Wheeling-Pitt files plan to emerge from bankruptcy
Wheeling-Pittsburgh Steel Corp filed its Chapter 11 reorganization plan in Morgantown to gain creditor approval with a $250 million loan guarantee pending before the Emergency Steel Loan Guarantee Board. The plan targets end of the first quarter as key milestones. Authorities noted the bankruptcy began on November 16, 2000.
MENTIONED IN THIS ARTICLE
Wheeling, W.va
Wheeling-Pittsburgh Steel Corp
Wheeling-Pitt
U.S
Morgantown
Emergency Steel Loan Guarantee Board
Royal Bank of Canada
James Kosowski
Big brokers to pay 1.44 billion settle stock hype case
The ten largest brokerages including Citigroup and Goldman Sachs will pay 1.44 billion and split stock research from investment banking to settle charges they hyped stocks for banking clients. Regulators say analysts privately mocked some picks while publicly recommending them.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Citigroup
Seb
Suisse First Boston
New York State
Eliot Spitzer
Credit Suisse
Goldman Sachs
J.P. Morgan Chase
Bear Stearns
Morgan Stanley
Lehman Brothers
Deutsche Bank
UBS Warburg
Merrill Lynch
Spitzer
Boomers seek balance between career and family values
Deniece Sandoval, 40, leaves six figure income lunches for a role with a family violence prevention group, praising its pro family culture. Boomer attitudes shift as 76 million reach mid to late career, seeking training, flexibility, and life balance alongside salary.
MENTIONED IN THIS ARTICLE
New York
Deniece Sandoval
Sandoval
Linda Fisher
The
AARP
San Francisco
Economy grows 4 percent in third quarter
The US economy expanded at a 4 percent annual rate from July through September, driven by a 4.2 percent rise in consumer spending and a 22.8 percent surge in big-ticket purchases. Analysts warn that unemployment near 6 percent and wary shoppers may slow growth in the October-December period, with some fearing a potential recession amid war uncertainties. Stronger headwinds include possible oil price shocks and ongoing Fed rate cuts to support demand.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Iraq
Sung Won Sohn
Wells Fargo
Minneapolis
Sohn
Fed
Federal Reserve
Dollar Mixed as Markets Weaken on Middle East War Fears
The dollar drifted lower and mixed against major currencies in New York amid fears of a possible war in the Middle East. Traders eyed year end with thin volumes as oil topped $30 a barrel and gold lingered near five and a half year highs, while the Swiss franc attracted safe haven bids as markets awaited Iraq weapons-inspection outcomes.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Middle East
Thomas Molloy
Bank Leumi
Japan
Europe
Iraq
U.S
Bush stimulus plans face skepticism from economists
Economists question the need for a quick stimulus via tax cuts and doubt timing and impact. The package could total about 300 billion over 10 years, with most effects seen in 2004 as cuts and incentives are enacted, amid war uncertainty and slow growth.
MENTIONED IN THIS ARTICLE
Washington
Bush
San Waen Aline
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Smucker Ky
Scottsville. Ky
J.M. Smucker Co
Kentucky
State Cabinet
Smucker
Orville
FirstEnergy Corp
AKRON
Lake Erie
FirstEnergy
NRG Energy Inc
Cleveland
Toledo
NRG
Anthony Alexander
Ohio
Ashtabula
Oregon
Eastlake
Television
Ottawa
LG Philips Displays
Mexico
Nancy Morman
Lee Stewart
Salomon Smith Barney
Sanford Weill
NYSE
Dick Grasso
New York Exchange
New York Stock Exchange
Christine Bruenn
North American Securities Administrators Association
Nght
Lnjons
Boomer
Joan Williams
American University Washington College of Law
Williams
Washington Post
Treasury
John W. Snow
Stephen Friedman
Congress
Administration
Robert V. DiClemente
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