Wall Street ends worst week in market history
Wall Street closed with the Dow down 207.87 to 9,823.41 the Nasdaq 49.80 lower at 1,890.91 and the S&P 500 off 23.03 as fears of weak profits and a slow economy sparked the week’s largest declines in 11 years. The drop followed Compaq's warning of weak first quarter results and job cuts plus a 0.6 percent drop in industrial output.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Standard & Poor
Dow
Wall Street
Alan Ackerman
Fahnestock & Co
Cash
King
Compaq Computer
Compaq
Oracle
Ora
Army sticks to plan for black beret standard despite delay
The Army will not abandon its plan to issue black berets as the standard headgear for most soldiers, though June 14 timing may shift. Pentagon officials cited potential delays from overseas sourcing and pressure to favor U.S. manufacturers, while Rangers accept a tan variant to keep their exclusive color.
MENTIONED IN THIS ARTICLE
Washington
China
Army
Eric Shinseki
Bush
House
U.S
Pentagon
Rangers
Shinseki
Col
P.K. Keen
75Th Ranger Regiment
Fort Benning, Ga
Keen
David Nielsen
Fort Benning
Nielsen
Airborne
Farm disaster checks mailed to farmers nationwide
The Agriculture Department began 1.1 billion in disaster payments to about 160000 farmers who lost crops to drought and bad weather last year. The program may grow to 2 billion as applications continue, with target eligibility of at least 35 percent production loss and partial payouts to offset costs for the new growing season. Officials cited pressure from Congress and regional demand in Texas North Dakota Nebraska and Kansas. Secretary Ann Veneman emphasized support for farmers facing low prices and disaster impacts.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Congress
USDA
Ann Veneman
Texas
North Dakota
Nebraska
Kansas
Larry Combest
House Agriculture Committee
Combest
Also Mentioned on This Page
Wilshire Associates
Santa Monica
Calif
Alfred E. Goldman
A.G Edwards & Sons Inc
St Louis
Cle
Japan
Dow Rattles
Dow Jones
Nasdaq
Standard & Dow Jones Composite Poor's 500 Industrial
Cisco
QUACE
Microsoft
Citigroup
IBM
Philip Morris
Defense Logistics Agency
Capitol Hill
Defense
Paul Wolfowitz
Wolfowitz
Normandy
Omaha Beach
Panama
Somalia
City OF
Ottawa
Ottawa University Student Union
S. Cedar
Ottawa Chamber of Commerce
Ottawa City Commissioners
Harold Simmons
Bob
GENC
Ziel
Strato
Sofa & A
ULTRA
Pine Bedrook
Lvi'eusyou Alana
Walt Dengel
J Clarice Dengel
Craig Dengel
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