2008 01 16_auto_show_jump
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K DETROIT FREE PRESS | WWW.FREEP.COM WEDNESDAY, JAN. 16, 2008 5E AIM Investments A: ChartA p 15.71 -.30 +2.9 Const p 26.95 -.90 +1.4 AllianceBern A: IntlValA p 20.88 -.64 +.3 Amer Beacon Plan: LgCpPln 21.12 -.52 -3.0 Amer Century Inv: EqInc N 7.46 -.13 -2.5 GrowthI N 24.76 -.60 +8.5 Ultra N 23.37 -.63 +11.0 American Funds A: AmcpA p 18.93 -.42 -1.0 AMutlA p 26.87 -.55 -2.3 BalA p 18.73 -.24 +2.9 BondA p 13.17 +.02 +4.5 CapWA p 20.19 +.03 +12.1 CapIBA p 60.68 -1.10 +8.1 CapWGA p 42.74 -1.14 +12.9 EupacA p 48.38 -1.49 +13.4 FdInvA p 40.24 -1.01 +7.8 GwthA p 32.29 -.75 +4.4 HI TrA p 11.63 -.02 -.7 IncoA p 18.69 -.31 +.3 ICAA p 31.45 -.63 +.7 NEcoA p 25.39 -.66 +2.4 N PerA p 32.56 -.80 +11.2 NwWrldA 57.17 -1.54 +29.2 SmCpA p 37.90 -.96 +8.2 TxExA p 12.44 +.03 +3.7 WshA p 32.01 -.74 -1.1 American Funds B: BalB t 18.67 -.24 +2.1 CapIBB t 60.68 -1.10 +7.2 CpWGrB t 42.51 -1.14 +12.0 GrwthB t 31.20 -.72 +3.6 IncoB t 18.58 -.31 -.4 ICAB t 31.30 -.63 -.1 Artisan Funds: Intl 27.82 -.94 +13.0 MidCap 28.12 -.90 +8.5 Baron Funds: Asset 58.33 -1.32 -1.8 Growth 46.83 -1.01 -3.3 Bernstein Fds: IntDur 13.35 +.03 +6.9 DivMu 14.28 +.03 +5.8 TxMgdIntl 23.26 -.77 +1.1 IntlPort 23.22 -.76 +2.7 BlackRock A: GlAlA r 19.69 -.24 +16.8 BlackRock B&C: GlAlC t 18.52 -.23 +16.0 BlackRock Instl: GlbAlloc r 19.76 -.24 +17.2 Brandywine Fds: Brndywn N 32.69 -.96 +6.9 CGM Funds: Focus N 50.26 -2.46 +70.9 Calamos Funds: GrwthA p 53.30 -1.90 +9.1 Calvert Group: Inco p 16.63 +.02 +5.5 Columbia Class A: Acorn t 26.30 -.65 -3.5 21CntryA t 14.93 -.42 +5.3 Columbia Class Z: Acorn Z 26.98 -.66 -3.2 AcornIntZ 40.11 -1.35 +9.3 DWS Scudder Cl A: DrHiRA 44.37 -1.19 -4.9 Davis Funds A: NYVen A 37.27 -1.07 -2.5 Davis Funds C & Y: NYVenY 37.69 -1.08 -2.2 NYVen C 35.95 -1.03 -3.2 Dimensional Fds: EmMktV 43.10 -1.29 +43.3 IntSmVa N 18.04 -.58 -5.3 USLgVa N 21.58 -.55 -10.3 US Micro N 12.25 -.22 -14.2 US SmVa 21.63 -.42 -19.9 IntlSmCo N 17.31 -.56 -2.9 IntVa N 22.81 -.72 +2.7 Dodge&Cox: Balanced 78.19 -1.20 -2.3 Income 12.62 +.04 +5.6 IntlStk 43.40 -1.13 +5.6 Stock 130.78 -3.15 -6.0 Dreyfus: Aprec 42.36 -1.03 +1.2 Eaton Vance Cl A: LgCpVal 21.29 -.57 +3.7 NatlMun 11.28 +.01 -1.0 Evergreen A: AstAll p 14.63 -.19 +5.2 Evergreen C: AstAllC t 14.20 -.18 +4.5 Excelsior Funds: ValRestr 52.27 -1.57 +1.5 Fairholme 30.03 -.67 +7.1 Federated Instl: KaufmnK 5.85 -.15 +12.0 Fidelity Advisor A: DivIntlA r 20.37 -.64 +2.9 Fidelity Advisor I: DivIntl N 20.71 -.65 +3.2 Fidelity Freedom: FF2010 N 14.38 -.19 +3.8 FF2015 N 12.03 -.18 +3.4 FF2020 N 15.10 -.28 +3.0 FF2025 N 12.54 -.25 +2.6 FF2030 N 15.58 -.36 +2.2 FF2040 N 9.14 -.22 +1.8 Fidelity Invest: AMgr50 N 15.00 -.21 +2.3 Balanc N 18.70 -.39 +3.5 BlueChGr N 41.28 -1.09 +2.1 Canada N 57.57 -1.57 +27.4 CapAp N 25.12 -.60 -2.4 CapDevO N 11.77 -.37 +6.1 CpInc r N 8.44 -.04 +.8 Contra N 68.25 -1.89 +10.1 DisEq N 27.64 -.74 +2.9 DivIntl N 37.19 -1.18 +8.8 DivGth N 27.90 -.64 -5.1 EmrMk N 32.23 -1.01 +43.0 Eq Inc N 51.23 -1.48 -6.1 EQII N 21.29 -.58 -3.1 Europe 39.42 -1.14 +9.3 Export N 23.65 -.77 +3.8 Fidel N 37.76 -1.07 +9.1 GovtInc 10.53 +.03 +10.0 GroCo N 78.19 -2.22 +9.9 GroInc N 25.43 -.76 -6.4 HighInc r N 8.47 -.01 +.6 Indepn N 26.03 -1.06 +21.3 IntBd N 10.27 +.02 +5.4 IntlDisc N 40.10 -1.14 +11.7 InvGB N 7.28 +.02 +4.2 LatAm N 58.39 -2.41 +37.5 LevCoStk N 29.57 -.92 +7.6 LowP r N 38.18 -.97 -4.3 Magelln N 86.90 -2.68 +8.8 MidCap N 26.60 -.85 -3.4 MuniInc N 12.77 +.03 +5.0 OTC N 47.47 -1.55 +10.0 100Index 10.01 -.25 NS Ovrsea N 44.56 -1.63 +13.6 Puritn N 18.24 -.32 +1.6 RealE N 23.34 -.74 -31.0 STBF N 8.65 +2.4 SmllCpS r N 15.97 -.35 -2.4 SEAsia N 36.32 -1.61 +46.5 StratInc N 10.51 +.01 +6.2 StrReRt r 10.04 -.05 +5.2 TotalBd N 10.45 +.03 +5.6 USBI N 11.03 +.03 +7.0 Value N 68.20 -1.94 -8.3 Fidelity Spartan: EqIdxInv N 48.85 -1.24 -1.7 500InxInv r N 95.36-2.43 -1.7 IntlInxInv N 44.43 -1.36 +4.3 TotMktInv N 38.27 -.95 -2.3 Fidelity Spart Adv: EqIdxAd N 48.85 -1.24 -1.7 500Ad r N 95.36 -2.43 -1.7 First Eagle: GlblA 43.29 -.66 +5.9 OverseasA 22.42 -.38 +5.4 Frank/Temp Frnk A: FedTFA p 12.07 +.02 +4.3 FoundAl p 12.92 -.23 -1.7 HYTFA p 10.61 +.02 +1.4 IncomA p 2.53 -.02 +3.7 SMCpGrA 31.97 -.93 -1.3 USGovA p 6.56 +.01 +7.7 Frank/Tmp Frnk Adv: IncmeAd 2.51 -.03 +3.4 Frank/Temp Frnk C: FoundAl p 12.71 -.24 -2.4 IncomC t 2.54 -.03 +2.7 Frank/Temp Mtl A&B: DiscA 30.49 -.67 +4.5 SharesA 23.68 -.47 -3.8 Frank/Temp Temp A: DvMktA p 28.79 -.66 +25.0 ForgnA p 11.84 -.24 +11.3 GlBd A p 11.72 +15.2 GrwthA p 22.83 -.53 -3.8 WorldA p 17.92 -.34 +2.5 Frank/Temp Tmp Adv: GrthAv 22.85 -.54 -3.6 GE Elfun S&S: S&S PM 42.47 -1.01 +1.7 GMO Trust III: For 17.08 -.52 +3.8 GMO Trust IV: Foreign 17.08 -.52 +3.8 IntlIntrVl 31.15 -.92 +5.9 GMO Trust VI: EmgMkts r 20.76 -.73 +32.5 IntlCorEq 38.06 -1.19 +5.5 USQltyEq 21.72 -.33 +1.7 Gateway Funds: Gateway 27.59 -.48 +3.5 Goldman Sachs A: MdCVA p 32.92 -.82 -4.9 Harbor Funds: CapApInst 34.86 -1.02 +1.8 Intl r 66.54 -2.64 +14.2 Hartford Fds A: CpAppA p 37.73 -1.25 +8.6 Hartford Fds C: CapApC t 33.87 -1.12 +7.8 Hartford HLS IA : CapApp 49.02 -1.53 +9.2 Div&Gr 21.43 -.52 +3.9 Advisers 20.17 -.33 +1.6 Stock 44.13 -1.14 -2.1 Ivy Funds: GlNatRsA p 36.96 -1.50 +40.9 JPMorgan Sel Cls: IntrdAmer N 25.54 -.68 -4.3 Janus : Contrarian 18.78 -.43 +13.5 Fund 30.21 -.76 +6.2 GrInc 33.44 -.96 -.9 MdCpVal 21.22 -.40 +.4 Orion 11.81 -.35 +17.3 Ovrseas r 51.07 -1.17 +22.0 Research 28.62 -.88 +11.9 Twenty 70.42 -2.44 +27.5 WrldW r 49.93 -1.39 -2.3 JennisonDryden A: UtilityA 13.61 -.29 +17.7 John Hancock A: ClassicVl p 20.32 -.45 -19.8 John Hancock Cl 1: LSBalanc 14.15 NA LSGrwth 14.52 NA Julius Baer Funds: IntlEqI r 42.59 -1.08 +12.7 IntlEqA 41.59 -1.06 +12.5 IntEqII I r 16.39 -.45 +11.6 Keeley Funds: SmCpValA p 24.55 -.78 -2.2 Lazard Instl: EmgMktI 22.98 -.51 +31.3 Legg Mason: Fd OpporTr t 15.35 -.37 -12.2 ValTr p 56.33 -1.91 -16.1 Legg Mason Instl: ValTrInst 63.93 -2.17 -15.2 Legg Mason Ptrs A: AgGrA p 111.27 -2.89 -6.4 Longleaf Partners: Partners 30.06 -1.02 -12.1 Intl 18.22 -.58 +4.9 Loomis Sayles: LSBondI 14.55 +.02 +8.4 StrInc C 15.01 +.01 +6.1 LSBondR 14.51 +.03 +8.1 StrIncA 14.95 +.01 +7.0 Lord Abbett A: AffilA p 13.24 -.33 -1.6 BdDebA p 7.75 -.02 +3.2 MidCpA p 17.18 -.41 -7.9 MFS Funds A: MIGA 14.36 -.34 +2.0 TotRA 14.78 -.20 +1.3 ValueA 25.15 -.59 +1.4 Marsico Funds: Focus p 18.54 -.55 +1.3 MorganStanley Inst: IntlEqI N 18.08 -.48 +4.7 Mutual Series: BeacnZ 14.88 -.26 -3.6 DiscZ 30.83 -.68 +4.8 QualfdZ 20.87 -.33 +3.4 SharesZ 23.86 -.48 -3.5 Neuberger&Berm Inv: GenesInst 44.73 -.82 +15.8 Neuberger&Berm Tr: Genesis 46.73 -.86 +15.5 Oakmark Funds I: EqtyInc r N 26.34 -.29 +9.3 Intl I r N 19.45 -.44 -7.2 Oakmark r N 37.41 -.87 -12.0 Select r N 23.41 -.60 -22.4 Oppenheimer A: CapApA p 47.51 -1.47 +2.4 DvMktA p 46.39 -1.50 +31.0 GlobA p 67.27 -1.81 -2.2 IntBdA p 6.55 +19.2 MnStFdA 34.18 -.92 -4.0 StrInA p 4.44 +11.0 Oppenheimer Roch: RcNtMuA 11.06 +.04 -9.0 PIMCO Admin PIMS: TotRtAd 10.94 +11.7 PIMCO Instl PIMS: AllAsset 12.78 -.05 +10.5 ComodRR 17.19 -.16 +37.7 HiYld 9.49 -.01 +3.3 LowDu 10.23 +9.5 RealRtnI 11.28 +.04 +16.1 TotRt 10.94 +12.0 PIMCO Funds A: TotRtA 10.94 +11.5 PIMCO Funds D: TRtn p 10.94 +11.6 Pioneer Funds A: PionFdA p 43.35 -.99 -2.7 Price Funds: BlChip N 37.35 -1.05 +2.3 CapApp N 19.24 -.27 +.3 EmMktS N 41.58 -.97 +41.4 EqInc N 26.56 -.66 -2.8 EqIndex N 37.04 -.95 -1.9 Growth N 31.34 -.87 +.5 HiYield N 6.62 -.01 +1.1 IntlStk N 15.65 -.58 +6.7 MidCap N 52.99 -1.22 +5.6 MCapVal N 21.16 -.43 -6.1 N Asia N 20.96 -.55 +64.1 New Era N 57.48 -2.08 +38.3 N Horiz N 28.10 -.66 -3.3 N Inc N 9.17 +.03 +8.3 R2010 N 15.63 -.24 +2.2 R2020 N 16.87 -.34 +.6 R2030 N 17.95 -.42 -.4 SmCpStk N 27.70 -.58 -11.3 SmCapVal N 33.15 -.61 -8.0 SpecIn N 12.20 -.02 +6.5 Value N 24.39 -.57 -6.0 Putnam Funds A: GrInA p 14.69 -.35 -12.8 IntlEq p 25.95 -.79 +2.4 VoyA p 17.66 -.45 -6.6 RiverSource A: DEI 11.78 -.30 +2.8 LgCpEq p 5.00 -.13 -4.7 Royce Funds: TotRetI r 11.88 -.26 -6.7 Russell Funds S: DivEq 45.57 -1.23 +1.5 IntlSec 67.37 -2.13 +6.4 MStratBd 10.52 +.02 +7.5 QuantEqS 36.06 -.92 -5.1 SEI Portfolios: CoreFxA N 10.33 +.02 +5.6 Schwab Funds: S&P Sel 21.38 -.54 -1.6 YldPlsSl 9.04 -.03 -1.4 Selected Funds: AmShD 44.47 -1.29 -2.5 AmShS p 44.45 -1.29 -2.8 Templeton Instit: ForEqS 27.21 -.66 +13.4 Third Avenue Fds: Value 56.90 -1.37 -2.1 Thornburg Fds: IntValA p 31.10 -.73 +21.2 IntValue I 31.75 -.74 +21.6 Tweedy Browne: GlobVal 27.75 -.71 -1.6 VALIC : StkIdx 33.89 -.87 -2.0 Van Kamp Funds A: CmstA p 16.69 -.40 -7.4 EqIncA p 8.66 -.12 +.7 GrInA p 20.49 -.48 -1.5 Vanguard Admiral: CpOpAdl N 78.37 -2.08 +.6 Energy N 146.35 -5.47 +37.1 500Adml N 127.19 -3.25 -1.7 GNMA Ad N 10.50 +.01 +8.6 HlthCr N 59.44 -.88 +4.2 HiYldCp N 5.82 +.8 IntGrAdm N 73.35 -2.72 +8.0 ITAdml N 13.47 +.03 +5.5 LtdTrAd N 10.89 +.01 +5.6 MuHYAdm N 10.74 +.03 +3.7 PrmCap r N 71.33 -1.62 +4.9 STIGrAd N 10.75 +.01 +7.1 TtlBAdml N 10.30 +.03 +8.7 TStkAdm N 33.09 -.83 -2.3 WellslAdm N 52.57 -.27 +5.5 WelltnAdm N 55.24 -.78 +6.4 Windsor N 50.44 -1.03 -9.2 WdsrIIAd N 52.59 -1.31 -2.9 Vanguard Fds: AssetA N 28.26 -.71 -.5 CapOpp N 33.92 -.90 +.5 Energy N 77.93 -2.91 +37.0 Explr N 64.80 -1.53 -6.4 GNMA N 10.50 +.01 +8.5 GlobEq N 22.06 -.68 +3.8 GroInc N 30.22 -.83 -4.2 HYCorp N 5.82 +.7 HlthCre N 140.83 -2.10 +4.1 InflaPro N 12.76 +.06 +15.2 IntlGr N 23.05 -.86 +7.8 IntlVal N 39.56 -1.25 +6.6 LifeCon N 16.74 -.19 +4.0 LifeGro N 23.73 -.55 +1.0 LifeMod N 20.40 -.35 +2.7 LTIGrade N 9.18 +.08 +5.8 Morg N 18.10 -.54 +1.4 MuInt N 13.47 +.03 +5.4 PrecMtls r N 33.78 -.75 +42.0 Prmcp r N 68.73 -1.56 +4.8 SelValu r N 17.85 -.39 -7.7 STAR N 20.19 -.31 +2.6 STIGrade N 10.75 +.01 +7.0 StratEq N 18.65 -.45 -12.3 TgtRe2025 N 13.08 -.26 +1.9 TgtRe2015 N 12.60 -.20 +3.2 TgtRe2035 N 13.81 -.33 +.7 USGro N 18.52 -.52 -.5 Wellsly N 21.70 -.11 +5.4 Welltn N 31.98 -.45 +6.3 Wndsr N 14.95 -.30 -9.3 WndsII N 29.62 -.74 -3.0 Vanguard Idx Fds: 500 N 127.19 -3.25 -1.7 EMkt N 31.58 -1.15 +35.7 Europe N 37.26 -1.27 +6.3 Extend N 36.49 -.84 -6.3 Growth N 30.92 -.80 +2.0 MidCap N 18.92 -.53 -4.6 Pacific N 12.01 -.37 -.9 REIT r N 18.49 -.49 -26.4 SmCap N 29.63 -.66 -9.0 TotBnd N 10.30 +.03 +8.6 TotlIntl N 18.73 -.63 +9.1 TotStk N 33.09 -.82 -2.4 Value N 24.60 -.61 -4.8 Vanguard Instl Fds: DvMktInst N 12.63 -.42 +4.1 EuroInst N 37.30 -1.27 +6.4 InstIdx N 126.24 -3.23 -1.7 InsPl N 126.25 -3.22 -1.6 TotlBdIdx N 51.91 +.15 +8.8 InsTStPlus N 29.85 -.74 -2.2 MidCpIst N 18.97 -.53 -4.5 TBIst N 10.30 +.03 +8.8 TSInst N 33.10 -.82 -2.3 Vanguard Signal: 500Sgl N 105.07 -2.68 -1.7 TotBdSgl N 10.30 +.03 +8.7 TotStkSgl N 31.94 -.80 -2.3 Waddell & Reed Adv: CoreInvA 5.90 -.15 +6.0 Western Asset: CorePlus 10.33 +.02 +4.4 Core 11.09 +.03 +3.7 William Blair N: IntlGthN 26.60 -.98 +8.5 q q NYSE -267.17 CLOSE ...9172.17 HIGH.....9439.33 LOW......9169.68 CLOSE ...2417.59 HIGH.....2455.29 LOW......2412.47 Australia . . . . . . . .1.1264 . . . . . 1.1117 Brazil . . . . . . . . . .1.7555 . . . . . 1.7353 Britain . . . . . . . . . ..5091 . . . . . . .5111 Canada . . . . . . . . .1.0165 . . . . . 1.0183 China . . . . . . . . . . .7.2448 . . . . . 7.2537 Euro . . . . . . . . . . . ..6742 . . . . . . .6722 Hong Kong . . . . . .7.7973 . . . . . 7.8032 India . . . . . . . . . . .39.256 . . . . . 39.156 Israel . . . . . . . . . .3.7020 . . . . . 3.7102 Japan . . . . . . . . . .107.07 . . . . . 108.28 Mexico . . . . . . . .10.9324 . . . . 10.9005 N. Zealand . . . . . .1.2793 . . . . . 1.2662 Russia . . . . . . . . .24.3214 . . . . 24.2901 Saudi Arab . . . . . .3.7499 . . . . . 3.7499 Singapore . . . . . . .1.4292 . . . . . 1.4294 So. Africa . . . . . . .6.8299 . . . . . 6.7385 So. Korea . . . . . . .936.33 . . . . . 937.21 Switzerlnd . . . . . .1.0913 . . . . . 1.0927 Taiwan . . . . . . . . . .32.16 . . . . . . 32.38 Thailand . . . . . . . . .29.82 . . . . . . 29.62 Citigrp 190,998 26.94 -2.12 EMC Cp 61,640 16.68 -.12 GenElec 53,395 34.53 -.93 SchergPl 46,898 23.78 -1.74 JPMorgCh 44,912 39.17 -2.19 FordM 42,519 5.97 -.21 BkofAm 42,424 37.88 -1.34 CntwdFn 40,337 5.81 -.28 MOST ACTIVE Vol (000s) Last Chg. OcwenFn 6.09 +2.11 +53.0 RexStrs 17.65 +1.61 +10.0 Kellwood 18.12 +1.61 +9.8 RubyTues 6.28 +.54 +9.4 Cambrex s 9.60 +.78 +8.8 NwstAir n 17.38 +1.37 +8.6 CtlAir B 25.27 +1.92 +8.2 PortglTel 14.61 +1.02 +7.5 MoneyGrm 6.15 -6.02 -49.5 NewOriEd 63.23 -17.68 -21.9 FairIsaac 22.91 -5.43 -19.2 ChrisBnk 8.54 -1.68 -16.4 Yingli n 28.66 -5.57 -16.3 Suntech 59.44 -10.78 -15.4 LDK Sol n 36.59 -6.34 -14.8 Plantron 20.28 -3.41 -14.4 VOLUME Advanced 810 2,147 Declined 2,361 1,032 Unchanged 97 85 Total issues 3,268 3,264 New Highs 21 57 New Lows 312 132 Advanced 333,823,971 Declined 4,069,299,319 Unchanged 16,476,186 Total issues 4,419,599,476 VOLUME CNinsure n 10.28 -2.60 -20.2 AscntSl wtB 9.05 -2.25 -19.9 LOUD 5.56 -1.34 -19.4 CalmsAst 22.45 -4.39 -16.4 Hibbett 13.38 -2.58 -16.2 EnerNOC n 33.88 -6.42 -15.9 TownSports 8.31 -1.51 -15.4 MetaFinl 33.90 -5.98 -15.0 SupTech 6.69 +1.78 +36.3 Manatron 11.62 +2.82 +32.0 Lfecore 16.76 +3.92 +30.5 Somaxon 5.32 +1.09 +25.8 EvansBc 17.79 +3.62 +25.5 MatriaH 29.34 +4.87 +19.9 Vignette 14.55 +2.17 +17.5 FstFrnkln 10.00 +1.48 +17.4 PwShs QQQ 209,690 46.55 -1.32 Intel 95,008 22.69 -.39 Apple Inc 81,723 169.04 -9.74 Microsoft 59,461 34.00 -.39 Cisco 49,790 25.85 -.44 ApldMatl 37,680 16.95 +.11 Oracle 36,669 21.31 -.75 ETrade 34,426 2.92 -.32 Advanced 251,858,757 Declined 2,060,195,468 Unchanged 41,528,231 Total issues 2,353,582,456 Advanced 729 1,804 Declined 2,281 1,225 Unchanged 115 106 Total issues 3,125 3,135 New Highs 13 25 New Lows 392 204 MOST ACTIVE Vol (000s) Last Chg. GAINERS Last Chg. %Chg. LOSERS Last Chg. %Chg. LOSERS Last Chg. %Chg. GAINERS Last Chg. %Chg. MARKET DIARY Yest. Prev. MARKET DIARY Yest. Prev. US 100 6703.09 -171.57 Energy 14435.97 -547.14 Healthcare 7283.02 -110.79 S&P 100 647.35 -16.13 S&P 500 1380.95 -35.30 MidCap 400 785.34 -19.06 SmallCap 361.35 -7.30 S&P and NYSE AVERAGES Last Chg. Germany (Dax) 7566.38 -165.64 London (FST 100) 6025.60 -190.10 Hong Kong (HSeng) 25837.78 -630.35 Mexico (Bolsa) 27961.85 -645.60 Tokyo (Nikkei) 13972.63 -138.16 Canada (TSE300) 13316.78 -381.50 FOREIGN AVERAGES Close Chg. INTEREST RATES Last Gold 901.00 -.60 Silver 1620 5 -12 0 Copper 322.00 -9.70 Ligh Sweet Crude 91 90 -2 30 Corn 509 -3 Lumber 197 1 -7 4 NASDAQ Commodity Price Change Commodity Price Change Commodity Price Change Today Prev. Day U.S. dollar in foreign currency Dow Jones Industrials Index of 30 individual stocks: 14,000 12,000 12,500 13,000 13,500 November December January HOLIDAY HOLIDAY HOLIDAY 24 31 7 14 19 26 3 10 17 High Low Close Commodities Prime rate 7.25 6-month T-bill 2.97 Fixed-rate 30-yr mortgage 5.50 Dollar Indexes -60.71 AT&T Inc 37.63 -.88 +15.10 Aastrom .63 +.10 -61.30 AgreeRlt 28.35 +.22 -11.20 Altria s 78.46 -.23 +23.30 AmIntGp lf 57.86 -1.46 -15.50 AmPhysC 39.89 -.12 +3.20 Amgen 47.38 -.55 -34.60 Apple Inc 169.04 -9.74 +88.90 BP PLC 67.36 -2.87 +12.60 BkofAm 37.88 -1.34 -22.00 BerkHa A 129100.00 -1310.10 +18.60 Borders 9.40 -.08 -53.90 CIT Gp 21.43 -2.17 -56.00 CMS Eng 16.82 -.18 +7.50 CapitolBcp 17.34 -.30 -57.70 CaracoP 16.92 -.09 +31.10 ChmpE 7.73 -.43 -2.40 ChemFinl 21.48 -.32 -25.10 Chevron 88.27 -2.64 +32.40 ChevyC pfC 25.00 ... ... Cisco 25.85 -.44 -9.10 CitizRep 12.26 -.24 -47.60 CocaCl 63.61 -.69 +35.20 Comerica 39.99 -1.64 -23.90 ComCntrl 5.66 -.53 -41.30 Compuwre 7.00 -.12 -18.30 ConocPhil 80.61 -2.78 +33.20 DTE 44.26 -.97 +3.00 DearbrnBc 5.45 -.03 -70.30 Dell Inc 20.90 -.55 -19.40 Dominos s 11.87 -.20 -11.50 DowChm 36.02 -1.07 -3.30 EDS 17.86 -.54 -30.70 EngyConv 26.49 -1.78 -16.70 ExxonMbl 89.02 -1.81 +26.90 FstMercFn 21.00 +.03 -5.50 FstbkMI 13.66 -.31 -31.90 FlagstarB 5.76 -.17 -57.50 Gannett 33.57 -.35 -39.50 GenDynam 85.32 -1.08 +9.30 GenElec 34.53 -.93 -3.40 Google 637.65 -16.17 +29.50 Handlm 1.68 -.08 -74.00 HewlettP 45.05 -1.08 +6.70 Intel 22.69 -.39 +6.30 IBM 101.83 -1.10 +5.10 IntlSpdw 39.96 -1.04 -22.20 JPMorgCh 39.17 -2.19 -10.70 JohnJn 67.76 -.19 +4.40 Kaydon 43.34 -1.62 +11.60 Kellogg 49.63 -.57 +2.30 KellySA 16.79 -.20 -40.70 Kraft 31.06 -.74 -8.30 LaZBoy 6.22 -.74 -41.50 LillyEli 56.59 -.59 +11.90 Marathon s 52.17 -2.71 +28.60 Masco 19.05 -.75 -31.60 McDnlds 53.76 -1.20 +27.70 MercBank 11.93 -.06 -61.80 Microsoft 34.00 -.39 +11.50 MillerHer 28.84 -.78 -21.40 NatlCity 14.58 -.47 -53.80 Neogen s 25.98 -.14 +81.10 NwstAir n 17.38 +1.37 ... Perrigo 33.37 -.32 +102.80 Pfizer 23.59 -.38 -5.70 PortGE 25.60 -.50 +.90 ProctGam 69.70 -.59 +10.20 PulteH 8.80 -.64 -70.10 RofinSin s 37.38 -1.47 +25.90 SagaCom 6.05 +.09 -40.00 SearsHldgs 86.02 -5.36 -48.60 Somantc 21.79 +.59 -5.00 SpartMot s 7.25 -.10 -27.00 SprtnStr 17.86 +.16 -21.50 Sparton 5.19 -.02 -36.80 Steelcse 14.55 -.39 -8.20 Stryker 71.11 -1.35 +23.90 Syntel 27.29 -.70 -10.90 Target 49.87 -.62 -15.40 Taubmn 45.93 -.31 -11.80 TechTeam 8.91 -.47 -14.40 TecumsehA 21.80 +.07 +22.80 3M Co 77.18 -1.32 +1.30 TimeWarn 15.73 -.49 -27.60 UAL 34.57 +1.64 -30.10 UtdAHlth 2.30 -.19 -68.30 UnivFor 26.75 -.77 -39.40 Valassis 9.21 -.25 -31.30 WalMart 46.99 -.68 +1.20 WellsFargo 26.49 -1.72 -17.20 Whrlpl 70.87 -1.88 -13.20 WolvWW 20.47 -.47 -23.90 X-Rite 10.83 -.27 -3.60 12-Mo. Stock Last Chg. % Ret. 12-Mo. Stock Last Chg. % Ret. 12-Mo. Stock Last Chg. % Ret. Select stocks AmAxle 17.22 -.58 -3.10 ArvMerit 10.62 -.45 -40.50 AutoNatn 12.30 -.72 -39.60 Autoliv 46.80 -1.34 -18.90 BorgWarn s 42.20 -.73 +34.80 CarMax s 17.28 -.51 -37.50 Caterpillar 65.40 -1.87 +14.80 CooperTire 15.17 -.32 +5.80 Daimler 83.36 -3.81 +46.60 FordM 5.97 -.21 -21.70 GnMotr 22.28 -1.41 -19.70 Gentex 15.71 -.59 +9.50 Goodyear 24.36 -1.11 +3.90 Group1 20.53 -.17 -61.00 HayesLm 3.86 -.07 -20.40 Honda 29.62 -1.94 -17.20 JohnsnCtl s 32.90 -1.22 +20.20 LearCorp 24.93 -.09 -20.60 MagnaI g 71.49 -.68 -7.80 Nissan 19.44 -.84 -13.40 NobleInt 13.01 -.46 -28.90 Penske 14.25 -.74 -34.50 SonicAut 16.72 -.31 -42.80 TRWAuto 20.16 -.83 -21.50 Tenneco 23.74 -.70 -9.40 Toyota 100.45 -3.66 -18.80 Visteon 3.47 -.02 -53.80 12-Mo. Stock Last Chg. % Ret. 12-Mo. Stock Last Chg. % Ret. 12-Mo. Stock Last Chg. % Ret. Auto stocks 12,501.11 -277.04 12-Mo NAV Chg. % Ret. Select mutual funds 12-Mo NAV Chg. % Ret. 12-Mo NAV Chg. % Ret. 12-Mo NAV Chg. % Ret. 0115 Bond Buyer municipal index 4.73 3-month T-bill 3.09 30-year T-bond 4.29 ❚ UPDATED ALL DAY, EVERY DAY: Get your latest stock and mutual fund prices at www.freep.com. Go to “Stock Watch,” put the ticker symbol in the box and click on “go.” For free, updated stock quotes call 800-555-8355. ❚ SATURDAYS: See your two-page market report. Funds’ % return field rotates each day. Tues.: 13-Wk.; Wed.: 12-Mo.; Thurs.: 3-Yr.; Fri.: 5-Yr.; Sat.: YTD. Mutual Fund Footnotes: x = Ex cash dividend. NL = No up-front sales charge. p = fund assets used to pay distribution costs. r = Redemption fee or contingent deferred sales load may apply. t = Both p and r. A growing conviction that the United States is headed to- ward a recession sent Wall Street plunging Tuesday, with weak retail sales figures and a disappointing quarterly report from Citigroup Inc. exacerbating investors’ pessimistic mood. The Dow Jones Industrial Average fell 277.04, or 2.17%, to 12,501.11. Broader stock indicators also lost ground. The Standard & Poor’s 500 index dropped 35.30, or 2.49%, to 1380.95, and the Nasdaq composite index lost 60.71, or 2.45%, closing at 2417.59. Meanwhile, bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.69%, close to its lowest point since March 2004 and down from 3.77% on Monday. Pessimism plagues markets get through the rest of the cur- rent downturn, which Jackson says is in its third and final year. Jackson predicted consum- ers won’t feel confident enough to start buying in earnest again until the nation’s leaders pass a serious economic stimulus package, the housing market begins to correct itself and a new U.S. president has been elected. “People want certainty,” he said. “They want to know who is going to lead us through this pe- riod.” Jackson, who stopped to chat briefly with U.S. Rep. John Dingell, D-Mich., while touring the show, said the nation will know it’s on the road to recov- ery when the pickup truck mar- ket starts to grow again with- out heavy incentives. Full-size pickup trucks are considered strong indicators of economic growth, closely tied to the housing market. Jackson said Ford Motor Co. and Chrysler LLC are well suit- ed to benefit from that eventual lift, with the new Ford F-150 and Dodge Ram coming to mar- ket later this year. “Ford did a great job with the F-150. They nailed it,” he said. “It will remain the best- selling truck in America.” But Jackson said General Motors is the Detroit automak- er best prepared to benefit when the U.S. economy starts turning around. Jackson said GM’s pipeline is full of wonderful new prod- ucts, thanks to the leadership of Vice Chairman Bob Lutz. What’s more, he said, the au- tomaker’s product revival — highlighted by the Chevrolet Malibu, North American Car of the Year — is also on steady footing that will carry it into the future without the rollercoas- ter cycles of the past. “They’ve done it,” Jackson said of GM. “This is the real deal.” Contact SARAH A. WEBSTER at 313-222-5394 or [email protected]. SALES ❘ Even the best are suffering, top dealer says From Page 1E Chrysler this fall is expected to dramatically make over the interiors of the Jeep Compass and Patriot, vehicles that were launched within the past 16 months, people familiar with the plans told the Free Press. One Chrysler executive said the improvements illustrate a change in the company’s cul- ture to quickly fix something that they know needs improve- ment instead of waiting several years for a scheduled redesign. Several industry analysts who have seen inside the new Ram at the auto show are im- pressed but some think that the improvements still do not beat the Ford F-series pickup, which was also redesigned and un- veiled at the auto show Sunday. “I think it puts them on par with GM, but in my mind Ford is still the benchmark for interi- ors,” Erich Merkle, an analyst with IRN Inc., said of the Ram interior. “Ford had a phenome- nal interior … since the last re- design and the one they have out there now is even better.” Still, Merkle had praise for the Ram’s interior. “I think it’s a dramatic improvement from where it was,” he said. “The stuff they had before was so hard and plasticky. I like the fact that it is softer.” But the progress is incom- plete, said Michael Robinet, vice president for global fore- casting at CSM Worldwide. “This Ram shows that they’ve made a step forward but they still have a ways to go,” he said. Brian Moody, Edmunds.com senior road test editor, praised the interior: The gauges, for in- stance, have a more precise look and chrome accents. “The color choices also were very pleasing, textures were very nice and the things you would touch did not feel overly plasticky,” Moody said. “There is going to be plastic inside a car no matter what — that’s OK. But it didn’t feel cheap or overly plastic.” Chrysler has taken criticism over the past year for its interi- ors. Los Angeles Times critic Dan Neil, for example, ripped the new Sebring convertible, writing it had “deprived plastic interiors” and that vehicle was “cast in plastic worthy of a Chi- nese water pistol.” ConsumerReports.org had similar complaints about the Sebring Touring Sedan and other new Chryslers. “The Se- bring’s interior looks cheap and insubstantial,” the magazines said. “Almost all of the touch- able surfaces are hard. Panel fit has large, uneven gaps and un- finished edges.” Chrysler is aware of such criticisms. “Quality is always some- thing I have striven to achieve but anything I release from my design department in clay is of the highest quality … It is sculpted to the highest quality and then it is released into the rest of the system,” Creed said. “And it’s in the rest of the sys- tem … that things don’t happen exactly as we intended. What we’ve done now is take charge and realize that we all have to work together.” Designers are working with sales and marketing people to identify the so-called DNA of the interior and riding herd ov- er the projects to ensure the de- sign stays as intended, Chrys- ler executives said. “There are things that when we release them, they’ve got to stay on the vehicle until the ve- hicles come into production and not find out that somebody somewhere took something out … to save money or whatever,” Creed said. He seemed defensive follow- ing criticisms of the Sebring. “I was responsible for the interi- ors of the Sebring,” he said. “Again there are gaps on the production vehicle that were never released from the design department, where suppliers couldn’t achieve what they said they could achieve. There wasn’t enough oversight at var- ious stages in the process.” “But I still think it is a very dramatic interior and I am very proud of both the car and the in- terior.” Contact TIM HIGGINS at 313-222- 8784 or [email protected]. Chrysler/ The 2009 Dodge Ram Laramie offers a two-tone interior and a heated steering wheel, a first for Chrysler. Brian Moody of Edmunds.com praised the interior, saying the gauges, for instance, have a more precise look. INTERIOR ❘ Ram shows Chrysler’s progress From Page 1E “What we’ve done now is … realize that we all have to work together.” TREVOR CREED, senior vice president of design at Chrysler, on ensuring that the design stays as intended through the manufacturing process After a review of operations hit by a global credit crunch, Bank of America Corp. said Tuesday that it would cut 650 positions in investment bank- ing and trading units and sell off a business that processes trades for hedge funds. The Charlotte, N.C.-based bank is paring an area in which it has spent $675 million to ex- pand in recent years, but execu- tives said the company remains committed to businesses in which it leads. “It’s your prerogative to use ‘retreat’ or ‘retrench,’ ” Bank of America chief executive Ken Lewis said in a conference call with journalists Tuesday. “I see it as reacting to the realities of the marketplace as it is today.” The layoffs amount to about 12% of the jobs in the company’s global markets and global in- vestment banking businesses. Bank of America is the new owner of LaSalle Bank in Michi- gan. The layoffs are to take place over the next three to four weeks. The bank did not dis- close locations. The bank has been review- ing the strategy of its corporate and investment banking unit. The bank is expected to report disappointing results for the fi- nal quarter of 2007 next week. Bank of America to cut 650, sell off hedge unit By RICK ROTHACKER MCCLATCHY NEWSPAPERS If you invested $1,000 in automotive stocks This assessment of stocks shows which ones would be the biggest winners and losers if a person had invested $1,000. WEEKLY WINNERS PLName Ticker Last Price Value 1 Cooper Tire & Ru Ctb $15.17 $1,108.11 2 Arvinmeritor Inc Arm $10.62 $1,073.81 3 Amer Axle & Mfg Axl $17.22 $1,060.35 4 Goodyear Tire Gt $24.36 $1,031.77 5 Trw Automotive Trw $20.16 $1,021.38 MONTHLY WINNERS 1 Arvinmeritor Inc Arm $10.62 $974.31 2 Tenneco Inc Ten $23.74 $965.04 3 Cooper Tire & Ru Ctb $15.17 $945.76 4 Toyota Motor-adr Tm $100.45 $944.97 5 Hayes Lemmerz In Hayz $3.86 $941.46 YEARLY WINNERS 1 Borgwarner Inc Bwa $42.20 $1,325.35 2 Hayes Lemmerz In Hayz $3.86 $1,179.93 3 Johnson Controls Jci $32.90 $1,160.06 4 Gentex Corp Gntx $15.71 $1,052.81 5 Cooper Tire & Ru Ctb $15.17 $1,030.21 WEEKLY LOSERS PLName Ticker Last Price Value 1 Noble Intl Ltd Nobl $13.01 $924.01 2 Autonation Inc An $12.3 $933.23 3 Honda Motor-adr Hmc $29.62 $938.83 4 Visteon Corp Vc $3.47 $942.94 5 General Motors Gm $22.28 $956.22 MONTHLY LOSERS 1 Autonation Inc An $12.3 $809.21 2 Sonic Automoti-a Sah $16.72 $824.05 3 General Motors Gm $22.28 $840.12 4 Autoliv Inc Alv $46.8 $855.42 5 Noble Intl Ltd Nobl $13.01 $855.92 YEARLY LOSERS 1 Visteon Corp Vc $3.47 $459.00 2 Sonic Automoti-a Sah $16.72 $556.20 3 Arvinmeritor Inc Arm $10.62 $565.47 4 Autonation Inc An $12.3 $570.50 5 Noble Intl Ltd Nobl $13.01 $682.82 Source: Bloomberg
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DETROIT FREE PRESS | WWW.FREEP.COM WEDNESDAY, JAN. 16, 2008 5E
AIM Investments A:ChartA p 15.71 -.30 +2.9Const p 26.95 -.90 +1.4AllianceBern A:IntlValA p 20.88 -.64 +.3Amer Beacon Plan:LgCpPln 21.12 -.52 -3.0Amer Century Inv:EqInc N 7.46 -.13 -2.5GrowthI N 24.76 -.60 +8.5Ultra N 23.37 -.63 +11.0American Funds A:AmcpA p 18.93 -.42 -1.0AMutlA p 26.87 -.55 -2.3BalA p 18.73 -.24 +2.9BondA p 13.17 +.02 +4.5CapWA p 20.19 +.03 +12.1CapIBA p 60.68 -1.10 +8.1CapWGA p 42.74 -1.14 +12.9EupacA p 48.38 -1.49 +13.4FdInvA p 40.24 -1.01 +7.8GwthA p 32.29 -.75 +4.4HI TrA p 11.63 -.02 -.7IncoA p 18.69 -.31 +.3ICAA p 31.45 -.63 +.7NEcoA p 25.39 -.66 +2.4N PerA p 32.56 -.80 +11.2NwWrldA 57.17 -1.54 +29.2SmCpA p 37.90 -.96 +8.2TxExA p 12.44 +.03 +3.7WshA p 32.01 -.74 -1.1American Funds B:BalB t 18.67 -.24 +2.1CapIBB t 60.68 -1.10 +7.2CpWGrB t 42.51 -1.14 +12.0GrwthB t 31.20 -.72 +3.6IncoB t 18.58 -.31 -.4ICAB t 31.30 -.63 -.1Artisan Funds:Intl 27.82 -.94 +13.0MidCap 28.12 -.90 +8.5Baron Funds:Asset 58.33 -1.32 -1.8Growth 46.83 -1.01 -3.3Bernstein Fds:IntDur 13.35 +.03 +6.9DivMu 14.28 +.03 +5.8TxMgdIntl 23.26 -.77 +1.1IntlPort 23.22 -.76 +2.7BlackRock A:GlAlA r 19.69 -.24 +16.8BlackRock B&C:GlAlC t 18.52 -.23 +16.0BlackRock Instl:GlbAlloc r 19.76 -.24 +17.2Brandywine Fds:Brndywn N 32.69 -.96 +6.9CGM Funds:Focus N 50.26 -2.46 +70.9Calamos Funds:GrwthA p 53.30 -1.90 +9.1Calvert Group:Inco p 16.63 +.02 +5.5Columbia Class A:Acorn t 26.30 -.65 -3.521CntryA t 14.93 -.42 +5.3Columbia Class Z:Acorn Z 26.98 -.66 -3.2AcornIntZ 40.11 -1.35 +9.3DWS Scudder Cl A:DrHiRA 44.37 -1.19 -4.9Davis Funds A:NYVen A 37.27 -1.07 -2.5Davis Funds C & Y:NYVenY 37.69 -1.08 -2.2NYVen C 35.95 -1.03 -3.2Dimensional Fds:EmMktV 43.10 -1.29 +43.3IntSmVa N 18.04 -.58 -5.3USLgVa N 21.58 -.55 -10.3US Micro N 12.25 -.22 -14.2US SmVa 21.63 -.42 -19.9IntlSmCo N 17.31 -.56 -2.9IntVa N 22.81 -.72 +2.7Dodge&Cox:Balanced 78.19 -1.20 -2.3Income 12.62 +.04 +5.6IntlStk 43.40 -1.13 +5.6Stock 130.78 -3.15 -6.0Dreyfus:Aprec 42.36 -1.03 +1.2Eaton Vance Cl A:LgCpVal 21.29 -.57 +3.7NatlMun 11.28 +.01 -1.0Evergreen A:AstAll p 14.63 -.19 +5.2Evergreen C:AstAllC t 14.20 -.18 +4.5Excelsior Funds:ValRestr 52.27 -1.57 +1.5Fairholme 30.03 -.67 +7.1Federated Instl:KaufmnK 5.85 -.15 +12.0Fidelity Advisor A:DivIntlA r 20.37 -.64 +2.9Fidelity Advisor I:DivIntl N 20.71 -.65 +3.2Fidelity Freedom:FF2010 N 14.38 -.19 +3.8
FF2015 N 12.03 -.18 +3.4FF2020 N 15.10 -.28 +3.0FF2025 N 12.54 -.25 +2.6FF2030 N 15.58 -.36 +2.2FF2040 N 9.14 -.22 +1.8Fidelity Invest:AMgr50 N 15.00 -.21 +2.3Balanc N 18.70 -.39 +3.5BlueChGr N 41.28 -1.09 +2.1Canada N 57.57 -1.57 +27.4CapAp N 25.12 -.60 -2.4CapDevO N 11.77 -.37 +6.1CpInc r N 8.44 -.04 +.8Contra N 68.25 -1.89 +10.1DisEq N 27.64 -.74 +2.9DivIntl N 37.19 -1.18 +8.8DivGth N 27.90 -.64 -5.1EmrMk N 32.23 -1.01 +43.0Eq Inc N 51.23 -1.48 -6.1EQII N 21.29 -.58 -3.1Europe 39.42 -1.14 +9.3Export N 23.65 -.77 +3.8Fidel N 37.76 -1.07 +9.1GovtInc 10.53 +.03 +10.0GroCo N 78.19 -2.22 +9.9GroInc N 25.43 -.76 -6.4HighInc r N 8.47 -.01 +.6Indepn N 26.03 -1.06 +21.3IntBd N 10.27 +.02 +5.4IntlDisc N 40.10 -1.14 +11.7InvGB N 7.28 +.02 +4.2LatAm N 58.39 -2.41 +37.5LevCoStk N 29.57 -.92 +7.6LowP r N 38.18 -.97 -4.3Magelln N 86.90 -2.68 +8.8MidCap N 26.60 -.85 -3.4MuniInc N 12.77 +.03 +5.0OTC N 47.47 -1.55 +10.0100Index 10.01 -.25 NSOvrsea N 44.56 -1.63 +13.6Puritn N 18.24 -.32 +1.6RealE N 23.34 -.74 -31.0STBF N 8.65 +2.4SmllCpS r N 15.97 -.35 -2.4SEAsia N 36.32 -1.61 +46.5StratInc N 10.51 +.01 +6.2StrReRt r 10.04 -.05 +5.2TotalBd N 10.45 +.03 +5.6USBI N 11.03 +.03 +7.0Value N 68.20 -1.94 -8.3Fidelity Spartan:EqIdxInv N 48.85 -1.24 -1.7500InxInv r N 95.36-2.43 -1.7IntlInxInv N 44.43 -1.36 +4.3TotMktInv N 38.27 -.95 -2.3Fidelity Spart Adv:EqIdxAd N 48.85 -1.24 -1.7500Ad r N 95.36 -2.43 -1.7First Eagle:GlblA 43.29 -.66 +5.9OverseasA 22.42 -.38 +5.4Frank/Temp Frnk A:FedTFA p 12.07 +.02 +4.3FoundAl p 12.92 -.23 -1.7HYTFA p 10.61 +.02 +1.4IncomA p 2.53 -.02 +3.7SMCpGrA 31.97 -.93 -1.3USGovA p 6.56 +.01 +7.7Frank/Tmp Frnk Adv:IncmeAd 2.51 -.03 +3.4Frank/Temp Frnk C:FoundAl p 12.71 -.24 -2.4IncomC t 2.54 -.03 +2.7Frank/Temp Mtl A&B:DiscA 30.49 -.67 +4.5SharesA 23.68 -.47 -3.8Frank/Temp Temp A:DvMktA p 28.79 -.66 +25.0ForgnA p 11.84 -.24 +11.3GlBd A p 11.72 +15.2GrwthA p 22.83 -.53 -3.8WorldA p 17.92 -.34 +2.5Frank/Temp Tmp Adv:GrthAv 22.85 -.54 -3.6GE Elfun S&S:S&S PM 42.47 -1.01 +1.7GMO Trust III:For 17.08 -.52 +3.8GMO Trust IV:Foreign 17.08 -.52 +3.8IntlIntrVl 31.15 -.92 +5.9GMO Trust VI:EmgMkts r 20.76 -.73 +32.5IntlCorEq 38.06 -1.19 +5.5USQltyEq 21.72 -.33 +1.7Gateway Funds:Gateway 27.59 -.48 +3.5Goldman Sachs A:MdCVA p 32.92 -.82 -4.9Harbor Funds:CapApInst 34.86 -1.02 +1.8Intl r 66.54 -2.64 +14.2Hartford Fds A:CpAppA p 37.73 -1.25 +8.6Hartford Fds C:CapApC t 33.87 -1.12 +7.8Hartford HLS IA :CapApp 49.02 -1.53 +9.2Div&Gr 21.43 -.52 +3.9Advisers 20.17 -.33 +1.6Stock 44.13 -1.14 -2.1Ivy Funds:GlNatRsA p 36.96 -1.50 +40.9JPMorgan Sel Cls:IntrdAmer N 25.54 -.68 -4.3Janus :Contrarian 18.78 -.43 +13.5
Fund 30.21 -.76 +6.2GrInc 33.44 -.96 -.9MdCpVal 21.22 -.40 +.4Orion 11.81 -.35 +17.3Ovrseas r 51.07 -1.17 +22.0Research 28.62 -.88 +11.9Twenty 70.42 -2.44 +27.5WrldW r 49.93 -1.39 -2.3JennisonDryden A:UtilityA 13.61 -.29 +17.7John Hancock A:ClassicVl p 20.32 -.45 -19.8John Hancock Cl 1:LSBalanc 14.15 NALSGrwth 14.52 NAJulius Baer Funds:IntlEqI r 42.59 -1.08 +12.7IntlEqA 41.59 -1.06 +12.5IntEqII I r 16.39 -.45 +11.6Keeley Funds:SmCpValA p 24.55 -.78 -2.2Lazard Instl:EmgMktI 22.98 -.51 +31.3Legg Mason: FdOpporTr t 15.35 -.37 -12.2ValTr p 56.33 -1.91 -16.1Legg Mason Instl:ValTrInst 63.93 -2.17 -15.2Legg Mason Ptrs A:AgGrA p 111.27 -2.89 -6.4Longleaf Partners:Partners 30.06 -1.02 -12.1Intl 18.22 -.58 +4.9Loomis Sayles:LSBondI 14.55 +.02 +8.4StrInc C 15.01 +.01 +6.1LSBondR 14.51 +.03 +8.1StrIncA 14.95 +.01 +7.0Lord Abbett A:AffilA p 13.24 -.33 -1.6BdDebA p 7.75 -.02 +3.2MidCpA p 17.18 -.41 -7.9MFS Funds A:MIGA 14.36 -.34 +2.0TotRA 14.78 -.20 +1.3ValueA 25.15 -.59 +1.4Marsico Funds:Focus p 18.54 -.55 +1.3MorganStanley Inst:IntlEqI N 18.08 -.48 +4.7Mutual Series:BeacnZ 14.88 -.26 -3.6DiscZ 30.83 -.68 +4.8QualfdZ 20.87 -.33 +3.4SharesZ 23.86 -.48 -3.5Neuberger&Berm Inv:GenesInst 44.73 -.82 +15.8Neuberger&Berm Tr:Genesis 46.73 -.86 +15.5Oakmark Funds I:EqtyInc r N 26.34 -.29 +9.3Intl I r N 19.45 -.44 -7.2Oakmark r N 37.41 -.87 -12.0Select r N 23.41 -.60 -22.4Oppenheimer A:CapApA p 47.51 -1.47 +2.4DvMktA p 46.39 -1.50 +31.0GlobA p 67.27 -1.81 -2.2IntBdA p 6.55 +19.2MnStFdA 34.18 -.92 -4.0StrInA p 4.44 +11.0Oppenheimer Roch:RcNtMuA 11.06 +.04 -9.0PIMCO Admin PIMS:TotRtAd 10.94 +11.7PIMCO Instl PIMS:AllAsset 12.78 -.05 +10.5ComodRR 17.19 -.16 +37.7HiYld 9.49 -.01 +3.3LowDu 10.23 +9.5RealRtnI 11.28 +.04 +16.1TotRt 10.94 +12.0PIMCO Funds A:TotRtA 10.94 +11.5PIMCO Funds D:TRtn p 10.94 +11.6Pioneer Funds A:PionFdA p 43.35 -.99 -2.7Price Funds:BlChip N 37.35 -1.05 +2.3CapApp N 19.24 -.27 +.3EmMktS N 41.58 -.97 +41.4EqInc N 26.56 -.66 -2.8EqIndex N 37.04 -.95 -1.9Growth N 31.34 -.87 +.5HiYield N 6.62 -.01 +1.1IntlStk N 15.65 -.58 +6.7MidCap N 52.99 -1.22 +5.6MCapVal N 21.16 -.43 -6.1N Asia N 20.96 -.55 +64.1New Era N 57.48 -2.08 +38.3N Horiz N 28.10 -.66 -3.3N Inc N 9.17 +.03 +8.3R2010 N 15.63 -.24 +2.2R2020 N 16.87 -.34 +.6R2030 N 17.95 -.42 -.4SmCpStk N 27.70 -.58 -11.3SmCapVal N 33.15 -.61 -8.0SpecIn N 12.20 -.02 +6.5Value N 24.39 -.57 -6.0Putnam Funds A:GrInA p 14.69 -.35 -12.8IntlEq p 25.95 -.79 +2.4VoyA p 17.66 -.45 -6.6RiverSource A:DEI 11.78 -.30 +2.8LgCpEq p 5.00 -.13 -4.7
Royce Funds:TotRetI r 11.88 -.26 -6.7Russell Funds S:DivEq 45.57 -1.23 +1.5IntlSec 67.37 -2.13 +6.4MStratBd 10.52 +.02 +7.5QuantEqS 36.06 -.92 -5.1SEI Portfolios:CoreFxA N 10.33 +.02 +5.6Schwab Funds:S&P Sel 21.38 -.54 -1.6YldPlsSl 9.04 -.03 -1.4Selected Funds:AmShD 44.47 -1.29 -2.5AmShS p 44.45 -1.29 -2.8Templeton Instit:ForEqS 27.21 -.66 +13.4Third Avenue Fds:Value 56.90 -1.37 -2.1Thornburg Fds:IntValA p 31.10 -.73 +21.2IntValue I 31.75 -.74 +21.6Tweedy Browne:GlobVal 27.75 -.71 -1.6VALIC :StkIdx 33.89 -.87 -2.0Van Kamp Funds A:CmstA p 16.69 -.40 -7.4EqIncA p 8.66 -.12 +.7GrInA p 20.49 -.48 -1.5Vanguard Admiral:CpOpAdl N 78.37 -2.08 +.6Energy N 146.35 -5.47 +37.1500Adml N 127.19 -3.25 -1.7GNMA Ad N 10.50 +.01 +8.6HlthCr N 59.44 -.88 +4.2HiYldCp N 5.82 +.8IntGrAdm N 73.35 -2.72 +8.0ITAdml N 13.47 +.03 +5.5LtdTrAd N 10.89 +.01 +5.6MuHYAdm N 10.74 +.03 +3.7PrmCap r N 71.33 -1.62 +4.9STIGrAd N 10.75 +.01 +7.1TtlBAdml N 10.30 +.03 +8.7TStkAdm N 33.09 -.83 -2.3WellslAdm N 52.57 -.27 +5.5WelltnAdm N 55.24 -.78 +6.4Windsor N 50.44 -1.03 -9.2WdsrIIAd N 52.59 -1.31 -2.9Vanguard Fds:AssetA N 28.26 -.71 -.5CapOpp N 33.92 -.90 +.5Energy N 77.93 -2.91 +37.0Explr N 64.80 -1.53 -6.4GNMA N 10.50 +.01 +8.5GlobEq N 22.06 -.68 +3.8GroInc N 30.22 -.83 -4.2HYCorp N 5.82 +.7HlthCre N 140.83 -2.10 +4.1InflaPro N 12.76 +.06 +15.2IntlGr N 23.05 -.86 +7.8IntlVal N 39.56 -1.25 +6.6LifeCon N 16.74 -.19 +4.0LifeGro N 23.73 -.55 +1.0LifeMod N 20.40 -.35 +2.7LTIGrade N 9.18 +.08 +5.8Morg N 18.10 -.54 +1.4MuInt N 13.47 +.03 +5.4PrecMtls r N 33.78 -.75 +42.0Prmcp r N 68.73 -1.56 +4.8SelValu r N 17.85 -.39 -7.7STAR N 20.19 -.31 +2.6STIGrade N 10.75 +.01 +7.0StratEq N 18.65 -.45 -12.3TgtRe2025 N 13.08 -.26 +1.9TgtRe2015 N 12.60 -.20 +3.2TgtRe2035 N 13.81 -.33 +.7USGro N 18.52 -.52 -.5Wellsly N 21.70 -.11 +5.4Welltn N 31.98 -.45 +6.3Wndsr N 14.95 -.30 -9.3WndsII N 29.62 -.74 -3.0Vanguard Idx Fds:500 N 127.19 -3.25 -1.7EMkt N 31.58 -1.15 +35.7Europe N 37.26 -1.27 +6.3Extend N 36.49 -.84 -6.3Growth N 30.92 -.80 +2.0MidCap N 18.92 -.53 -4.6Pacific N 12.01 -.37 -.9REIT r N 18.49 -.49 -26.4SmCap N 29.63 -.66 -9.0TotBnd N 10.30 +.03 +8.6TotlIntl N 18.73 -.63 +9.1TotStk N 33.09 -.82 -2.4Value N 24.60 -.61 -4.8Vanguard Instl Fds:DvMktInst N 12.63 -.42 +4.1EuroInst N 37.30 -1.27 +6.4InstIdx N 126.24 -3.23 -1.7InsPl N 126.25 -3.22 -1.6TotlBdIdx N 51.91 +.15 +8.8InsTStPlus N 29.85 -.74 -2.2MidCpIst N 18.97 -.53 -4.5TBIst N 10.30 +.03 +8.8TSInst N 33.10 -.82 -2.3Vanguard Signal:500Sgl N 105.07 -2.68 -1.7TotBdSgl N 10.30 +.03 +8.7TotStkSgl N 31.94 -.80 -2.3Waddell & Reed Adv:CoreInvA 5.90 -.15 +6.0Western Asset:CorePlus 10.33 +.02 +4.4Core 11.09 +.03 +3.7William Blair N:IntlGthN 26.60 -.98 +8.5
qqNYSE
-267.17CLOSE ...9172.17HIGH.....9439.33LOW......9169.68
CLOSE ...2417.59HIGH.....2455.29LOW......2412.47
Australia . . . . . . . .1.1264 . . . . . 1.1117Brazil . . . . . . . . . .1.7555 . . . . . 1.7353Britain . . . . . . . . . ..5091 . . . . . . .5111Canada . . . . . . . . .1.0165 . . . . . 1.0183China . . . . . . . . . . .7.2448 . . . . . 7.2537Euro . . . . . . . . . . . ..6742 . . . . . . .6722Hong Kong . . . . . .7.7973 . . . . . 7.8032India . . . . . . . . . . .39.256 . . . . . 39.156Israel . . . . . . . . . .3.7020 . . . . . 3.7102Japan . . . . . . . . . .107.07 . . . . . 108.28Mexico . . . . . . . .10.9324 . . . . 10.9005N. Zealand . . . . . .1.2793 . . . . . 1.2662Russia . . . . . . . . .24.3214 . . . . 24.2901Saudi Arab . . . . . .3.7499 . . . . . 3.7499Singapore . . . . . . .1.4292 . . . . . 1.4294So. Africa . . . . . . .6.8299 . . . . . 6.7385So. Korea . . . . . . .936.33 . . . . . 937.21Switzerlnd . . . . . .1.0913 . . . . . 1.0927Taiwan . . . . . . . . . .32.16 . . . . . . 32.38Thailand . . . . . . . . .29.82 . . . . . . 29.62
Citigrp 190,998 26.94 -2.12EMC Cp 61,640 16.68 -.12GenElec 53,395 34.53 -.93SchergPl 46,898 23.78 -1.74JPMorgCh 44,912 39.17 -2.19FordM 42,519 5.97 -.21BkofAm 42,424 37.88 -1.34CntwdFn 40,337 5.81 -.28
MOST ACTIVEVol (000s) Last Chg.
OcwenFn 6.09 +2.11 +53.0RexStrs 17.65 +1.61 +10.0Kellwood 18.12 +1.61 +9.8RubyTues 6.28 +.54 +9.4Cambrex s 9.60 +.78 +8.8NwstAir n 17.38 +1.37 +8.6CtlAir B 25.27 +1.92 +8.2PortglTel 14.61 +1.02 +7.5
MoneyGrm 6.15 -6.02 -49.5NewOriEd 63.23 -17.68 -21.9FairIsaac 22.91 -5.43 -19.2ChrisBnk 8.54 -1.68 -16.4Yingli n 28.66 -5.57 -16.3Suntech 59.44 -10.78 -15.4LDK Sol n 36.59 -6.34 -14.8Plantron 20.28 -3.41 -14.4
VOLUME
Advanced 810 2,147Declined 2,361 1,032Unchanged 97 85Total issues 3,268 3,264New Highs 21 57New Lows 312 132
Advanced 333,823,971Declined 4,069,299,319Unchanged 16,476,186Total issues 4,419,599,476
VOLUME
CNinsure n 10.28 -2.60 -20.2AscntSl wtB 9.05 -2.25 -19.9LOUD 5.56 -1.34 -19.4CalmsAst 22.45 -4.39 -16.4Hibbett 13.38 -2.58 -16.2EnerNOC n 33.88 -6.42 -15.9TownSports 8.31 -1.51 -15.4MetaFinl 33.90 -5.98 -15.0
SupTech 6.69 +1.78 +36.3Manatron 11.62 +2.82 +32.0Lfecore 16.76 +3.92 +30.5Somaxon 5.32 +1.09 +25.8EvansBc 17.79 +3.62 +25.5MatriaH 29.34 +4.87 +19.9Vignette 14.55 +2.17 +17.5FstFrnkln 10.00 +1.48 +17.4
PwShs QQQ 209,690 46.55 -1.32Intel 95,008 22.69 -.39Apple Inc 81,723 169.04 -9.74Microsoft 59,461 34.00 -.39Cisco 49,790 25.85 -.44ApldMatl 37,680 16.95 +.11Oracle 36,669 21.31 -.75ETrade 34,426 2.92 -.32
Advanced 251,858,757Declined 2,060,195,468Unchanged 41,528,231Total issues 2,353,582,456
Advanced 729 1,804Declined 2,281 1,225Unchanged 115 106Total issues 3,125 3,135New Highs 13 25New Lows 392 204
MOST ACTIVEVol (000s) Last Chg.
GAINERSLast Chg. %Chg.
LOSERSLast Chg. %Chg.
LOSERSLast Chg. %Chg.
GAINERSLast Chg. %Chg.
MARKET DIARYYest. Prev.
MARKET DIARYYest. Prev.
US 100 6703.09 -171.57Energy 14435.97 -547.14Healthcare 7283.02 -110.79S&P 100 647.35 -16.13S&P 500 1380.95 -35.30MidCap 400 785.34 -19.06SmallCap 361.35 -7.30
S&P and NYSE AVERAGESLast Chg.
Germany (Dax) 7566.38 -165.64London (FST 100) 6025.60 -190.10Hong Kong (HSeng) 25837.78 -630.35Mexico (Bolsa) 27961.85 -645.60Tokyo (Nikkei) 13972.63 -138.16Canada (TSE300) 13316.78 -381.50
FOREIGN AVERAGESClose Chg.
INTEREST RATES Last
Gold 901.00 -.60Silver 1620 5 -12 0
Copper 322.00 -9.70Ligh Sweet Crude 91 90 -2 30
Corn 509 -3Lumber 197 1 -7 4
NASDAQ
Commodity Price Change Commodity Price Change Commodity Price Change
Today Prev. DayU.S. dollar in foreign currency
Dow Jones IndustrialsIndex of 30 individual stocks:
14,000
12,000
12,500
13,000
13,500
November December January
HOLIDAY
HOLIDAY HOLIDAY
24 31 7 1419 26 3 10 17
HighLow
Close
Commodities
Prime rate 7.256-month T-bill 2.97Fixed-rate 30-yr mortgage 5.50
Dollar
Indexes
-60.71
AT&T Inc 37.63 -.88 +15.10Aastrom .63 +.10 -61.30AgreeRlt 28.35 +.22 -11.20Altria s 78.46 -.23 +23.30AmIntGp lf 57.86 -1.46 -15.50AmPhysC 39.89 -.12 +3.20Amgen 47.38 -.55 -34.60Apple Inc 169.04 -9.74 +88.90BP PLC 67.36 -2.87 +12.60BkofAm 37.88 -1.34 -22.00BerkHa A 129100.00 -1310.10 +18.60Borders 9.40 -.08 -53.90CIT Gp 21.43 -2.17 -56.00CMS Eng 16.82 -.18 +7.50CapitolBcp 17.34 -.30 -57.70CaracoP 16.92 -.09 +31.10ChmpE 7.73 -.43 -2.40ChemFinl 21.48 -.32 -25.10Chevron 88.27 -2.64 +32.40ChevyC pfC 25.00 ... ...Cisco 25.85 -.44 -9.10CitizRep 12.26 -.24 -47.60CocaCl 63.61 -.69 +35.20Comerica 39.99 -1.64 -23.90ComCntrl 5.66 -.53 -41.30Compuwre 7.00 -.12 -18.30ConocPhil 80.61 -2.78 +33.20DTE 44.26 -.97 +3.00DearbrnBc 5.45 -.03 -70.30Dell Inc 20.90 -.55 -19.40Dominos s 11.87 -.20 -11.50DowChm 36.02 -1.07 -3.30
EDS 17.86 -.54 -30.70EngyConv 26.49 -1.78 -16.70ExxonMbl 89.02 -1.81 +26.90FstMercFn 21.00 +.03 -5.50FstbkMI 13.66 -.31 -31.90FlagstarB 5.76 -.17 -57.50Gannett 33.57 -.35 -39.50GenDynam 85.32 -1.08 +9.30GenElec 34.53 -.93 -3.40Google 637.65 -16.17 +29.50Handlm 1.68 -.08 -74.00HewlettP 45.05 -1.08 +6.70Intel 22.69 -.39 +6.30IBM 101.83 -1.10 +5.10IntlSpdw 39.96 -1.04 -22.20JPMorgCh 39.17 -2.19 -10.70JohnJn 67.76 -.19 +4.40Kaydon 43.34 -1.62 +11.60Kellogg 49.63 -.57 +2.30KellySA 16.79 -.20 -40.70Kraft 31.06 -.74 -8.30LaZBoy 6.22 -.74 -41.50LillyEli 56.59 -.59 +11.90Marathon s 52.17 -2.71 +28.60Masco 19.05 -.75 -31.60McDnlds 53.76 -1.20 +27.70MercBank 11.93 -.06 -61.80Microsoft 34.00 -.39 +11.50MillerHer 28.84 -.78 -21.40NatlCity 14.58 -.47 -53.80Neogen s 25.98 -.14 +81.10NwstAir n 17.38 +1.37 ...
Perrigo 33.37 -.32 +102.80Pfizer 23.59 -.38 -5.70PortGE 25.60 -.50 +.90ProctGam 69.70 -.59 +10.20PulteH 8.80 -.64 -70.10RofinSin s 37.38 -1.47 +25.90SagaCom 6.05 +.09 -40.00SearsHldgs 86.02 -5.36 -48.60Somantc 21.79 +.59 -5.00SpartMot s 7.25 -.10 -27.00SprtnStr 17.86 +.16 -21.50Sparton 5.19 -.02 -36.80Steelcse 14.55 -.39 -8.20Stryker 71.11 -1.35 +23.90Syntel 27.29 -.70 -10.90Target 49.87 -.62 -15.40Taubmn 45.93 -.31 -11.80TechTeam 8.91 -.47 -14.40TecumsehA 21.80 +.07 +22.803M Co 77.18 -1.32 +1.30TimeWarn 15.73 -.49 -27.60UAL 34.57 +1.64 -30.10UtdAHlth 2.30 -.19 -68.30UnivFor 26.75 -.77 -39.40Valassis 9.21 -.25 -31.30WalMart 46.99 -.68 +1.20WellsFargo 26.49 -1.72 -17.20Whrlpl 70.87 -1.88 -13.20WolvWW 20.47 -.47 -23.90X-Rite 10.83 -.27 -3.60
12-Mo. Stock Last Chg. % Ret.
12-Mo. Stock Last Chg. % Ret.
12-Mo. Stock Last Chg. % Ret.
Select stocks
AmAxle 17.22 -.58 -3.10ArvMerit 10.62 -.45 -40.50AutoNatn 12.30 -.72 -39.60Autoliv 46.80 -1.34 -18.90BorgWarn s 42.20 -.73 +34.80CarMax s 17.28 -.51 -37.50Caterpillar 65.40 -1.87 +14.80CooperTire 15.17 -.32 +5.80Daimler 83.36 -3.81 +46.60
FordM 5.97 -.21 -21.70GnMotr 22.28 -1.41 -19.70Gentex 15.71 -.59 +9.50Goodyear 24.36 -1.11 +3.90Group1 20.53 -.17 -61.00HayesLm 3.86 -.07 -20.40Honda 29.62 -1.94 -17.20JohnsnCtl s 32.90 -1.22 +20.20LearCorp 24.93 -.09 -20.60
MagnaI g 71.49 -.68 -7.80Nissan 19.44 -.84 -13.40NobleInt 13.01 -.46 -28.90Penske 14.25 -.74 -34.50SonicAut 16.72 -.31 -42.80TRWAuto 20.16 -.83 -21.50Tenneco 23.74 -.70 -9.40Toyota 100.45 -3.66 -18.80Visteon 3.47 -.02 -53.80
12-Mo. Stock Last Chg. % Ret.
12-Mo. Stock Last Chg. % Ret.
12-Mo. Stock Last Chg. % Ret.
Auto stocks
12,501.11 -277.04
12-MoNAV Chg. % Ret.
Select mutual funds12-Mo
NAV Chg. % Ret.12-Mo
NAV Chg. % Ret.12-Mo
NAV Chg. % Ret.0115
Bond Buyer municipal index 4.733-month T-bill 3.0930-year T-bond 4.29
❚ UPDATED ALL DAY, EVERY DAY:Get your latest stock and mutual fund prices atwww.freep.com. Go to “Stock Watch,” put theticker symbol in the box and click on “go.”For free, updated stock quotes call 800-555-8355.❚ SATURDAYS: See your two-page market report.
Funds’ % return field rotates each day. Tues.: 13-Wk.; Wed.: 12-Mo.; Thurs.: 3-Yr.; Fri.: 5-Yr.; Sat.: YTD.
Mutual Fund Footnotes: x = Ex cash dividend. NL = No up-front sales charge. p = fundassets used to pay distributioncosts. r = Redemption fee or contingent deferred sales loadmay apply. t = Both p and r.
A growing conviction that the United States is headed to-ward a recession sent Wall Street plunging Tuesday, with weakretail sales figures and a disappointing quarterly report fromCitigroup Inc. exacerbating investors’ pessimistic mood.
The Dow Jones Industrial Average fell 277.04, or 2.17%, to12,501.11.
Broader stock indicators also lost ground. The Standard & Poor’s 500 index dropped 35.30, or 2.49%, to
1380.95, and the Nasdaq composite index lost 60.71, or 2.45%,closing at 2417.59.
Meanwhile, bond prices rose. The yield on the benchmark10-year Treasury note, which moves opposite its price, fell to3.69%, close to its lowest point since March 2004 and down from3.77% on Monday.
Pessimism plagues markets
get through the rest of the cur-rent downturn, which Jacksonsays is in its third and final year.
Jackson predicted consum-ers won’t feel confident enoughto start buying in earnest againuntil the nation’s leaders pass aserious economic stimuluspackage, the housing marketbegins to correct itself and anew U.S. president has beenelected.
“People want certainty,” hesaid. “They want to know who isgoing to lead us through this pe-riod.”
Jackson, who stopped tochat briefly with U.S. Rep. JohnDingell, D-Mich., while touringthe show, said the nation willknow it’s on the road to recov-ery when the pickup truck mar-ket starts to grow again with-out heavy incentives.
Full-size pickup trucks areconsidered strong indicators ofeconomic growth, closely tiedto the housing market.
Jackson said Ford Motor Co.and Chrysler LLC are well suit-
ed to benefit from that eventuallift, with the new Ford F-150and Dodge Ram coming to mar-ket later this year.
“Ford did a great job withthe F-150. They nailed it,” hesaid. “It will remain the best-selling truck in America.”
But Jackson said GeneralMotors is the Detroit automak-er best prepared to benefitwhen the U.S. economy startsturning around.
Jackson said GM’s pipelineis full of wonderful new prod-ucts, thanks to the leadership ofVice Chairman Bob Lutz.
What’s more, he said, the au-tomaker’s product revival —highlighted by the ChevroletMalibu, North American Car ofthe Year — is also on steadyfooting that will carry it into thefuture without the rollercoas-ter cycles of the past.
“They’ve done it,” Jacksonsaid of GM. “This is the realdeal.”
Contact SARAH A. WEBSTER at313-222-5394 [email protected].
SALES � Even the best aresuffering, top dealer says
From Page 1E
Chrysler this fall is expectedto dramatically make over theinteriors of the Jeep Compassand Patriot, vehicles that werelaunched within the past 16months, people familiar withthe plans told the Free Press.
One Chrysler executive saidthe improvements illustrate achange in the company’s cul-ture to quickly fix somethingthat they know needs improve-ment instead of waiting severalyears for a scheduled redesign.
Several industry analystswho have seen inside the newRam at the auto show are im-pressed but some think that theimprovements still do not beatthe Ford F-series pickup, whichwas also redesigned and un-veiled at the auto show Sunday.
“I think it puts them on parwith GM, but in my mind Fordis still the benchmark for interi-ors,” Erich Merkle, an analystwith IRN Inc., said of the Raminterior. “Ford had a phenome-nal interior … since the last re-design and the one they haveout there now is even better.”
Still, Merkle had praise forthe Ram’s interior. “I think it’sa dramatic improvement fromwhere it was,” he said. “Thestuff they had before was sohard and plasticky. I like thefact that it is softer.”
But the progress is incom-plete, said Michael Robinet,vice president for global fore-casting at CSM Worldwide.
“This Ram shows thatthey’ve made a step forwardbut they still have a ways to go,”he said.
Brian Moody, Edmunds.comsenior road test editor, praised
the interior: The gauges, for in-stance, have a more preciselook and chrome accents.
“The color choices also werevery pleasing, textures werevery nice and the things youwould touch did not feel overlyplasticky,” Moody said. “Thereis going to be plastic inside a carno matter what — that’s OK.But it didn’t feel cheap or overlyplastic.”
Chrysler has taken criticismover the past year for its interi-ors. Los Angeles Times criticDan Neil, for example, rippedthe new Sebring convertible,writing it had “deprived plasticinteriors” and that vehicle was“cast in plastic worthy of a Chi-nese water pistol.”
ConsumerReports.org hadsimilar complaints about theSebring Touring Sedan andother new Chryslers. “The Se-bring’s interior looks cheap andinsubstantial,” the magazines
said. “Almost all of the touch-able surfaces are hard. Panel fithas large, uneven gaps and un-finished edges.”
Chrysler is aware of suchcriticisms.
“Quality is always some-thing I have striven to achievebut anything I release from mydesign department in clay is ofthe highest quality … It issculpted to the highest qualityand then it is released into therest of the system,” Creed said.“And it’s in the rest of the sys-tem … that things don’t happenexactly as we intended. Whatwe’ve done now is take chargeand realize that we all have towork together.”
Designers are working withsales and marketing people toidentify the so-called DNA ofthe interior and riding herd ov-er the projects to ensure the de-sign stays as intended, Chrys-ler executives said.
“There are things that whenwe release them, they’ve got tostay on the vehicle until the ve-hicles come into productionand not find out that somebodysomewhere took something out… to save money or whatever,”Creed said.
He seemed defensive follow-ing criticisms of the Sebring. “Iwas responsible for the interi-ors of the Sebring,” he said.“Again there are gaps on theproduction vehicle that werenever released from the designdepartment, where supplierscouldn’t achieve what they saidthey could achieve. Therewasn’t enough oversight at var-ious stages in the process.”
“But I still think it is a verydramatic interior and I am veryproud of both the car and the in-terior.”
Contact TIM HIGGINS at 313-222-8784 or [email protected].
Chrysler/
The 2009 Dodge Ram Laramie offers a two-tone interior and a heated steering wheel, a first for Chrysler.Brian Moody of Edmunds.com praised the interior, saying the gauges, for instance, have a more precise look.
INTERIOR �Ram showsChrysler’sprogress
From Page 1E
“What we’ve done now is … realize that we all have to work together.”TREVOR CREED, senior vice president of design at Chrysler, on ensuring that the design stays as intended through the manufacturing
process
After a review of operationshit by a global credit crunch,Bank of America Corp. saidTuesday that it would cut 650positions in investment bank-ing and trading units and selloff a business that processestrades for hedge funds.
The Charlotte, N.C.-basedbank is paring an area in whichit has spent $675 million to ex-pand in recent years, but execu-tives said the company remainscommitted to businesses inwhich it leads.
“It’s your prerogative to use‘retreat’ or ‘retrench,’ ” Bank ofAmerica chief executive Ken
Lewis said in a conference callwith journalists Tuesday. “I seeit as reacting to the realities ofthe marketplace as it is today.”
The layoffs amount to about12% of the jobs in the company’sglobal markets and global in-vestment banking businesses.
Bank of America is the newowner of LaSalle Bank in Michi-gan.
The layoffs are to take placeover the next three to fourweeks. The bank did not dis-close locations.
The bank has been review-ing the strategy of its corporateand investment banking unit.The bank is expected to reportdisappointing results for the fi-nal quarter of 2007 next week.
Bank of America to cut650, sell off hedge unit
By RICK ROTHACKER
MCCLATCHY NEWSPAPERS
If you invested $1,000 in automotive stocksThis assessment of stocks shows which ones would be the biggest winners andlosers if a person had invested $1,000.
WEEKLY WINNERSPL Name Ticker Last Price Value1 Cooper Tire & Ru Ctb $15.17 $1,108.112 Arvinmeritor Inc Arm $10.62 $1,073.813 Amer Axle & Mfg Axl $17.22 $1,060.354 Goodyear Tire Gt $24.36 $1,031.775 Trw Automotive Trw $20.16 $1,021.38
MONTHLY WINNERS1 Arvinmeritor Inc Arm $10.62 $974.312 Tenneco Inc Ten $23.74 $965.043 Cooper Tire & Ru Ctb $15.17 $945.764 Toyota Motor-adr Tm $100.45 $944.975 Hayes Lemmerz In Hayz $3.86 $941.46
YEARLY WINNERS1 Borgwarner Inc Bwa $42.20 $1,325.352 Hayes Lemmerz In Hayz $3.86 $1,179.933 Johnson Controls Jci $32.90 $1,160.064 Gentex Corp Gntx $15.71 $1,052.815 Cooper Tire & Ru Ctb $15.17 $1,030.21
WEEKLY LOSERSPL Name Ticker Last Price Value1 Noble Intl Ltd Nobl $13.01 $924.012 Autonation Inc An $12.3 $933.233 Honda Motor-adr Hmc $29.62 $938.834 Visteon Corp Vc $3.47 $942.945 General Motors Gm $22.28 $956.22
MONTHLY LOSERS1 Autonation Inc An $12.3 $809.212 Sonic Automoti-a Sah $16.72 $824.053 General Motors Gm $22.28 $840.124 Autoliv Inc Alv $46.8 $855.425 Noble Intl Ltd Nobl $13.01 $855.92
YEARLY LOSERS1 Visteon Corp Vc $3.47 $459.002 Sonic Automoti-a Sah $16.72 $556.203 Arvinmeritor Inc Arm $10.62 $565.474 Autonation Inc An $12.3 $570.505 Noble Intl Ltd Nobl $13.01 $682.82Source: Bloomberg
