Late market rally halts 200-point Dow slide
U S stocks fell on Friday but a late rally trimmed a 186-point intraday drop and left the Dow Jones at 7,640.25. The week saw a 411.43-point decline, with the market volatile amid Asia crisis fears and expectations the Fed may delay rate cuts as wages climb.
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Jim Weiss
Equities
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Three Die In Fires In California And Virginia
In Moreno Valley California a family using candles after power was shut off died in a 1 am house fire. A 39 year old woman her 4 year old son and an 18 year old male friend were found in an upstairs room. A 15 year old son was rescued from smoke injuries. In Falmouth Virginia three siblings ages 9 12 and 7 died in a townhouse fire after the outage. Their mother and another child escaped.
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California
Virginia
Moreno Valley
Calif
Falmouth
Riverside County
Mark Lohman
Lohman
Los Angeles
Curt Alvis
Nebraska must pay for Boys Town state wards education
The Nebraska Supreme Court ruled the state must cover about 2 million dollars yearly to educate state wards at Boys Town. Back payments could total around 11.5 million dollars to Father Flanagan's Boys Town and similar facilities, prompting lawmakers to seek funding or legal changes.
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Nebraska
Lincoln
Neb
Nebraska Supreme Court
Boys Town
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Mike Rumbaugh
Seng of Health and Human
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Boy's Town
Peter
Plan to motorize cable-car turnaround faces concerns
In San Francisco a proposed 30 million plan to motorize the cable-car turnarounds draws mixed reaction. Mayor Willie Brown backs the plan citing worker injuries while unions support preservation of the mystique. Operators warn of long-term strain from the current 180 degree turns.
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San Francisco
Willie Brown
Transport Workers Unions
Dee Dee Workman
al Grimaud
Burton admits to extramarital affair and paternity
Indiana congressman Dan Burton acknowledged Friday an extramarital relationship in the early 1980s and that he fathered a child. He apologized to his wife and constituents and said he sought to take responsibility while keeping the matter within his family and the woman's.
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Dan Burton
Indianapolis Star Report
Indiana
Burton
House
Clinton
Monica Lewinsky
John Williams
Senate
the Star
Barbara
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