Weiss brothers take helm at American Greetings
Zev Weiss is named chief executive and his brother Jeff Weiss promoted to president and chief operating officer effective June 1, while Morry Weiss remains chairman. The restructuring cut 1,500 jobs and closed six plants, with plans for further cost savings and strategic initiatives to boost profitability.
MENTIONED IN THIS ARTICLE
Cleveland
American Greetings Corp
Zev Weiss
Jeffrey Weiss
Morry Weiss
James Spira
American Greetings
New York Stock Exchange
Hallmark
Jeff Weiss
Irving Stone
Jacob Sapirstein
Sumer
Mike Goulder
Bob Ryder
Steve Willensky
Thieves raid 100 diamond vaults in Antwerp center
In Antwerp Belgium thieves emptied more than 100 vaults at the Diamond Center likely the largest theft here. Officials say the loss will be in the many millions with an inside job suspected as investigators question workers and review security.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
Antwerp
Brazil
Youri Steverlynck
High Diamond Council
Steverlynck
Diamond Center
Leon Nuyts
Nuyts
Storm lifts slowly as Northeast airports struggle to clear
Flights to Boston Philadelphia New York and Hartford resume gradually while large numbers remain stranded at Florida and California hubs. BWI faced heavy snow with 28 inches, delays continued Tuesday as airlines warned more disruptions into Wednesday and travelers planned to wait out the backlog.
MENTIONED IN THIS ARTICLE
Miami
mid-Atlantic
Boston
Philadelphia
New York
Hartford
Conn
Florida
California
Baltimore-Washington International
Rosanna Blum
Hunt Valley
Baltimore
LaGuardia
Kennedy
Newark
Logan
Margie D'Onofrio
King of Prussia, Pa
Bahamas
D’onofrio
D'Onofrio
AirTran
Pas
Southwest Airlines
Brandy King
American Airlines
Todd Burke
American
Orlando International Airport
Carolyn Fennell
Lisa de la Rionda
Palm Beach International Airport
South Florida
Stocks rise as bargain hunters push Wall Street higher
Bargain hunting extends a two week rally with the Dow up 182.35 points to 8041.15 and the Nasdaq at 1346.54 as investors bet a war with Iraq may be delayed and a lower terror alert looms. Heinz gains after reaffirming its 2003 forecast.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Iraq
Todd Clark
Wells Fargo Securities
Clark
Standard & Poor
Union OKs ISG deal
Workers at International Steel Group approved a six year contract retroactive to December 15 with wages from 15 to 20 50 per hour. The pact links job security to expanded training and includes a mail in vote tally of 2058 in favor. ISG operates plants in Cleveland Indiana Harbor East Chicago and Hennepin and acquired Acme Steel's caster and hot strip mill. Bethlehem Steel may join ISG creating a 16 million ton capacity.
MENTIONED IN THIS ARTICLE
Cleveland
International Steel Group Inc
LTV Steel
Steelworkers
Leo W. Gerard
LTV Corp
Gerard
David McCall
Ohio
Gerald Dickey
ISG
Youngstown
WL Ross & Co. LLC
Wilbur Ross Jr
Indiana Harbor
Chicago
Ind
Hennepin
Ill
Warren
Riverdale
Acme Steel
Ross
Bethlehem Steel
U.S
Bethlehem
Dickey
Robert S. Miller
Visa and MasterCard say 5.6 million accounts affected in data breach
AP reports a third-party processor breach exposed about 3.4 million Visa and 2.2 million MasterCard account numbers. Visa USA said no fraudulent activity is reported yet and monitoring continues. The processor’s fraud team alerted issuing banks and works to prevent future intrusions under zero liability.
MENTIONED IN THIS ARTICLE
New York
Visa
MasterCard
Visa USA
Mike Riley
Mation
Foster City
Calif
Dollar fluctuates amid Iraq war signals and G7 meet
The dollar rose against most majors on hopes U S led action against Saddam Hussein might be delayed, while signs Japan will not curb the yen before the G7 Paris meeting. The euro slipped to 1.0691, the yen at 118.89, and the pound fell to 1.5906.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
Iraq
Saddam Hussein
Japan
Masasuro Shiokawa
Paris
Tech stocks rise as Nokia deal boosts Oracle
Microsoft gained after a 2 for 1 stock split while Oracle advanced on news of a Nokia deal to give mobile users access to email and corporate data. Alcatel rose as the market rallied on software and telecom sector optimism.
MENTIONED IN THIS ARTICLE
Microsoft
Oracle
Nokia
Alcatel
Also Mentioned on This Page
Blum
Bwi
Dawn Shuford
Seattle
Washington Area
Reagan National
Dulles
Philadelphia International
U.N
Security Council
France
Dow
Homeland Security
Tom Ridge
Mark Dona
Massocca
Union Oks
Deal
Eo W. Gerard
Union Preside
Hhehiye
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