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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 12, 2002
Page
2
Investors bank on reduced rates as Greenspan and policy makers weigh a half point federal funds rate cut. Analysts say cuts could boost a stalled economy but many expect only a cautious middle path with future cut hints.
Fans received a Perdue bobblehead during a Salisbury Maryland game honoring Arthur W Perdue. The gesture celebrated the poultry magnate as the Perdue company marked its longtime presence in the region and the local venue, with attendees and promotional figures acknowledging his influence on the team and community.
Delmarva Shorebirds unveil a seven inch bobblehead honoring Frank Perdue for helping found the Class A team and its stadium. Perdue joked about bench splinters from more sideline than on field contributions while team management offered the figure as a sign of appreciation.
The article notes Sun Microsystems executive Scott McNealy leads as the best CEO golfer with a 0.3 handicap, while Patricia Russo of Lucent Technologies posted a 12.4 index to place second. It reports average CEO handicaps around 15 to 19, and highlights a breakthrough by a female CEO.
U S Attorneys office impaneled a federal grand jury in Detot as part of the Kmart bankruptcy probe. The Detroit News reports up to 200 subpoenas may be issued for witnesses and records. Investigators seek to determine if former executives Conaway Schwartz or others face charges. The probe involves FBI SEC and a House subcommittee. The bankruptcy was filed January 22 after poor holiday sales and stock decline. James Adamson, the chairman and CEO, vows cooperation while noting unanswered questions about Conaway and Schwartz.
Florida widow Gayloree Hammond sold her late father’s coal miner bucket for 714.83 dollars to Larry Click of Arlington Virginia, with proceeds benefiting the Sipesville Volunteer Fire Co. supporting a new fire hall. The Quecreek mine rescue and donor wave fueled wide sympathy.
With half of Americans invested in stocks through mutual funds and 401 k plans, volatility tests how much risk savers can tolerate. Experts say define readiness to lose money, age, assets, and needs shape a balanced plan. Even conservative portfolios should include some stock exposure to hedge inflation and taxes.
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