OPEC Says It Can Lift Low Oil Prices
OPEC ministers in Vienna hinted at reviving a production cut strategy to lift prices, with private concerns over market stability as tensions in the Middle East and private chatter about cuts influence futures. Iran Kuwait ministers pressed for higher levels, while prices fluctuated in London.
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London
Algeria
Indonesia
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Spice Girls Dominate American Music Awards Night
The Spice Girls won best group in pop rock and took favorite new artist and best album for Spice at the American Music Awards. They taped a performance of Too Much for ABC TV while Grammys nominations were scarce. The show honored Frank Sinatra with an Award of Merit as Nancy Sinatra accepted it for her father.
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Los Angeles
Spice Girls
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Wallflowers
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Mighty Mighty Bosstones
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Enrique
Erykah Badu
Clinton weighs Iraq strike options and bioweapons threat
Washington reports military planners seek sufficient firepower in the Persian Gulf to sustain an air attack if needed. Officials warn Iraq may illegally manufacture biological weapons, nudging toward possible action against Saddam Hussein’s arsenal.
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Persian Gulf
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Butler says Iraq hiding weapons
UN weapons inspector chief Richard Butler told The New York Times that Iraq possesses enough biological weapons to threaten Tel Aviv. He said Iraqi officials delay inspections to remove evidence of biological and chemical agents while inspectors monitor over 100 sites.
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Japan
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Hashimoto
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New York Times
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Butler
AT&T to Slash 18000 Jobs and Reshape its Business
AT&T plans to cut 18,000 positions equal to 14 percent of its workforce and shift toward higher capacity voice and data networks. The company will offer Internet based telephone service and a new mobile phone option while freezing executive salaries and reorganizing management. Incentive packages will be offered to managers who resign.
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New York
At&t Corp
At&t
Wages rise 3 3 percent in 1997 fast pace for four years
Washington Americans saw wages and benefits rise 3.3 percent in 1997 the fastest since 1993 with a 1 percent gain in Q4 signaling end of a tight labor market. The Labor Department notes acceleration from 2.9 percent in 1996 and 2.7 in 1995.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Delivery Rates Patchwork for Weekday and Weekend Plans
The notice outlines varying home delivery charges with weekday afternoon options and Saturday service. Rates shown include monthly 8.95, three months 26.85, six months 67.20, twelve months 134.40, and special three month and six month bundles, reflecting an inconsistent pricing structure.
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