July Retail Slump Eases As Spending Edges Up
U S consumer spending warms in July with a 0.6 percent rise, while wholesale prices fall a record seventh straight month led by cars, heating oil, and fruit. Auto sales up 1.0 percent amid discounting. economists see modest growth with inflation under control and Fed rate timing unchanged.
MENTIONED IN THIS ARTICLE
USS
Commerce Department
Labor Department
Bill Thomas
Wall Street
Federal Reserve
Fed
Anthony Chan
BankOne
Marilyn Schaja
Donaldson
Lufkin
Jenrette
Jobs drives Apple changes to restore startup roots
Steve Jobs directs Apple to cut sabbaticals and severance while boosting stock options to about 20 million, aiming to reorient the company toward egalitarian, entrepreneurial roots. Directors approve 6 million new options. executive bonuses are replaced with more options. sabbaticals end after the current fiscal year. severance pay reduced to 60 days plus a year’s pay per year employed.
MENTIONED IN THIS ARTICLE
Cupertino
Calif
Steve Jobs
Apple Computer Inc
Apple
Jobs
Pixar Animation Studios
Richmond
Silicon Valley
Mark Gonzales
Gilbert F. Amelio
Market rounds and cattle quotes from St. Josephs MO and area
Local price quotes show wheat soybeans milo and corn at multiple elevators with midweek values. Cattle supplies reduced while slaughter cattle prices drift higher amid rain rejuvenating pastures. Feeder steers and heifers mixed by weight. hogs firmer on Tuesday and 104,200 head confirmed for the week to date with 31 percent contracted.
MENTIONED IN THIS ARTICLE
St. Josefh
USDA
Dongs Crry
Cattle and Hog Prices At Omaha Market Wednesday
Commodities cattle and hog sales show feedlot net weights after a 4 percent shrink. Slaughter steers ranged from 59.00 to 65.00 per hundredweight across various weights and grades. Slaughter heifers mostly 62.50 to 65.00. Hog prices fell 0.75 to 1.00 per cwt with US 1-3s at 55.00 for 220-260 lb. Sows weak to 1.00 lower, 350-650 lb 45.00-49.00. Sheep listed as none.
MENTIONED IN THIS ARTICLE
Oman
New
Omaha
U.S
New area code disrupts cellular phone use for prepaid
Southwestern Bell prepaid cellular customers report outages after the 785 area code switch at midnight July 20. The system misreads 785, accepting 913, causing many to receive calls poorly. Company plans 30 day time extension and up to $20 credits. reprogramming available at stores. 913 will stay active through October 1998.
MENTIONED IN THIS ARTICLE
Southwestern Bell
Adrienne Kastens
Kastens
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Journal-Worb Business Horror
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