Steel firms push tariffs on imported cold rolled steel
Washington AP The top U.S. steel producers including Weirton Steel seek punitive tariffs on cold rolled steel from Japan, Russia and 10 other countries. They say unfairly priced imports caused up to 10,000 layoffs nationwide and 400 at Weirton, despite a 40 percent drop in imports since November.
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U.S
West Virginia
Weirton Steel
Japan
Russia
Weirton
Weirzon Steel
Richard K. Riederer
Stock prices close mixed as investors brace for rate hike
Wall Street ended mixed after a volatile session as traders priced in a possible Fed rate increase. The Dow fell 18.37 to 10577.89 while broader indicators rose slightly. Greenspan’s remarks in Boston kept traders hopeful that the central bank will avoid shocks. Investors sought bargains in battered tech amid ongoing rate fears.
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RON Campbell Investment Planning
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Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
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Bankamerica
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Bellsouth Corp
Bethlehem Steel
Boeing CO
CBS Corp
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Alan Greenspan
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New home sales rise to second-highest on record in April
Washington AP report shows new single-family home sales up 9.2 percent in April to a seasonally adjusted annual rate of 978,000, led by gains in the Midwest, Northeast and South while the West lagged. Prices hit records with a 3 percent median at 159,500 and a 3.7 percent rise to 193,100 average.
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Washington
Commerce Department
West
Midwest
Northeast
South
Greenspan warns of great tragedy from protectionism
Federal Reserve Chairman Greenspan warned that cutting trade barriers has yielded major gains for the U.S. economy and that reversing them would be a great tragedy. He urged avoiding higher barriers amid a global financial crisis and soaring trade deficits, calling for worker retraining over protectionist measures.
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Federal Reserve
Alan Greenspan
U.S
Greenspan
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