Starbucks closes all Israel shops amid operation hurdles
Starbucks and Delek Group dissolved their Shalom Coffee Co. venture after Tel Aviv closures and management struggles. Howard Schultz cited poor timing for expansion as reasons, with about 120 employees affected and no disclosed details on the dissolution. Meanwhile Vidal Sassoon sues Procter & Gamble over alleged product line destruction to dodge royalties, seeking multi-million damages.
MENTIONED IN THIS ARTICLE
Seattle
Starbucks Coffee Co
Israel
Tel Aviv
Howard Schultz
Starbucks
Delek Group
Shalom Coffee Co
Delek
Starbucks Coffee International
Los Angeles
Vidal Sassoon
Proctor & Gamble Co
Sassoon
Craig Parsons
Sas
Manufacturing slips as war slows U S factory orders
In March US manufacturing contracted for the first time in five months as orders fell to 46.2 from 50.5 in February. Analysts blamed wartime uncertainty, weak demand, and weather, with production down and employment remaining below 50 for the 30th straight month. Experts warn lingering job and demand weakness could slow overall growth.
MENTIONED IN THIS ARTICLE
New York
Iraq
Thesie
Purchasing and
Dan Meckstroth
Manufacturers Alliance
Iow
Manufac
Turing
Meckstroth
Institute For Supply Management
U.S
Israeli firms find footholds in Cleveland biotech scene
Howard Gudell of the Ohri Israel Chamber of Commerce leads efforts to lure Israeli biotech and medical device firms to Ohio. Quark Biotech, Simbionix, and MDG Medical have established Cleveland bases with U.S. labs shared with Cleveland Clinic and Case Western Reserve University partners.
MENTIONED IN THIS ARTICLE
Cleveland
Howard Gudell
Israel
Ohio
Gudell
Ohri Israel Chamber of Commerce
Quark Biotech Inc
Simbionix
MDG Medical Inc
Crystal Ball
Matt Jennines
BioEnterprise
Cleveland Clinic
University Hospital Health Systems
Case Western Reserve University
MDG Medical
Jennings
Quark Biotech
Pleasanton
Calif
Tel Aviv
Boaz Laor
Quark
U.S
Dmitri Bosykh
Regulators issue AEP subpoena over energy wash trades
Federal regulators issued a subpoena to American Electric Power as part of a probe into energy trading. The SEC seeks documents on round trip or wash trades that could inflate revenues and trading volumes in electricity markets. AEP cooperates and notes only a tiny fraction of its 1.3 million trades over three years warranted review.
MENTIONED IN THIS ARTICLE
Columbus
American Electric Power
Securities and Exchange Commission
SEC
AEP
Weirton retirees weigh health care givebacks plan
Weirton Steel expands its campaign to persuade 4600 retirees and dependents to accept cost saving health care concessions including a $200 monthly deduction from pensions and a three tier prescription system with higher copays. The program, announced in Morgantown WV, targets a May or June implementation with a March 21 deadline extended by a week for questions.
MENTIONED IN THIS ARTICLE
Morgantown
W.va
Weirton Steel Corp
Weirton
Wv2
Ohio River
Steubenville
Weirton Steel
Gregg Warren
Warren
Mark Glyptis
Independent Steelworkers Union
Glyptis
John Walker
Pennsylvania
Stocks Rise As Investors Seek Bargains In Down Market
Wall Street advanced after a four day slide as investors bought lower priced shares amid war and weak factory data. The Dow gained 77.73 to 9069.06 the Nasdaq rose 7.13 to 1948.30 and the S&P 500 added 10.30 to 10856.48 as analysts weighed first quarter earnings and Iraq developments. Construction spending fell 0.2 percent in February signaling housing remains a bright spot while SBC Communications climbed on a Legg Mason upgrade.
MENTIONED IN THIS ARTICLE
New York
Street
Iraq
Dow Jones
Standard & Poor
Matt Brown
Wilmington Trust
Brian Belski
US Bancorp
Piper Jaffray
Commerce Department
SBC Communications
Legg Mason
Dollar Ends Mixed in European Trading War in Iraq
In late New York trading the euro rose to 1.0909 dollars and the dollar slipped to 118.08 yen. The Swiss franc moved to 1.3546 and the Canadian dollar to 1.4735. The British pound weakened to 1.5778 dollars. AMR gained 0.90 to 3.00 on upgrades, while Best Buy increased 0.38 to 27.35 after beat on profits though first quarter outlook lowered. NYSE volume was 1.80 billion shares with advancers leading 9 to 5. Russell 2000 rose 4.15 to 368.69.
MENTIONED IN THIS ARTICLE
Iraq
New York
American Airlines
AMR
Goldman Sachs
J.P Morgan
Best Buy
New York Stock Exchange
Also Mentioned on This Page
Ming Finance Repo
Rts
P&g Ie
Union
American
Manufacturing
Norbert J. Ore
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!