Producer prices slide in 1997 amid energy drop
Labor Department reports U S producer prices fell 1.2 percent in 1997 the largest drop since 1986 led by a 6.4 percent decline in energy costs food prices also eased by 1 percent while prices for other goods were flat Fed official Meyer forecasts slower growth in 1998 but inflation remains under control He notes Asia turmoil tempers expansion and could influence rate policy and inflation paths.
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Washington
United States
Labor Department
U.S
Federal Reserve
Laurence H. Meyer
U.S. Treasury
Treasury
Meyer
Asia
Economic Strategy Institute
Fed
Britons rally to buy Rolls Royce amid German worry
In England a Rolls-Royce Action Committee gathers wealthy owners to raise about 1.1 billion dollars to bid for Rolls-Royce Motor Cars. They argue the British icon should stay British amid interest from BMW Daimler-Benz and Volkswagen, while noting Britain’s manufacturing decline and foreign ownership trends.
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Crewe
England
Rolls-Royce Action Committee
Rolls-Royce
London Stock Exchange
Lionel Whitehead
Scotland
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Daimler-Benz
Volkswagen
Vickers
Michael Shrimpton
Longmore
Royal Air Force
Britain
Mercedes
Rover
U.S
Holiday Bargains Boost Some Retailers into Post-Christmas
Shoppers flocked to stores in late December as discounts pulled in buyers. Merrill Lynch index rose 5.2 percent for December, with Wal Mart Target strong, Neiman Marcus and Saks also posting solid results while J C Penney Ann Taylor and Talbots posted declines.
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Merrill Lynch
Wal- Mart
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Talbots
Opening Stocks Show Wide Activity In Early Trade
AP reports early on the New York Stock Exchange the most active stocks by volume, listing gainers such as Amoco, Walmart, Pfizer and Merck with varied price changes. The page reflects a bustling session with numerous tickers showing notable moves, reflecting market breadth and investor interest.
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Amoco
Amet
Local Stocks Rise For CoBancomp and Partners
Local stocks report gains for CoBancomp Inc Columbia Gas CVS Corp and Englehard on steady trading as investors monitor energy and chemical sectors amid market fluctuations.
MENTIONED IN THIS ARTICLE
CoBancomp Inc
Columbia Gas Cvs Corp
Englehard
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