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Cattouse record highlights a Keyport victory

first_img BY TIM MORRISStaff Writer BY TIM MORRIS Staff Writer PHOTOS BY CHRIS KELLY staff Above, Keyport’s Kevin Spears makes a tough catch despite the efforts of Freehold’s Ron Pekarchik during Saturday’s game in Freehold. At left, Ken Cattouse rumbles for some yardage en route to becoming the state’s all-time leading rusher. Keyport High School’s football team traveled to Freehold Borough Saturday with two goals in mind — remaining undefeated and taking over sole possession of first place in the National Division, and getting running back Ken Cattouse the state career rushing record. Missions accomplished. The Red Raiders were up to both tasks, beating the Colonials, 30-0, and paving the way for Cattouse to get the 105 yards he needed to pass South River’s Zack Earvin (5,442 yards) and become the No. 1 career rusher in state history. It was a seven-yard run in the fourth quarter that put Cattouse over the top. “I’m glad I got it out of the way,” said Cattouse. “It’s a credit to my teammates. The line just kept blocking for me all day. They told me they would get the record for me today. “It’s a great feeling,” he added. “It’s a big accomplishment for me and my family.” It wasn’t easy for Cattouse against a pumped-up Freehold Borough defense that made him earn every yard. The Red Raider senior was held to just 35 yards in the first half, and it looked as if the record just might have to wait for another week. “I was trying too hard at first,” Cattouse said. “I was shaking too much, making too many moves. I wasn’t following my blockers and exploding.” One of those blockers is his best friend, receiver J.J. Bedle. “He’s one of my best friends and a great blocker,” he remarked. In the second half, Cattouse settled back to being a power runner, following his blockers and picking up seven, seven and eight yards at a crack. Soon, the yards piled up and in the fourth quarter, history. “I’m speechless,” Cattouse said after the game about being the new state record holder. ” I’ve had good support from my family, team and the town. I’ve earned it. I’ve worked hard.” On the day that Cattouse brought the state record to Keyport, special teams made all the difference in this National Division showdown, from Bedle returning the opening kick-off 95 yards for a touchdown, to Sahabi Singh blocking three punts. Singh’s extraordinary day put the Red Raiders in scoring position all day. “It was one of those days,” said Singh. “I go out to prove myself every game. I was happy I could do it.” The long-armed 6-2 Singh set the Red Raiders up for their second score of the day when he powered his way through the Colonials’ line to block Chris Coulson’s punt cleanly and recovered the ball on the Colonial 26. Six running plays later, split between Cattouse and Daquan Cross, the Raiders were on the scoreboard again as Cattouse took it in from the one. Pete Czech’s PAT made it 14-0 with 6:42 left in the first half. It looked like a rout was on. The Red Raiders had hit the Colonials with a pair of haymakers (Bedle’s kick-off return and Singh’s block), but the Freehold Borough defense would defy the odds and keep the Colonials in the game. James Jadacki, Islam Khallaf and Danny Matthews and Josh Mitchell gutted it out all day. The game remained 14-0 into the third quarter when Singh again blocked another punt and the Red Raiders were on the Colonial 39. Cattouse’s 24-yard touchdown polished off the short drive, and it was 21-0. The score grew to 23-0 on a safety when the ball was snapped over the head of Coulson, who was punting from his own end zone, and out of the end zone. Keyport would get the ball back after the kick-off on the Colonial 49-yard line. Four plays later, Bedle, reversing field and out-racing the Colonials’ secondary, took it 28 yards for the touchdown just before the third quarter expired. It was now 30-0, and it was time to go for the rushing record. The Raiders would get that too, as Cattouse picked up 115 yards for the day on 29 carries to bring his career total to 5,452 yards. The Red Raiders are now a perfect 6-0 heading into Saturday’s game at home against Mater Dei (2-3). The Serpahs are coming off a 20-13 win over Monsignor Donovan., in a game where Mater Dei benefitted from a pair of big plays to hold off the winless Griffins. Donovan gave a good effort to come back in the end, but the Seraph defense stood its ground, preserving the win. Mater Dei will need to play it best game in years to knock off the Red Raiders this week. Kick-off is 1:30 p.m. The top-ranked Middletown South Eagles cruised past Manchester, 39-0 on Friday to get to 5-0 on the year. The Eagles, playing without suspended QB Dan Johnson, found a solid replacement in Dan Stivala, while Knowshon Moreno added two more TDs to his season total, to pace the attack. South will look to get to 6-0 on Saturday when they travel to Tinton Falls to take on the winless Monmouth Falcons. Game time is 1 p.m. The Matawan Huskies kept pace with the Eagles by knocking off upset-minded Point Boro 35-25. Matawan jumped out to an early lead by scoring on its first five possessions, then held on to earn its sixth win of the year. Next up is Manchester on Nov. 1. The Raritan Rockets used their bye week to prepare for No. 6 Wall Township. Raritan has had this game circled on its schedule since the beginning of the season, and can add to its already impressive resume with a win. Game time is 7 p.m. in Hazlet on Friday. The Middletown North Lions fell to 2-4 with a 19-7 loss to Ocean Township on Friday. Head coach John Oxley’s Lions will look to get back on the winning track on Friday when they host Central Regional. Game time is 7 p.m. The Holmdel Hornets fell to Red Bank Regional, 48-7, on Saturday, and have two weeks to prepare for Long Branch on Nov. 1 The St. John Vianney Lancers were no match for the Red Bank Catholic Caseys, dropping a 42-6 contest on Friday night in Red Bank. SJV has its work cut out for it this week as well as Manasquan comes to Holmdel on Friday for a 7 p.m. kick-off. Red Raiders remain undefeated with 30-0 win at Freehold Borough last_img read more

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Biting the hand that feeds you

first_imgWestern Bureau: It was a case of biting the hand that feeds you at the Montego Bay Sports Complex on Monday night. Deshane Beckford, on loan from Montego Bay United, struck twice for Harbour View as the Stars of the East blanked his parent club 3-0 in the Red Stripe Premier League. Beckford’s goals came in the 22nd and 75th minutes. Timar Lewis (36th) was Harbour View’s other goalscorer. The former national Under-17 player, who had a trial stint with English Premier League club West Ham United in 2015, said he did not feel any special pressure, but he wanted to put on a show against his contracted club in the parish where he was born. “I know this is my home ground and a lot was expected from me, so I had to come tonight and play well, and that’s what I did. I got two goals, and Harbour View won, so I am grateful,” said Beckford. He added: “To be honest, It was rough for me at first, but because I’m a part of them, they weren’t very hostile against me.” As the January transfer window approaches, the former Rusea’s High star declined to comment on a likely return to Montego Bay. He told The Gleaner that he is focusing on playing for Harbour View. “From where I stand, I’m just focused on the next two games and [I’ll] see what happens after,” said Beckford, who believes Monday night’s win will do a lot for their confidence as Harbour View look towards the top six. They are now seven points off the play-off places. “We just have to stay out of the relegation zone and climb up the ladder and win these next two games and hopefully, depending on the results of the other teams, make it into the top six,” he added. The win saw Harbour View, who started the game in 12th place and at the foot of the table, move up just above the relegation zone and into 10th place with 16 points.last_img read more

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We Are Liberians

first_imgIn many respects, for Liberia, the 9th of May will be memorable – a date to be forever etched in history. Liberians will complete our 42nd day of living with no new confirmed transmission of the deadly Ebola Virus Disease, an outbreak whose toll included 4,000 of our compatriots, rendered over three thousand children orphans, collapsed our recovering health sector, and crippled the economy.Aptly referred to as the “greatest threat to public health that this generation has faced”, Ebola presented us with a little more than a “threat to public health”. The disease robbed us of our way of life. We who are afforded divine blessings by caring for our elderly – we who cherish the opportunity to spend the last of our days surrounded by family and loved ones; we who pride ourselves and believe our duties to each other extend to burying our dearly departed through traditional rituals and religious practices of care by which we console ourselves that our loved ones are journeying to a better place – we were often limited to watching and restricted from touching, as our forefathers taught us to do.Some have found it hard to bring proper closures to the deaths of fathers and mothers as well as brothers and sisters because for many, the last time we saw our sick or dying relatives, they were being taken in ambulances with blaring sirens to ETUs, and as the bodies piled up, posing additional risks to all others especially ourselves, they were disposed of by cremation – not buried as we always have. Indeed, Ebola changed our way of life.And we will never forget – we must never forget.Under these dark clouds, understandably, it is hard to fathom a silver lining. But just as Ebola has altered our lives, it has afforded the opportunity for a new beginning – a beginning that counters historical myths. One such myth which has haunted the body politic is that Liberians cannot come together. Some have stretched this to repeatedly suggest that we cannot even be sustainably enjoined in cooperatives or in doing business – that Liberian partnerships are unsustainable.The truth is that since our fabled Declaration of Independence, we have been suspicious of each other. It is still safe to say the Declaration meant little, if anything at all, for many who were increasingly suspicious of the intentions of the declared State. Some historians have suggested that we were a country struggling, over several generations, to become a nation – that although we possess a beautiful and blessed country, we were too divided along superficial lines of tribe, religion, gender, and even age, to be as committed as we should be, to a common purpose of building a nation in which all would thrive, if they try, and in which all would share equally in opportunity.Perhaps this gnawing sense of inequality in citizenship accounted for the fact that parts of the country were comparatively more developed than others. What is more, overtime, we have fashioned our politics not necessarily on the competition of ideas about how we can improve our society for the collective benefits of all of our people but on the narrower interests of tribes in which we not only harness our identities but into which we feel compelled to retreat to either compensate for our lack of ideas or simply for political cover.Dangerous as it was, perhaps Ebola has given us a new way. As its death stings stalked our communities all across the country, we came together in ways that we have not done before. Perhaps collectively threatened as we came to be, we realized that Christians and Muslims can come together – that we can work together; that we can look beyond even the long-held practices of our faith and appreciate the important values of our beings. We saw that the old and the young – that males and females can work together each bringing the innate values of their intrinsic beings and talents to bear in resolving a problem with which all were confronted.And we saw communities shed their suspicions and fears. We saw communities stand up with their government, and fight back, often with nothing more than just the will to not die. Our communities, ordinary and regular folks alike, big and small, rich and poor, together, owned the problem and became the solutions.And so today, here we proudly stand, just four days away from conquering a predatory disease whose unprecedented outbreak, including in our most populous urban areas, would have brought many nations of our world to their knees. Here we proudly stand, once again inspiring the world into the belief that Ebola can be overcome – that it can be stopped at its source before it infects the rest of our human family.Of course we have lived through our historical myths. But we have also recently experienced the empowering spirit of coming together – of standing together; of being more than just the geography that is a country. We have seen the force of a nation – the collective will of a people to overcome, and to survive. We have seen that each of us owes a duty to the other. We have seen that each of us can play a role wherever we are and whatever our station.This is nation building – becoming increasingly aware of our differences but looking beyond, and working through our differences, for the common good of all others. We are more than a country – the geography of land blessed with rivers and lakes and monsoon. We are people. We are Liberians – a special people blessed with the gift of resilience – the collective power to “meet the foe with valor unpretending”.So, this, truly, is who we are. This is our DNA which is laden with a resilient character. We no longer have to accept that we cannot come together – that we cannot work together; that each of us can necessarily succeed without and at the expense of the other. Over this trying period, we bear proud witnesses that we can rise together. Or, sadly, we will all fall together.Let us own this character that is ours. Let us walk with this character. Let us talk with this character. Let us attend to our challenges with this character. And let us rebuild our country with this character.On May 9, therefore, as we are declared Ebola-free, let us also celebrate our rebirth. Let us lay just claims to the national creed of dutifully applying our “hearts and hands” to defend the causes of our country. And let us always strive to afford it the true meaning it deserves. For, if nothing else, this is why we live. And this is why beyond our religion, gender, tribe and age – beyond our political aspirations – we are Liberians.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Granger fooled the people, got our votes then disappeared

first_imgDear Editor,In Lethem, we voted for President David Granger because we felt that he was a righteous man; we liked what he told us at the meetings he had in Region Nine (Upper Takatu-Upper Essequibo). But I feel that he has fooled us. The region is still full of corrupt officers. He said he would clean out the place, but every day we look at the same officers that had oppressed us. May people tell me that they have problems with these same officers. It is hard to get paid.Then we had our heritage the other night. That was no heritage; that was a People’s Progressive Party (PPP) meeting. The former Regional Executive Officer was there, the Member of Parliament was there, other PPP members were there, all at the head table. No A Partnership for National Unity (APNU) or Alliance For Change (AFC) people were there. The Heritage turned out to be a ‘coastlander’ party, with all the vulgar music and no Amerindian songs. The APNU/AFC people are not coming to tell us anything. We are right next door and we do not see them anymore. The President has to let our APNU politicians come and visit us; we need them to tell us what the party is doing. We know what the Government is doing but not the party.I want to let the President know that there are many people talking of leaving the party and joining AFC because they don’t like what APNU is doing.Sincerely,Patricia Camildolast_img read more

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Essequibo bus driver on bail for resisting arrest

first_imgA minibus driver from Anna Regina Housing Scheme on the Essequibo Coast was on Wednesday granted bail after he appeared before the court for resisting Police arrest. Ally (only name given) made his first appearance before Magistrate Sunil Scarce at the Anna Regina Magistrate’s Court.It is alleged that on August 24, 2016, he resisted Police arrest at Charity public road. He plead guilty but based on his explanation, a not guilty plea was recorded.Ally told the court that he did not touch any Police Officer and that he and his friends were drinking earlier that day. He said also that after he finished socialising, he joined a bus and went home. After listening to his story, bail was granted in the sum of $20,000. He is expected to return to the Charity Magistrate’s Court on November 14, for the commencement of trial.last_img read more

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Steven Gerrard: Liverpool fans should ‘treasure’ star man while they still can

first_img1 Steven Gerrard has urged Liverpool fans to enjoy Philippe Coutinho while they can – before Barcelona and Real Madrid come sniffing around.Coutinho has assumed the mantle of the Reds’ key man in recent months, particularly after the departures of Gerrard and Raheem Sterling in the summer, and has emerged as the main creative force at Anfield.In exerts of his new book serialised by the Daily Mail, the ex-Reds captain revealed Luis Suarez told him to look after the Brazilian playmaker after the Uruguayan left for Barcelona in 2014.Gerrard said: “That told me how much Suarez rated Coutinho as a player. I knew they were close, because all the South Americans and Spaniards loved Luis.“But it struck a chord with me when Luis singled out Philippe as our most special young talent. It echoed my own view.“Philippe is wonderfully gifted and I expect him to become Liverpool’s leading player.“Many Liverpool fans already regard him as our main man.“He has just signed a new deal and he and his wife — who are a lovely couple — seem settled here.“But I also know that the Spanish giants, Barcelona and Real Madrid, will come looking for Philippe in a few more seasons, just like they did with Luis.“And that’s when it will get tricky for Liverpool because the lure to go to one of those two clubs is so strong for any South American or Spanish player.“Until that happens, Liverpool should really treasure Philippe.”Despite Liverpool’s lacklustre start to the season, which was compounded by a heavy defeat to arch rivals Manchester United on Saturday, there has been little to suggest that Coutinho’s imminent future lies away from Anfield.Gerrard, however, seems insistent that lucrative offers from Europe’s elite are an inevitability if the 23-year-old continues his current development curve. Philippe Coutinho and Steven Gerrard last_img read more

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GOVERNMENT AND BANKS FAILING DONEGAL BUSINESSES – TD

first_imgDonegal TD Charlie McConalogue has said the latest report on lending figures from the Central Bank proves that the banking sector and the Government are failing small businesses in Donegal and across the country.The Fianna Fáil Deputy has called on the Government to provide increased lending powers to credit unions and County Enterprise Boards to increase the credit available to viable local businesses.“This report clearly demonstrates what small businesses in Donegal and across the country have known for some time – that banks are simply not lending and the Government is doing little or nothing about it,” said Deputy McConalogue. “The desperately weak level of lending is strangling the life out of small businesses in this region and it is costing us jobs.  At the moment banks are turning away viable customers with good business plans who can fully repay their loans. This ultimately results in business closures, more job losses and an unprofitable banking system.“It is time for the Government to wake up and stop living in denial about the extent of this crisis. It’s clear from this report that the banks have been sugar-coating their lending figures and that the Government has just accepted this without question. As the owner of AIB and shareholder in Bank of Ireland, the Government needs to use its teeth and ensure that appropriate lending targets are fully met.“I am also calling on the Government to consider increasing the lending powers of credit unions and the County Enterprise Boards (CEB). Credit unions should be allowed to lend to businesses with finance from the NTMA. County Enterprise Boards (CEB) also need to be funded so they can administer smaller, recoverable loans for hard-pressed businesses.“This report is a damning indictment of the Irish banking sector and it must act as a wake-up call for the Government. The small business sector is the lifeblood of the local economy and the key to economic recovery in the North West. The Government should be doing everything in its power to support local businesses and encourage job creation.”  GOVERNMENT AND BANKS FAILING DONEGAL BUSINESSES – TD was last modified: August 22nd, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Charlie McConalogueGOVERNMENT AND BANKS FAILING DONEGAL BUSINESSES – TDlast_img read more

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Exclusive: Marcus Rashford is our ‘shining light’, says ex-United man Nicky Butt

first_imgFormer Manchester United midfielder Nicky Butt believes Marcus Rashford is the perfect example to follow for club academy prospects.Rashford has become a mainstay in the United line-up under Jose Mourinho this season after initially breaking through under Louis van Gaal last year. The eighteen-year-old has scored three goals in seven league games and has replaced Wayne Rooney as one of United’s most potent attacking options.Butt was recently appointed as United’s new Head of Academy and is responsible for generating the sort of talent seen in the Class of 92’ era that enjoyed treble success in 1999.Speaking at the Legends of Football Dinner on Wednesday night, Butt was keen to praise Rashford for both his professionalism and talent.“He’s started off on fire,” Butt told talkSPORT.“At eighteen years of age, to be doing what he’s doing – representing England, playing regularly for Manchester United – it’s a massive accolade for him and he doesn’t need me to big him up.“His football speaks for itself, but as a person he’s a really good person and someone that we want to be our shining light. He’s someone we want to put in front of people and say ‘this is the kind of people we create in our academy’.“He’s respectful, he speaks to the press in the right way, he represents what we believe is right for young players coming through – that’s the most important thing for us.”“Whether you’re a Liverpool person or a United person, it’s great to see your own coming through – and an English person as well – that’s only a good thing in my eyes.”“We’ve got a lot more in the bank. But we don’t want to rush them through. I think the worst thing you can do is rush kids through. Marcus is probably an exception, he’s taken everything on his shoulders and he’s moving forward. I’m not getting too carried away but some kids you have to be careful with.”last_img read more

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Team of the future! An XI made up of the very best teenagers in Europe

first_img 9. Marcus Rashford, 19, Manchester United (forward) – Louis van Gaal introduced Rashford to the first team last season and the young forward hit the ground running for United. It has been a struggle for him to meet the demands of Jose Mourinho this term, resulting in his playing time being reduced, but his reputation is intact. It would be unsurprising, though, if he considers a loan move in the summer. 7. Manuel Locatelli, 19, AC Milan (centre midfield) – With little experience, Vincenzo Montella trusted Locatelli to command his midfield earlier in the season and fans have quickly warmed to the youngster. He should be forgiven for his inconsistency, with it clear he’s still learning the game. 4. Jorge Mere, 19, Sporting Gijon (centre back) – Since making his debut in September 2015, Mere has been at the heart of Sporting Gijon’s defence. The 19-year-old helped the club avoid relegation from La Liga last season, but they are struggling to evade the drop this term. There may be a few scouts interested in his potential, nonetheless. 11 11 11 5. Josh Tymon, 17, Hull City (left back) – Tymon is one of the most promising prospects for the Tigers. The full-back made his debut in November earlier this season, going on to make a further 10 appearances to date. Hull should be looking to encourage the defender to sign an improved, long-term deal. 11 11 11 11 There seems to be more of a focus on youth than ever in football.Kylian Mbappe, 18, starred in Monaco’s victory over Manchester City in the last 16 of the Champions League earlier this week and has drawn comparisons to compatriot Thierry Henry.And, inspired by his performance, we’ve assembled an XI made up of the best teenagers in Europe. Scroll through the gallery above to check the team out. 3. Malang Sarr, 18, Nice (centre back) – Sarr made his Ligue 1 debut in August 2016, a game in which he scored the winning goal, and has gone on to make 28 appearances in all competitions for Nice. Having signed his first professional contract for the club in November, his future at the Allianz Riviera looks bright. 10. Gabriel Jesus, 19, Manchester City (forward) – Pep Guardiola instantly brought Gabriel Jesus into his first team upon his arrival from Palmeiras in January and, such is the high regard he’s held in by the Manchester City manager, replaced Sergio Aguero in the starting line-up. The Brazilian scored three and assisted one before injury cruelly ruled him out for what’s expected to be remainder of the campaign. 1. Gianluigi Donnarumma, 18, AC Milan (goalkeeper) – check out the XI made up of the best teenagers in European football by clicking the arrow above, right – Donnarumma has been first choice between the posts for the past two seasons at AC Milan, taking the pressure of expectations at the San Siro in his stride. Real Madrid could be planning to make a move for the teen ‘keeper in the summer. 11 8. Christian Pulisic, 18, Borussia Dortmund (attacking midfield) – Pulisic is the latest wonderkid to emerge from Dortmund and is enjoying an excellent campaign for the club. He’s scored three and assisted five in 20 Bundesliga appearances, which has helped to create plenty of hype around his name. He’s on the right path in Germany. 11 2. Trent Alexander-Arnold, 18, Liverpool (right back) – Jurgen Klopp has handed the young full-back invaluable first team experience this season and Liverpool Under-23 coach Mike Garrity recently stated he is maturing well, as a result. He was a regular in the League Cup and FA Cup, and will have relished such senior opportunities. 11 6. Ousmane Dembele, 19, Borussia Dortmund (centre midfield) – Dembele has been one of the standout performers for Dortmund this season, assisting 14 and scoring seven in all competitions for the Bundesliga outfit. The Frenchman has plenty of admirers across Europe and keeping his feet on the ground will be a test for BVB manager Thomas Tuchel. 11 11. Kylian Mbappe, 18, Monaco (forward) – Mbappe has been outstanding for Monaco this term, scoring 17 and assisting five in all competitions for the Ligue 1 outfit. He’s been dubbed the ‘new Thierry Henry’ and is reportedly attracting interest from Arsenal, Real Madrid and Barcelona.last_img read more

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Another day, another Dow record

first_imgNEW YORK – Wall Street barreled higher Wednesday, propelling the Dow Jones industrials to their second straight record high close as investors shrugged off lackluster economic news and grew more optimistic that the Federal Reserve will lower interest rates as the economy cools. The Dow, the stock market’s best known indicator, soared 123.27, to 11,850.61. It was only Tuesday that the 30 blue chip stocks finally reached a new closing high for the first time in nearly seven years. The impetus for Wednesday’s big push higher was a growing feeling on Wall Street that the Fed might begin lowering rates soon. Investors appeared to take comfort from comments by Fed Chairman Ben Bernanke that the slowing housing market could be a drag on the economy, perhaps shaving 1 percent off gross domestic product growth in the second half of this year and into next year. Brian Williamson, an equity trader at The Boston Company Asset Management, said Wall Street could also be taking its cues from economic reports. Two readings Wednesday, one on factory orders and the other on the service sector, pointed to a further slowing of the economy. The Standard & Poor’s 500 index was up 16.11, or 1.21 percent, at 1,350.22 and the Nasdaq composite index rose 47.30, or 2.11 percent, to 2,290.95. Bonds rose, with the yield on the benchmark 10-year Treasury note falling to 4.56 percent from 4.62 percent late Tuesday. The dollar was down against other major currencies, while gold prices fell. The government surprised Wall Street by reporting a rise in crude oil inventories, and investors were also heartened by news that Saudi Arabia said it wanted to keep prices lower. That brought crude down, though it rebounded and settled up 73 cents at $59.41 a barrel on the New York Mercantile exchange. Still, oil prices are down sharply from their trading high for the year of $78.40 a barrel, which came in July. “It looks like the petroleum data shows that there is more than enough oil to go around,” said Kim Caughey, equity research analyst at Fort Pitt Capital Group. “That’s good for inflation and for stocks.” Meanwhile, the Institute for Supply Management said growth in the nation’s service sector slowed in September from August, reflecting managers’ concerns about the economy, interest rates and security issues. And the Commerce Department said factory orders were weak again in August, coming in essentially unchanged. Wall Street has been torn between concerns that the economy is slowing too much and anticipation that economic data such as Wednesday’s reports will persuade the Fed to keep interest rates steady, or even lower them. The Fed has held off on raising short-term interest rates twice since it left them at 5.25 percent at its August meeting; prior to that, the central bank had raised rates 17 time since June 2004. In corporate news, Wal-Mart Stores Inc. rose 9 cents, to $49.55, after spending much of the day down. It said its September sales at stores open at least a year, a closely watched measure of retail performance known as same-store sales, rose 1.3 percent, not 1.8 percent as the company had forecast. The world’s largest retailer, which plans to release September sales figures today, said it miscalculated when it issued its projection. Biotechnology company ImClone Systems Inc. rose $2.16, or 7.95 percent, to $29.33 after saying an unidentified international pharmaceutical company was willing to make an all-stock offer of $36 per share for the company. ImClone also criticized financier Carl Icahn for rejecting the bid and advised shareholders to rebuff his efforts to wrest control of the company. Automakers drew Wall Street’s attention as General Motors Corp., France’s Renault and Japan’s Nissan called off talks on forming an alliance after GM sought compensation for its participation. Earlier in the day, Bear Stearns cut its rating on Ford Motor Co. to “Peer Perform” from “Outperform” and upgraded rival GM to “Peer Perform” from “Underperform.” Ford rose 33 cents, or 4.01 percent, to $8.56, while GM, part of the Dow, was down 9 cents at $33.32. TiVo Inc. fell 85 cents, or 11.3 percent, to $6.67 after the maker of digital video-recording devices said an appellate court had given EchoStar Communications Corp. a reprieve in a patent fight between the companies. Bally Total Fitness Holding Corp. rose 83 cents, or 49.7 percent, to $2.50 after the health club operator said it secured $280 million in loans to refinance existing debt and finance capital spending. Advancing issues outnumbered decliners 3 to 1 on the New York Stock Exchange, where volume came to 1.86 billion shares compared with 1.70 billion Tuesday. The Russell 2000 index of smaller companies was up 15.12, or 2.1 percent, at 733.47. Overseas, Japan’s Nikkei stock average closed down 0.98 percent. Britain’s FTSE 100 closed up 0.50 percent, Germany’s DAX index was up 0.90 percent, and France’s CAC-40 was up 0.70 percent. STATUS OF STREET A snapshot of Dow Jones Average record run and how other indexes compare. For the week: Dow Jones up 171.54, or 1.47 percent. S&P up 14.37, or 1.08 percent. Nasdaq up 32.52, or 1.44 percent. For the year: Dow up 1,133.11, or 10.57 percent. S&P up 101.93, or 8.17 percent. Nasdaq up 85.63, or 3.88 percent. Source: Associated Press160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe joys and headaches of holiday travel: John Phillips“Maybe the market is thinking that the economic data will put the Fed on hold,” he said. The Dow’s record-setting day Tuesday wiped out records that had stood since Jan. 14, 2000. The broader market indicators are still lagging as they try to recover from the turmoil that began with the dot-com bust early in the decade. Those indexes rose sharply Wednesday along with the Dow, which had a gain of 1.05 percent. The average rose to 11,851.25, which stands as its current trading high. last_img read more