Markets rally as Dow gains over 200 points amid United strike vote
Investors push stocks higher with the Dow up 217.96 to 10,586.82 and the Nasdaq at 1,859.32. United Airlines mechanics vote looms after a Feb 18 pact as a possible midweek walkout nears. Grain and soy prices slip while mortgage delinquencies ease in Q4 2001. Treasury sells 3 and 6 month bills with higher rates.
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New York Stock Exchange
Toyota
United Airlines
United
UAL Corp
United Mechanics and Aircraft Cleaners
Treasury
Treasury Department
NCS Pearson Wins Big Federal Contracts Amid Education Push
Pearson PLC reports NCS Pearson secured $250 million in new federal contracts starting 2002 including a $103.4 million TSA contract for recruitment testing and hiring of 30,000 airport screeners by November 19. A separate five-year, $140 million INS call-center contract in Barbourville, Kentucky was won.
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NCS Pearson
Bush
Pearson PLC
England
Marjorie Scardino
Trans
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Pearson
National Computer Systems
NCS
David Hakensen
U.S. Dept. of Transportation
Arlington, Va
Government Solutions
Iowa City
Hakensen
Iowa City Opera
Tion
U.S
Financial Times Group
Gores weighing bid to take over Global Crossing
Los Angeles firm Gores Technology Group plans a competing offer to take over Global Crossing Ltd as it seeks Chapter 11 protection. The bid aims to top Hutchison Whampoa and Singapore Technologies Telemedia offers, with a minimum around 800 million including a 40 million penalty fee. It faces opposition from creditors and scrutiny over potential conflicts of interest.
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Global Crossing Ltd
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Global Crossing
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Los Angeles Times
Gores
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Gores Technology
The
Learning Co
Fleet National Bank
New York Times
Gary Winnick
Singapore Technologies
Cuba Signs $32 Million Round Of U S Food Contracts
The Cuban government signs a new round of food purchases from U S agricultural firms totaling about 32 million dollars. Archer Daniels Midland will supply 150000 tons of wheat soy corn and rice for delivery starting next month. Alimport and a U S subsidiary of a French company are contracting for additional grain and poultry. The move follows past deals and hints at expanded U S Cuba trade.
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U.S
Cuba Trade and Economic Council
Archer Daniels Midland Co
Decatur
Ill
Cuba
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Northrop Grumman to Press Hostile Bid for TRW
Northrop Grumman will pursue its hostile bid for TRW after TRW rejected a 5.9 billion offer. TRW warned the proposal undervalues its leadership positions in space, defense, information systems and automotive parts. TRW asked shareholders to hold actions until March 15 while evaluating the bid.
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Northrop Grumman Corp
TRW Corp
Space, Defense
TRW
Northrop Grumman
Randy Belote
Winter hurts Monticello snow shovel firm Yeoman & Co.
Monticello firm Yeoman & Co. struggles as weak snowfall cuts orders after a strong December start. Tom Yeoman says demand collapsed by January, with production season peaking in October and shifting to garden tools during the off season.
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the Gazette
Yeoman & Co
Tom Yeoman
Yeoman
Mother Nature
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