AT&T to Raise Per Minute Rates for Basic Plans
Washington AFP reports AT&T will raise per minute charges for tens of millions of customers while FCC pledges to enforce pass through of $3.2 billion in access fee cuts. FCC Chairman Kennard says AT&T must deliver savings to consumers as new rates move to 29 cents per minute all day weekdays.
MENTIONED IN THIS ARTICLE
Washington
At&t
Federal Communications Commission
Sprint
Commission
FCC
William Kennard
Fed reports slower April borrowing by Americans
The Federal Reserve says Americans increased total consumer credit by 9.3 billion in April, an annual growth rate of 7.8 percent, the smallest rise in six months. Revolving credit rose 5.9 billion at 11.4 percent, nonrevolving credit up 3.4 billion at 5 percent, with March’s gains previously higher.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
IBM sparks tech stock rally as judge ruling looms
Technology shares closed higher after a Goldman Sachs analyst forecast a strong year for IBM. The optimism drew money off the sidelines, lifting the Dow 77.29 to 10812.86, Nasdaq up 82.89 to 3839.26, and S&P 500 up 13.52 to 1471.36 as traders awaited a Microsoft decision.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Raymond James Financial Services
NASD
SIPC
Abbott Labs
Allegheny Electric
AFLAC
SBC Communications
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
Applied Inc. Tech
Ashland Coal Inc
Ashland Oil Inc
Baker-Hughes Inc
Baltimore Gas & EL
Bankamerica
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Corning
Suntrust
CSX Corp
CVS Corp
Daimlerchrysler AG
Detroit Edison
Dominion Res
DOW Chemical
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Mobil
First Union Corp
Virginia Bank
Flowers Industries
FMC Corp. Fmccorp
Delhaize America
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
Humana Corp
IBM Corp
Ingersoll-Rand
Intel Corporation
Mart Corp
Kroger CO
Lowe's Cos
Lucent Tech
McDonald's Corp
Merck & CO. Inc
Microsoft Corp
UPS
Mylan Labs, Inc
Nash Finch CO
Navistar Int'l
Nike, Inc
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Brinks
Potomac Elec
PWR
Praxair, Inc
Reebok
REX Stores Corp
Rite Aid Corp
RJ Reynolds Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
TRI Continental
Union Carbide
Union Pacific
Unisys Corp. Universal Corp
Usair Group
Usx-Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westvaco Corp
Williams'companies
Valley Natural Gas
XEROX
DOW Jones Industrial
New York
Goldman Sachs
IBM
Microsoft
Scott Bleier
Prime Charter Ltd
Standard & Poor
Productivity gains edge up as 2.4 percent in Q1
A government report shows first quarter productivity rose 2.4 percent, the smallest gain in nine months, yet economists say output per hour remains strong. Year over year, productivity outside farming grew 3.7 percent, matching Q4 pace as the Dow fell modestly on profit taking.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Richard Yamarone
Argus Research Corp
Wall Street
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Wilson & Hrutkay Law Offices
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