Weakness in tech stocks spurs market fall
Investors fled high tech shares as Yahoo, Intel, and Cisco warned of weak earnings, pushing the Nasdaq below 2000 for the first time in 27 months and dragging the Dow down about 436 points. Broad losses followed amid concerns over rates, earnings, and lingering economic weakness.
MENTIONED IN THIS ARTICLE
Wall Street
Standard & Poor
New York
Yahoo
Intel
Cisco Systems
Jim Jordan
Lexington
Dow
S&p
Cisco
Microsoft
Bill Barker
Daii Rauscher
Merck
Philip Morris
J.P. Morgan
Barker
Federal Reserve
Senate
House GOP Pushes to Expand Bush Tax Cut Plan
House Republican leaders pressed to add measures targeting capital gains taxes and retirement accounts to President Bush's 1.6 trillion tax cut package. They seek higher IRA and 401(k) limits, quicker expensing of computers, and a capital gains cut, while facing Senate resistance and opposition from reform voices.
MENTIONED IN THIS ARTICLE
House Gop
Washington
Bush
House
Dick Armey
Texas
Armey
National Association of Broadcasters
Rob Portman
Obio
Ben Cardin
D-Md
Trent Lott
Senate
Lott
Miss
Treasury
Robert Rubin
Federal Reserve
Paul Volcker
Concord Coalition
Rubin
Volcker
Congress
Families USA
Shuttle Discovery crews finish second spacewalk at space station
Astronauts Andrew Thomas and Paul Richards completed wire connections and fixed a sticky solar-panel latch during a nearly 6.5 hour spacewalk to prep Alpha for the robotic arm and a new crew. They installed a platform on Destiny, a spare pump, and checked a faulty static monitor on Alpha.
MENTIONED IN THIS ARTICLE
Space Station
Shuttle
Alpha
Jim Voss
Susan Helms
Yuri Usachev
Voss
Helms
Thomas
Richards
U.S
Destiny
U.S. air travel set to top 1 billion yearly by 2012
FAA forecasts show domestic and foreign takeoffs and landings rising 39 percent from 26 million in 2000 to 36 million in 2012, with passengers climbing to 1.2 billion. Officials warn the system nears saturation, urging runway expansion while fares stay low and delays persist. Cargo flights also rise from 1,073 to 1,760 by 2012.
MENTIONED IN THIS ARTICLE
Washington
United States
Federal Aviation Administration
U.S
Daniel D'Agostino
Newark
N.J
National Air Traffic Controllers Association
FAA
John Rodgers
Rodgers
Southwest
Transportation Department
Bureau of Transportation Statistics
David Swierenga
Air Transport Association
Also Mentioned on This Page
Dow Jones
MI Jason
MSN MoneyCe
Fed
Dan
Mami Sas O
Cy Set
Rept Uy
Salloft
Steve Stringham
Eddie Adams
Charlie Gwin Paola
Ottawa
Aoka
Garnett
Churcday
Maoger
S. Cedar
FarlyTieme
the Lawrance, KS
Deater
Toth & Hans
Lawrence
Ksth
S Aale
Otten
Sonic
92Th Avenue Emporis
BICC
Tuy
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