Bush imposes 30 percent steel import tariffs in three-year plan
President Bush announced tariffs up to 30 percent on a range of imported steel to aid U S industry and workers. The move aims to help domestic mills rebound amid bankruptcies, yet risks higher prices for cars and appliances and drew EU protests. The plan spans eight to thirty percent by type, with critics calling protectionist and WTO challenges likely.
MENTIONED IN THIS ARTICLE
Washington
Bush
U.S
Leo Gerard
United Steelworkers of America
America
European Union
Pascal Lamy
World Trade Organization
Blue chips slide on profit-taking after rally
Wall Street retreated with the Dow dropping 153.41 points to 10,433.41 as investors booked gains from a two session run. The Nasdaq rose 6.97 while the S&P 500 fell 7.70, and analysts called it normal profit taking with a cautiously bullish mood.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow
Standard & Poor
Bill Barker
RBC
Davi Rauscher
Stockyards Springfield pork prices steady across weights
Eastern Cornbelt carcass prices mostly steady with ranges from 46.75 to 57.85 per 0.5 to 0.9 inch. Negotiated purchases total 14,576. Illinois Direct Hogs Laws show steady demand but light offerings across weight classes 300 to 600 pounds and above, with boar values from 12.00 to 28.00.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Libtyma Limited
Lockholm
Loral Sp Lowes
Lucent Mbna Af
Masco
McKesson
Medicnic
Merck
MerrillLyn
MetrisCos
Micront
Mirant
MorgStan
Motorola
NtSemi Newmtm
NokiaCp
NorfikSo
NorfelNw
OrbitalSci
Penney
PepsiCo
Pfizer Saf
QuwestCm
SBC Com
Schergp
Schimb
Schwab SciAtlanta
Sears
Selectra
SwstAirs
Spratfon
Spratpcs
TenetHit
Teradyn
Texinst
Tycointl
UAL
UtdMicro
Wachovia
WalMart
WA Mat!s If
WellsFrgo
Wdigit
WmsCos
Bush tariffs aim to revive steel plants despite shortfall
President Bush announced a three year plan imposing tariffs of 8 to 30 percent on various imported steels. The move, while short of the 40 percent sought by the industry, is praised as a first step to reopen shuttered plants and restore jobs, though higher costs for steel containing products may follow.
MENTIONED IN THIS ARTICLE
Washington
Bush
Sprint Pcs
Sprint Pcs Clear Pay
Nym
Sprint Pcs Advantage
Cubephones
My Wireless
Sprint Spectrum L.P
Sprint
Clear Pay
Diamond
Sprint Communica
Grain Futures Rise on Winter Wheat Crop Concerns
On the Chicago Board of Trade, wheat futures climbed more than 1 percent as the winter-wheat crop in Kansas, Nebraska, and Texas showed slight deterioration. Soybeans and corn also rose, with soybeans at their highest since mid-January. May delivery prices: wheat $2.82, corn $2.09 1/2, oats $2.07 1/2, soybeans $4.57 1/4.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Chicago Board of Trade
Kansas
Nebraska
Texas
Also Mentioned on This Page
Minnesota
Tom Rukavina
United States
Eveleth
Minn
Intel
Jackson County
Murphysboro
Larry W. Reinhardt
Intrap
Jpmorach
Alcoa Inc
Lowes
NEW York (Ap
NYSE
Ameren Corp
May Dept. Stores
Apple Computer
Maytag
McDonalds Archer Daniel
MetLife
AES Cp
Microsoft
AFLAC
Avaya
Mips Technologies
AXA
AMR Baker Hughes
Nbty Inc
AOL TW
Bemis
Occidental
At&t S
BP Amoco
P-Com
Brunswick Corp
Pennzoil
Ageren
Agilent
CanNat's Rail
Pepsi
Caterpillar
Pepsi Americas
Alcoa
Cine, Financial
Clear Channel
Proxim Inc
AmintGp Qualcomm
Americdt
Coca-Cola
AnalogDev
ConAgra
Ryerson Tull
CVS Corp
Revco
Anheust
Solutia
Devon Energy Southern Co
BankOne
Dillard Dept. Stores
Dollar General
Southwest Air
Bk of Am
DuPont
Sun MicroSystems
Barricks
SuperValu Inc
Eateries Union Planters
Best Buy Fifth Third
Boeing
First Data Corp
Unova
Ford Motor Co
US Bancorp
BrMySq Usg Corp
CVS Cp
General Dynamics
Verizon Comm
Calpine
Harley Davidson
Harrah's
Wachovia Corp Capone Intel
Walgreens
Kinder Morgan
First Union
Kmart
Securities, Inc
Citigrp
Carbondale
ClearChan
Kroger
CocaCl
Lee Enterprises
NYSE/SIPC
Compaq
CompAs
Conseco
Cooper
Corning
Disney DowChm
DukeEgg
Dynegy
Etrade Emc Cp
Ekodak
Elan Eds
Enterasys Exxonm S
FanniMac
Fordm
FredMac
Gap Genelec
GaMetr
GMH
Hallibin, Hewlettp
HomeDp
Houshint
PCS
E. Main St
Mnute
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