Greenspan influence sparks Wall Street rate cut talk
Analysts note one word from Alan Greenspan can drive market expectations for a June rate cut. He spoke of insurance against economic weakness, prompting bets of a federal funds rate reduction while some economists question the necessity amid May job data and hiring trends.
MENTIONED IN THIS ARTICLE
New York
Alan Greenspan
Wall Street
Federal Reserve
Greenspan
Fed
Louis Crandall
Wrightson Icap
Berlin
Treasury
Crandall
Labor Department
May Retail Sales Rise Nudging Economy Back
The Commerce Department reports a 0.1 percent rise in May retail sales from April, signaling consumer rebound after Iraq related doldrums. Excluding gasoline stations, sales rose 0.4 percent, while gas station declines pulled overall gains lower. Rosalind Wells notes improved spending.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Rosalind Wells
National Retail Federation
PeopleSoft rejects Oracle bid as Oracle presses pursuit
Oracle chairman Larry Ellison pledged to continue pursuing PeopleSoft after its $5.1 billion hostile bid, while PeopleSoft stuck to its plan to buy J.D. Edwards for $1.8 billion. JD Edwards filed Colorado suit seeking $1.7 billion plus damages and named Ellison and a former Oracle analyst. In Detroit a Delaware judge certified class actions against DaimlerChrysler over the 1996 merger, consolidating shareholder claims led by Kirk Kerkorian.
MENTIONED IN THIS ARTICLE
San Francisco
PeopleSoft Inc
Oracle Corp
Oracle
Larry Ellison
PeopleSoft
Ellison
J.D. Edwards & Co
J.D. Edwards
Colorado
Chuck Phillips
Redwood Shores
Calif
Detroit
Delaware
DaimlerChrysler AG
Kirk Kerkorian
Joseph J. Farnan Jr
Kerkorian
Tracinda Corp
Chrysler Corp
DaimlerChrysler
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Ty Rachel Beck
Ted Press
Particuar
Christopher Wolfe
J.P. Morgan
Ermal
Localnet
WGAC-580
Samuel Chan
University
University Hospital
Universityhealth. Org
HealthMail
Heath
Health Central
University Health
National Research Corporation
Augusta Area
American Cancer Society
The
American Urological Associaton
Spm
LeargZive
Calgary
Sg Me
Nombes
Epsaton
Tomato
Ver
Scotunia Cou
Jae
Formar Lore
Tosiay
Omninessi Ogi
Cal
Arvesty Breast Heath Conte
Tucson
Seniors Club
Screed
Ree Weis
Wag
Ory Wes
Senor
Regio
Mers
Stokes
Mera
Sano MD
Steno
Wwwaniversityhealth.org
Armes
Ee Lee Ee
ASI
Ousf
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