Amtrak Shutdown Crisis Prompt Bush Mineta Pledges
Senator Torricelli said President Bush and Transportation Secretary Mineta assured him they will keep Amtrak operating as staff scramble for a $200 million loan to close the budget gap. White House emphasized reform while Gunn seeks funds and lenders weigh guarantees amid looming service cuts.
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Washington
Amtrak
Bush
Transportation
Norman Y. Mineta
Robert Torricelli
D-N.j
Mineta
Torricelli
New Jersey
White House
Claire Buchan
Reid
Federal Railroad Administration
Transportation Department
Railroad Administration
United seeks 1.8 billion in federal loan guarantees
United Airlines asks the Air Transportation Stabilization Board for 1.8 billion of a 2 billion private loan, as the carrier estimates a billion dollars in losses since the September 11 attacks. It joins America West and US Airways as the third major carrier to pursue stabilization aid.
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Chicago
United
America West
US Airways
Air Transportation Stabilization Board
Jack Creighton
Creighton
Euro climbs toward parity with dollar as travelers feel impact
European currency gains lift costs for American travelers like Thomas Metcalf in Berlin and raise caution for budget vacationers in Paris and Berlin. U.S. exporters also gain from a weaker dollar while euro strength squeezes margins on Turkish ports and European rivals.
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Frankfurt
Germany
U.S
Thomas Metcalf
Berlin
Eiffel Tower
Reichstag
Metcalf
University of California At Berkeley
Met
Calf
Berlin Wall
Robert Henry
Richmond
Henry
Arc de Triomphe
Paris
Europe
Tony Raimondo
Behlen Manufacturing Co
Columbus
Neb
Raimondo
Martha Stewarts ImClone stock sale under probe
Congressional investigators examine new information that may contradict Martha Stewarts statements about her ImClone share sale and widen scrutiny of associates. They review whether she had inside information before Dec 27 when FDA refused to consider Erbitux and probe Bacanovics client list for other pre-announcement sales.
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Washington
Martha Stewart
House
Stewart
ImClone
Tive Samuel Waksal
FBI
Manhattan
Waksal
Peter Bacanovic
Merrill Lynch
Bacanovic
House Energy and Commerce Committee
Food and Drug Administration
FDA
Nasdaq Rebounds After Tech Rally Dips Amid Turmoil
On Monday Nasdaq briefly fell below the Sept. 11 level before a tech led rally lifted major indices. IBM, Microsoft, and Intel powered the Dow while Nasdaq climbed 1.3 percent to 1,460.44, aided by short covering amid lingering concerns about earnings, governance, and terrorism impact.
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Wall Street
New York Stock Exchange
Robert Streed
Northern Select Equity Fund
Chicago
Psycholeex
Standard & Poor
Dow
IBM
Microsoft
Intel
Goldman Sachs
Lucent
Nortel
UBS Warburg
Martha Stewart
Omnimedia
Wall Street Journal
Philip Morris
Dynegy
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Charles Schumer
Jon Corzine
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Howard Horberg
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