Stocks slip as Baghdad advance nears heightens war impact
Wall Street closed modestly lower as investors weighed weak jobless data and ISM service index while U.S. troops pressed toward Baghdad. Dow fell 44.68 to 8240.38, Nasdaq -0.01% to 1396.58, S&P -0.5% to 876.45 amid war headlines and cautious trading. JDA Software and Borders Group slid after weak revenue and profit outlooks.
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Labor Department
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JDA Software
Borders Group
Stock options offered to ease American layoffs
Fort Worth American Airlines employees may gain stock options to buy nearly 38 million AMR shares as part of concession deals to avert bankruptcy. The plan includes profit sharing up to 15 percent, 1.5 percent annual raises, and pilot pay cuts, with thousands of layoffs anticipated among flight attendants and ground staff.
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Ex-Shell Chief Offered Role in Rebuilding Iraq Oil
Carroll, former Shell Oil Co. CEO, says he was asked by a Department of Defense official to oversee resuscitation of Iraqs oil fields. He notes staffing will hinge on Iraqi cooperation and aims to restore or expand production. He previously led Fluor Group and Shell Oil.
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