Read Tues. Flowed 11.15.11.indd text version

PAGE 10­THE PONCA CITY NEWS, TUESDAY, NOVEMBER 15, 2011

MARKETS

Argus Hamilton

Prices as of 11 a.m. Today Farmer's Co-op Assn. Wheat .....................................6.79 Corn ........................................6.35 Milo ..........................................6.15 Soybeans .............................11.38

Finding New Success

HOLLYWOOD -- God bless America, and how's everybody? President Obama watched an NCAA basketball game aboard the USS Carl Vincent on Veteran's Day in San Diego Harbor Friday. It's the ship that tossed Osama bin Laden in the ocean. It was the high point of his presidency if you don't count the Republican debates. Billy Crystal was asked to host the Oscars in Hollywood Friday. He will replace Eddie Murphy, whose producer was just fired for insulting gays. Far from insulting gays, Billy always ends his monologue with a song and dance number that employs hundreds of them. Two and a Half Men star Ashton Kutcher apologized for ripping Penn State for firing coach Joe Paterno in a tweet. He didn't get the story. He knew Penn State was just voted the nation's number-one party school but he didn't know it was by the College of Cardinals. Texas Governor Rick Perry tried to laugh off his embarrassing prime-time memory lapse during last week's GOP debate. He's fighting a perception that he's not that bright. More and more he's providing living proof that any child can grow up to be vice president. Newt Gingrich surged into contention for the GOP nomination in the polls on Friday after another strong debate performance. The rise has been effortless. He's surged from fifth to second by sticking to his strategy of not being any of the other GOP candidates. Herman Cain alleged Thursday the sexual harassment accusations against him were set up by the Democratic Party machine. How is that possible? Everyone knows that for Democrats sexual misconduct is not a disqualifier for public office, it's a requirement. Herman Cain apologized Friday for referring to Nancy Pelosi as Princess Nancy. He's on schedule. After three months of scrutiny, every presidential campaign has one male candidate who has to apologize for everything he ever said to a woman or about a woman. The White House delayed building the Canadian oil pipeline across the U.S. until after the election. Environmentalists say oil would get into the groundwater. Does President Obama realize how many votes he would get if every toilet in America became an oil well? President Obama surged in the Gallup Poll to pull even with the Generic Republican on the ballot. The generic Republican had a bad week. It's now clear that Mitt Romney will say anything to get elected while Rick Perry would get elected if he could say anything. President Obama hosted an APEC Summit in Hawaii Sunday before flying to Asia and Australia for nine days. It might work. Analysis reveals that after a president's been in office for three years he goes up in the polls one point for every three days he goes missing. McDonald's began testing carrots, blueberries, and snow peas to replace French fries in Happy Meals Monday. Sales are way up. In the last few weeks they tested apple slices instead of fries and it's tripled the orders for a Happy Meal plus a large order of fries. Nevada casinos reported gambling revenue is off six percent from last year. The NBA lockout is causing the same problem as the new Wall Street rules. No matter how much they discount the hotel rooms, people refuse to invest their money if there is risk involved. Richard Nixon's grand jury testimony about the Watergate scandal was released last week. Comedians are forever in his debt. His racist and anti-Semitic rants heard on the Oval Office tapes provide the script for the hit one-man show, An Evening with Mel Gibson. ---------- Argus Hamilton is the host comedian at The Comedy Store in Hollywood and entertains groups and organizations around the country. E-mail him at [email protected]

©2011 by Argus Hamilton

CHICAGO (AP) -- Grain futures mostly fell Monday on the Chicago Board of Trade. Wheat for December delivery fell 1 cents to $6.1575 a bushel; December corn fell 5 cents to $6.3350 a bushel; December oats fell 2.50 cents to $3.19 a bushel; while January soybeans rose 2.75 cents to $11.7825 a bushel. Beef and pork futures traded mixed on the Chicago Mercantile Exchange. December live cattle fell 0.45 cent to $1.2010 a pound; January feeder cattle rose 0.13 cent at $1.4580 a pound; while December lean hogs rose 0.12 cent to 86.57 cents a pound. OKLAHOMA CITY (AP) -- The Oklahoma Department of Agriculture-USDA Market News reports grain prices as of 2 p.m. Monday, Nov. 14, 2011. U.S. No 1 HARD RED WINTER WHEAT: Mixed, mostly 5 cents lower. 6.27-6.87. Frederick, Lawton 6.27, Temple 6.27, Davis 6.43, Hobart 6.47, Keyes 6.53, Hooker 6.56, Eldorado 6.64, Alva, Buffalo, Clinton, Weatherford 6.67, Miami 6.68, Shattuck 6.69, Perry, Ponca City, Stillwater 6.76, Manchester 6.82, Cherokee 6.84, Medford 6.86, Banner, El Reno, Geary, Okarche, Okeene, Watonga 6.87, Gulf 7.42. MILO: 21 to 39 cents lower. 9.1711.14. Frederick 9.17, Alva, Buffalo 10.16, Weatherford 10.78, Miami 10.92, Manchester, Medford, Ponca City, Shattuck 10.96, Hooker 11.00, Keyes 11.14, Gulf 12.48. SOYBEANS: 10 to 12 cents higher. 10.81-11.42. Hooker 10.81, Shattuck 10.88, Alva, Buffalo 11.02, Ponca City 11.23, Stillwater 11.26, Medford 11.28, Miami 11.42, Gulf 12.28. CORN: 12 cents lower. 5.54-6.76. Medford 5.54, Manchester, Ponca City 6.34, Miami 6.36, Keyes 6.74, Hooker 6.76, Gulf 7.01 1/2. CANOLA (CWT): Apache, Dacoma, Hillsdale N/A, Oklahoma City 22.96. Grade 41, Leaf 4, Staple 34 Cotton in Southwestern Oklahoma averaged 96.00 cents per pound. NEW YORK (AP) -- Final stocks Last Chg. AMR Corp 2.14 -- .11 AT&T Inc 29.19 -- .23 Alcoa 10.38 -- .22 Altria 27.62 -- .16 Ameren Cp 32.45 -- .54 AmEl Pw 39.07 -- .45 AmExpress 49.45 -- .92 ArchDanM 29.78 + .09 AutoZone 336.23 --1.43 BP PLC 43.57 -- .44 Beam Inc 50.51 -- .12 Boeing 67.94 + 1.02 BristMySq 31.51 -- .28 Brunswick 16.78 -- .46 CampbSoup 33.58 -- .21 CATO 25.90 -- .96 Chevron 106.17 -- .88 Citigroup rs 28.38 -- .95 CocaCola 67.79 -- .33 CompSci 25.46 --1.02 CYH (CHS) 21.03 -- .36 Con-Way 29.55 -- .20 ConAgraFds 24.92 + .15 ConocoPhil 71.70 -- .44 Corning 15.34 + .23 CurtisWright 32.10 -- .45 DTE Energy 51.65 -- .61

Grain Futures Mostly Fall, Livestock Prices Mixed

Oklahoma Ag Prices

Monday's Final Stocks

DeereCo Dillards Inc Disney DowChem DuPont EstKodak EmersonElec Entergy Exelon ExxonMobil FMC Corp FirstEnergy FootLocker FordMot GenDynam GenlElec GenMills Goodrich Goodyear Google GtPlainsEgy Halliburton Hershey HewlettPk HomeDepot HoneywellIntl IngersollRd IBM IntlPaper JohnsonJn JohnsonCtrl Kroger Co LindsayCorp LockheedM Lowes Cos MarathonOil s McDonalds NCR Corp NWL (RBR) NobleEngy Nucor OGE Energy OccidentPet OfficeMax ONEOK PG&E Corp Penney JC PepsiCo Pfizer PitnyBw Praxair ProctGamb RexAmRescs RockwellAuto SaraLee Schlumbrg SnapOn SprintNextel Staples Sunoco Sykes Textron 3M Co TimeWarner Timken TractorSply Tyson UnionPacif USSteel UnitedTech VerizonComm ViadCorp WalMart WellsFargo WestarEngy WilliamsCos Winnebago YumBrands

NEW YORK (AP) -- Wall Street numbers from Monday, Nov. 14, 2011. Dow Jones Industrials High: 12,170.56 Low: 12,027.03 Close: 12,078.98 Change: Down 74.70 Other Indexes Standard&Poors 500 Index: 1251.78 Down 12.07 NYSE Index: 7493.29 Down 82.89 Nasdaq Composite Index: 2657.22 Down 21.53 AMEX Composite Index: 2270.21 Down 35.48 Russell 2000 Index: 732.89 Down 11.75 DJ U.S. TotalStkMkt: 13,089.87 on the Kansas City Board of Low 690 702 12 1/2 11 10 1/2 10 11 1/2 11 1/2 11 1/2 11 1/2 11 1/2 Settle 692 703 1/2 -- -- Chg. 12 12

Wall Street Numbers At a Glance

74.70 49.18 36.12 27.86 48.25 1.10 50.96 69.00 44.65 78.96 82.28 44.72 22.86 11.02 65.31 16.10 39.28 122.87 13.72 613.00 20.98 38.53 56.08 27.32 38.25 54.71 31.19 187.35 28.15 64.91 31.72 23.14 59.47 77.35 23.50 27.67 94.06 18.85 16.22 94.84 39.27 52.03 97.81 5.51 78.21 40.02 32.98 62.80 19.79 19.31 101.39 63.05 18.21 73.59 18.66 75.62 55.89 2.86 15.37 36.79 15.65 18.74 81.87 34.62 43.42 74.40 19.85 102.97 26.39 79.05 37.00 19.69 58.89 25.10 27.26 30.60 7.07 55.29

--1.09 + .98 -- .58 -- .33 -- .27 -- .02 -- .40 -- .95 -- .41 -- .76 --1.16 -- .73 -- .36 -- .12 -- .41 -- .20 -- .28 + .07 -- .21 + 4.65 -- .44 -- .06 -- .91 -- .26 + .19 -- .08 -- .22 -- .03 -- .47 -- .34 -- .13 -- .29 --1.34 -- .07 + .39 -- .51 -- .70 + .30 + .02 + .09 -- .43 -- .74 --2.00 -- .10 -- .50 -- .32 -- .94 -- .48 -- .20 -- .13 -- .10 -- .84 -- .21 --1.04 -- .09 -- .92 + .53 -- .05 -- .06 + .32 -- .36 + .05 -- .42 -- .59 -- .50 -- .10 + .34 + .09 + .25 -- .78 -- .52 -- .44 -- .31 -- .55 -- .28 -- .74 -- .12 -- .52

Down 126.99 Volume NYSE consolidated volume: 3,005,271,235 Total number of issues traded: 3,126 Issues higher in price: 741 Issues lower in price: 2,302 Issues unchanged: 83

Stocks Slip as Italian Bond Sale Renews Euro Fears

By MATTHEW CRAFT AP Business Writer

Sponsored by PONCACITY.NET

Plea Docket Scheduled Over Assault Charges

NEWKIRK -- A plea docket is scheduled for Christian Crazybear, 19, Ponca City, in Kay County District Court on Dec. 19. Crazybear was arrested on Aug. 3 by Ponca City police and later charged with aggravated assault and battery and assault and battery with a dangerous weapon, both after felony convictions. Former Ponca City police officer Amanda Ingram reports in the police affidavit that she was dispatched to a residence in the 800 block of South Eleventh Street in reference to an assault. Ingram reports that she saw a 71-year-old man that appeared to be dead lying in a hallway with blood all over his face. Ingram took pictures of a female that sustained facial injuries. Other officers arrested Crazybear after the injured woman told police that Crazybear had beaten her and the elderly man. Crazybear is also facing a felony charge of possession of a controlled substance stemming from a May arrest. In 2010 Crazybear entered a plea of no contest in Kay County District Court to felony charges of assault and battery upon a police officer and prisoner placing body fluid on a city employee. In that case he was convicted of hitting an officer with a full can of beer and spitting on a officer. He was sentenced by Judge Leslie Page to five years in the Oklahoma Department of Corrections with all but six months in the county jail suspended and 100 hours of community service. He is currently being held in the county jail on $100,000 bond.

KANSAS CITY (AP) --Wheat futures Trade Mon: Open High WHEAT 5,000 bu minimum; cents per bushel Dec 697 697 Mar 712 712 May 712 1/2 -- Jul 721 1/2 -- Sep 735 1/2 -- Dec 755 -- Mar 767 -- May 762 -- Jul 743 -- Sep 749 -- Dec 757 -- Fri.'s sales 24,262 Fri.'s open int 156,523, up 2,471

Kansas City Wheat

Plea Docket Scheduled Over Felony DUI Charge

NEWKIRK -- A plea docket is scheduled for Henry Robert Rhodd, 55, in Kay County District Court on Jan. 9 at 1:30 p.m. Rhodd, a member of the Ponca Tribe Business Committee, is facing a felony charge of driving under the influence, second and subsequent offense and misdemeanor charges of transporting an open container of beer and failure to maintain security verification. Rhodd was arrested by Ponca City police in July of 2010 after officer Paul Qualls responded to the area of North Osage Street and West Highland Avenue at 1:50 a.m. for a report of two intoxicated drivers leaving a bar. In the police affidavit, Qualls stated he observed a vehicle traveling westbound on Highland and followed it, subsequently observing the car swerving and then failing to stop for the red signal light at North Ash Street and West Highland Avenue. The vehicle was stopped by Qualls in the 700 block of North Peachtree. According to court records, Rhodd was previously convicted of a misdemeanor DUI offense and transporting an open container in Custer County on Oct. 3, 2003. A motion to quash that information was filed on June 3, 2011 by Rhodd's attorney James Emig. The court overruled the motion. Rhodd entered a plea of not guilty to the charge on Aug. 22, 2011. Rhodd is a former vicechairman. A felony conviction would make him ineligible to hold tribal office, according to the Ponca Tribe Constitution.

Oklahoma Lottery

Winning Numbers Drawn in 'Pick 3' Game OKLAHOMA CITY (AP) -- The winning numbers in Monday evening's drawing of the Oklahoma Lottery's "Pick 3" game were: 2-6-6 (two, six, six) Winning Numbers Drawn in 'Cash 5' Game OKLAHOMA CITY (AP) -- The winning numbers in Monday evening's drawing of the Oklahoma Lottery's "Cash 5" game were: 10-12-18-34-36 (ten, twelve, eighteen, thirty-four, thirty-six)

CHICAGO (AP) -- Futures trading on the Chicago Board of Trade Mon.: Open High Low Settle Chg. WHEAT 5,000 bu minimum; cents per bushel Dec 616 622 610 1/4 615 3/4 -- 1 Mar 639 650 635 638 1/4 -- 7 3/4 May 659 1/2 670 654 3/4 657 1/2 -- 9 1/4 Jul 673 1/2 684 1/4 669 1/2 672 1/2 -- 8 1/2 Sep 693 1/2 705 693 695 -- 9 1/2 Dec 718 1/4 731 3/4 715 1/2 718 -- 11 Mar 738 746 733 3/4 735 -- 11 May 736 1/4 736 3/4 736 1/4 736 3/4 -- 11 Jul 716 728 3/4 715 718 3/4 -- 10 Sep 744 3/4 744 3/4 734 3/4 734 3/4 -- 10 Dec 756 756 744 3/4 744 3/4 -- 11 1/4 Mar 754 3/4 754 3/4 744 3/4 744 3/4 -- 10 May 754 3/4 754 3/4 744 3/4 744 3/4 -- 10 Jul 754 3/4 754 3/4 744 3/4 744 3/4 -- 10 Est. sales 93,863. Fri.'s sales 124,934 Fri.'s open int 432,689, up 3,502 CORN 5,000 bu minimum; cents per bushel Dec 633 644 3/4 630 1/4 633 1/2 -- 5 Mar 643 654 639 1/4 643 1/4 -- 4 1/2 May 649 1/4 661 646 649 1/4 -- 5 1/4 Jul 652 1/4 663 1/2 648 1/4 651 1/4 -- 5 Sep 601 607 1/4 599 1/4 600 -- 3 1/4 Dec 574 579 1/2 571 1/4 573 -- 1 Mar 585 3/4 586 1/4 583 1/4 584 -- 1 1/4 May 591 1/4 598 3/4 590 3/4 591 -- 1 3/4 Jul 597 1/4 597 1/4 595 1/2 595 1/2 -- 1 3/4 Sep 575 575 573 573 Dec 560 567 1/4 560 561 -- 3 Jul 583 583 582 582 -- 3 1/2 Dec 570 570 568 568 -- 2 Est. sales 379,563. Fri.'s sales 381,678 Fri.'s open int 1,315,639, up 4,847 OATS 5,000 bu minimum; cents per bushel Dec 319 1/2 322 1/2 318 1/2 319 -- 2 1/2 Mar 325 1/2 328 324 325 -- 2 1/2 May 333 3/4 333 3/4 331 331 -- 2 3/4 Jul 339 1/2 339 1/2 337 337 -- 2 1/2 Sep 345 1/2 345 1/2 343 343 -- 2 1/2 Dec 342 342 342 342 -- 2 1/2 Mar 355 1/2 355 1/2 353 353 -- 2 1/2 May 361 1/2 361 1/2 359 359 -- 2 1/2 Jul 367 1/2 367 1/2 365 365 -- 2 1/2 Sep 375 1/2 375 1/2 373 373 -- 2 1/2 Jul 412 1/2 412 1/2 410 410 -- 2 1/2 Sep 420 1/2 420 1/2 418 418 -- 2 1/2 Est. sales 817. Fri.'s sales 1,157 Fri.'s open int 17,654, up 84 SOYBEANS 5,000 bu minimum; cents per bushel Nov 1174 1180 1168 3/4 1172 + 6 Jan 1179 1/4 1193 1177 1178 1/4 + 2 3/4 Mar 1188 3/4 1203 1/4 1187 1/2 1188 3/4 + 3 May 1200 3/4 1213 3/4 1197 1/4 1199 + 3 Jul 1210 1/4 1221 1207 1207 3/4 + 2 1/2 Aug 1214 1/4 1214 1/4 1204 1/4 1204 1/4 + 1 1/2 Sep 1208 1/4 1208 1/4 1195 1/2 1196 1/2 + 1 Nov 1195 1/2 1206 1191 1/2 1193 + 1/2 Jan 1208 1208 1201 1/4 1202 1/4 + 1/2 Mar 1215 1/4 1215 1/4 1209 3/4 1209 3/4 -- 1/2 May 1215 3/4 1215 3/4 1211 1/4 1211 1/4 + 1/2 Jul 1219 1/4 1220 1/2 1217 3/4 1217 3/4 + 1/2 Aug 1209 1/2 1210 1209 1/2 1210 + 1/2 Sep 1193 1/2 1194 1193 1/2 1194 + 1/2 Nov 1180 1/4 1191 1179 1180 1/2 + 1/2 Jan 1185 Mar 1185 May 1185 Jul 1197 1/2 1198 1197 1/2 1198 + 1/2 Aug 1185 Sep 1185 Nov 1185 3/4 1185 3/4 1185 3/4 1185 3/4 + 1/2 Jul 1185 Nov 1185 Est. sales 120,137. Fri.'s sales 113,824 Fri.'s open int 526,394, up 1,183

Futures Trading Close

NEW YORK (AP) -- The stock market fell Monday after a jump in Italy's borrowing costs reminded investors of how much work remains to be done to contain Europe's debt problems. The Dow Jones industrial average lost nearly 75 points. Bank stocks fell the most. European markets also fell and the euro weakened against the dollar. Major indexes closed higher last week as Greece and Italy moved to form new governments and took other decisive steps to get their debt troubles under control. However worrisome signs re-emerged Monday. The Italian government had to pay 6.29 percent at an auction of fiveyear bonds, the highest rate since since 1997. Italy paid a much lower rate of 5.32 percent at a similar auction last month. That's a sign investors are still concerned about Italy's ability to repay its debts. Stocks tanked last Wednesday after key Italian borrowing rates jumped above 7 percent, a level widely seen as unsustainable. Also Italy's biggest bank, Unicredit, reported a $14.4 billion loss. "The problems these countries are dealing with go well beyond their prime ministers," said Dan Greenhaus, chief global strategist at the brokerage BTIG. "Italy didn't get where it is in five minutes. And it's not going to get out of where it is in five minutes. This is going to take months." The Dow fell 74.70 points, or 0.6 percent, to close at 12,078.98. Bank of America Corp. fell 2.6 percent and JPMorgan Chase & Co. fell 2.2 percent, the largest drops among the 30 large companies in the Dow. The Standard & Poor's 500 index fell 12.06 points, or 1 percent, to 1,251.79. The Nasdaq composite index fell 21.53, or 0.8 percent, to 2,657.22. Three stocks fell for every one that rose on the New York Stock Exchange. Volume was very light at 3 billion shares. Stocks have risen since early October on encouraging signs of progress in containing Europe's debt crisis, stronger U.S. corporate earnings and better news on the U.S. economy. The S&P 500 has soared 13.7 percent since hitting its low for the year on Oct. 3. That surge has drawn big investors back into the stock market and opened the door to a long line of companies waiting to go public. The flow of money from institutions into U.S. stock funds hit $7.3 billion last week, the third largest tally this year, according to fund tracker EPFR Global. Angie's List, a customer review website, Delphi Automotive and seven other companies are scheduled to go public this week. If they all wind up going through, it would be the biggest week for IPOs in four years, according to Renaissance Capital, an IPO advisory firm. In corporate news, the airline Emirates placed an order for 50 Boeing 777s, one of the largest orders ever placed with the aircraft maker. Boeing Co. also picked up a new customer, Oman Air, which ordered six 787s. Boeing rose 1.5 percent. J.C. Penney Co. fell 2.8 percent after reporting a quarterly loss. The department store operator said its results were weighed down by restructuring costs. The company also lowered its earnings outlook for the rest of the year. Lowe's Cos. rose 1.7 percent after the country's second-largest home-improvement retailer reported revenue and earnings that beat analysts' expectations. The Dow has made gains in six of the past seven weeks, and is still up 1 percent for the month. The S&P 500 and the Nasdaq are slightly lower.

hours of argument, unprecedented in modern times -- in time for a likely ruling affecting millions of Americans just before the presidential election. That ruling, expected before July 4 next year, could determine the fate of Obama's signature domestic achievement, the farthest-reaching domestic legislation in a generation but a political lightning rod as well. It is vigorously opposed by all of Obama's prospective GOP opponents. The Patient Protection and Affordable Care Act aims to provide health insurance to more than 30 million previously uninsured Americans. But Republicans have branded the law unconstitutional since before Obama signed it in a ceremony in March 2010. ---------- WASHINGTON (AP) -- The Department of Transportation said Monday it has fined a regional affiliate of American Airlines $900,000 for keeping hundreds of passengers cooped up for hours on planes in Chicago earlier this year, a clear warning to airlines on the eve of the holiday travel season that similar incidents won't be tolerated. American Eagle Airlines had tarmac delays of more than three hours on 15 flights arriving at O'Hare International Airport on May 29, the department said in a statement. A total of 608 passengers were aboard the delayed flights. The airline must pay $650,000 of the fine within 30 days, the department said. But up to $250,000 can be credited for refunds, vouchers, and frequent flyer mile awards provided to the passengers on the 15 flights, as well as to passengers on future flights that violate the threehour rule, the department said. ---------- OMAHA, Neb. (AP) -- Billionaire Warren Buffett said Monday that his company had bought more than 5 percent of IBM's stock this year, and then Berkshire Hathaway revealed several other new investments made during the stock market turmoil of the third quarter. Besides the new $10.7 billion IBM investment, Berkshire added stakes in Intel, DirecTV, General Dynamics and CVS Caremark, each worth less than $200 million, according to Berkshire. Most of the details emerged from the quarterly update Berkshire filed with regulators on its $59 billion U.S. stock portfolio, but Buffett disclosed some details in interviews earlier in the day. Monday's filing doesn't offer a full picture of Berkshire's holdings because the Securities and Exchange Commission allowed the Omaha-based company to keep some of its investments confidential. ---------- WASHINGTON (AP) -- The millions that Jon Corzine amassed as head of Goldman Sachs have become an alluring target for investors who were crushed by the collapse of MF Global, the brokerage firm he led until earlier this month. And Corzine isn't the only one who may be financially vulnerable after the eighth-largest bankruptcy in U.S. history. Others include MF Global's other top executives; its auditor, PricewaterhouseCoopers;

and some big Wall Street banks. Even MF Global itself, which can't be sued while in bankruptcy protection, could sue its former executives. Corzine and other senior executives likely share a liability insurance policy to cover potential lawsuits against them. But experts say potential damages sought could well exceed the limits of their policy. ---------- PARIS (AP) -- The interest rate France pays to borrow money rose again Monday -- and along with it fears that the country will lose its cherished AAA credit rating. Theoretically at least, that rating -- the highest a nation can have -- allows France to borrow money from the markets cheaply. But France pays more than nearly every country that has a Triple A rating from all three of the major ratings agencies, except Australia, whose economy is less than half the size, and tiny Austria, which pays about the same rate. On Monday, the yield on France's 10-year bond -- the usual yardstick for a country's borrowing costs -- rose 0.05 percentage points to 3.42 percent. That's nearly twice Germany's and significantly more than the roughly 2 percent paid on 10-year U.S. Treasury notes. Some say with yields that high, France retains the AAA rating in name only, since the country has already lost the benefit of the rating, namely low borrowing costs. ---------- NEW YORK (AP) -- J.C. Penney Co.'s new CEO, former Apple executive Ron Johnson, told analysts Monday that the department store chain is rethinking everything it's doing -- from pricing to products. The message came as the retailer reported a loss for its third quarter, which ended Oct. 29. Johnson's comments offered valuable insights into the next chapter for Penney's, which is among many mid-priced retailers that have been hurt as their middleincome consumers took the brunt of the challenges of the weak economy. The Plano, Texas, company has added popular brands like Sephora cosmetics and clothing line MNG by Mango, but it's still struggling to make its stores more inviting places to shop. The company said the loss resulted from costs related to restructuring, its management transition and a voluntary retirement program. But its adjusted profit beat Wall

Street expectations. Penney's forecast fourth-quarter earnings below Wall Street forecasts. ---------- MOORESVILLE, N.C. (AP) -- The home improvement retailer Lowe's Cos. says costs related to closing stores and other restructuring pushed its net income down 44 percent, but its adjusted results beat analysts' expectations. Lowe's has started closing stores and cutting costs to offset weak demand as consumers continue to refrain from big home improvement projects. With the housing market moribund, CEO Robert Niblock said in an interview with The Associated Press that he does not expect a full rebound until at least 2013. The Mooresville, N.C., company said Monday that it recorded charges in the third quarter that reduced pre-tax earnings by $336 million, or 17 cents per share. Lowe's announced last month that it would close 20 underperforming stores in 15 states and cut nearly 2,000 jobs to focus on its more profitable locations. The company also has scaled back expansion plans. The company said purchases over $500 fell nearly 1 percent. ---------- DETROIT (AP) -- Federal safety regulators are investigating problems with the automatic shift levers on several General Motors cars because drivers may think the cars are in park when they actually are in gear. Seven crashes have been reported because of the problem, including one in which a driver put a car in park, got out and was struck and injured when the car unexpectedly rolled backward, the National Highway Traffic Safety Administration said Monday in documents posted on its website. Another car put in park with the engine running reportedly accelerated and ran into a wall after the driver got out. NHTSA said the protective jacket around cables connecting the floor shift lever to the transmission can deteriorate, exposing the cables to the elements. Cables can corrode and weaken, and the shift lever position can change so it doesn't match the car's gear. That means a driver could put the car in park but the transmission could be in drive or reverse. In some cases, the car may not shift at all.

Lowe's 3Q Profit Sinks 44 Percent on Charges

France Frets About Prized AAA Debt Rating

Airline Fined $900,000 For Lengthy Tarmac Delays

Regulators Probing Gear Shift Trouble With GM Cars

Penney's Posts a 3Q Loss

Buffett's Firm Reveals Several New Investments

Corzine's Fortune Could Invite More Lawsuits

Sudoku Puzzle Answers

Crossword Puzzle

ACROSS 1 Ostrichlookalike 4 Falsefront 7 Messyperson 11 Open-wide word 12 Cad'srebuke 14 Turnwhite 15 Ghosts 17 Elevatorguy 18 Outbackmaker 19 "Anyone home?"(hyph.) 21 Oceanfish 22 Noncom 23 Bombaynannies 26 Ranafter 29 Printederror 30 Icyprecip 31 Above,toa bard 33 Diligentinsect 34 Cleopatra's wooer 35 Smallfly 36 Moveupward 38 Usher'sbeat 39 Doublecurve 40 "Wheel"buy(2 wds.) 41 Hogandweller 44 Candy 48 Geishas' sashes 49 PracticeZen 51 Yokel 52 Astonish

WASHINGTON (AP) -- The Supreme Court on Monday promised an extraordinarily thorough springtime review of President Barack Obama's historic health care overhaul -- more than five

Business Highlights Supreme Court: Pre-Election Health Care Showdown

LEGAL NOTICES

(First Published in The Ponca City News November 15, 2011 - 2tw) ADVERTISEMENT FOR BIDS BIDS: P-W048302-JAB 3:00 P.M. (CST) December 6, 2011 The Board of Regents for the Oklahoma Agricultural and Mechanical Colleges, hereinafter, called the Owner, will receive bids on: providing all labor, materials, equipment and services for first floor renovations of the University Multispectral Laboratories, Ponca City, Oklahoma at the office of the Director of Purchasing, 1224 N Boomer Road, Oklahoma State University, Stillwater, Oklahoma, 74078, until 3:00 P.M. (CST) December 6, 2011 and then publicly opened and read aloud. Bids received after this time or more than ninety-six (96) hours excluding Saturday, Sunday and holidays before the time set for the opening of bids will not be accepted. Bids must be turned in at the above office during the time period set forth. All interested parties are invited to attend. The contract documents are on file at the above named office and are open for public inspection. Copies may be obtained there upon application. The Owner reserves the right to reject any and all bids or to waive any minor informalities or irregularities in the bidding. Each bidder must deposit, with his bid, security in the amount and form set out in the contract documents. Security shall be subject to the conditions provided in the Instructions to Bidders. Attention of bidders is particularly directed to the statutory requirements and affidavit concerning nonsegregated facilities and nondiscriminatory employment practices, wage and hour compliance, non-collusion and business relationship provisions. No bidder may withdraw his bid within sixty (60) days after the date of opening thereof. THE BOARD OF REGENTS FOR THE OKLAHOMA AGRICULTURAL AND MECHANICAL COLLEGES By: Jay Helm, Chair

© 2005 by NEA, Inc.

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