Unemployment Claims Rise as War and Weather Hit Hiring
Unemployment benefits requests climbed in the latest week with initial claims up to 445,000 and the four week average at 42 200. Weather and winter storms in several states weighed on hiring while continued joblessness neared the highest levels in months. Analysts noted the rise aligns with a weak payroll trend since late February and cautioned against premature conclusions about accelerated job destruction.
MENTIONED IN THIS ARTICLE
Washington
Decatur
Jade Zelnick
RBS
Greenwich Capital
Labor Department
Rocky Mountain
Nitra
Sophia Koropecky
Economcom
Goodyear Plans to Boost Profits Amid Turnaround
AKRON AP Goodyear Tire & Rubber Co reports a record 1.1 billion annual loss as it targets North American core-business fixes while international tires, especially in western Europe and EMEA, show gains. CEO Robert J. Keegan pledges action with further moves due April 30 and notes broader industry cuts.
MENTIONED IN THIS ARTICLE
AKRON
Goodyear Tire & Rubber Co
North America
Robert J. Keegan
Goodyear
Europe
Africa
Middle East
Ford Motor Co
Firestone
General Motors Corp
DaimlerChrysler AG
Chrysler Group
Toyta Motor Corp
Jone
J.P. Morgan
David Bradley
Keegan
Bob Keegan
Bradley
Samir G. Gibara
Gibara
Stockmarket edges lower as Baghdad push looms
Wall Street ended modestly down as disappointing jobless claims and services data raised caution amid U S led forces advancing on Baghdad. Major indexes eased after volatility while investors awaited war developments and potential market reactions.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Baghdad
U.S
HealthSouth begins layoffs amid scandal
HealthSouth cut 165 jobs at its Birmingham headquarters as five more executives pled guilty in a massive accounting fraud. The layoffs hit marketing and nonpatient units, while the company faces potential bankruptcy and scrutiny of founder Richard Scrushy after earlier guilty pleas by three top executives.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
HealthSouth Corp
HealthSouth
Wall Street
HealthSouth Eliminat
U.S
American Airlines workers offered stock options in concession plans
In Fort Worth Texas employees negotiating with American Airlines receive options to buy nearly 38 million shares of AMR Corp as part of wage and job cuts aimed at saving the carrier. The pact includes stock options profit sharing up to 15 percent annually and 1.5 percent raises beginning May 2004 to cut 660 million in annual costs and shed 2,500 jobs.
MENTIONED IN THIS ARTICLE
Steve Blankenship
Allied Pilots Association
American
Fort Worth
Transport Workers Union
Association of Professional Flight Attendants
AMR
Richard Aboulafia
Teai Group
Fairfax
Northwest Airlines
Also Mentioned on This Page
CBS MarketWatch
Iraq
Ers
Koropeckys
Fhay
Ian Stiepherdam
N. America
Robert J. Keegan, ‘Kent
Fed
Cyahots County
Brian Pears
Victory Capital Management
Dow Jones
Standard & Poor
Saddam
Ryan Smith
Equity
Banc One Investment Advisors
Thomas E. Scavone
Center
New York Stock Exchange
Richard Scrushy
Kenneth Livesay
Livesay
Angela C. Ayers
Cathy C. Edwards
Rebecca Kay Morgan
Virginia B. Valentine
Alice Martin
Martin
American Airlines
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