Stocks slip on earnings warnings amid war news
U S stock indices fell modestly as earnings warnings from Microchip Technology Accredo Health and Nautilus Group offset optimism over a quick Iraq war end. The Dow fell 1.49 points to 8298.92, Nasdaq dropped 0.5 percent, S&P down 0.2 percent as traders weighed weak first quarter outlooks and a fragile market backdrop.
MENTIONED IN THIS ARTICLE
New York
Microchip Technology
Nautilus Group
Frag
Saddam Hussein
Michael Sheldon
Spencer Clarke LLC
Sie” Srl
Econome
Iraq
Dow Jones
Standard & Poor
Baghdad
Saddam
Pentagon
Dais
Bush
Tony Blair
Semconductor
Accredo Health
GM pulls plug on EV1 as California rewrites rules
California had backed the first GM electric car as a path to clean air, but regulators now dial back zero emissions goals. GM plans to reclaim 375 of its 1,000 EV1s, using some as parts or museum pieces, while automakers shift to hybrids. Critics urge market-led choices, and New York and Massachusetts adapt targets to low-pollution standards.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
General Motors
California
van Nuys
Dave Barthmuss
America
New York
Massachusetts
California eyes new zero emission rule for hybrids
California motorists may see hundreds of thousands of hybrid cars by decade end under a revamped zero emission vehicle plan from the Air Resources Board. The board, after court battles with GM DaimlerChrysler and Isuzu, plans an April 24 meeting to shape requirements that favor fuel cell and battery electric cars while enabling immediate zero-emission options.
MENTIONED IN THIS ARTICLE
Greg Hanssen
Production Electric Vehicle Drivers Coalition
California
State Air Resources Board
General Motors Corp
DaimlerChrysler
Isuzu Motors
Fresno
Calif
Robert E. Coyle
Sacramento
ZEV
Dave Barthmuss
Air Resources Board
Air Board
Reg Modlin
Chrysler
Ing Technologies
Union targets Goodyear contracts in master talks
The United Steelworkers press for job security in the rubber and tire sector as talks with Goodyear Tire & Rubber Co begin in mid March. The union seeks pattern bargaining impacting Bridgestone Firestone and Michelin. Goodyear faces a 1.1 billion annual loss amid weak tire sales. About 16,000 Steelworkers at 14 Goodyear plants, contract expiring April 19.
MENTIONED IN THIS ARTICLE
AKRON
United Steelworkers of America
Goodyear Tire & Rubber Co
Wayne Ranick
Goodyear
Bridgestone- Firestone
Michelin
Ranick
NYC to lay off 2000 education workers in June
NYC officials announced nearly 2,000 education staff will lose jobs in June, following a prior plan to cut 3,443 employees within 30 days to address a 3.4 to 4 billion dollar budget gap for fiscal year 2004. Schools Chancellor Joel Klein and Mayor Bloomberg defended the cuts as unavoidable amid the deficit.
MENTIONED IN THIS ARTICLE
New York
Joel Klein
Michael Bloomberg
Sanitation
Philip Morris may dodge 12 billion bond after verdict
In Chicago AP report, Philip Morris USA seeks bond reduction before appealing a 16.1 billion verdict in a class action. Judge Nicholas Byron hinted at a consensual resolution as lawyers discuss lowering the 12 billion bond required by state law. Ohio and 37 states urge lowering the bond to protect tobacco settlement funds.
MENTIONED IN THIS ARTICLE
Philip Morris
Cigarette Co
Chicago
Philip Morris USA
Madison County
Nicholas Byron
Byron
First State
Ohio
U.S. Territories
Cook County
Jim Petro
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Hugh Johnson
First Albany Corp
Ime
Dow
Altria Group
Philp Morris
New York Stock Exchange
Toyota
Honda
Ben Knight
Knight
Los Angeles
Goodyear’s
Jim Allen
Nyc
The
Chronicle
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