Technology rout pushes markets lower on mixed earnings
In New York, Cisco’s weak results trigger broad tech weakness as the Nasdaq slides to 1340.84 and the Dow dips 17 points. Despite some gains in Johnson & Johnson and Procter & Gamble, the Russell 2000 rises while overseas markets mostly retreat with Germany, France, and Britain down, and Japan up slightly.
MENTIONED IN THIS ARTICLE
York
Cisco Systems
Luk Heer
Gar Kaltbaum
JW Genesis
Johnson & Johnson
Procter & Gamble
Heart Ls
Genmany
France
Britain
Japan
Nasdaq marks 30 years amid today's trading challenges
Nasdaq, redefining as a technology market, marks 30 years but faces issues. The 1999 surge faded to a 50 percent drop by 2000, while decimal pricing lags NYSE. Officials note growing volume, rising firms like Microsoft and Intel, and plans to spin off NASD control with possible IPO.
MENTIONED IN THIS ARTICLE
Yuri Apy
Plasket
New York Stock Exchange
Patrick Healy
Issuer Network
Chevy Chase
U.S
SEC
National Association of Securities Dealers
Europe
Japan
Microsoft
Intel
Securities and Exchange Commission
Spe Ean Group
Wheat futures slip on weather and demand pressures
Wheat futures on the Chicago Board of Trade slid as weather systems bring moisture to the Plains while weak export demand weighs on prices. Corn edged higher on late buying, soybeans rise on a U.S. stocks outlook, and other grain prices mixed. Live cattle and hogs show small moves in response to the session.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Plains States
U.S
Banks Tighten Credit as Economy Slows, Fed Survey Finds
A Federal Reserve survey shows banks eased lending to businesses while tightening consumer loan standards in the last three months amid a sluggish economy. Large banks report stricter rules for big and mid sized firms, with consumer credit also tightened though residential loan standards remained unchanged. The report notes lower rates aim to spur investment and spending as 2000 Q4 growth slows to about 1.4 percent, with Greenspan cautious about the near term.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ask
Seeline Bown
Alan Greenspan
Automakers face rising credit downgrade jitters in 2000
S&P weighs downgrading Ford and GM amid weak earnings and restructuring while DaimlerChrysler reports sharp drops in operating profit. Ford holds the strongest cash cushion at 16.5 billion, but downgrade risks persist. DaimlerChrysler faces losses in its Chrysler unit, 26,000 job cuts, and plant closings as cost-cutting moves continue.
MENTIONED IN THIS ARTICLE
Pete ‘ Ae
Standard & Poors
S&p
Daimler- Chrysler
Ford
General Motors
Oldsmobile
North America
Europe
DaimlerChrysler
Systemhaus
Deutsche Telekom
Chrysler
Scott Sprinzen
Red Lobster and Olive Garden Sales Rise in January
Garden Restaurants Inc reports same-restaurant sales for the four-week January fiscal month ended January 28. Red Lobster sales rose 9 percent driven by 5 percent more guests, 3 percent higher prices, and 1 percent higher check average from menu mix. Olive Garden saw 9 percent growth with a 5 percent rise in guest counts, 3 percent price increases, and a 1 percent gain in check average due to menu mix.
MENTIONED IN THIS ARTICLE
Garden Restaurants Inc
Red Lobster
Olive Garden
Crown American Realty Revenue and Profit Rise for 2000
Crown American Realty Crown American Health Trust reports 2000 total revenues of 1704 million, up 79 percent from 1999. Net income declines to 6 million from 9.3 million, with per share earnings at 1.34 versus 1.22. Q4 revenues reach 481 million as the year ends.
MENTIONED IN THIS ARTICLE
Crown American Healty Trust
Trust reports revenue and earnings in quarterly results
Trust reports revenues to 44.8 million for the same period a year earlier. Net income for the quarter was 2.3 million, down from 5.7 million for the same quarter. The board of trustees has declared dividend.
MENTIONED IN THIS ARTICLE
Board of Trustees
Project Masters Office coordinates $19.5B NIH contract
The Thurmont office of Project Masters Inc coordinates the firm’s participation in a $19.5 billion contract with NIH within a 10 year program to provide information technology services. The agency’s partners include 21 other small disadvantaged and woman owned businesses as well as large companies.
MENTIONED IN THIS ARTICLE
Project Masters
Frederick County
General Dynamics
National Institutes of Health
April O'Koren
Judi Simmins
Thia Ort
Libby Brill
Thurmont
Project Masters Inc
Elli- Dynamics
Project Master
Middletown
Westminster
Compan
Surve Pee Pro
Ject
Ser
Pirot
NIH
Libby
Government Acta
Sunny Way
Orate Prodactines
Local scientist presents paper at Chicago AIDS conference
Local scientist Dr. Mark Lewis presented findings at the 8th Conference on Retroviruses and Opportunistic Infections in Chicago. The study used a rhesus monkey model to test PRO 2000 gel and showed protection against HIV infection with prior vaginal application.
MENTIONED IN THIS ARTICLE
Chicago
Mark Lewis
Southern
Interneuron Vireo Inc
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Bellwether Citu
Wall Streets
Hassis
Sears
Ciscu
PMC
Sterra
Dow
Inte
J . SY Pea
Wednesay
Lockheed
Industria
Lowe's
Nvrvan
Orbital Binkamenca Ag
Science
Proctor & Gamble
Fofek & Decker
PennNat
Cambrex
Jcpenney
Pepsico
CSX Corp
Coca Cola
Potem el
Safeway
Constellation
Crown Amer
Sun Trust
Exxon
St. Paul
Fed Data
F&m Bancorpsrus
First Union
US Airways Tay
First United
Veriz
MCI Worldcom
WalMart
GaPacific
Weis
Unas Hcc
WEC
OAS Home Depot
O Kmart
Ermis Baker Watts
Associated Press
Crown
American Realty
Trust
MAG
Motie
Maryland
Generstn
Bankcard Group Inc
Enter- PerThe
Gling
Aircraft Owners and Pilots Association
BankCard Group
BGI
Securities Division
Frederick
Farete Paperi
Monroe Street Plaza
Rockville
SIPC
Scottrade.com
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