Stocks rebound on Wall St amid volatile session
UPI reports a choppy trading day on the New York Stock Exchange as the Dow Jones rose 12.70 from a Friday drop, amid heavy volume and fears of a 1987 style crash. Bush and Greenspan voiced cautious optimism while UAL takeover financing collapsed, triggering a broad stock selloff.
MENTIONED IN THIS ARTICLE
Wall St
New York
UPI
New York Stock Exchange
Wall Street
Dow
NYSE
UAL Corp
Far East
Paris
London
Tokyo
Hong Kong
New Zealand
Stock Exchange
Tokyo Exchange
Steve Majewski
Blunt Ellis
Fifth St
Sterling
Bush to sign 16 billion dollar sequestration order
President Bush prepared to sign an order canceling 16.1 billion in federal spending to cover the failure of Congress to meet a self imposed deadline for deficit cuts. Budget director Richard Darman warned the reductions total 16.1 billion and noted the impact will appear gradually across defense and domestic programs.
MENTIONED IN THIS ARTICLE
Washington
UPI
Bush
Congress
Richard Darman
Darman
House
William Gray
Pennsylvania
House Budget Committee
Leon Panetta
Calif
Panetta
Masked gunman nabbed in Rochelle
A masked robber armed with a .32 pistol held up The Oaks Family Restaurant on Highway 251 South Saturday morning. Jerry Teague, 26, of Rochelle, was captured at the scene by Rochelle police and an Illinois State Trooper. He admitted taking $200 and several credit cards. No one injured. Teague was jailed on a Class X Felony armed robbery charge.
MENTIONED IN THIS ARTICLE
Rochelle
Oaks Family
Highway 251 South
Illinois
Jerry Teague
Teague
Area investors stay calm amid Dow dive and jittery week
Telegraph staff writer reports local investors refuse to panic despite Friday Dow Jones drop of 190.58 points. Integrated Resources Equity Corp and Blunt Ellis and Loewi say clients aren’t panicking. traders note nervousness from junk bonds and UAL fears but bargain hunters buy on delays.
MENTIONED IN THIS ARTICLE
Integrated Resources Equity Corp
Dixon
Blunt Ellis and Loewi, Inc
Sterling
Carl Piper
Integrated Resources
S. Peoria Ave
Piper
United Airlines
UAL
Majewski
Dow
CROP Walk Attracts About 130 Walkers In Dixon
About 130 people joined Sundays CROP Walk starting at St Patrick’s Church and finishing after a two hour 6.2 mile route led by Rev Stan Rodabaugh of Dixon Church of the Brethren. Funds totals await two weeks and 25 percent will go to the Dixon Food Pantry.
MENTIONED IN THIS ARTICLE
Telegraph
Mark Sauer
Stan Rodabaugh
Dixon Church of the Brethren
St. Patrick's Catholic Church
Dixon Food Pantry
Bush clean fuel plan falters amid House backlash
President Bush touted a bold clean air push to raise use of methanol ethanol and compressed natural gas vehicles. Weeks into debates the plan stalls after Rep. Dingell and Rep. Lent back an amendment removing the 1 million alternative-fuel car mandate starting 1997. Critics cite economics safety and government market intervention as key concerns.
MENTIONED IN THIS ARTICLE
Washington
Bush
House
John Dingell
Dmich
Norman Lent
R-N-Y
House Energy and Com
Merce Subcommittee On Health and the Environment
Dingell
Environmental Protection Agency
GOP
White House
Unmerry Christmas Grinch Network In AIDS Protest
An underground group calling itself Grinch and named Gay Retaliation for Inexcusable Negligence and Criminal Homophobia circulates leaflets urging AIDS activists to disrupt the holiday season. The plan, dubbed Operation Grinch, targets traffic, department stores, airline lines, and ATMs starting November 24.
MENTIONED IN THIS ARTICLE
San Jose
Calif
UPI
Dr. Seuss
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FEC
Federal Reserve
SEC
Security and Exchange Commission
Secretary of the Treasury
Tor More
Fed
Alan Greenspan
Lee Stocks
Lee Bush
Bill Fromm
Ogle County
Rochelle Police Department
Ken Woolbright
Woolbright
Iowa
Ogle County Police
Ner
Auto
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