Greenspan warns of stock market downturn ahead
Washington AP. Federal Reserve Chair Alan Greenspan warned Congress that a market correction is likely though timing remains unclear. He noted broad-based gains have inflated household net worth and warned against excessive debt as prices fall. He cautioned lawmakers that revenue boosts from stock values can mislead budgeting.
MENTIONED IN THIS ARTICLE
Washington
Congress
Federal Reserve
Alan Greenspan
U.S
Joseph P. Kennedy II
D-Mass
Greenspan
Ford expands Claycomo plant for compact SUV launch
Ford Motor Co expands the Claycomo facility to produce a compact sport utility vehicle for the 2001 model year. The project, worth about 750 million dollars, includes a 122000 square foot expansion and a temporary shutdown in early 2000. The vehicle, code named U204, will seat five and offer front and four wheel drive with side air bags and highway efficiency over 20 mpg. The plant currently employs about 5200 workers and will shift some jobs from other sites to Claycomo as production grows.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Claycomp
Ford
Jac Nasser
Nasser
Claycomo
Gerry Minor
Cuautitlan
Mexico City
Aspiring musician charts path with photography business
Dan Portik, 36, built Jamestown Group Inc. into a $1 million design and photography firm over ten years, with clients including Al Baker and Ameritech. He also launched Motivision Ltd. making stress relief screen savers, while composing music and aiming to become a full time consultant and musician.
MENTIONED IN THIS ARTICLE
Portik
Jamestown Group Inc
al “Bubba” Baker
Cleveland Browns
Detroit Lions
Jamestown Group
Motivision Ltd
Dan Portik
Bubba
Baker
Detroit
Stocks Slip Sharply Amid Asia Worries and Dow Drop
New York stocks fell sharply as Dow slides led the decline and tech names Computer Associates Hewlett Packard and DuPont dragged the market. The Dow lost over 200 points while the S P 500 dipped nearly 1 point after wavering. Traders cited Asia’s financial troubles as lingering downside risk.
MENTIONED IN THIS ARTICLE
New York
Warings
DuPont
Hewlett-Packard
Computer Associates
Standard & Poor
Dow
Merck
Asia
Charles Pradilla
SG Coweh Securities
Pradilla
Disney
Tokyo
Frankfurt
London
Early Active Stocks Open Mixed on NYSE Trading
New York AP reports early prices show mixed activity among NYSE listed stocks with several big names such as AMD, Alcatel, Boeing, and Merck moving. Investors watch highs and lows as volume shifts, while several major manufacturers and consumer firms show varied gains and losses in early trading.
MENTIONED IN THIS ARTICLE
New York
Cinte
AMD
TIAGO
Bae | AG
Me Alcatel
Sali
Amini
Amocas
Beng Oy Baker
ST Baxter Vie Zismod
BayNtwt
BetSoida
Boeing
INI Ag “Anal
Also Mentioned on This Page
Dow Jones
Fed
Clinton
Treasury Department
Japan
Knight Ridder Newspapers
George Magliano
WEFA
Toyota
Magliano
Jane Trager
The
Chronicle-Telegram
Westlake
John
Ameritech
Cookie Co
Ad Sr
Aticop
Compass
Benz Ware
Dal-Tita Deere
Disneys
Enscos
Equanta Exxon
Fedids
Fonnec
Fauc
GenElec
Hevdet
Dilten
Loewen
Monsan
Molorgla
Nisagu NamsBie
Newett
Nielsen Nokas Not
Mie & Ae
Asie
PioNiia
Pohang
QuakCal
Bay Rotting
ReylDut
Seccoms
Safeways
Saralee
Schimb
Schwabs
Singer
Smidbes
Smidbes 083e SPackdg Swsttirs = 00a Sybrans. TelBras! «1940 Telex
UmiSiEn
Ig Beth
Doran Sein Gas
Thy
UnionPac
Bovis
Zapala
Dugh
Invacare Corp
Akin Investment Securities
Keycorp
Walrut Street Securities, Inc
Lear Seating
LNB Bancorp
NASD
SIPC
AISG
WSS
Lesco Inc
Allied Corporation
MickAm. Inc
Alltel Nordson Corp
Northern Savings Bie
American Greetings
Office
Bob Evans Farms
Cedar Fair
P.N.C. Com
Chrysler
Parker Hannifin
CoBancorp NA Rpm Inc
Columbia Energy
Royal Appliance Sia Cvs Cop
Sherwin Williams RY
Emerson Electric
Smackers
SJMA
Englehard
Sterns
First Ene
Sunrise Medical
FirstMerit Bancorp
Ford Motor
Usx
General Motors
York International
BF Goodrich
Walnut Street
Ses, Inc
SPC
Hills Dept
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