Interest rate doubts stall stock market
The Dow fell from highs as a strong economic report fueled doubts about future rate cuts. Investors hooked on merger and media takeover chatter offset some losses, with bonds retreating after the NAPM manufacturing index rose to 50.5.
MENTIONED IN THIS ARTICLE
New York
National Association of Purchasing Management
New York Stock Exchange
Richard A. Dickson
Richmond, Va
National Association of Purchasing Rable
Eal
Federal Reserve
Fed
Federal Open Market Committee
Westinghouse to Acquire CBS for 5.4 Billion
CBS Inc agreed to a 5.4 billion cash buyout by Westinghouse Electric Corp, creating a premier broadcasting group. CBS shareholders would receive 81 dollars a share plus a contingent payment as regulators and financing approve the deal, expected to close in early 1996.
MENTIONED IN THIS ARTICLE
Westinghouse
CBS
New York
CBS Inc
Westinghouse Electric Corp
U.S
Walt Disney Co
Capital Cities
ABC Inc
ABC
General Electric Co
NBC
Pittsburgh
CBS Television
Michael Jordan
Jordan
Laurence A. Tisch
Lane Kirkland resigns as AFL-CIO president after 16 years
AFL-CIO president Lane Kirkland steps down amid a divisive succession battle. Secretary Treasurer Thomas Donahue will fill out the term, with Barbara Easterling named to replace him, becoming the federation’s first female top officer. Campaign dynamics frame the leadership contest as rival groups rally support and challenge the current leadership.
MENTIONED IN THIS ARTICLE
Chicago
Lane Kirkland
Afl-Cio
Kirkland
Federation
Thomas Donahue
Barbara Easterling
The
Communications Workers of America
Donahue
Aflcio
Merchant Marine
Council
Rex Hardesty
George Meany
Mr. Kirkland
Hardesty
John Sweeney
Mr. Donahue
Rich Trumka
Mr. Sweeney
Mr. Trumka
Sweeney
Labor Movement
Service Employees International Union
America
Trumka
United Mineworkers
Linda Chavez-Thompson
Labor Rift Surfaces as AFL-CIO Leaders Clash for Control
Labor voices clash as union leaders challenge Kirkland amid waning influence and shrinking memberships. Sweeney claims control of over 56 percent of October votes, backing by Teamsters chief Ron Carey and AFSCME head Gerald McEntee signals broad support.
MENTIONED IN THIS ARTICLE
Jose
Afl-Cio
Mr. Kirkland
Union Brothers and Sisters
Sweeney
Ron Carey
The
Teamsters
Gerald McEntee
American Federation of State, County
Also Mentioned on This Page
Economic News
Treasury
Wall Street
Japan
Frankfurt
London
Paris
Standard&Poor
Standard&Poor’s
Frederick County Advertising Federation
Frederick Community College
Katrina Bradshaw
Dial Report
Dial Corp
Phoenix, Ariz
Chicago Board of Trade
Jnt
Fcnb Bank
FCNB
WBANK
Tm FL
Giant Foods
Dow Jones
IBM Tech
Kmart
Life Tech
Unwigd
Loral Corp
Lowes
Marriott Loyola Corp
Uncigd
Avemco
MCI Comm
Balt GE
Mercantile Bell Ad
Shel R
Bio Whittaker
Nations Bank
A Citizens Bank
Penney
Pepsico
Potom el
Coca Cola
Sears
Comsat
Crown Amer
Exxon
Fcnb Corp
Weis
F&m Banco
Asx First Unite
Ferris, Baker Watts Inc
Virginia
ERT
Ecarnat
Prince George's County
Calvert County
Montgomery County
Poolesville
Charles County
Anne Arurdal County
St. Mary's County
Maryland
FDIC
Rics
Pas
Rick
Post
Iutuel Fund Market Report Leates
Scottsdale Securities, Inc
Discount Stock Brokers
Ality
Quick & Reilly
Waterhouse
Menil Limch
Meili Lynch
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