U S to impose trade sanctions on EC
The Clinton administration will apply partial trade sanctions against the 12 nation European Community for failing to fully resolve a dispute over government contracts. Kantor says sanctions target bidding on U S government contracts and reflect only the portion of the penalties related to telecommunications issues. The move aims to pressure EC into broader concessions while signaling momentum toward the Uruguay Round talks and a path to a larger US market in power generating equipment.
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Tokyo
Indoor air quality conference debates carpet fumes health risk
A three day Baltimore indoor air quality conference discusses claims that fumes from new carpeting killed laboratory mice and could harm people. Rosalind Anderson and industry researchers present opposing studies while a Cornell professor argues normal carpeting poses no health risk. Vermont Senator Bernie Sanders urges stronger safety action and EPA scrutiny.
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Grain futures at Chicago Board of Trade report
AP tally shows wheat corn oats and soybeans futures with May July Sep and Dec contracts. Prices move in narrow ranges with daily gains and losses and open interest figures noted, reflecting active trading and speculative interest in grains.
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Chicago Board of Trade
Market declines eased by airline surge on Wednesday
The Dow fell 4.05 to 3439.44 amid weak economy sentiment while airline shares rose, narrowing declines after a third straight down day. NYSE volume reached 288.60 million as of 4 p.m. EST with declines outpacing advances and mixed moves across major indices.
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