State Farm suspends new Mississippi homeowner and commercial policies
State Farm Insurance Corp halts new homeowners and commercial policies in Mississippi citing an untenable legal and political climate after Hurricane Katrina. The suspension begins Friday and lasts until Mississippi's business climate improves, while existing policies and financial services remain unaffected.
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Mississippi
State Farm Insurance Cos
Gulf
Florida
Louisiana
Amy Whittington
Louisiana Department of Insurance
Whittington
Gulf of Mexico
State Farm
Mike Fernandez
Fernandez
Biloxi
Bernanke upbeat on economy boosts markets and rates stance
Fed Chair Ben Bernanke delivered an overall optimistic assessment of inflation and housing while signaling rates may remain steady for a while. The Dow rose 87 points to a fresh high as Bernanke noted moderate growth this year and next, with housing drag diminishing but inflation risks still possible.
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Federal Reserve
Ben Bernanke
Fed
Wall Street
Bernanke
U.S
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Senate Banking, Housing and Urban Affairs Committee
Chrysler to cut 13k jobs in restructuring
Chrysler announces a 16 percent workforce reduction with plant closures and shift cuts at Newark Delaware, Warren Michigan, and St. Louis plus a 100 worker Streetsboro parts center closure. The plan aims to return U.S. operations to profitability by next year amid possible DaimlerChrysler options.
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Auburn Hills
Mich
Chrysler
DaimlerChrysler
Newark
Del
Warren
St. Louis
Streetsboro
Victor Harris
DaimlerChrysler AG
Sean McAlinden
Center For Automotive Research
Ann Arbor
Japan
Toyota Motor Corp
McAlinden
U.S
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General Motors Corp
Canada
Daimler- Chrysler
United Auto Workers
Ron Gettelfinger
General Holsefield
Chrysler Rec
Cleveland
Warren, Mich
I Pi
Truck simulator aids Carlile in reducing Alaska road risks
Carlile Transportation Systems in Anchorage uses a Tran-Sim VS IV computer simulator to train drivers and simulate rollover scenarios. The system costs 133000 dollars and aims to lower accident rates, cut recruiting costs, and improve service quality for Carlile's 600 plus employees and crews across the U S and Canada.
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Anchorage
Alaska
Fred Downes
Carlile Transportation Systems
Downes
John McCoy
Camile
McCoy
Nals
U. and
Canada
Houston
North Slope
Carlile
L3 Communications
Harry McDonald
McDonald
McClatchy
Fred Downs
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