Clinton Pushes China WTO Deal Amid Bipartisan Clash
Washington battles over permanent normal trade relations with China as Congress debates the WTO entry. Key lawmakers in California and across the Bay Area weigh human rights, workers rights, and environmental concerns against high tech and business interests. The White House conducts broad lobbying efforts with Cabinet aides traveling nationwide to sway wavering members.
MENTIONED IN THIS ARTICLE
Knight Ridder
Washington
Congress
NAFTA
China
World Trade Organization
Silicon Valley
Pacific
Clinton
WTO
Taiwan
United States
Sions
Ellen Tauscher
Dcalif
Bay Area
Tauscher
Anna Eshoo
D-Calif
California
Zoe Lofgren
Sam Farr
Dianne Feinstein
Barbara Boxer
Senate
House of Representatives
White House
Alan P. Larson
San Francisco
Commerce
William Daley
Agriculture
Dan Glickman
Amusement parks boycott public rules forum in California
Amusement park operators including Walt Disney and Universal Studios did not attend a state forum on new safety and inspection rules. Critics say the absence signals a boycott as reporters observed a gulf between proposed regulations and park wishes.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Oakland
Calif
Walt Disney Co
Universal Studios Inc
Cedar Fair drops plan to manage VisionLand park in Alabama
Cedar Fair L P says taxpayer backed VisionLand near Birmingham faced financial uncertainty mainly from the planned outlet mall. The Ohio operator would have taken over management, paid off 2.5 million in VisionLand debt and 1.5 million in basic expenses, but mall doubts stalled the deal. VisionLand’s future and a 90 million VisionQuest Aquarium are at stake as Bessemer officials weigh tax revenue and financing.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
VisionLand
Brian Witherow
Cedar Fair L.P
Sandusky
Ohio
Cedar Point Amusement Park
Witherow
Cedar Fair
Bessemer
Park Board
Larry Langford
VisionQuest Aquarium
Calvin Biggers
Biggers
Mail of America
Minnesota
Cedar Fair Amusements
American Greetings posts first year sales drop since 1906
American Greetings Corp reports year end sales down for the first time since its founding in 1906. Fourth quarter earnings fall about 10 percent to 79 cents a share on 615.3 million in sales, while the full year yields 1.97 per share on 2.1 billion in sales.
MENTIONED IN THIS ARTICLE
Cleveland
American Greetings Corp
American Greetings
United Kingdom
Canada
Jim King
American Greeting
King
Gibson Greetings Inc
U.S
Hallmark
Morry Weiss
New York Stock Exchange
Nader leads suit against DaimlerChrysler tax breaks in Toledo
Consumer advocate Ralph Nader, backing Toledo homeowners and small business owners, sues the city and DaimlerChrysler over a 300 million incentive package for keeping a Jeep plant. He calls the deals corporate welfare and seeks to stop new tax breaks while arguing the deal is unconstitutional and not available to all businesses.
MENTIONED IN THIS ARTICLE
Toledo
Ralph Nader
Nader
Green Party
DaimlerChrysler AG
DaimlerChrysler
Jeep
Peter Enrich
University of Toledo
Noted analyst urges stock trimming as Cohen advises cash
Abby Joseph Cohen, Goldman Sachs strategist, cuts stock allocation from 70 to 65 percent and adds 5 percent in cash. Technology shares led a broad market slide with the Dow down 89.74, the S&P 500 off 16.12, and the Nasdaq falling 124.67, while Intel, Yahoo, and Amazon declined. Airlines rose on upbeat outlooks, and Microsoft remained volatile amid antitrust drama as consumer confidence dipped in March.
MENTIONED IN THIS ARTICLE
New York
Abby Joseph Cohen
Wall Street
Cohen
Standard & Poor
Goldman Sachs
Larry Wachtel
Prudential Securities
Intel
Sun Microsystems
Yahoo
Amazon.com
Dow
American Express
J.P. Morgan
J.B Morgan
Microsoft
U.S
Thomas Penfield Jackson
OPEC
Delta Airlines
UAL Corp
United Airlines
UAL
Conference Board
Margin borrowing and stock prices in question
The San Francisco Fed Economic Letter questions the impact of higher margin requirements on share prices. Simon Kwan notes most research finds only a brief price effect after announcements, while margin borrowing has grown since 1999 with derivatives offering new access to shares beyond traditional cash purchases.
MENTIONED IN THIS ARTICLE
San Francisco
Intel Corp
Intel
Micro
Athlon
Washington
San Francisco Federal Reserve Bank
Simon Kwan
Ing
Federal Reserve
Alan Greenspan
Kwan
Also Mentioned on This Page
Intels
Bridge News
At&t
At&t Corp
Securities and Exchange Commission
United Parcel Services Inc
Cedar Fair Drops
Alabama Park
D Cohen
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