Wall Street slides as retail sales disappoint investors
Sluggish retail sales sparked profit taking on Wall Street with the Dow dropping 69.41 to 8491.22 and the Nasdaq and S&P 500 also lower. Kohl’s profit warning weighed, while Gap rose on solid April sales. Pixar, Reliant Resources, and AT&T faced declines from earnings or downgrade news.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Kohl's
Joseph Battipaglia
Ryan Beck & Co
Dow Jones Industrial
Standard & Poor
Pixar
Energy Company
At&t
Cibc World Markets
Ohio Amish Exemption From Workers' Comp Bills Moves Forward
Ohio lawmakers approve a bill to exempt members of recognized religious sects such as the Amish and Mennonites from paying workers compensation premiums if insurance contradicts their religious beliefs. Gov. Taft backs the measure as Akron-area businessman Atlee Kaufman and peers explain they rely on church aid funds and personal responsibility.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Atlee Kaufman
Kaufman
Mount Hope
Akron
House
Senate
Bureau of Workers’ Compensation
Bob Taft
Orest Holubec
Paul Gaus
College of Wooster
Gaus
Kentucky
Pennsylvania
Michigan
Indiana
Sandy Fralich
State Workers Compensation Board
Fralich
Luther Liggett
National Electrical Contractors’ Assny
Senate Insurance Committee
Ity Insurance
Andy Raber
Raber
Kenneth Yoder
Kensington
Yoder
SARS disrupts sales for US firms tied to China
Bruce Lieberman of Sterno Group in Des Plaines says operations are affected as SARS slows Chinese production. Focus Products Group co owner Keith Jaffe bans travel to China and considers India as an alternative for manufacturing. Plass notes product development pauses and reliance on remote communication with China.
MENTIONED IN THIS ARTICLE
Bruce Lieberman
Sterno Group
Des Plaines
Ill
Sterno
Lieberman
China
U.S
Keith Jaffe
Vernon Hills
Focus Products Group
Orient
Jaffe
India
Focus
Plass
Soybeans Dip as Export Sales Fall Short of Outlook
Chicago futures extended losses for soybeans after weak weekly export sales, with soybeans finishing down slightly as wheat and corn also wavered. Corn held near flat, oats slid, and beans, cattle, and hogs showed mixed moves amid generic market pressure and upcoming reports.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Also Mentioned on This Page
Peter Cardillo
Global Partner Securities Inc
Kohl
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline
St. Joseph Livestock
St. Joseph, Mo
London
Handy & Harman
Journ
alWorld
NOUV
WVU
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