncouragStocks also ing signals on got a boost in the euro came as the economy today from gains in the European leaders meet helped lift stock euro. The cur- to hammer out details of prices today. The Commerce rency has been driving trading a nearly $1 trillion rescue Department for weeks, and package agreed to last s a i d h o m e construction its rise indiweek. jumped 5.8 percates improvcent in April, ing confidence more than in Europe’s ability to control its debt crisis. expected and the strongest The euro rose to $1.2427 a day level since late in 2008. Walmart Stores Inc., the after hitting a four-year low. The modest rebound in world’s largest retailer and one the euro came as European of the stocks that makes up the leaders meet to hammer out Dow Jones industrials, rose 3 details of a nearly $1 trillion percent after reporting betterrescue package agreed to last than-expected earnings. In midmorning trading, the week. The bailout will provide countries like Greece access to Dow rose 72.40, or 0.7 percent, cheap loans so they can avoid to 10,698.23. The Standard & Poor’s 500 index rose 6.55, or defaulting. The euro had been tumbling 0.6 percent, to 1,143.49, while for weeks over concerns that the Nasdaq composite index severe cost-cutting measures rose 9.48, or 0.4 percent, to will drag down Europe’s econ- 2,363.71. The Dow recovered from omy and destabilize Europe’s shared currency, which is used a drop of 184 points on Monday to end with a gain of by 16 nations. While so much attention about 6 points after the euro has been focused on Europe strengthened.

Treasury takes $1.6B loss on 2009 Chrysler loan WASHINGTON (AP) — The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009. Taxpayer losses from bailing out Chrysler and General Motors are expected to rise as high as $34 billion, congressional auditors have said. Treasury said Monday that Chrysler repaid $1.9 billion of a $4 billion loan, which was extended before the company filed for Chapter 11. The government hopes to get another $500 million from the company that emerged from bankruptcy, Chrysler Group LLC. Treasury officials said that the government had no plans to boost its stake in the new Chrysler to cover those losses. It also acknowledged another $1.9 billion in potential losses

from a separate loan that had been made to the company that went through bankruptcy proceedings. It indicated slim hopes of recouping much if anything from that separate $1.9 billion loan. The original $4 billion loan was made in January 2009, when the Bush administration was scrambling to rescue Chrysler, GM and their auto financing arms. The Congressional Budget Office estimated in March that the government’s $85 billion bailout of the automakers would cost taxpayers $34 billion. Much of it will depend on how much the government recovers from its eventual sale of nearly 61 percent of GM and about 10 percent of Chrysler.

$1 million left in energy rebates JACKSON (AP) — Just more than $1 million is still available for rebates on the purchase of energy-efficient appliances, Mississippi officials said. The state received $2.8 million for the rebates under the federal stimulus package, and 57 percent of the money has been used. The State Energy Efficient Appliance Rebate Program

is designed to spur economic activity and reduce energy consumption. The Mississippi Development Authority says about 13,500 appliances have been sold in the state since the program started last month. The first-come, first-served rebates range from $50 to $750, depending on the appliance. Rebates are not available for online sales.

The Vicksburg Post

051810  

May 18, 2010

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