Interest rate worries sink stocks amid mixed data
Stocks slid in New York as upbeat labor data clashed with rate worries, weak retail sales, and Greenspan’s deficit warning. Dow fell about 0.7 percent to 10,241. Nasdaq and S&P also declined while oil climbed and Iraq tensions persisted, fueling market jitters ahead of Friday jobs data.
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New York
Federal Reserve
Alan Greenspan
Wall Street
Fed
Labor Department
Peter Cardillo
S.W. Bach & Co
Bears
Dow Jones
Standard & Poor
Paign
Iraq
Greenspan
Bankrupt Weirton sale clears path to ISG buyout
A settlement approved by U.S. Bankruptcy Judge L Edward Friends allows Weirton Steel to proceed with its 237.5 million sale to International Steel Group. ISG will hire about 2,100 of 3,000 workers as creditors receive about 30 million, including 20.4 million plus up to 9.6 million in expenses and up to 6 million later.
MENTIONED IN THIS ARTICLE
Organtown
Weirton Steel Corp
U.S
L. Edward Friends
Friend
Weirton
Wheeling
Ohio
International Steel Group
ISG
D. Leonard Wise
U.S. District Court
U.S. Steel
Concord College Alumni Banquet Honors Three 2004 Figures
All alumni and friends are invited to a May 14 banquet in the College Center. Social at 5 p.m., banquet at 6 p.m. in the Ballroom. Honorees are Robert Gallione, J Ken Moore, and Coach Tony Colobro. Moore will speak on his Met Museum career. Cost 18 dollars. class of 1954 admitted free. Reservations: Kari Whittaker at 304-384-5348.
MENTIONED IN THIS ARTICLE
Athens
Concord College
Alumni Association
College Center
Robert
Bob” Gallione
Bergenfield
N.J
J. Ken Moore
New York
N.Y
Tony Colobro
Metropolitan Museum of Art
Kari Whittaker
Concord.edu
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