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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 29, 2002
Page
1
Atlanta based report says Coca Cola will launch Diet Vanilla Coke in stores by October. Industry Magazine cites strong Vanilla Coke sales since its March debut and notes it topped 21 ounce beverage sales in supermarkets and drug chains.
Analysts compare today’s Nasdaq and Dow slides to the 1929 crash and 1987 shocks. Experts warn of a long recovery as tech heavy Nasdaq remains off 75 percent from its March 2000 peak while the Dow- broader indices slump, with Bar Sig nal and several market historians noting parallels and risks.
Union figures weigh strategies to broaden labor critique beyond reforms and press for bold actions. Andy Stern of SEIU predicts major initiatives within six months, while AFL CIO chief John Sweeney sharpens rhetoric after WorldCom turmoil.
A federal complaint alleges Adelphia Communications figures including Timothy and John Rigas siphoned 66 million in advances and 252 million in copay money to cover margin tabs. It claims family members used Adelphia planes for personal travel and misused assets for various ventures, including trips to Africa and transporting a Sabres player to games.
Washington observers say White House may press for broader trade powers after House approval of a key bill, while facing protectionist pressure from steel tariffs and farm subsidies. Analysts warn a successful WTO deal by 2005 hinges on confronting textile lobbies and concessions to developing nations, with fast track authority anticipated to be at stake.
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