Dow posts broad rally as investors snap up battered stocks
The Dow gains 201.66 to 10,940.53 and the Nasdaq recovers to 3,940.35 amid a market-wide rebound. Target marks its NYSE debut with a 2 point rise as Dayton Hudson changes name to Target Corp. Treasury yields rise on three and six month bills and one year treasuries.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
AEGON
National Computer Systems
Weyerhaeuser
McLeodusa
Target Corp
Dayton Hudson Corp
Target
TGT
Mervyn's
Dayton’s
Marshall Field's
Hudson's
Treasury
Treasury Department
Federal Reserve
Biotech
Indust
Insurance
Telecom
Transport
Associated Press
American Stock Exchange
Standard & Poor's
Wilshire Associates
Treasury plans debt payoff via surpluses this quarter
The government aims to retire 17 billion of the national debt this quarter and projects a record 152 billion payoff in the April to June period, aided by ongoing budget surpluses. The retirement reduces part of the 5.7 trillion owed, reflecting fiscal strength.
MENTIONED IN THIS ARTICLE
Treasury Department
HON Industries expands hearth combustion unit with acquisitions
HON Industries Muscatine expands Hearth Technologies by purchasing American Fireplace Co. and Allied Group. The combined firms create Hearth Services Inc. with about 20 showrooms and 800 dealers, 1999 sales around 200 million. Deal slated to close in early March.
MENTIONED IN THIS ARTICLE
HON Industries of
Muscatine
American Fireplace and Allied Group
Hearth Services Inc
Hearth Technologies
Americans' December Spending Surges as Year Echoes Spending
Americans spent at a 0.8 percent December clip the fastest since August, lifting 1999 as a year of robust outlays. Personal income rose 0.3 percent, and the savings rate slid to a record low of 2.4 percent for the year with 1.5 percent in December, while economists note revisions to GDP calculation may alter the picture.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Merrill Lynch
Andrew Groat
Senator Lugar warns biotech trade deal may hurt exports
The UN sponsored pact to label all shipments of genetically engineered crops could burden farmers and grain elevators by forcing segregation of biotech from conventional crops. Senator Lugar calls the rule a substantial problem and a potential damper on U S exports, while major commodity groups see limited impact as labels apply mainly to nonfood products.
MENTIONED IN THIS ARTICLE
Ishington
U.S
Senate Agriculture Committee
United Nations
Susan Keith
National Corn Growers Association
Lugar
American Corn Growers Association
Gary Goldberg
United States
Frito-Lay bans use of genetically altered corn
Frito-Lay Inc. asks suppliers to stop using GM corn, a move praised by Greenpeace and the Union of Concerned Scientists and criticized by farm groups who say biotech crops offer benefits. The company cites consumer concerns though FDA has deemed biotech foods safe. Lynn Markley said action responds to shopper worry, not protests, and Greenpeace notes Frito-Lay's PepsiCo ties.
MENTIONED IN THIS ARTICLE
Greenpeace
Union of
Frito-Lay
U.S
Frito- Lay
Pepsi Co
PepsiCo
UPS earnings rise 37 percent after IPO debut
UPS reports a 37 percent increase in net income for the fourth quarter ending 1999 as a public company. Earnings reach 661 million dollars or 56 cents a share on 7.45 billion in revenue, up from 482 million and 43 cents per share a year earlier. CFO Robert J. Clanin cites strong volume growth.
MENTIONED IN THIS ARTICLE
Atlanta
United Parcel Service
UPS
Robert J. Clanin
Also Mentioned on This Page
Dow Soars
Nyse
BizFacts
The
Kat
HON Industries
Nyse Index
Richard Yamarone
Argus Research Corp
Xerox
the Document Company
WWW
Xerox.com
Xerox Sales Office
Xerox Corporation
First Ave
Cedar Rapids
Midwest Document Systems, Inc
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