Jeep Cherokee retirement pause amid steady sales in Toledo
Daimler Chrysler said Cherokee production will continue beyond March 2001 due to strong demand. Toledo plant, oldest US auto factory, builds Cherokees and Wranglers with about 800 units daily. Union leaders press to keep Cherokee, citing plant flexibility and potential for new prototypes.
MENTIONED IN THIS ARTICLE
Toledo
Daimler- Chrysler AG
Daimler- Chrysler
Jodi Armstrong
Jeep
Martin Levine
DaimlerChrysler
United States
Edward Mercer
Assembly
Bruce Baumhower
United Auto Workers Local 12
Ken Dudley
UAW
Detroit
Baumhower
Greenspan worried by margin debt surge at year end
Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee he was obviously worried that margin borrowing to buy stocks surged toward year end 1999. He said regulators are evaluating the issue but the Fed is not ready to curb margin requirements.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Senate Banking Committee
Greenspan
Fed
Senate
Bill Clinton
Huffy closes refinancing with lenders for 175 million
Dayton based Huffy Corp said it closed agreements with its lenders and Congress Financial to secure about 175 million in financing through June 30, 2001. Congress will provide up to 100 million revolving credit, part of proceeds to cut existing loans by about 30 million. chairman Don Graber notes credit exceeds planned needs.
MENTIONED IN THIS ARTICLE
Dayton
Huffy Corporation
Congress Financial Corporation
Congress Financial
Huffy
Don R. Graber
CEQ
Ford posts record 1999 profit and revenue gains
Ford Motor Co. reported a 1999 net income of 7.2 billion, a company record and up 10 percent from 1998 operating income. Annual revenue reached 163 billion, with Q4 revenue at 44 billion, while profit-sharing for hourly workers could average around 7,500. Despite these records, Ford’s stock fell on the NYSE.
MENTIONED IN THIS ARTICLE
Ford Motor Co
U.S
Ford
Dearborn
Mich
New York Stock Exchange
Comerical Bank
David Littmann
Ford General Motors Corp
DaimlerChrysler AG
Associates First Capital
North America
Coca Cola announces largest downsizing in history
Coca Cola Inc will cut 6,090 jobs, about 20 percent of its workforce, including 2,500 at its Atlanta HQ, in a restructuring aimed at $300 million annual cost savings. The move costs $800 million this year and includes asset writedowns of $813 million in several countries.
MENTIONED IN THIS ARTICLE
Atlanta
Coca-Cola Inc
Coke
Coca Cola Company
Eaton to retire as DaimlerChrysler cochairman on March first
Detroit AP reports DaimlerChrysler co chair Robert Eaton will retire March 1 at age 59 after steering the merger of Chrysler and Daimler Benz. Eaton had pledged to stay no more than three years beyond the 1998 acquisition, leaving once major merger hurdles were cleared.
MENTIONED IN THIS ARTICLE
Detroit
Daimler- Chrysler
Robert Eaton
Chrysler
Daimler-Benz AG
Eaton
Daimler- Benz
Juergen Schrempp
Nasdaq And S&P Decline As Tech Slump Hits Markets
Stocks closed mostly lower as investors feared a rate hike and fled tech shares despite strong earnings. Nasdaq dived 97.50 to 4069.91 while Dow rose 3.10 to 11032.99 and S&P 500 slipped 5.94 to 1404.09. Qualcomm dropped 24 points after beating estimates but warning of softer sales ahead.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Ricky Harrington
Wachovia Securities
Charlotte
N.C
Qualcomm
Also Mentioned on This Page
Daimler-Chrysler
Bridge News
Michael Gale
Ben & Jerry's Inc
Ben & Jerry's
California
Los Angeles
Century City
Ben & Jerry's Homemade Inc
Knight Ridder Newspapers
Coca-Cola
Russia
Baltics
Japan
Latin America
Philippines
France
Belgium
Europe
Bank of America Montgomery
David Goldman
Bill Pecchietto
Sanford C. Bernstein & Co
Restructur
Ing
Pecoriello
Douglas N. Daft
Douglas Ivester
Daft
Recov
Dell
Austin, Texas
Dell Computer Corp
Gateway Inc
Providence
R.I
Pennsylvania
Vermont
West Virginia
North Carolina
South Carolina
Tennessee
Georgia
Rhode
Nasdaq
S&p
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