Confidence sinks as consumer mood hits four year low
Consumer confidence slid for a fifth straight month in February to its lowest since mid 1996 amid fears over jobs and income. The Conference Board said expectations for business and employment weakened while durable goods orders fell 6 percent in January, excluding volatile segments down 0.3 percent.
MENTIONED IN THIS ARTICLE
Conference Board
New York Business Organization
U.S. Commerce Department
Econo
Wells Fargo Bank
Federal Reserve Board
Ian Shepherdson
Valhalla
Commerce Department
U.S
Fed
Wayne Angell
Bear Stearns
New York Stock Exchange
Fed judges scold earlier arbiter of Microsoft split
Washington AP judges chide trial judge Thomas Penfield Jackson over media interviews that criticized Microsoft. Microsoft argues bias could nullify the breakup verdict while government and appeals judges warn against bias claims and consider whether to remand for factual findings on market definitions and competition.
MENTIONED IN THIS ARTICLE
Fed
Microsoft
Washington
U.S
Thomas Penfield Jackson
Harry Edwards
U.S. Court of Appeals
District of Columbia
Jackson
David Sentelle
John Roberts
Richard Urowsky
Court of Appeals
Urowsky
David Tatel
Steven Holley
David Frederick
Justice Department
Edwards
District Court
Sentelle
FDA and Big Tobacco push for FDA tobacco controls
Five years after the FDA began regulatory plans, major tobacco players including Philip Morris urge Congress to grant FDA authority over tobacco. Supporters argue government labels could certify safer cigarettes and ingredient details, aiding farmers and consumers. Critics in Congress show uneven backing.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
Philip Morris
Congress
FDA
U.S
Con
Investigators widen probe into cancer drug marketing
Federal probes extend to Bristol-Myers Squibb as grand jury subpoenas arise over oncology drug sales to physicians. The inquiry, rooted in TAP Pharmaceutical actions, expands across firms and Medicare marketing practices amid related pleas and corporate reserves.
MENTIONED IN THIS ARTICLE
Washington
Bristol-Myers Squibb Co
New York
U.S
Lake Forest
Boston
TAP
Indiana
Connecticut
Medicare
Bristol-Myers Squibb
Bristol-Myers
Patrick Donohue
The
Wall Street Journal
Tech stocks plunge as consumer confidence hits four-year low
Nasdaq sinks 100.68 to 2207.82 amid weak economy fears and no Fed rate cut. Dow drops 5.65 to 10636.88 and S&P 500 falls 9.71 to 1257.94 as techs lead losses while confidence and factory orders weaken.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Wall Street
Fed
Central Bank
Jon Brorson
Northern Trust
Dow Jones
Standard & Poor
JDS Uniphase
Cisco Systems
Dow
IBM
Hewlett-Packard
Brorson
Philip Morris
J.P. Morgan Chase
ExxonMobil
Alan Greenspan
House Financial Services Committee
Greenspan
Euro Rises as U S Confidence Falls
The Conference Board's February consumer confidence reading hit its lowest in over four years, lifting the euro to about 92 cents in New York trading before trimming gains. The dollar weakened against major currencies in European trading while gold rose. Later European quotes put the euro around 91.86 cents and 91.52 cents in New York activity.
MENTIONED IN THIS ARTICLE
Atlantic
London
Conference Board
U.S
New York
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Hbbeeth
National City
National-City.com
Ars Om Mintifiones
FDIC
Big Tobacco
Sumers
Andrew Shepherd
Rep
Bob Etheridge
D-N.c
Jesse Helms
North Carolina
Mitch McConnell
Kentucky
Chicago Tribune
Richard E. Cripps
Legg Mason
Baltimore
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