Stocks Hit Record Highs On Weak Claims Boost
New York stocks rose to record highs as weak jobless claims suggested Fed rate cuts may come. The Dow climbed over 40 points while breadth favored advances and bond prices gained, with heavy buying by investment managers ahead of quarter end.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve
Dow Jones
New York Stock Exchange
Ment
Treasury
Larry Wachtel
Prudential Securities
Fed
Trade talks spark tariff debate on Japanese luxury cars
Local dealers see little impact from a potential 100 percent tariff on 13 Japanese luxury models. Some analysts in major cities expect demand to rise as buyers move ahead before any deadline, while Mercer County shops report solid to rising sales. U.S. and Japan intensify talks in Geneva with a Wednesday deadline and sanctions looming.
MENTIONED IN THIS ARTICLE
Greg Jordan
Daily Telegraph
Bluefield
Clinton
Japan
Charlie Cole
Cole
St. Albans
Winston-Salem
Mercer County
Jimmy Ramey
Action Automotive
Welch
Ramey
Toyota
Alex Ercoline
Ercoline Nissan
Ercoline
Lexus
Geneva
United States
U.S
America
Atsushi Ohi
Ira Shapiro
Mickey Kantor
Washington
Ohio
Tomiichi Murayama
Workers' camp posts largest drop since '87
U S wage and benefits fell 2.7 percent in the year ending March marking the steepest decline since 1987. Real hourly compensation in private industry dropped to $17.10 from $17.57 with wages and salaries down 24 cents to $12.25. Labor Secretary Reich called the figures dramatic and warned of rising inequality as income shifts toward the wealthy. The report notes wide variation across industries, unions, hours, firm size and regions.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Labor
Robert Reich
Reich
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Ron Campbell
Robert Thomas Securities, Inc
Abbott Labs
Allegheny Power
Family Corp
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat'l Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
Virginia Bank
Flowers Industries
FMC Corp
Food Lion Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll Rand
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
Pacific Telesis
JIC
Penney CO
Pennzoil CO
Pepsico Inc
Phila, Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Pittston Services
Premier Bankshares
Pulaski Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
Usx-Marathon Oil
USX
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
Lawrence
Ito
Great Selects
Robert T. Gardner
Lawrence Optical
North Street
Nancy Lohuis
Princeton Family Practice, Inc
Mountain State Family Practice
Water Street
Peterstown
James F Humphreys
Norfolk & Western
Norfolk & Southern
Baltimore & Ohio
Chesapeake & Ohio
CSX
Conrail
Penn Central
NY Central
Ct&i
James F. Humphreys
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