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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 03, 2003

Page

8

Factory orders fall 1.5 percent in February amid weak manufacturing

The Commerce Department reports February orders to U.S. factories declined 1.5 percent led by metals and machinery while auto orders stayed flat. Officials warn the sector remains weak with recession fears rising as job losses mount and energy prices stay high.

Washington U.S Commerce Department Wolfe

SARS disrupts Asia economies hit Hong Kong and Singapore

The SARS outbreak curbs production and travel across Asia forcing factories to close and banks to curb meetings. Analysts cut East Asia growth forecasts as firms rely on teleconferencing while tourism collapses and airlines trim services amid fear.

Hong Kong Asia Singapore China South Korea Vietnam Merrill Lynch Tr. Bond Bond East Asia Japan Motorola Hewlett Packard Intel Taiwan General Motors

Tyco sues ex CFO over alleged looting scheme

Tyco International filed a 400 million lawsuit in Manhattan federal court against former chief financial officer Mark Swartz, accusing him of looting the conglomerate for personal gain. The suit cites more than 134 million in pay for services not rendered and unauthorized bonuses from 1997 to 2002, with Swartz pleading innocent.

New York Tyco International Mark Swartz Tyco Manhattan Federal Court Swartz Charles Still Tyco Board Frank Walsh Board of Directors

Goodyear predicts largest ever annual loss in 2002

AKRON AP Goodyear Tire & Rubber Co. expects to report a 2002 loss of about $1.1 billion, the biggest in its history, tied to a $1.1 billion fourth quarter charge for reduced tax deductions. The company has posted $600,000 loss through the first three quarters and delayed the release while refinancing debt.

AKRON Goodyear Tire & Rubber Co Goodyear Keith Price Tuday Securities and Exchange Commission Deepak Siideshmukh Case Western Reserve University Cleveland Sirdeshmukh Robert J. Keegan Samir G. Gibara Gibara Standard and Poor's S&p Martin King New York Stock Exchange

Market rises as investors hope for rapid end to war

Wall Street jumped as U S led forces closed in on Baghdad boosting optimism for a quick war end. Dow rose 215.20 points to 8285.06, Nasdaq up 48.42, S P 500 up 22.42. Biogen climbed on strong first quarter outlook while tech names and airlines gained on potential federal aid.

New York Wall Street Baghdad Iraq Biogen House Senate Appropriations Vate Bank Saddam Periugate Wolfe Dow Standard & Poor U.S Red Zone Kut Jessica Lynch Todd Leone SG Cowen Securities Biotech Intel Microsoft Circuit City American Airlines Continental Delta

Dollar rises in European trading on Wednesday

The US dollar strengthened against major currencies in Europe with the euro at $0.777 in late trading, down from $1.089, and $1.0766 in New York midday trading. Yen rose to 119.13, Swiss francs to 1.3758, and Canadian dollars to 1.4789. The pound traded at $1.5681, down from $1.5724, and London gold closed at $23.20 bid per ounce, down from $334.60.

London New York Europe

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