Banks returning billions in Y2K cash to Federal Reserve
Banks nationwide prepared to return up to 50 billion dollars in cash to 37 Federal Reserve offices after the year 2000 rollover failed to trigger panic hoarding. Federal officials noted withdrawals were not as high as expected, and most cash remained unused or in vaults.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Virginia
Federal Reserve Board
Lynn Fox
Rose Pianalto
Treasury Department
U.S
Pranalto
Citibank
Susan Weeks
Bank of America
Torah Neptune
Chase Bank
John
Greenspan Nominated For Fourth Term As Fed Chair
President Clinton nominates Alan Greenspan for a fourth term as Federal Reserve chair. Greenspan, 73, praised for guiding the economy toward a long expansion, while markets react to the news with a notable Dow decline amid rate-rise worries.
MENTIONED IN THIS ARTICLE
Washington
Alan Greenspan
Federal Reserve
Clinton
U.S
Greenspan
Wall Street
Fed
Federal Reserve Board
Oval Office
White House
Retailers embracing headsets to boost store efficiency
Retail chains from Old Navy to American Eagle employ headsets once used by astronauts and pilots. Managers say hands free communication reduces stress and boosts service, with Plantronics citing improved multi tasking and inventory control.
MENTIONED IN THIS ARTICLE
Neil Armstrong
America
Mission Control
Old Navy
Target
American Eagle Outfitters
Joe Kerin
American Eagle
Madonna
Garth Brooks
Janet Jackson
Mike Tighe
Plantronics Inc
Santa Cruz
Calif
Plantronics
Tighe
The
Gap
Maureen Brown
Banana Republic
Brown
Toys R Us
Kerin
Pittsburgh
Dollar strength pushes yen lower on BOJ intervention
The dollar rose sharply against the yen to around 103.28 after the Bank of Japan sold yen to curb the yen’s climb. Traders noted that Japan’s central bank actions contrast with the Fed and ECB, amid a Dow drop of about 360 points and mixed currency moves including a slight euro rebound.
MENTIONED IN THIS ARTICLE
New York
Tokyo
Bank of Japan
Japan
U.S. Federal Reserve
European Central Bank
Wall Street
U.S
DIW
Northwest Airlines sues sickout tied to flight attendants union
Northwest Airlines filed a federal lawsuit against Teamsters Local 2000 alleging a sickout as a covert union action to pressure concessions during contract talks. The airline says sick calls since December canceled over 300 flights, while the union cites long-running negotiations and a rejected tentative deal. The airline seeks an immediate restraining order and withdrawal of sickout directives.
MENTIONED IN THIS ARTICLE
ST. Paul, Minn
Northwest Airlines
Northwest
Eagan
Teamsters Local 2000
Billie Davenport
Also Mentioned on This Page
Washington Post
First Union Bank
Charlotte
N.C
First Union
Christy Phillips
Suntrust
Atlanta
Tony Mattera
Hall
American Bankers Association
Pianalto
Senate
Texas
George Bush
Trent Lott
Rmiss
Senate Banking Committee
Phil Gramm
Reagan
Paul Volcker
Volcker
Allen Sinai
Patty Morris
Morris
Ber
Tors
Mediation Board
National Mediation Board
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