Clinton Welcomes Tobacco Regulation Hint From Philip Morris
President Clinton expressed optimism after Philip Morris suggested possible regulatory steps for the tobacco industry. David Kessler called it a big step, while critics warned the company may be offsetting scrutiny to improve its image and buy time for an embattled sector.
MENTIONED IN THIS ARTICLE
Clinton
Tobacco Regulation
New York
Philip Morris
Food and Drug Administration
David Kessler
Kessler
Tax break pacts stay in force for Ford and 19 others
Elyria’s Tax Incentive Review Council urged continuation of tax abatements for 20 firms in the county including Ford Major Co. The panel, which reviewed job creation and investment, foresees a Friday session to discuss abatements for 14 more companies. Ford’s 10 year abatement nears its end with 1999 tax data showing $3.5 million paid and $2.3 million saved. Ford employs 2,739 people and has invested $1.18 billion in facilities and equipment. Representatives from county officials and local districts attended.
MENTIONED IN THIS ARTICLE
Ford
Elyria
Ford Major Co
Mark Stewart
County Commissioners
Stewart
Ron Twining
Avon Lake
Sheffield
Sheffield Lake
Betty Blair
Michael Ross
Mary Jo Vasi
Oil prices rise as Venezuela hints no OPEC increase
Crude futures climbed about 1 percent as Venezuela signaled no immediate OPEC output rise, keeping markets anxious over shrinking world stocks. WTI April settled up 30 cents at 30.43, near nine year highs, with API data showing draws in U.S. crude and gasoline stocks and higher refinery utilization.
MENTIONED IN THIS ARTICLE
Venezuela
OPEC
New York Mercantile Exchange
West Texas
U.S
Phil Flynn
Alaron Trading Corp
Chicago
Ali Rodriguez
Rodriguez
Flynn
Organization of Petroleum Exporting Countries
American Petroleum Institute
U.S. Department of Energy
API
Senators wary of AOL Time Warner merger plan
Senators questioned the value and binding nature of AOL Time Warner open access promises. The panel voiced concern the $160 billion stock swap could give the merged company too much control over news and information distribution and urged contingencies to ensure real openness.
MENTIONED IN THIS ARTICLE
Washington
America Online Inc
Time Warner Inc
Capitol Hill
Stephen Case
AOL
Gerald Levin
Media
Time Warner
Congress
Senate Judiciary Committee
Orrin Hatch
Utah
AOL Time-Warner
Hatch
Tech stocks push Nasdaq to record as Dow gains
New York stock market rallied with the Nasdaq closing at a record 4696.69 as technology shares led the rise. The Dow climbed 89.66 to 10128.41, helped by chip and equipment firms after Salomon Smith Barney and Chase H&Q issued positive notes. Broad indices rose and volume hit new highs, while analysts warned the rally could fade.
MENTIONED IN THIS ARTICLE
New York
Dow
Standard & Poor
Salomon
Motorola
Applied
Herrlett- Packard
General Electric
Boeing
Wall Street Journal
At&t
Home Depot
Fed
Orr
3Com
Palm Inc
New York Stock Exchange
NYSE
Momiay
Also Mentioned on This Page
Clear Channel
SFX Entertainment Inc
SFX
Clear Channel Communications Inc
Conference Board
Santa Clara
Calif
Com Corp
New Orleans
Phoenix Products
Quickie Designs
ARNCO
LESCO
George R. Hall
Geon Corp
MANCO
A.J. Rose
Jenne Distributors
Maroon Corp
Westlake Tool & Die
Freeman Manufacturing
Assembly Partners
Technifab
Avon
HKM
Sheffield Metals Tat. Inc
Robertson Heating
Metokote
Lectroetch
Wall Street
Todd Christie
Jell
America Online
Ken Nadack
Jaffray
Dr. Seuss
Cat In the Hat
National Education Association
Associated Press
Stackerahnund
Steve Shobin
Lehman Brothers Inc
Federal Reserve
David Orr
First Union Securities Inc
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