Wall Street bulls resume their charge on gains
The Dow rose 115.09 to 8295.61 on 647 million shares at the NYSE, its first closing high in six months, as broad indexes hit records and analysts cited resilience amid Asian crisis concerns and a looming U.S.-Iraq conflict. Investors stay confident about profits, employment, and consumer confidence.
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EW York
Iraq
Clinton
Wall Street
New York Stock Exchange
Dow
Standard & Poor
U.S
Barry Hyman
Ehrenkrantz King Nussbaum Inc
New York
Pacific
Asia
Ted Theodore
Avatar Associates Inc
Dow Rebounds as Tech Leads rally after Asia concerns
Charlene Margeson of Bloomfield says her family holds stock and plans to stay patient amid Asia uncertainties. First Call reports three quarters of large U.S. firms beat profit forecasts, with IBM and Hewlett Packard driving the Dow gains as technology stocks rebound.
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Financial District
Charlene Margeson
Bloomfield
N.J
Asia
U.S
Wall Street
First Call Corp
IBM
Hewlett-Packard
Dow
EPA to require annual water contaminant reports nationwide
The EPA proposes rules to require over 56 000 community water systems to include in annual bills or local postings details on water sources contaminants and health risks when standards are exceeded. The plan aims to give consumers a clear snapshot of tap water safety with a 45 day public comment period before finalization later this year. full implementation could start by 1999.
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Ashington
Environmental Protection Agency
EPA
Carol Browner
Peo
Congress
Clinton
Food and Drug Administration
FDA
West Coast storm largely passes with more on the way
San Francisco reports light rainfall with up to an inch in coastal hills and the Central Valley. Last week’s floods caused at least 275 million dollars in damages and seven deaths. Officials warn of more storms Thursday and Saturday as ground remains saturated. In Rio Nido, 26 homes were cleared and over 200 more urged to evacuate. About 1,500 people still in shelters statewide.
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San Francisco
California
Central Valley
Kathy Bailey
Central Coast
Emer
Rio Nido
Russian River
Frank Sinatra Hospitalized for Tests Amid Cancer Rumor
Frank Sinatra was hospitalized at Cedars-Sinai Medical Center for non emergency tests after a newspaper report linked blood in his urine to possible bladder cancer. The 82 year old singer, recovering from a heart attack 13 months earlier, remains in the hospital with statements denying serious illness.
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Los Angeles
Frank Sinatra
Cedars-Sinai Medical Center
Susan Reynolds
Air Force base cuts hit several states in new plan
The Air Force announced cuts and consolidations across Texas Nebraska and California with some moves directed by Congress. Georgia gains depot maintenance jobs from McClellan California and Kelly Texas. Offutt Nebraska faces job losses as EC-135 Looking Glass duties shift to the Navy. California losses at McClellan Onizuka and privatization costs. Texas reductions at Kelly include depot work and air intelligence streamlining. Robins Georgia adds thousands of military and civilian posts through 2001.
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Ashington
California
Texas
Nebraska
Air Force
Congress
Georgia
McClellan Air Force Base
Calif
Kelly Air Force Base
Pentagon
Defense Department
Offutt Air Force Base
Neb
Navy
Offutt
McClellan
Tobyhanna
Onizuka Air Station
Air Intelligence Agency
Kelly
Oklahoma
Tinker, Air Force Base
Moody
Air Force Base
Robins
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