Fed Beige Book Signals Slower Growth and Rising Costs
The Fed beige book shows the U.S. economy cooling with steady prices yet mounting cost pressures. Labor shortages persist and wage growth remains moderate with some acceleration. several districts report slowing growth, weak auto sales, but strong real estate and services sectors. Banks describe mixed loan demand and tighter lending standards amid inflation concerns.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Fed
New York
Philadelphia
Atlanta
Minneapolis
Wall Street
Boston
Cleveland
McNamara's Grille and Pub Eyes Local Debut Tonight
North Ridgeville natives McNamara and Reggie Langhorne plan McNamara's Grille and Pub at Mills Creek Plaza with a sports themed layout. The 6000 square foot venue will open the pub at 6 p.m. once license approval is granted and feature a bar dance floor stage, local bands, and frequent visits from Browns Cavaliers and Indians players.
MENTIONED IN THIS ARTICLE
North Ridgeville
McNamara
Mills Creek Plaza
Center Ridge Road
Kevin McNamara
Reggie Langhorne
Cleveland Browns
McNamara's
Cleveland Cavaliers
Indians
M.U.T
Death toll climbs from Firestone tire link
The death toll linked to Firestone tires rose to 148, with 29 more deaths added by the National Highway Traffic Safety Administration. The update comes amid ongoing recalls tied to Bridgestone/Firestone and Ford efforts, many recalled tires originally equipped on Ford Explorers and Mercury Mountaineers.
MENTIONED IN THIS ARTICLE
Washington
National Highway Traffic Safety Administration
Bridgestone/ Firestone Inc
Bridgestone
Firestone
Ford Motor Co
Ford Explorers
Mercury Mountaineers
Governent
Nashville, Tenn
Ford officials to hold high quality summit
Dozens of Ford Motor Co officials meet Monday in Dearborn Michigan with the Ford Dealer Council to discuss a flurry of recalls including five for the new Escape SUV. Dealers fear recalls may erode Ford's brand as the company recovers from the Firestone tire recall linked to Explorer equipment though Ford did not design or produce the tires.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Dearborn
Mich
Ford Dealer Council
Ford
Jerry Reynolds
Prestige
Garland
Reynolds
Tyson bids $4.2 billion for IBP in unsolicited offer
Tyson Foods proposes to buy IBP Inc for 26 per share in cash and stock, assuming 1.4 billion in debt, topping Smithfield's offer and a Rawhide/ DLJ/Credit Suisse deal. Separately, heating bills may rise as much as 40 percent with record natural gas prices, while FCC staff urge not to force 10 digit dialing. In Indianapolis, judge sets steps for Firestone Ford lawsuits with amended master complaint expected within 21 days.
MENTIONED IN THIS ARTICLE
New York
Meatpacker
IBP Inc
Tyson Foods Inc
U.S
Tyson
IBP
Smithfield Foods
Rawhide Investment Holdings
Wall Street
Donaldson, Lufkin & Jenrette
Credit Suisse First Boston
U.S. Energy Information Administration
Markets tumble after Bank of America warning and tech selloff
U S stocks reversed sharp gains as Bank of America warned of higher loan losses and Apple warned of weak earnings, triggering broad declines in the Dow, Nasdaq, and S&P 500. Tech shares led losses with Compaq, Gateway, Intel, and Microsoft dropping while brokerages noted ongoing earnings uncertainty ahead of potential rate cuts. The euro rose to a three month high as traders shifted from equities to currencies.
MENTIONED IN THIS ARTICLE
New York
Bank of America
Dow
Apple Computer
Federal Reserve
Alan Greenspan
Fed
Hugh Johnson
First Albany Corp
Standard & Poor
Barry Berman
Robert W. Baird & Co
Berman
Apple
Wall Street
Johnson
First Albany
Compaq
Gateway
Credit Suisse First Boston
Yahoo
Henry Blodget
Merrill Lynch
Blodget
Intel
Also Mentioned on This Page
Greenspan
Melissa Dittmann
Chronicle-Telegram
Kevin
Gretchen Thomas
Chronicle
Terry Box
The
Dallas Morning News
Tyson Foods
Dae News
Tile Exchange
FCC
Los Angeles Times
Federal Communications Commission
Sunshine
Knight Ridde
Indianapolis
Bridge Stone/Firestone Inc
Amy Bakin
Associated Press
Microsoft
Limited
Best Buy
Pharmaceuticals
Johnson & Johnson
New York Stock Exchange
Japan
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