Wall Street rises on IBM boost and jobless data
Wall Street advanced as a drop in jobless claims and IBM guidance lifted sentiment. The Dow added 65.32 to 8,713.14 while Nasdaq rose to 1,551.38 and S P 500 gained 7.39 as investors weigh earnings and the pace of the economic rebound. IBM gained 1.20 to 89.90 amid stabilizing tech demand.
MENTIONED IN THIS ARTICLE
New York
Wall Street
IBM
Tony Cecin
Institutional Trading
US Bancorp
Piper Jaffray
Standard & Poor
Ed Peters
PanAgora Asset Management Inc
Computer Associates
Intuit
Tea sales surge as Americans trade more for steeped brews
National tea sales rise from about 1 billion to 5.1 billion in a decade fueled by green and specialty varieties. Tea shops spread nationwide from rural towns to Seattle near Pike Place Market, with Lipton leading 50 percent of market share. Health claims and convenience drive growth as baby boomers shift away from coffee and ready to drink teas attract younger buyers.
MENTIONED IN THIS ARTICLE
Seattle
Tea Council of the USA
Newton
N.J
Carefree
Ariz
Anoka
Minn
Susan Zuege
Perennial Tea Room
Post Alley
Pike Place Market
Starbucks
Beverage Marketing Corp
New York
Mike Spillane
G.S. Haley Company Inc
Redwood City
Calif
Spillane
Tea Council
Information Resources Inc
United States
Woodbury
Conn
Blumberg
Brigham and Women’s Hospital
Boston
Harvard Medical School
American Heart Assn
Cindi Bigelow
R.C. Bigelow Tea
Perennial
Richard Nelson
Uise
Bankruptcy filings surge while new business bankruptcies fall
Personal bankruptcies rose to 1,611,268 in the year to March 31, 2002 with total filings up 7.1 percent and consumer debt growth slowing to 3.3 percent for 2002. New business bankruptcies dropped 5.8 percent to 37,548 while Chapter 7 filings reached 1,135,436, prompting calls for 29 permanent and seven temporary new bankruptcy judgeships amid ongoing legislative battles.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
House
Senate
Bush
Federal Courts Agency
Wheat futures hit seven month highs on CBOT rally
Wheat led gains on the Chicago Board of Trade as speculative buying pushed July futures up about 3 percent to 3.38 3/4 a bushel. Corn followed higher aided by wheat buying while soybeans finished mixed amid export sales. Beef and pork futures were mixed with live cattle up and hogs down as regional price quotes from Ottawa and other elevators were listed for wheat, corn, milo, and soybeans.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Arcantile Exchange
Aquila Reports $51.9 Million First Quarter Loss
Aquila Inc of Kansas City reports a 51.9 million loss in the first quarter, 27 cents per share, blamed on trading and contract losses, higher capacity payments, and interest costs tied to its weak credit. The firm continues its shift from energy trading to core utilities, with 2002 results and 579.3 million in sales cited.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Aquila Inc
Aquila
United States
Richard C. Green
Lawrence
New York Stock Exchange
Economic reports spark deflation fears and weak job data
Economists warn deflation risks may push the Fed toward rate cuts at the June meeting. Separately, U S claims for unemployment benefits fell 13 000 to 417 000, sparking relief as continuing claims rose to 3.77 million. Wholesale prices dropped 1 9 percent in April led by energy declines, while food rose 0 9 percent. Core wholesale prices fell 0 9 percent.
MENTIONED IN THIS ARTICLE
Fed
U.S
Department
Aleve Pass
PPI
Also Mentioned on This Page
Target
Decliners
Joseph Simrany
Japan
China
Jeffrey Blumberg
Tufts University
Pao
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline
Joseph Livestock Sr
Josefh
London
Handy & Harman
K.C
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!