Traders lift profits as tech sells and Beatles’ boom noted
Stocks fell on profit taking with tech shares leading losses after Digital Equipment miss and Microsoft earnings not meeting hopes. The Dow dropped 29.07 to 6061.80 as Nasdaq slid while Allied Group rose and United Technologies eased. In Iowa, 21 stocks rose, 19 fell, five unchanged amid broad market mood. The Beatles report a record year with 6 million catalog sales and 13 million for two new anthologies, while Terra Industries and Fastenal posted quarterly results. Treasury two-year yields fell to 5.93 percent in Tuesday’s auction with a 5 percent coupon.
MENTIONED IN THIS ARTICLE
Digital Equipment
Microsoft
Dow Jones
New York Stock Exchange
Iowa
Allied Group
United Technologies
Beatles
Geoff Baker
Baker
EMI Record Company
Treasury
DigitalEq Hospital
EMC Corp
American Stock Exchange
IvaxCp
SunMics
Intel
Amex
Cho
Ind
Biotech
Computer
Standard & Poor's Indust
Insurance
Indust Wn
Ani
Saat
Telecom
Utilities Transpt
Transport
Wilshire Associates
Associated Press
Etiquette coaching seen as edge in corporate climb
Chicago business leaders report etiquette seminars boosting careers. Gloria Petersen teaches grown up manners at $495 for one day or $2,000 for a group, with clients from 20s to 50s. HR exec Tim Janisch notes social grace gaps despite tech skills. Randy Cross says instruction covers dressing, networking, and card handling for better job prospects.
MENTIONED IN THIS ARTICLE
Gloria Petersen
Chicago
Petersen
Tim Janisch
LaSalle Northwest National Bank
GM settles Canada strike ending 46 000 North American work stoppage
GM and CAW reach a three year contract ending a three week walkout by 26 300 Canadian workers. The deal includes a 10 percent wage rise and protections for 3500 workers at Windsor and Oshawa plants with buyouts about 31000. US Mexico layoffs to follow as parts supply resumes.
MENTIONED IN THIS ARTICLE
Toronto
General Motors
Canada
North America
U.S
United States
United Auto Workers
Detroit
CAW
Buzz Hargrove
Dean Munger
GM Canada
Hargrove
Windsor
Oshawa
Ontario
Copper trader Hamanaka arrested in Sumitomo forgery case
Yasuo Hamanaka, 48, a former Sumitomo copper trader, was arrested on forgery charges amid unauthorised deals costing about 2.6 billion dollars over ten years. Prosecutors say forged documents tied to Merrill Lynch trades. Sumitomo officials defend internal only involvement. Merrill Lynch denies liability.
MENTIONED IN THIS ARTICLE
TOKYO
Sumitomo Corp
Sumitomo
Yasuo Hamanaka
Merrill Lynch & Co
Tokyo Public Prosecutors Office
Naoki Kuroda
Masatomo Sumitomo
Hamanaka
Kuroda
Japan
Merrill Lynch
James Wiggins
U.S
CompuServe Doubles Loss Estimate Amid Online Service Troubles
CompuServe Inc. sharply raised its expected quarterly loss as delays in shipping new software to 3 million subscribers hit results. The Columbus firm warns of 22 to 27 cents a share loss for Q2, a bigger hit than prior guidance, while AOL dominates the market and cheaper Internet browsers lure customers away.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
CompuServe Inc
America Online
Internet
CompuServe
CompuServe Interactive
Also Mentioned on This Page
Terra Industries
Terra Industries Inc
Sioux City
Terra
Fastenal
Fastenal Co
Cedar Rapids
Employment Agency
Tribune
al Rights
New Orleans
Randy Cross
Schaumburg
Recnti
Canadian Auto Workers Union
Mark Mooradian
Jupiter Communications
United States Postal Service
Palo
James E. Doumit
Kansas City
USPS
64Th Street
Overland Park
NCAA
Credit Cae
S&p
Financial News
The
Gazette Freign filmMc
KCRG
Cedar Rapids Photo Copy
Guaranty Bank & Trust
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