Market calm returns as Fed rate hike anxiety fades
Wall Street eased from earlier panic as positive data amid Asia weakness dampens fears of a rate rise. Traders see a muted Fed outcome, with the Dow lingering around 9,000 in a cautious trading range while awaiting further earnings and global developments.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Wall Street
Fed
Open Market Committee
Barry Hyman
Ehrenkrantz King Nussbaum
U.S
Wall Street Journal
FOMC
Dow Jones
Alan Greenspan
Stan Weinstein
Hyman
Asia
Indonesia
Glickman cautions on farm bill tax shelter idea
Agriculture Secretary Dan Glickman warned that a tax-deferred farm income shelter could help farmers only in positive cash-flow years, calling it not a quick fix for current woes. The Grassley-Baucus FARRM proposal would let up to 20 percent of income go to tax-deferred accounts for up to five years, with taxes due when withdrawn.
MENTIONED IN THIS ARTICLE
Washington
Dan Glickman
Glickman
Charles Grassley
Lowa
Max Biancus
D-Mont
FARRM
National Farm Bureau
Glickiman
Paryiig
Glickmiin
Harry Bateaw
New Beetle recall eases fears after debut hype
Volkswagen recalls all 10,000 New Beetles sold in North America to fix wiring risking engine fires. Repairs take under an hour and will be free to owners, with VW covering costs. The recall affects about 8,500 US and 1,600 Canada sales, and VW has notified owners by express mail with a toll free line and outreach to ensure quick, smooth service. Analysts say the move should not dampen demand and may require extra goodwill to satisfy early buyers.
MENTIONED IN THIS ARTICLE
North America
Volkswagen
Wes Brown
Nextrend
Thousand Oaks
United States
Canada
Heinz weighing move to Pittsburgh headquarters shift
Heinz is considering relocating the headquarters of its major U S divisions to Pittsburgh, potentially adding nearly 1000 jobs. Units under review include Heinz pet products and StarKist tuna based in Newport Kentucky, Ore Ida Foods in Boise Idaho, and Weight Watchers in Woodbury New York. Concerns remain about manufacturing presence in candidate cities. Chief Executive William R Johnson says he has not ruled out consolidation as part of a broader efficiency drive and global realignment by product category.
MENTIONED IN THIS ARTICLE
Pittspurghh
H.J. Heinz Co
U.S
Pittsburgh
Heinz
Pet Products
StarKist Tuna
Newport
Ore- Ida Foods
Boise
Idaho
Weight Watchers International
Woodbury
N.Y
Lawrence
Kan
Topeka
William R. Johnson
Johnson
Also Mentioned on This Page
KniGut Ridder Newspapers
le Alses
Somme
Lincoln Merrihew
J.D. Power and Associates
Ling Tura
Keyes
I T
Pame
Journal Warp
Jayhawk Club
Jack Gillespie
Regional
Iquinvestmente Vlge Bankers
Prittspurgh
Post-Gazette
Tim
Pippy the Ziphead
Pete Suctearn
Avi
Poleagen
Pancseae
Coho
Lal
Sunflower Cablevision
Wakarusa
Suite
W. 23Rd St
Dillons
New Hampshire
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