Profits Slip for 1998 as Economy Advances
U S corporate profits fell 1 percent in the October-December quarter and 2.2 percent for all of 1998 marking the first annual decline since 1989. Despite a 3.9 percent GDP gain, profits faced pressure from rising labor costs and price competition. Dow neared 10,000 earlier but ended down.
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Washington
Mark Zandi
Regional Financial Associates
West Chester
Commerce Department
U.S
Yahoo to acquire Broadcast.com for about 5.7 billion dollars
Yahoo Inc plans to buy Dallas based Broadcast.com Inc in a stock deal valued around 5.7 billion dollars. The merger makes Broadcast.com the multimedia core of Yahoo, linking high profile Internet broadcasts to Yahoo's 50 million users.
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Yahoo Inc
Broadcast.com Inc
Broadcast.com
Santa Clara
Calif
Yahoo
Broadcast.com 4
Paul Noglows
Hamprecht & Quist
San Fran
Clinton
Gary Arlen
Bethesda, Md
Learning center opens for Lorain city workers
The Lynn R. Williams Learning Center at 9315 W. 21st St. goes to Lorain city workers, with 220 eligible employees receiving quarterly classes at no cost. The United Steel Workers Local 6621 and USS/Kobe Steel cover about $20,000 yearly from training funds.
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Lorain
United Steel Workers of America
USS/Kobe Steel Co
Lynn R. Williams
Joseph Koziura
Koziura
Andy Smith
Institute For Career Development Inc
Smith
John Gallo
W. 21St St
Williams
David R. McCall
Partial victory for anti McDonald’s activists in libel case
In London the Court of Appeal reduced damages to 61300 pounds while upholding key defamation findings against Dave Morris and Helen Steel. The judges affirmed claims that McDonald’s workers face poor conditions and low pay and that the chain’s products can pose health risks, but ruled some poisoning and cancer claims unjustified. The case, nicknamed McLabel, lasted 314 days, the longest English trial, with plans to appeal to the House of Lords.
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London
McDonald’s Corp
Court of Appeal
Dave Morris
Helen Steel
Hamburger
McDonald’s
Morris and Steel
Morris
Malcolm Pill
Royal Courts of Justice
Steel
McDonald's
Opening Stocks Rally As Major Names Thrive In Early Trade
Early NYSE listings show Motorola AT&T and Boeing among most active. Analysts note gains in Amgen Exxon and Coca Cola as tech and industrials push indices higher with volume rising across key issues.
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New York
AMA
AmOning
ASN Barkckg
Jnae Ata
Beltans
BelSos
ANION
Bestlis
Bettis
Boeing
Bowsers
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BF Goodach
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