Membership drop threatens future of U S labor unions
AFL-CIO President John Sweeney warned at the federation’s convention that union leaders must reverse years of shrinking membership. He noted a slight gain to 13.2 million, but the figure mirrors 1955 levels when AFL-CIO formed, while the overall workforce doubled and union share fell to 13.5 percent last year.
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AFL-CIO ad urges Congress on NYC workers aid after attacks
New York State AFL-CIO launched a TV ad in Washington calling on Congress to extend unemployment and health benefits for workers displaced by the Sept. 11 attacks. The spot features destruction images and appeals for action as holiday bills loom, estimating 115,000 NYC workers will lose jobs by next summer.
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New York
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New York City
Wall Street closes higher amid broad gains
Dow Jones ends at 9893.84 up 129.88 with gains across major indices. S&P 500 at 1144.80, Nasdaq 1963.10, NYSE Composite 581.16, and Wilshire 5000 near 10594. Volume rises on NYSE with over 1.3 billion shares traded during the regular session and 16 million after hours.
Tech buying ignites rally in New York stocks
Tech buying lifted markets on Tuesday with the Dow rising 129.88 points to 9,893.84, its biggest gain in three weeks. Analysts warned the gain may not signal a sustained upturn as signs of economic improvement remain limited.
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Enron secures financing as stock soars on relief news
Enron Corp stock jumped 132 percent to 93 cents after two banks arranged up to 1.5 billion dollars in short term financing while the energy trader seeks bankruptcy protection. CEO and lenders expect ongoing operations during reorganization.
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Enron Corp
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Stockyards Springfield Prices Dip for Hogs and Carcasses
Eastern Cornbelt carcass prices closed mostly higher with 0.5 to 0.9 inch backfat ranges from 39.25 to 51.62. Illinois Direct Hogs saw negotiated purchases totaling 14,111 with light demand and mostly lower bids. 1-3 300-400 Ibs 21.00-23.00. 400-500 Ibs 22.00-24.00. 500-600 Ibs 24.00-26.00. over 600 Ibs 26.00-27.00. boars under 300 Ibs 16.00-20.00. over 300 Ibs 13.00-15.00.
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Wheat futures slip as export pressure weighs on Chicago
Export market pressures push Chicago wheat futures lower on Tuesday with March delivery at 2.83 a bushel, while soybeans decline and corn edges up. March corn rises to 2.21, March oats up to 2.14, and January soybeans fall to 4.44 a bushel.
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Chicago Board of Trade
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