Stocks rally as Greenspan testimony eyed after gains
Investors push blue chip stocks higher with the Dow up 165.32 to 10,946.77 and the Nasdaq at 2,489.66 as trading volume dips. GE rose 1.29 to 46.95 and Wal Mart advanced 3.05 to 53.45 amid strong retail strength and earnings expectations. In Britain, pay phones decline as BT halts K6 booth installations ending the era of red phone boxes.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greenspan
Wall Street
Standard & Poor
New York Stock Exchange
Iowa
NBC
Wal-Mart
Britain
British Telecom
Industrial Transport
EMC Corps
LucentTech
GemElecs
NokiaCore
NortelNet
American Stock Exchange
Oracle
Sun Micros
Amex
Biotech
Standard & Poor's Finance
Telecom
Santa Monica
Calif
Totel
Associated Press
T-bill auction yields dip as rates hit new lows
The Treasury sold 11 billion in three month bills at 4.900 percent and 10 billion in six month bills at 4.745 percent both declines from last week. The Fed reported one year bill yields rose to 4.72 percent from 4.66 percent. Google acquired Deja com adding more than 500 million messages to its search engine.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Google Inc
Deja.com
Deja
Dejanews
Usenet
New York
MetLife to Enter Retail Banking Through Grand Bank Acquisition
The Federal Reserve approved MetLife Inc to become a bank holding company and buy Grand Bank N A of Kingston New Jersey. Grand Bank holds 83.8 million dollars in assets and one branch. MetLife based in New York raised 2.88 billion dollars in an IPO last April as it converted to a public company from policyholder ownership.
MENTIONED IN THIS ARTICLE
Federal Reserve
MetLife Inc
Grand Bank N.A
Kingston
N.J
Grand Bank
MetLife
Management-led buyout completes RiversideWorld deal
A management group led by Seaman A. Skip Knapp III has completed the buyout of RiversideWorld from Jordian Industries Inc. RiversideWorld, founded in 1943 as Riverside Book & Bible House, is a major Bible publisher through World Bible Publishers. Terms of the transaction were not disclosed.
MENTIONED IN THIS ARTICLE
RiversideWorld
U.S
Seaman A
Skip” Knapp III
Jordian Industries Inc
Chicago
Riverside World
Riverside Book & Bible House
World Bible Publishers
Privacy pledge tested as groups push federal safeguards
A broad coalition urges federal action on consumer privacy pledging strong standards and consumer rights to remove or correct personal data. They seek clear use disclosures, hacker protection, redress rights, and support for state and private sector implementation alongside industry tools to cloak identities.
MENTIONED IN THIS ARTICLE
Washington
Coalition
Barry Steinhardt
American Civil Liberties Union
Bush
Family runs graphics shop with kids on site in West Branch
Brian and Tamara Foreman age 30 operate Kingdom Graphics at 107 N Downey West Branch with their three sons Elijah 5 Noah 3 and Isaiah 1 often joining them at work. The family designed vinyl lettering T shirts and embroidered gear while keeping the kids in a play area and contributing to the business and design process.
MENTIONED IN THIS ARTICLE
Rochester
Brian
Moline
Tamara
Buzz Orr
Brian Foreman
Noah
Elijah
Kingdom Graphics
West Branch
Foreman
Isaiah
Greenspan expected to signal more rate cuts ahead
Fed Chairman Alan Greenspan may outline further rate cuts despite optimism for a second half rebound. Analysts expect him to stress improving growth prospects while the economy shows signs of stabilizing, with consumer spending and job growth improving in January.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Fed
Greenspan
Congress
Mark Zandi
Economy.com
Pennsylvania
Sung Won Sohn
Wells Fargo
Minneapolis
Ford Navistar to form joint venture for trucks in Mexico
Ford Motor Co and Navistar International Corp plan a 50 50 venture to produce Class 6 and 7 medium duty trucks in Mexico. The alliance covers shared chassis design and expanded diesel engine programs with equal board representation and no cross equity stakes. Production will target North America under Ford and International brands.
MENTIONED IN THIS ARTICLE
Dearborn, Mich
Ford Motor Co
Navistar International Corp
Mexico
Ford
Navistar
North America
Zale Corp shares fall after CEO’s resignation
Zale Corp. stock dropped as chairman and chief executive Beryl Raff resigned to spend time with family and personal interests. Robert J. DiNicola, former Zale boss, replaces her, with no comment from Raff or DiNicola. The Irving based retailer operates about 2,300 stores and kiosks nationwide.
MENTIONED IN THIS ARTICLE
Dallas
Zale Corp
Beryl Raff
U.S
Zale
Robert J. DiNicola
Raff
DiNicola
New York Stock Exchange
Zales, Bailey, Banks & Biddle Fine Jewelers
Gordon's Jewelers
Also Mentioned on This Page
Djia
Google
Management
BizFacts
Catalyst Research
Pat Carf
Paul Trap
Krt
Federal Trade Commission
Mom
W. Branch
By Marlene Lucas
Florence
Darrell Dallege
Darrell
Little Fingers
Zales Stockiags
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!