Airlines warn Congress war would worsen airline woes
Airline executives told Congress that major financial problems could worsen if the United States goes to war with Iraq. After Sept 11 air travel remains below prewar levels, with November passenger volume down 18 percent from 2000. Major carriers have cut staff and flights, with losses projected near 9 billion dollars for last year.
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Transportation Department
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Air Transport Association
Stocks Surge as Jobless Claims Drop Boosts Market
Wall Street rebounded with the Dow up 180 points as jobless claims fell 19,000 to 389,000, the lowest since December. The Nasdaq rose 37 points and the S&P 500 gained 17 as tech shares boosted sentiment amid stronger SAP sales and Foundry Networks optimism.
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First Albany Corp
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Mottola resigns from Sony Music to form own label
Sony Music chairman Tommy Mottola announces his departure after 14 years, leaving CBS Records era founder to start a new music label in partnership with Sony. He cites a year of consideration and plans to pursue a fresh challenge.
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The
Dixie Chicks
Stockyards Springfield Carcass Prices and Hogs Report
Eastern Cornbelt carcass closed mostly .75 lower on light test with price ranges by inch fatback. Illinois direct hogs traded with negotiated purchases totaling 14,072. demand very light for moderate to heavy offerings with price bands across weight classes and boar
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Springfield
Illinois
GOP Senate panel mulls $385 billion spending bill package
Senate Republicans finalize a $385 billion package of overdue spending bills cutting education Amtrak and other programs by about 9.8 billion from last year. Ted Stevens plans a Monday vote as House and Senate push to finish within Bush era fiscal limits amid looming partisan fights.
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Wheat futures slide on weak export sales at Chicago Board
In Chicago trading, wheat futures dropped sharply as export sales weakened. For the week ending Jan 2, corn exports stood at 282900 metric tons, down nearly a quarter from the prior week. March wheat fell to 3.29 per bushel, March corn to 2.43, oats to 2.17, soybeans to 5.79.
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Chicago Board of Trade
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