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Is Rising Dow a Good Omen for Horse Sales?

The Dow Jones industrial average closed at 10,015.86 Oct. 14, marking the first time the figure had touched 10,000 since October of last year, when the stock market was on its way down. The statistic has enjoyed an amazing rebound of 53% since March when it dropped to its lowest point in more than a decade.

Magna Says Sale of $50 Million in Notes Complete

Magna Entertainment Corp. said June 24 it has completed its previously announced sale of an additional $50-million aggregate principal amount of 8.55% convertible subordinated notes due June 15, 2010.

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