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The Chronicle Telegram in Elyria, Ohio

04 May 2005

Page 12

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

May 04, 2005

Page

12

Fed raises key rate as inflation concerns persist

The Federal Reserve lifted the federal funds rate by 0.25 percentage point to 3.0 percent, citing inflation risks. Banks raised prime lending rates to 6.0 percent, the highest since 2001, while policymakers signaled more hikes likely this year. The Dow edged higher as investors anticipated further tightening.

MENTIONED IN THIS ARTICLE

Washington Federal Reserve Alan Greenspan Federal Funds Fed Federal Ecards Browell Ayhe Barrow Pickey Wall Street Dow Jones Scala Nyse Amex Naspag Alec Aut Jevertast ureyFod Hades Ianat Jexzoutaly Eile Ispmifon Jos Uigl Havraweed Air Vale LowesCes NY lAgichrat Kasd BiaiSon Wasd Meier Mase NeDakas NY Calpe Microsoft NASA Aif Ignitytel Nordson Nate As Mead Cisco Tas Dacre Crane Seeaistidas Nas Nak Amasia Sherten NY SiatelSys Smurkor Senfon SPDR Sten NY Goocech Sunda Vanguard Lux IGAAG Bani Olay Magra Corte Nisedy Invest Conta XG ovyiCie Jamanean Wocon Janercanfunas A Eunata Fes Bsiide Nargia NL Fide Ieost Arnone Funds Jaranuran Leah An Wasi Pi Jammnicanards & Tah Vaangnanards Firolly Avast Eg Inc Otto Dirauptcy Et Racatvaretin Footrenaar Taylor Owen
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Open Media Network aims to share audio video on the Internet

Mike Homer and Marc Andreessen promote a nonprofit Open Media Network to distribute authorized audio and video files for free via file sharing. Unlike peer to peer rivals, it screens bootlegs and targets independent filmmakers public television and hobbyists. The venture taps weblog growth and high speed net access while facing market uncertainty.

MENTIONED IN THIS ARTICLE

Mike Homer Homer Netscape Wunderkind Marc Andreessen Kazan Open Media Network Ooned Meditat Graphics Uo
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Tiny March Rise in U.S. Factory Orders Yet to Boost Economy

Commerce Department data show U.S. factory orders up 0.1 percent in March, marking a smaller gain after a 0.5 percent drop in February. Durable goods demand slid previously with revisions cooling the pace, while analysts call the slowdown a temporary soft patch.

MENTIONED IN THIS ARTICLE

Barre Fed Washington Commerce Department Taoking Maveh Federal Reserve Chiuitain Alan Greenspan
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Evans to lead Financial Services Forum a major lobbying group

Former Commerce Secretary Donald Evans named chief executive officer of the Financial Services Forum, a Washington lobby group representing Citigroup Goldman Sachs JP Morgan Chase Allstate American Express and AIG. The announcement was made Tuesday by the Forum, a coalition of 18 large financial services firms.

MENTIONED IN THIS ARTICLE

Washington Commerce Donald Evans Bush Financial Services Forum Evans Torum Citigroup Goldman Sachs J.P Morgatt Chase & Co Allstate Insurance American Express American International Group
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Tyco CEO defends his actions in court

Tyco chief executive Bronis Kozlowski testified in a Manhattan state court defending his compensation decisions. He said he left communications to lawyers and accountants while acknowledging he signed key documents concerning the company’s finances.

MENTIONED IN THIS ARTICLE

Tyco New York Furi Tyes International Bronis Kozlowski State Supreme Court Manhattan Kozlowski
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Also Mentioned on This Page

Jeannine Aversa Povicy-Nakers KV Execution Services Federal Reserve Board New York Stock Exchange The Dow Jones Industria Dally Mar Dally High Bais Low Transportation Fussell Wilghies Haieat BN Ae Network Sunnyvale Cal Open Media Netwar John Palfrey Berkman Center For Internet & Society Harvard Law School Palfrey Batt Coogle Ing Id Yahoo Inc Google Yahoo Homer Id Tyne Topig LOS Angeles Times Atherton, Calif Ex-Commerce Secure Head Lobby Group Wheeling-Pitt Wheeling W.va Wheelin Pittsharel Corp Wheeling Pit Steubenville Ohio
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