U S urges swift action by Japan to clean up bad loans
The United States pressed Japan to accelerate cleaning up bad loans and restructuring its banks as Deputy Treasury Secretary Lawrence Summers and Finance Minister Hikaru Matsunaga met in Tokyo. Officials warned decisive reforms and stimulus are needed to revive Japan’s ailing economy and reassure markets.
MENTIONED IN THIS ARTICLE
U.S
Japan
Tokyo
United States
Treasury
Lawrence Summers
Hikaru Matsunaga
Moody’s Investors Services
Credit Bank of Japan Ltd
Matsunaga
Summers
U.s.japan
Kyodo News
Asia
Hashimo
Hashimoto
Clinton
Mainichi
Washington
Nikkei
Keizo Obuchi
Dow ends week with 100 point drop
The Dow Jones Industrial Average fell 100.14 to 8,712.87 as stocks slid in a volatile week amid global recession fears. Earnings outlooks, notably Goldman Sachs, pressured market prospects while Microsoft rose on rising forecast optimism and Disney declined after downgraded projections. Global markets and yen strength fed investor caution ahead of a weekend Asian finance meeting.
MENTIONED IN THIS ARTICLE
New York
Dow
Japan
Goldman Sachs
Microsoft
Disney
Goldman
U.S
U.S. Federal Reserve
Moody’s Investors
Charles G. Crane
Tokyo
Philippines
South Korea
Thailand
Indonesia
New York Stock Exchange
Standard & Poor
Chinese imports spark cheaper goods and trade concerns
Washington reports U S imports from China total 63 billion dollars last year while two way trade grows, creating cheaper toys and clothes for consumers but a growing U S deficit. Clinton's China trip faces pressure over market access and barriers, with WTO membership in doubt.
MENTIONED IN THIS ARTICLE
Washington
China
Clinton
America
U.S
Japan
Richard Nixon
Cedar Fair declares 32-cent per unit distribution
Cedar Fair L P, owner of Cedar Point and five amusement parks, declares a quarterly cash distribution of 32 cents per unit. Payment date is August 14 to record holders July 3, reflecting an annualized rate of 1.28 per unit. Other parks include Valleyfair Dorney Park Worlds of Fun Oceans of Fun and Knott's Berry Farm.
MENTIONED IN THIS ARTICLE
Cedar Point
Sandusky
Cedar Fair L.P
Cedar Fair
Valleyfair
Minneapolis-St. Paul
Dorney Park & Wildwater Kingdom
Allentown
Worlds of Fun
Kansas City
Knott’s
Berry Farm
Los Angeles
Buena Park
Calif
Also Mentioned on This Page
Fed
World Trade Organization
White House
Commerce
William Daley
Administration
Owen A
Sliman
Eid Cluth
DODGE
Chrysler-P
Plymouth
Pfi
FORD
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!