Fed cuts sixth time this year but only quarter point
The Federal Reserve lowered the federal funds rate by a quarter point to 3.75 percent in a sixth cut this year, signaling continued support for growth while economists weigh the risk of higher inflation from credit tightening. Markets reacted with the Dow falling and the Nasdaq slightly up as banks began lowering prime rates.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Wall Street
Bank of America
Bank One
Mark Zandi
Economycom
Federal Open Market Committee
Alan Greenspan
Federal Reserve Banks
Fed Cuts Rates Again to Stem Economic Weakness
The Federal Reserve reduced the federal funds rate by a quarter point marking the sixth cut this year. Officials cited risks leaning toward weakness and expect inflation to stay contained. The discount rate was also trimmed to 3.25 percent as part of the easing campaign begun in January.
MENTIONED IN THIS ARTICLE
Fed
Steel imports fall in May amid debate over tariffs
Steel imports dropped 17 percent in May to two million tons from April with a 35 percent decline vs May 2000. Through May 2001 imports are down 30.8 percent from a year earlier as Bush seeks ITC probe into subsidized foreign steel and possible punitive actions. Companies report 18 bankruptcies and 20,000 jobs lost since 1998.
MENTIONED IN THIS ARTICLE
Washington
United States
Commerce Department
Bush Administration
US International Trade Commission
Brazil
China
Japan
Korea
Russia
International Trade Commission
Commission
Bush
Local stocks list from NASD market quotation
A dense stock quotation summary lists values for numerous corporations including Ford Motor General Motors Honeywell PLC, CVS Corp Emerson Electric Boeing? No, Sky Financial Group and USX among others. The file shows bid or price data such as 1068 181 and 58 42 for Alitell and Ames Dept Stores, with many tickers and prices like 44 76 for DaimierChrysler 63 for General Motors and 99 for Emerson Electric.
MENTIONED IN THIS ARTICLE
Akin Investment Securies
Walnut Street Secures, Inc
NASD
SIPC
AISGG
WSS Alitell
American Greeting Ames Dept
Bob Evans
Cedar Fair
Nnsource Inc
CVS Corp
DaimierChrysler
Emerson Electric
Englehard
First Energy
Finssent Bancorp
Ford Motor
General Motors
PolyOne Corp
BF Goodrich
Fifth Third Bank
Lorain auto seat maker wins state loan for expansion
Advanced Automotive Systems Inc. in Lorain receives a new 950000 loan as part of a 2.4 million 40000 square foot expansion by the Lorain Port Authority. The company, a key supplier for Daimler Chrysler and others, has received prior state support totaling about 2.5 million with 400000 repaid.
MENTIONED IN THIS ARTICLE
Columbus
Lorain
Lorain Port
Advanced Automotive Systems
Colorado Avenue
Scat Inc
Ford
Honda
General Motors
Daimler-Chrysler
Durango
Dakota
Port Authority
Foran Ay Akin Records Remarkable 1906 Event
A fragment notes a 1906 event linked to Foran Ay Akin with figures 075 320 02 S39900 4350 4205 SHO and time stamps 080 150 idte 064. The readable line hints at a historical milestone or observance and an unusual numeric code.
Also Mentioned on This Page
Federal Funds
Jason Seman
Brian Egan
Randolph Post
News Headline Board
New York Stock Exchange
Ibank
FDIC
Gay Tuton
Mene
Aig
Ageren
Arad
snalogDev
Gopache
Ose
Aoe
Knoe
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!