Wall Street in a funk as war fears chill the economy
U.S. business leaders freeze spending and hiring amid war anxiety and a weak recovery. Analysts warn of a potential double dip, unemployment near 6 percent, and consumer confidence at a nine year low as the GDP growth slows to 0.7 percent in late 2001.
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Subway expands in Avon Commons as city adds eateries
Avon adds a new Subway at Avon Commons next to Cari bou Coffee joining Panera Bread International House of Pancakes and Costco. Mayor Jim Smith says the project boosts local dining options and keeps lunch dollars in town.
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Powell UN address spooks Wall Street as Iraq war jitters grow
U S markets wavered then fell for a second day as Colin Powell's UN presentation raised fears of war with Iraq and the hit to the economy. Dow dropped to 7985.18 while Nasdaq and S P 500 eased amid war prospects. Powell cited tapes and photos as proof of disarmament defiance.
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Market mood tightens as U.N. support questions linger
Strategist notes the time frame narrows while U.S. and Britain lead calls for Saddam disarmament amid Security Council divisions. ISM nonmanufacturing index climbs to 54.5 in January signaling service growth. El Paso cuts dividend 82 percent and sells assets, Aventis trims outlook, Cisco gains hold steady, Alcoa upgrades to buy. Market breadth uneven with 4 down vs 3 up. Russell 2000 slips 0.5.
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Wnotes Confused Co Wrings Wading Result
Fragmentary text shows stray notes and numbers. unclear context limits accurate summary. No coherent people places or events can be identified from the readable phrases.
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