Economists doubt tax cuts will spur Bush job revival
Economists warn the 550 billion tax cut may not trigger significant hiring by the 2003 election. Obstacles include slow growth, business pessimism, excess manufacturing capacity, and rising deficits. Nobel laureates urge temporary spending boosts rather than permanent tax cuts. unemployment rose to 6 percent with 48,000 jobs lost in April.
MENTIONED IN THIS ARTICLE
Washington
Bush
White House
Stephen Roach
Morgan Stanley
Roach
Kenneth Arrow
Stanford University
John Silvia
Wachovia Securities
Charlotte
Nlc
Silvia
Labor Department
Kmart void in Sheffield could be filled by big retailer
Carnegie Management and Development Corp president Rustom Khouri says negotiations are underway with a large national retailer to fill the Cobblestone Square space, after Kmart closed the 142,500 square-foot Cobblestone store last month. Mayor Darlene Ondercin wants a replacement retail tenant and cites Meijer, Lowe's, Home Depot and Wal-Mart as possibilities.
MENTIONED IN THIS ARTICLE
Sheffield
Super Kmart
Cobblestone Square
Rustom Khouri
Carnegie Management and Development Corp
Kmart
Smart Kmart
Fica
Darlene Ondercin
Meijer
Lowe’s
Home Depot
Wal-Mart
Khouri
Sachs North America to open first business at French Creek Park
Sachs North America will construct a 100000 square foot distribution center in the French Creek Business Park Sheffield on Preservation Boulevard for 4 million dollars. The facility will employ 40 to 50 workers and aims to be operational by year end. Projections foresee 1000 new jobs over 10 years with more firms moving in.
MENTIONED IN THIS ARTICLE
Sachs North
Sheffield
French Creek
Preservation Boulevard
East River Road
Sachs North America
Paul Bert
Sachs
Liberty Court
Elyria
Bert
Sach
Alanta
John Kovach
Comrow Ltd
Kovach
French Creek Business Park
Darlene
Ondercin
Coach
Barry Berman
Robert W. Baird & Co
Milwaukee
U.S
Dow
Institute For Supply Management
Arrow Aluminum and Precision Lay Off 38 From Avon Lake Firms
Arrow Aluminum cut 35 of 80 workers and Precision Mold and Pattern laid off three of 14 as part of downsizing amid higher natural gas and health care costs. Coats, an 18 year Precision veteran, was laid off and faces uncertain job prospects while considering 401K funds to cover bills.
MENTIONED IN THIS ARTICLE
Avon Lake
Arrow Aluminum
Precision Mold and Pattern
Peter Petto
Petto
Arrow
Precision
Daniel Coats
Coats
US Steel
Boeing faces dual federal probes over competitor data
Boeing Co is under two federal investigations by the Air Force and Justice Department tied to allegations it obtained proprietary Lockheed Martin information for a 1.37 billion satellite launch contract won in 1998. Investigations center on a 1999 incident, two fired Boeing engineers, and a later civil suit dismissed in 2002.
MENTIONED IN THIS ARTICLE
Chicago
Boeing Co
Boeing
Lockheed Martin Corp
US Air Force
Air Force
Valerie Barkes
Securities and E
Kenneth Branch
William Erskine
Orlando
Natasha Roit
Los Angeles
Branch
Erskine
Lockheed
Rolt
Stocks hover mixed as Boeing probe cools gains
New York stocks closed mixed amid a federal probe into Boeing and profit taking after a strong rally. The Dow fell 51.11 to 8531.57, the Nasdaq rose to 1504.04, and the S&P 500 slipped to 26.55 as investors awaited the Fed meeting and Cisco’s after hours report.
MENTIONED IN THIS ARTICLE
New York
Boeing
Wall Street
Standard & Poor
Wall Street Journal
Justice Department
Dollar slides as euro hits four year highs in market pause
In New York trading the euro rose to near 1.12 dollars, then about 1.12 to 1.19 read, while the dollar softened to around 118.6 yen and 1.34 Swiss francs as holiday markets limited activity. The pound edged higher to roughly 1.6065 as health plan earnings and a legal settlement weighed on U.S. insurers.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
United Kingdom
Japan
Also Mentioned on This Page
Chicago Tibuna
Robert Hormats
Goldman Sachs International
Basrel
Northern Trust
C. Bush
Advi
Fas
Srad Dicken
Chronicle-Telegram
Brad Dicken
Beicken
Chronicletelegram.com
Steve Kolano
Boston Co. Asset Management
Dow Jones
Fed
Cisco Systems
Kolano
Oxford
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