Consumers raise spending in May data show modest gains
May consumer spending rose 0.1 percent as income climbed 0.3 percent. With prices not adjusted, spending and income growth supported hopes for a pickup in the economy amid job market softness. The Fed cut rates to 1 percent while savings rose to 3.5 percent, signaling cautious but continuing consumer strength.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
United States
Joel Naroff
Naroff
Federal Reserve
Dow Jones falls below 9000 as profits lure investors
The Dow Jones industrials drop nearly 90 points ending a four week gain run as investors take profits amid modest growth in consumer income and spending. The Dow settles at 8989.05, Nasdaq down 0.5 percent and S&P 500 off 1 percent, with weekly declines across major indices.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Dollar mixed as euro steadies afterFed rate cut and quarter-end
The euro held at about $1.1428 while the dollar rose against the yen and pound but slipped vs the Swiss franc and Canadian dollar. The FOMC cut rates 25 basis points, market watchers noted window dressing at quarter end, and Michigan sentiment slipped to 89.7. Nike and Abbott moved on earnings and charges, Genentech rose on Avastin news as trading remained choppy and volume light.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
Federal Reserve
Open Market Committee
University of Michigan
Robert Harrington
UBS
Nike
Abbott Laboratories
Pharmaceutical Company
Genentech
Biotech
Food and Drug Administration
New York Stock Exchange
Men Enter Nursing Profession Amid Recruitment Push
Cleveland AP report notes recruiters target men for nursing amid shortages. Men now 5.4 percent of nurses and rising in four year and two year programs. Campaigns by Case Western Reserve, Johnson & Johnson, University of Iowa, and Oregon Center for Nursing highlight pay, mobility, and tough ER imagery to attract male students. Some turnover remains higher among men, with 7.5 percent leaving within four years.
MENTIONED IN THIS ARTICLE
Cleveland
Rob Davis
Case Western Reserve University
Davis
Division of Nursing
U.S. Department of Health and Human Services
National League For Nursing
American Association of Colleges of Nursing
Johnson & Johnson
University of Iowa
Oregon Center For Nursing
Pennsylvania
Michael Braker
Honolulu
Hawaii Pacific University
AK Steel plans talks with union on competitiveness
AK Steel Corp seeks discussions with union leaders at its Middletown Works and Butler Works to cut costs and boost competitiveness. Spokesman Alan McCoy said private talks will cover all employees, as the stock traded around 3.55 dollars after near-year lows. Union leaders must decide whether talks could reopen the contract expiring February 28, 2006.
MENTIONED IN THIS ARTICLE
Middletown
AK Steel Corp
National Steel
Alan McCoy
AK Steel
Builer (Pa
New York Stock Exchange
Middletown Works
Armco Employees Independent Federation
Also Mentioned on This Page
Wall Street
Dow Jones
Marc Stefanski
Third Federal
Ours
Bank Smart
North Olmsted
Federal Sav Igs & Loan
Obertin
Olmsted Township
Rocky River
M.thirdfederal.com
Nursing
School of Nursing
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!