Consumer confidence hits near decade low in March
The Conference Board reports the Consumer Confidence Index fell to 62.5 in March from 64.8, the lowest since October 1993, amid worries about the economy and the Iraq war. Analysts expected 62.6, while Wall Street rose on Bush war optimism. Existing home sales fell 4.3 percent to 5.84 million annual pace, yet remained near record levels aided by low mortgage rates.
MENTIONED IN THIS ARTICLE
New York
Con Shiner
Iraq
Conference Board
HealthSouth Seeks Delisting Amid Accounting Fraud Claims
The New York Stock Exchange plans to delist HealthSouth Corp after widespread fraud allegations. A Birmingham federal court scheduled hearings on asset freezes for founder Richard Scrushy as regulators press civil charges claiming $14 billion in overstated earnings since 1999. HealthSouth halted trading March 19 and Scrushy denies wrongdoing through a company spokesman.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
New York Stock Exchange
HealthSouth Corp
HealthSouth
Richard Scrushy
Scrushy
The
Securities and Exchange Commission
Civi
Exchange
SEC
Stocks rise on Bush victory forecast and data
Wall Street climbed after Bush predicted U.S.-led forces would prevail in Iraq as traders cited a stronger consumer confidence report and reports of a civilian uprising in southern Iraq. The Dow rose 65.55 to 8280.23, the Nasdaq gained 21.23 to 1391.01, and the S&P 500 added 10.41 to 874.74 amid higher volume and market volatility.
MENTIONED IN THIS ARTICLE
Wall Street
Bush
Iraq
Standard & Poor
Mark Witner
Wachovia Securities
Charlotte
N.C
New York
Stabi
Lize
Road Clark
Wells Fargo Securities
Dow
Senate
Dard & Poor
Traqi
U.S. Air Force
Richard Myers
Tony Blair
Middle East
Basra
Conference Board
Continental warns of cuts in Cleveland hub status risk
Continental Airlines will scale back Cleveland Hopkins service unless regional business travel grows. Gordon Bethune warned Hopkins could lose hub status as the carrier shifts to smaller planes and suspends Cleveland to London flights amid a 20 percent domestic and 40 percent international drop in bookings. The carrier plans large job cuts and expense reductions across its system if demand does not rebound with the war.
MENTIONED IN THIS ARTICLE
Cleveland
Continental Airlines
Gordon Bethune
Iraq
Bethune
Continental
U.S
Houston
Newark
N.J
Akron-Canton
Hopkins
London
Dollar Dip Markets Edge Higher On Iraq War Hopes
The dollar slid against major rivals on fears of a prolonged Iraq conflict but pared losses after Basra uprising reports. It traded around 1.0654 per euro, 120.15 yen, 1.3826 Swiss francs, 1.4765 Canadian dollars, and the pound at 1.5720 dollars.
MENTIONED IN THIS ARTICLE
New York
Dowdones
Iraq
Saddam Hussein
Basra
Grant Wilson
Mellon Bank
Pittsburgh
Mornday
Consumer Confidence Dips Despite Strong Home Sales Read
The Conference Board index falls to 82.5 from a revised 64.8 in February amid war worries, beating expectations of 62.0. Existing home sales at 5.84 million SAAR drop 4.8 percent from January, but remain among the top months on record. Stocks swing on war news as analysts cite Baghdad as a dominant market factor. firms like DHL and UnumProvident rise on deals and earnings restatements.
MENTIONED IN THIS ARTICLE
Conference Board
Iraq
Lynn Franco
The
Consumer Research Center
Reading
National Association of Realtors
Saddam
Wall Street
Baghdad
4.C. Moore
Donvegat Associates
Airborne
Deutsche Post
DHL Shipping Service
Securities and Exchange Commission
JetBlue
Bear Stearns
Also Mentioned on This Page
Iraq War
National Association of Real Estate Agents
Bosra
EIA
Warwatch
Ernie Knewitz
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