Dow Tumbles as Markets Reopen After Attacks
Wall Street opened after last week's terror events with heavy selling across airlines, insurers, and entertainment stocks while defense issues rose. The Dow plunged 684.81 to 8,920.70, intraday drop 721.56, marking its lowest close in over two years and its largest one-day point fall. Nasdaq fell 115.82 to 1,579.55 and the S&P 500 dropped 53.77 to 1,038.77 as traders weighed profits, security concerns, and a Federal Reserve rate cut.
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New York
Wall Street
New York Stock Exchange
Dow Jones
Bill Barker
Daii Rauscher
Dallas
Todd Clark
WR Hambrecht
Clark
Dow
Standard & Poor
Southern Illinois Media Campaign mobilizes Red Cross relief efforts
Southern Illinois newspapers and broadcasters unite to urge charitable donations to the American Red Cross Disaster Relief Fund for victims of last week's terrorist attacks. The joint drive led by The Southern Illinoisan and Lee Enterprises plans ongoing activism across media outlets and donation sites in Carbondale, Marion, and surrounding towns.
MENTIONED IN THIS ARTICLE
Southern Illinois
American Red Cross
Southern Illinoisan
Linda Ritchie Lindus
Illinois
Restraint urged after backlash shooting across US
A backlash shooting in Mesa Arizona left Balbir Singh Sodhi dead and Frank Silva Roque jailed for murder. The incident amplified fears among Middle Eastern and Arab Muslims as civil rights groups track hate crimes nationwide. President Bush and Attorney General Ashcroft condemned the violence.
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Mesa, Ariz
Arizona
Phoenix
Rick Romley
Frank Silva Roque
Balbir Singh Sodhi
Bush
John Ashcroft
Washington Islamic Center
White House
Austin
Texas
Parma
Ohio
Tim Johnson
Margo Reed
Mesa
Ariz
Sodhi
Chevron
Government rush to arm airliners with marshals guards
Washington moves to deploy hundreds of sky marshals as federal agencies join the FAA in training a new cadre of armed plainclothes security officials. Retired officers and private firms may supply personnel while lawmakers urge rapid action to reassure travelers.
MENTIONED IN THIS ARTICLE
Washington
Federal Aviation Administration
Justice Department
John Ashcroft
John Mica
R-Fla
House Transportation Aviation Subcommittee
Mica
Cuba
TWA
David
John Sweeney
R-N.y
House
Appropriations Transportation Subcommittee
Richard Gephardt
D-Mo
Gephardt
American Airlines to announce more layoffs this week
American Airlines plans another round of layoffs amid bailout uncertainties. Continental cut 12,000 jobs over the weekend, wiping out more than 20 percent of its staff. Airline stocks plunged across AMR, UAL, Delta, and US Airways as the sector faced a broad selloff and industry analysts warned of substantial losses this year.
MENTIONED IN THIS ARTICLE
American Airlines
Continental
AMR Corp
American
New York Stock Exchange
UAL Corp
United
Delta
Shelby calls for hearings on missed warnings in terrorism
Senator Richard Shelby urged Senate hearings to probe whether U.S. intelligence missed warnings before last week’s terrorist attacks. He questioned if officials ignored evidence and highlighted debates over recruiting unsavory yet potentially informative assets. CIA and White House officials defended recruitment rules and counterterrorism efforts.
MENTIONED IN THIS ARTICLE
Shelby
U.S
Washington
Senate Intelligence Committee
Richard Shelby
R-Ala
USS
Persian Gulf
Osama bin Laden
America
Congress
CIA
George Tenet
Administration
Bob Graham
D-Fla
Pakistan closes Afghanistan border after border shutdown
Pakistan virtually shuts its 1560 mile border with Afghanistan halting nearly all trade and ordering refugees in the country to live in camps in the north. Police are to confine more than 1 million refugees while thousands flee hunger and drought and attempt to cross at Torkham but are turned back. The move follows Musharraf agreeing to full cooperation with Washington.
MENTIONED IN THIS ARTICLE
Peshawar
Pakistan
Afghanistan
U.S
Torkham
Pervez Musharraf
Washington
Groups pledge to aid education of attack victims relatives
The Families of Freedom Scholarship Fund pledges 3 million dollars to provide undergraduate college scholarships for spouses and children of those who perished or were disabled in the September 11 attacks. Lumina Foundation chairs the effort with 2 million from immediate funds and 1 million in matching gifts to spur further donations.
MENTIONED IN THIS ARTICLE
Washington
Families of Freedom
Lumina Foundation For Education
Lumina
Edward McCabe
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Larry Wachtel
Prudential Securities
Federal Reserve
The
N. Illinois Ave
Carbondale
Benton Evening News
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Benton
Daily American
South Emma St
West Frankfort
Marion Daily Republican
West Jackson St
Marion
Mt. Vernon
Harrisburg Daily Register
S. Vine
Harrisburg
Eldorado Daily Journal
Anna Gazette-Democrat
Lafayette St
Anna
Cairo
Washington Ave
Christopher Progress
W. Market St
Christopher, IL
Herrin Spokesman
N. 14Th St
Herrin
Murphysboro American
Walnut St
Murphysboro
Chester Herald Tribune
State St
Chester
Norris City Banner
E. Main
Norris City
Gallatia Democrat
Ridgway News
Lincoln Blvd
Shawneetown
N. Main Cross
Galatia
South Emma
Wpsd-Tv
S. Illinois Ave
Mr. Sodhi
Romley
Roque
Associated Press
FBI
Center
Greg Slate
Jim Higgins
Credit Suisse First Boston
US Airways Group Inc
Bill Harlow
Dick Cheney
Sale
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Loan Services USA Group
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Lindsey Roberts
Juniata College
Huntingdon
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