Japan unveils 140 billion dollar stimulus plan
Japan announces a 140 billion dollar economic package to revive growth as ruling coalition reaches a tax cut compromise. The plan includes a one year income tax cut, a future indirect tax rise discussion, and new government spending and loans amid Tokyo Washington talks.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Morihiro Hosokawa
Clinton
Washington
Hosokawa
Mr. Hosokawa
U.S
Finance Ministry
Tomiichi Murayama
Hirohisa Fujii
USAir cuts fares to match low-cost competition nationwide
USAir lowered business and leisure fares up to 70 percent for 96 destinations in response to Continental Airlines new low-cost service. The cuts apply to short and medium haul routes and are fully refundable with no advance purchase required for business fares while leisure fares require seven days advance purchase and a Saturday night stayover. Continental and other majors said they would study and likely match in competing markets. The move follows Southwest and Delta responses as American plans selective matches.
MENTIONED IN THIS ARTICLE
New York
Continental Airlines
Usair
Dave Shipley
Continental
Shipley
Dave Messing
Southwest Airlines
Southwest Go Far
Baltimore
Delta Air Lines Inc
Berry
Delta
American Airlines
Marty Heires
Frederick center and RSCA launch after-hours child care program
The Children's Center at 270 Technology Park Frederick and Residential Services Corp of America launch extended hours to 10 30 p m weekdays and 9 a m to 5 p m Saturdays to help working parents. The pilot opens to the public with 38 RSCA children among 101 enrolled.
MENTIONED IN THIS ARTICLE
Children’s Center
270 Technology Park and Residential Services Corp. of America
Pat Schwinger
The
Donna Buck
RSCA
Kevin
Barbara Finley
ASCA
Ginny Simoneau
Frederick
Technology Park
Residential Services Corp. of America
Prudential Home Mortgage
Children’s Center Group
Ms. Simoneau
Report on U.S. and Japan auto trade barriers study
A two year joint U S Japanese study by Booz Allen Hamilton and Nomura Research Institute finds trade restrictions raise foreign car prices in Japan by up to 40 percent and notes limited market access. It cites dealership control by manufacturers, incentives, and cautious U S investment as factors.
MENTIONED IN THIS ARTICLE
Washington
Japan
U.S
Booz- Allen & Hamilton Inc
Bethesda
Nomura Research Institute
Tokyo
Associated Press
Ford Motor Co
Chrysler Corp
General Motors Corp
United States
Andrew Card
American Automobile Manufacturers Association
Japan Automobile Manufacturers Association
William Duncan
Ford
Chrysler
Nikkei rises as Tokyo settles tax dispute
In Tokyo, share prices rallied after the government resolved a tax dispute delaying stimulus steps. The Nikkei 225 gained 236.83 points to close at 20,251.23, while the dollar weakened to 168.70 yen, down 0.16 yen.
MENTIONED IN THIS ARTICLE
Tokyo
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