Shippers announce fuel surcharges to offset rising aviation costs
MEMPHIS based Federal Express adds 3 percent to all shipments within or from the US and 10 cents a kilo to international air freight starting Feb 1 with similar moves from Trans World Airlines and American Airlines Cargo. Meanwhile a Y2K issue affected UK card terminals, a Bank of England overview says it was minor. Duramed completes sale of 13 million shares to Solvay Pharmaceuticals with Solvay gaining board seat. Solvay is based in Marietta Georgia.
MENTIONED IN THIS ARTICLE
Memphis
Federal Express
FOX Corp
International Express
Trans World Airlines Inc
TWA
American Airlines Cargo
AMR Corp
Cincinnati
Duramed Pharmaceuticals Inc
Georgia-baed
Solvay Pharmaceuticals Inc
Duramed
Solvay
Top firms invest against Y2K in Lorain county
Elyria reports major Y2K readiness across firms. Invacare spends 4 to 6 million addressing internal ops suppliers and utilities while maintaining monitoring during a four day weekend. Republic Technologies International cites significant but undisclosed spending after mergers. Ross Environmental Services plans maintenance mode to test safety and utility suppliers assure a smooth transition. Ford Motor Co. operates a global response center with weekend plant monitoring and a planned Jan 3 restart.
MENTIONED IN THIS ARTICLE
Elyria
Invacare Corp
Susan Elder
Invacare
Elder
George Manos
Republic Technologies International Inc
Manos
Republic
USS/Kobe Steel Co
Lorain
Maggie Kelch
Ross Environmental Services Inc
Kelch
Wall Street quiet as Nasdaq holds above 4000
Wall Street drifted lower in a quiet session with the Nasdaq trading above 4,000. The Dow fell 31.80 to 11,452.86 and the Nasdaq slid 4.59 to 4,036.87 while the S&P 500 edged up 1.01 to 1,464.47. Holiday volume was light as traders wrapped up for New Year’s Eve.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Private charitable funds push tax deductible envelope
Fidelity Investments creates the Charitable Gifts Fund a hybrid mutual fund and foundation that lets donors contribute tax deductibly and select among 600000 IRS recognized charities. Critics warn of lax oversight possible abuse and loss of traditional charity funding as Vanguard Merrill Lynch PNC Bank and others copy the model.
MENTIONED IN THIS ARTICLE
Washington
Fidelity Investment
Foundation
America
American Cancer Society
American Red Cross
Harvard University
The
Salvation
Fidelity
Earl Taylor
Omaha Community Foundation
Inter
Ested
Vanguard Group
Merrill Lynch
PNC Bank
American Guaranty & Trust
Top new product innovations for 1999 unveiled
Marketing Intelligence Service Ltd. highlights 1999’s top consumer goods innovations focused on taste, convenience, and health. standout items include Spoon-in-a-Snap yogurt, Benecol cholesterol reducing spread, Picklevator pickles, Eggos toaster muffins, Post Kids Create a Crunch cereal kit, and Arm & Hammer Dental Care PM toothpaste.
MENTIONED IN THIS ARTICLE
Marketing Intelligence Service Ltd
New York
Colombo
Tom Vierhaile
Marketing Intelligence
Product Alert
Productscan Online
Productscan
Vierhile
Incredibles
Breakaway Foods
Kellogg's
Post
Dean Foods
Peter Piper
Arm & Hammer Dental Care
Polaroid
Also Mentioned on This Page
Bridge News
San Francisco
Bank of England
Rich Woytowich
Ford Motor Co
Hemia Thee
Voytowich
Buenos Aires
Argentina
Wall Street
Charles G Crane
Dow Jones Industrials Qualcomm
Paine Webber
Walter Piecyk
Qualcomm
Piecyk
Ing
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