US Europe reach contract accord amid trade talks
The new deal, labeled very balanced by EU trade chief Sir Leon Brittan, excludes certain sectors and imposes price preferences for European suppliers in telecom purchases. Kantor asserts more than 200 billion in bets hinge on the accord, which opens U S firms to compete for public finance in 39 states and grants access for European heavy electrical equipment firms to the U S market.
MENTIONED IN THIS ARTICLE
European Union
Leon Brittan
Kantor
United States
Brittan
U.S
Economic indicators show unusual drop in inflation rates
The center notes a decline in inflation rates locally and nationally since early 1993, with Rex calling it highly unusual during an expansion. It cites falling prices for food, beverages, and gasoline, and reduced transportation costs in the first quarter.
MENTIONED IN THIS ARTICLE
Tom R. Rex
Market Dips as Traders Skeptical Despite Positive Signals
Market falls sharply as traders ignore favorable inflation, rate, and earnings signs. Despite upbeat economic news, doubts persist about inflation trends and growth, with technology shares leading declines for the second straight session. Traders weigh inflation, rates, and earnings as market movers while staying cautious.
MENTIONED IN THIS ARTICLE
Mre Ag War Sr
Rae Ke Ee
Company reports 11.7 million revenue and net income for year
The firm posted 11.7 million in revenue and a net income figure not disclosed for the fiscal year ended November 30 1993. The exact net income amount is missing in the statement.
Hospital groups consider consolidation under new leadership
Children’s Hospital executive director Laland Clabots says boards are examining a merger plan among organizations. He notes no staff cuts are anticipated from the consolidation and emphasizes careful fit of organizations under new leadership.
MENTIONED IN THIS ARTICLE
Se Ee Ee
Laland Clabots
Children’s Hospital
Clabots
Banks report record 1993 profits and 1992 gains
U.S. banks posted a record profit of 41.1 billion dollars before extraordinary items for 1993 and a price gain of 31.6 billion dollars in 1992, reflecting strong earnings across the sector.
MENTIONED IN THIS ARTICLE
U.S
Caterpillar Meeting Held Under Tight Security
At a desert resort in Tucson Caterpillar Inc. held its annual meeting under heavy security. Chairman sparred verbally with a union official who used the event to repeat his stance on a bitter labor dispute and the company’s position that it would be willing to resume talks.
MENTIONED IN THIS ARTICLE
Tucson
Caterpillar Inc
Alc
Consumers spent cautiously in March
March retail sales rose 0.4 percent to $182.26 billion, modest gains masking slower growth. Inflation cooled in medical care, prices up 0.2 percent for a second month, while overall consumer costs rose 0.3 percent. Analysts see moderating growth, Fed expected to keep raising real rates, and concerns grow over debt, wages, and low saving. nondurable goods slipped slightly, with some sectors posting small gains in clothing and general merchandise.
MENTIONED IN THIS ARTICLE
Washington
Irwin Kellner
Chemical Bank
Federal Reserve
Fed
Laurence Meyer & Associates
St. Louis
Lawrence Lindsey
Baltimore
Acd Thensnainn
Counteien Tie Canton
Electronics entrepreneur shares basics of federal contracts
Eugene Rosen from NASA outlines how small electronics firms win government work at the Arizona NASA mall Aerospace Conference. He notes about $63 billion of the $190 billion federal yearly spend goes to small businesses and urges proper bidding, forms like SF 129, and manageable project scope to avoid overreaching.
MENTIONED IN THIS ARTICLE
Nyma
Rosen
Mal Aerospace
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Arthur H. Row
The
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Vane
United Auto Workers Local 974
Caterpillar
Donald V. Fites
New York Times
U.S. Dept. of Commerce
Eugene Rosen
NASA
Congress
Denniston
Dow Jones
Ing
Nyse Index
Essle
ATL
NYSE
Malta
S&p
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