Layoff rates show stability as claims drop again
Washington AP reports new jobless claims fell for a third straight week to 404,000 with a four week moving average at 428,250, signaling potential stabilization in the labor market. Economists caution hiring may be slow, with unemployment possibly edging to 6.2 percent in June amid sluggish first quarter GDP growth of 1.4 percent and lingering wartime uncertainties.
MENTIONED IN THIS ARTICLE
Washington
Mark Zandi
Economy.com
Labor Department
Mark Witner
Wachovia
Commerce Department
United States
Iraq
Mexico City Gears Up for World’s Last VW Bug
Mexico's beloved Volks wagon, the last new bug not to be confused with the Beetle, will roll off Puebla’s line this summer after decades as the people's car. Competition from newer small cars and better safety tech hasten its end, with a retro edition planned in July.
MENTIONED IN THIS ARTICLE
Mexico City
Rodio
Puebla
Germany
Sig
Ramirez
Teodoro Moreno
Bug Aficionados
Morelia
Mexico
Adolf Hitler
U.S
Brazi
Marcos Bureau
Vodiomania
Labor Dept sues Enron over pension losses and mismanagement
The Labor Department filed a civil lawsuit against Enron, former executives including Kenneth Lay and Jeffrey Skilling, and directors for violating pension laws and harming employees by overexposed retirement plans. Fastow faces nearly 100 criminal charges. Chao vows accountability and recovery of employees' retirement savings.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Enron
Bush
Kenneth Lay
Lay
Jeffrey Skilling
Andrew Fastow
Fastow
Labor
Elaine Chao
Familiar Phrase Puzzle Reveal
A word arrangement asks to identify a well known saying or name hidden among the letters. Look for common proverbs or famous proper nouns formed by reading contiguous or letter-bridged segments across the layout. The solution is a recognizable familiar phrase or name embedded in the pattern.
Stocks make modest gains after Fed cut and GDP data
Wall Street edged higher as a stabilizing layoff picture and a softer GDP report tempered expectations after the Federal Reserve's quarter point rate cut. The Dow rose 67.51 to 9,079.04, Nasdaq up 31.35 to 1,694.01, and S&P 500 gained 10.50 to 985.82. Major movers included Intel up 0.59 to 20.63 and IBM up 1.86 to 84.35.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
Michael Palazzi
SG Cowen Securities
Standard & Poor
Commerce Department
Intel
IBM
Dotcom Investors Tentatively Settle IPO Fraud Case
New York AP reports that more than 300 dot-coms including Global Crossing MP3 com Ask Jeeves and Red Hat agreed to pay investors at least 1 billion to settle IPO fraud allegations. Banks Morgan Stanley JP Morgan Credit Suisse First Boston and Smith Barney allegedly used laddering and inflated commissions while brokers plotted to boost stock value. Settlement coverage by insurers requires court approval and cooperation from all sides.
MENTIONED IN THIS ARTICLE
New York
Global Crossing
Mp3.com
Ask Jeeves
Red Hat
Melvyn J. Weiss
J.P. Morgan
Credit Suisse First Boston
Morgan Stanley
Smith Barney
Weiss
Also Mentioned on This Page
Raul Ramirez
Chao
Houston
Texas
Dons
Jack Kelley
CLA & Associates
Jackkelley Qqlink
Leavitt Rd
Dotcom
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