Clinton moves toward steel import plan amid job fears
Washington AP The Clinton administration prepared a document outlining its strategy to curb low cost steel imports, aiming for release today to meet a congressional deadline. Lawmakers from Ohio and West Virginia pressed for decisive action as Weirton Steel warned of 900 lost jobs, while unions planned protests in Washington to spotlight imports and possible anti-dumping tariffs. A separate report on South Korea was sent to Congress with a classified section.
MENTIONED IN THIS ARTICLE
Washington
Clinton
U.S. Trade
Charlene Barshefsky
Congress
U.S. Steel Industry
USW
Independent Steelworkers Union
Weirton
White House
West Virginia
Bernard W. Schmitt
Diocese of
South Korea
Computer discounts push down holiday PC prices
NEW YORK cheap computers drew buyers away from pricier PCs this Christmas as retailers slash inventories. Prices fell below 1000 dollars on average desktop models, with under 600 dollar machines rising to 16 percent of sales by November, while promos for ultra-low end units surged.
MENTIONED IN THIS ARTICLE
New York
Matt Sargent
ZD Market Intelligence
la Jolla
Calif
David Goldstein
Channel Marketing Corp
Dallas
Euro rises on opening day amid euro launch optimism
In Frankfurt Europe’s euro opened strong against the dollar, trading above expectations as officials celebrate the launch of the 11 nation monetary union. The euro moved from 1.1668 to around 1.1820 in Europe and 1.1830 in New York, with coins and notes due in 2002.
MENTIONED IN THIS ARTICLE
Frankfurt
Germany
Europe
U.S
Tokyo
New York
Opening Stocks Early Most Active Stocks in New York
Early prices for NYSE listed most active stocks show mixed results as traders scan the tape. Names like BestBuy and Caterpillar appear amid volatile quotes with volume and price movements noted.
MENTIONED IN THIS ARTICLE
New York
NYSE
Rome
BelSos
Blurred Lines Define New SUV Segment At Auto Show
DETROIT AP The North American International Auto Show features crossovers and hybrids as manufacturers push sport utility pickups. Nissan unveils the Xterra a midsize SUV aimed at outdoor enthusiasts with cargo space for bikes plus tools. Ford debuts Explorer Sport Trac and Lincoln Blackwood while BMW introduces the X5 as its first SUV. Ford plans production for Sport Trac early next year with pricing not yet set.
MENTIONED IN THIS ARTICLE
Detroit
J Mays
Ford Motor Co
Nissan Motor Co
Nissan
Smyrna
Tenn
Ford
Los Angeles
Mays
BMW
Manufacturing at 8 year low in December
NEW YORK AP manufacturing activity fell to 45.1 in December, the lowest since May 1991, signaling seven straight months below 50 and ongoing contraction amid weak domestic demand and global turmoil. Analysts noted exports declined, with concern over the steel sector and a slowing economy in 1999.
MENTIONED IN THIS ARTICLE
New York
National Association of Purchasing Management
U.S
Trade Group
Robert Barbera
Hoenig & Co
David Resler
Nomura Securities International Inc
Also Mentioned on This Page
Rep
Bob Ney
Ohio
Ohio River
W.va
Weirton Steel
Ney
United Steel Workers Union
Mike DeWine
General Motors
Wheeling-Charleston
Wall Street
New York Stock Exchange
Oria
Oe Ezy
Re Bis
Nlewspar
Walnut Street
NASD
Alfied Corporation
Alttel American Grestings
Bob Evans
Cedar Fair
Cleveland Indians
Columbia Energy
CVS
Bea
Daimler Chrysler
Emerson Electric
First Energy
FirstMerit Bancorp
Ford Motor Boat
Goodrich
Ine
SIPC
AISG
Tvs
SPC
Asaet
Mare Securites
WSS
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