Economy gets relief as CPI holds steady and production rises
U S price gains paused in May easing deflation fears while factories mines and utilities boosted output 6.1 percent in May. Housing construction also climbed 6.1 percent to 1.78 million annual rate as White House optimism grows and Fed eyed rate cut to spur growth.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
CPI
Mark Wimner
Wachovia
Federal Reserve
Commerce Department
White House
Ari Fleischer
Bush
Cos
Fleischer
Ex Rite Aid CEO Grass pleads guilty in fraud case
Former Rite Aid chairman and CEO Martin L Grass agreed to an eight year prison term and a 500200 fine plus 3 million forfeiture after pleading guilty to conspiracy to defraud and to obstruct justice He faces potential testimony against others while cooperating with prosecutors in a case alleging massive accounting fraud that inflated Rite Aid stock prices and led to a 16 billion restatement in 2000 timeframe Rambo judge will decide after presentence investigation and pending advisement
MENTIONED IN THIS ARTICLE
Harrisburg
Rite Aid Corp
Martin L. Grass
Grass
Enron
U.S
Sylvia H. ‘Rambo
Rite Aid
Rambo
WorldCom Inc
Martin L Grass
Rebecca Ewing
Mary Spearing
Hamsburg
Hoover to sell factory to fund reinvestment
Hoover Co plans to sell its North Canton Industrial Park plant to raise cash for reinvestment as it battles sales declines and plans further cost cuts. President Tom Briatico says the company may cut more jobs and will push national advertising while focusing on core products and new housewares beyond floor care.
MENTIONED IN THIS ARTICLE
North Canton
Hoover Co
Tom Briatico
Hoover
North
Canton
el Paso
Texas
Juarez
Mexico
Briatico
Maytag Corp
Maytag
Amana
Jean- Air
Keith Minton
Tom Rice
Dean Kirkpatrick
Consumer reports lift stocks modestly on CPI data
Wall Street inched higher as reports show modest economic improvement and housing gains, while CPI held steady in May easing inflation fears. Investors weighed a potential Fed rate cut after a CPI surprise, with Dow at 9323.02 and Nasdaq at 1668.44 as Circuit City jumped after a quarterly loss.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
Dennis Ferro
Evergreen Investments
Labor Department
Chris Wolfe
J.P. Morgan
Wolfe
Ferro
Circuit City
Sterling gains push dollar and euro rise on rate bets
Sterling climbs to a four and a half year high against the dollar as higher UK rates lure investors. The euro sits near 1.1791, the dollar at 118.12 yen, with Swiss francs at 1.3079 and Canadian dollars at 1.3399. Microsoft gains after West Virginia settles antitrust claims. Pfizer lifts outlook. AT&T declines after a Merrill downgrade.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Microsoft
West Virginia
Lehman Brothers
Pfizer
Dow
At&t
Merrill Lynch
Familiar Phrase Puzzle Arranged From Letters
A newspaper style puzzle asks readers to spot a well known saying or name hidden within a shuffled letter grid. The clue invites recognition of a common expression through reordering the letters to reveal a familiar phrase or proper name.
Also Mentioned on This Page
United States
Sveti
Chronicle On Time
Rcept
Cuyahoga Oe
International Brotherhood of Electrical Workers
Jim Repace
Briatco
Repace
Massillon
Kirkpatrick
Ines
Standard & Poor
Sterling
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