Consumer spending up in September signals moderating economy
Commerce Department data show personal income up 0.4 percent and spending rising 0.2 percent in September, with July and August revisions. Despite a strong third quarter, analysts warn growth will slow, aided by weak jobs and high debt, as shoppers curb durable goods outlays and the savings rate edges higher.
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Washington
Commerce Department
Cheryl Katz
Merrill Lynch & Co
Marilyn Schaja
Donaldson, Lufkin & Jenrette Securities Corp
Clinton
White House
Barron’s
Texas Instruments
Intel
Whittington
Treasury
NatWest
Schlumberger
Halliburton
Baker Hughes
Tokyo
Frankfurt
London
CAC
Paris
Jacques Chirac
Dow Advances as Tech and Transport Lift Markets
The Dow rose 14.82 to 4756.57 led by transportation and technology shares amid a rally fueled by strong third quarter GDP growth. Nasdaq and NYSE futures gained while bond yields edged higher as Treasury bills showed mixed results in Monday auctions.
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NEW York
Transportation
Ology
Dow Jones
New York Stock Exchange
T DeMarco
Hsbc Asset Management Americas
Rce
Mr. DeMarco
Dow Transportation
Burlington Northern Santa Fe
Delta Air Lines
Microsoft
Morgan Stanley
SoundView Financial
Richard Whittington
Daiwa Bank Faces Pullback by Japanese Investors
Daiwa Bank loses faith of major clients after a $1.1 billion trading loss by a New York trader. The Ministry of Posts and Telecommunications and other big customers are withdrawing, signaling waning confidence despite the bank's still-high ranking in managing Japanese pension funds. Analysts warn the withdrawals may slow Daiwa’s efforts to purge bad loans.
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Tokyo
Daiwa Bank
Japan
Ministry of Posts and Telecommunications
Daiwa
New York
Saat
Jarius Dwarf
M.R. Beal & Co
Women face equal danger on the job study says
An Albany based study shows women suffer violence at work at rates similar to or higher than men with nurses aides teachers and health care workers among the most at risk. About 260000 women yearly face workplace violence including rapes beatings and assaults causing time off from work.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Center For Women In Government
State University of New York At Albany
American Federation of State
U.S. Bureau of Labor Statistics
Sharon Harlan
Harlan
Crown Central reports small Q3 profit on sales rise
Crown Central Petroleum Corp, based in Baltimore, posted third quarter earnings of 300 thousand dollars or three cents a share after a loss of 26.6 million dollars in the year-ago quarter. Revenues reached 475 million dollars, up from 468 million a year earlier.
MENTIONED IN THIS ARTICLE
Baltimore
Crown Central Petroleum Corp
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