Stocks edge lower as Dow nears six-month high
Markets paused after a two-week rally with the Dow slipping 8.97 to 8180.52 as volume reached 542.54 million on the NYSE. Eastern Iowa stocks mixed 17 gainers, 21 losers, four unchanged. AOL raises unlimited access fee, stock jumps 12 percent.
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FDIC under fire for year 2000 computer fixes
House Banking Chair Rep. Jim Leach warns the FDIC may not meet its own Y2K readiness standards after auditors found the agency had not completed assessments of 6 critical systems. FDIC officials say 34 of 40 mission critical systems have been reviewed, with six remaining.
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House Banking Committee
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Dissatisfied minority women managers may quit study says
The Catalyst survey finds Black, Hispanic and Asian American women in management largely dissatisfied with advancement, with 22 percent planning to quit and 25 percent of Black women, 17 percent of Hispanic and 10 percent of Asian American respondents intending to leave. The study warns firms risk losing talent in a tight labor market.
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New York
Catalyst Research Group
Sheila Wellington
Catalyst
Wellington
Teamsters Reach Trucking Contract
Washington AP The Teamsters and major trucking firms announce a new five year contract raising wages and pension benefits The agreement restores the right to strike over grievances and limits use of part time workers With the old pact expiring in March the industry sought an early settlement to prevent customers from switching to non union carriers The deal includes a $750 signing bonus in year one and 35 cent per hour raises each of the next four years bringing top pay to 19 86 an hour
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Washington
Teamsters
FTC orders cigar makers to report earnings and ads
The FTC directs five leading cigar firms to file 1996 and 1997 sales and ad spending by brand, including payments to motion pictures. The move may pave the way for health warnings on all cigar ads. Firms include Swisher, Consolidated Cigar, General Cigar, Hav-A-Tampa, and John Middleton, with filings due April 9.
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FTC
Federal Trade Commission
Swisher International Group Inc
Darien
Premier Parks Buys Six Flags, Rank Rises to No 2
Premier Parks Inc. agrees to acquire the Six Flags chain from Time Warner for 965 million dollars. The deal makes Premier the second largest U S park operator behind Walt Disney with 25 parks in 14 states and rights to Time Warner cartoon characters. It surpasses Anheuser Busch and Seagram in rankings.
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