AOL Net news sparks sharp market drop
A weak outlook from AOL Time Warner spurred a broad market decline. The Dow fell 119.64 to 8742.93, Nasdaq slid 35.82 to 1448.96, and S&P 500 dropped 13.78 to 920.75 amid profit cautions and war uncertainty. AOL tumbled to 14.21 as revenues were warned. Merck and Intel also fell ahead of forecasts and analyst meetings.
MENTIONED IN THIS ARTICLE
New York
AOL
Time Warner
Iraq
Gary Kaltbaum
Edge Partners
Orlando
Fla
Dow
Dow Industrial Merck
Intel
Lewyers
Dollar mixed as retail data offsets stock declines
The dollar was mixed against major rivals amid robust U.S. retail data but pressured by a falling stock market. The euro traded around 99.57 cents, the yen held near weaker levels, and the pound climbed to about $1.5684 as currencies reflected cautious sentiment.
MENTIONED IN THIS ARTICLE
New York
Dow d Jones/AP
Masajuro Shiokawa
Thomas Molroy
Bank Leumi
Ford Falls on November Auto Sales Slump Amid Downgrades
Thursday's mid quarter update shows Ford stock down 1.49 to 9.96 after an 21 percent drop in November auto sales. Albertson's sank 1.31 to 22.26 on a J P Morgan downgrade while Marriott slid 1.22 to 34.47 on a Deutsche Securities downgrade. Analysts say the market drift was a needed slide on light volume.
MENTIONED IN THIS ARTICLE
Ford
Albertson's
J.P. Morgan
Marriott International
Deutsche Securities
Wall Street Firms Fined 8.25 Million for Email Retention
Five major firms Goldman Sachs Salomon Smith Barney Morgan Stanley Deutsche Bank Securities and U S Bancorp Piper Jaffray were fined 1.65 million each for failing to preserve emails for three years or keep them accessible for two. Regulators cited improper record-keeping tied to confidential emails about stock hype and banking deals. The penalties fund the U S Treasury NYSE and NASD, with firms reviewing procedures and none admitting wrongdoing.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Goldman Sachs
Salomon Smith Barney
Morgan Stanley
Deutsche Bank Securities
Bancorp Piper Jaffray
U.S
Judy Hitchen
Housing prices slow in third quarter of 2002
Prices rose 0.84 percent July to September 2002, slower than the prior quarter and year. Shelly Dreiman of OFHEO calls it a market correction as inflation-lag and mortgage rates drive demand. Sales remain strong with 5.5 million projected for 2002 and rates near historic lows.
MENTIONED IN THIS ARTICLE
Washington
The
Office of Federal Hous
Ing Enterprise Oversight
Freddie Mac
Fannie Mae
Shelly Dreiman
Dreiman
Geserany
Illinois
Michigan
Kansas
South Dakota
Wisconsin
Alaska
Vermont
National Association of Realtors
David Lereah
Also Mentioned on This Page
E Chronicle
Kaila Gallagher
Elyria
Timothy and
Kimberly Gallagher
Thomas and
Alanna Rader
Patricia Gallagher
Patricia Rader
Paulanne Oakes
NFB Aauw
American Association of University Women
Joanne Fiore
Lois Copeland
Lila Ehike
Jan Kaptur
Virginia Frye
Chuck Humel
NFB Wells
Wells
Fran TA En Ata
Irene Vap
Vax Wae
the Chronicle-Telegram
Standard & Poor
Treasury
New York Stock Exchange
National Association of Securities Dealers
Merrill Lynch
New York Attorney General’s Office
Office of Federal Housing Enterprise Oversight
Tokar
Middle Avenue
Ohio
Sze
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!