Government to borrow 51 billion amid tax rebate push
Washington will borrow 51 billion by September as the tax cut rebates fuel spending and slow revenue. Officials cite 38 billion for rebates and up to 28 billion shifting corporate payments, with up to 8 billion for beyond-budget items as the economy cools.
MENTIONED IN THIS ARTICLE
Washington
Bush
Treasury Department
Treasury
Department
Congress
Michele A. Davis
Mitchell Daniels
Congress Signal Budget Office
Senate
New commerce president urges verbal business advocacy in city
Claire Ibosh, new president of the North Ridgeville Chamber of Commerce, says the business community must be more vocal while balancing politics. She notes sewer upgrades aid homes and businesses, and cites a 1998 master plan study showing 69 percent want more in city shopping. Ibosh, a Realtor, plans school talks on business ownership and oversees a $300 scholarship for local students pursuing business careers.
MENTIONED IN THIS ARTICLE
North Ridgeville
Chamber of Commerce
Claire Ibosh
Ibosh
Chamber
Bosh
Realty
David Bogner
Claire
Powell visit seen boosting Boeing China deal prospects
Seattle sources say Secretary Powell's Beijing talks bolster Boeing's bid for a 30 to 40 aircraft order from China, potentially as early as mid August. The deal, stalled since the 2000s downing incident, could be announced at events including October APEC in Shanghai or September Aviation Expo, with Boeing aiming for a high-profile confirmation amid China’s trade showcases.
MENTIONED IN THIS ARTICLE
Seattle
U.S
Colin Powell
Beijing
Boeing
China
Powell
Jiang Zemin
Zhu Rongji
Ivy Takahashi
Bush
Shanghai
Asia Pacific Economic Cooperation
APEC
Investors' relief lifts market on upbeat earnings day
Relieved investors sent stocks higher as second quarter earnings rolled in, with the Dow up 121.09 to 10522.81 and the Nasdaq 9.29 to 2027.13. Utilities and energy led gains while Verizon and World Wrestling faced drops on cautious outlooks. Volume was 1.13 billion shares as analysts weighed mixed economic signals from consumer spending, confidence, and manufacturing.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow
Standard & Poor
Charles H. Blood Jr
Brown Brothers Harriman & Co
Todd Clark
WR Hambrecht
Conference Board
Purchasing Management Association of Chicago
Chicago
National Association of Purchasing Management
Clark
Merck
Intel
Verizon
World Wrestling Federation Entertainment
New York Stock Exchange
Dollar Dips Briefly Then Ends Mixed On Data
The dollar slid briefly and closed the session mixed against major currencies. Euro at 87.45 cents, yen at 125.05, with consumer confidence index at 116.5 and June spending up 0.4 percent while Chicago manufacturing weakened, signaling possible national PMI results due Wednesday.
MENTIONED IN THIS ARTICLE
New New York
New York
Conference Board
Chicago
National Association of Purchasing Management
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Los Angeles Times
Econo
New Commerce
Re Aly
FDIC
Nationalcity.com
Olay
Caups Atl Upaiatin
Othe
S&p
Japan
Europe
Germany
Britain
France
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