Ample supplies keep US gas prices lower than predicted
Ample diesel and reformulated gasoline supplies have cooled a feared summer spike. Nationwide prices average about 1.51 dollars a gallon, down from last year, with Tulsa and Detroit showing notable relief. Experts cite rising production and a lagging demand, while drivers report real savings at the pump.
MENTIONED IN THIS ARTICLE
Detroit
Roberta Pitts
Lundberg
Michael Lynch
Dr-Wefa
Bedford
Mass
George Beranek
Petroleum Finance Co
Washington
Tulsa
Millions to billionaires: study on wealth and home equity
A Consumer Federation of America and Provadian study finds 46 million families exceed a million dollars in net worth, with 43 million affluent households holding at least 100000 in assets. The report links home equity, employer matches, and savings plans to wealth, noting rising thresholds since 1980.
MENTIONED IN THIS ARTICLE
Regis
U.S
Consumer Federation of America
Provadian Financial Corp of
San Francisco
Federation
Stephen Brobeck
Brobeck
Providion
Shailesh Mehta
Lkely
Mehta
Ohe State University
Catherine Montalto
Federal Reserve
Montalto
Rockefellers
New York University
Edward Wolff
Thomas Stan
Ley
William Danko
America
FedEx cuts hours not jobs as volumes fall
FedEx Express cuts hours at the Memphis hub to match slower shipping after 4,500 full time equivalents were reduced. Five-year worker Seripps Howard Strait, 26, rides it out, planning to return to school while FedEx leans on partial layoffs and reduced hours to stay lean amid weak demand and a looming 2002 outlook.
MENTIONED IN THIS ARTICLE
Daniel Strait
fedEx Express
Art Express
FedEx Corp
Community College
Strait
FedEx Memphis
Labor Department
U.S
FedEx
Bennie Williams
Memphis
Indianapolis
Dallas-Fort Worth
Anchorage
Alaska
Wiliams
Williams
Michael J. Loeb
McCutchen, Doyle, Brown & Enerson LLP
Loeb
FedEx 15
US Postal Service
Greenspan coolly optimistic on economy but not too upbeat
Fed Chairman Alan Greenspan prepares mid year testimony to the House Financial Services Committee on the U.S. economy and policy. Analysts expect a cautiously upbeat message suggesting a bottoming expansion with growth likely over 18 months while leaving room for more rate cuts if needed.
MENTIONED IN THIS ARTICLE
Bridge News
Federal Reserve
Alan Greenspan
Capitol Hill
Greenspan
Fed
U.S
House Financial Services Committee
Omy
Witner
Charles Lieberman
Advisors Financial Center
Nomura Securities
David Resler
Resler
Tech stock slide triggers market fall
New York markets dropped as technology shares led a broad retreat after mixed earnings, with the Nasdaq down 27 percent from recent highs and the Dow and S&P 500 slipping. Citigroup and Bank of America beat forecasts yet failed to reverse the negative mood amid cautious investor sentiment and weak inventory data.
MENTIONED IN THIS ARTICLE
New York
Citigroup
Bank of America
Commerce Department
Wall Street
Standard & Poor
Barry Hyman
Ehrenkrantz
King Nussbaum
Bank of New York
Halliburton
Hewlett-Packard
Matt Brown
Wilmington Trust
Novellus Systems
Unisys
New York Stock Exchange
Japan
Europe
Germany
Britain
France
Dollar Mixed Across Currencies As Yen Falls
The dollar was mixed against major currencies as the yen slid after a downbeat Bank of Japan assessment of Japan's economy. The euro posted slight gains, while Japan warned of worsening conditions, including falling production and exports, triggering the yen’s decline.
MENTIONED IN THIS ARTICLE
New York
Bank of Japan
Japan
Also Mentioned on This Page
Joe Golema
Southgate
Mich
Les Coblert
Chicago
Seripps Howard
Ior
Richard Berner
Morgan Stanley
Dean Witter
Mark Witner
First Union Capital Markets
Econ
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