Dow Slips as Greenspan Prep Clouds Market Outlook
Dow fell 19.68 to 9049.92 while Nasdaq edged higher amid a hesitant session before Federal Reserve chairman Alan Greenspan testifies to Congress. Analysts warn of Asia crisis fears and unclear signals on possible rate moves, with Greenspan’s cryptic remarks expected to guide sentiment.
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New York
Capitol Hill
Federal Reserve
Alan Greenspan
Alan Ackerman
Fahnestock & Co
Greenspan
Congress
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Casey Stengel
Ackerman
PSC consumer advocate opposes electricity deregulation in WV
The West Virginia Public Service Commission advocate argues deregulation would hurt consumers and that current proposals fail public interest. He favors keeping regulation on existing plants and allowing market-based acquisition of new power, or forcing sale of plants to unlock asset value for ratepayers. Regulators resumed debate after a 1997 effort and a 1998 legislative directive.
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West Virginia
Billy Jack
Public Service Commission
Gregg
PSC
American Electric Power
Allegheny Power
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Terry Eads
Aep-West Virginia
Eads
Allegheny
Scott Shields
Greensburg
Shields
West
Pennsylvania
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