Swiss tourism regains sparkle amid strong winter gains
St Moritz and Zermatt lead a rebound in Switzerland's tourism after a decade of slowdown. Hotel stays rose about 6 percent as foreign visitors boosted Lakeland ski traffic 15 to 20 percent. Tourism supports 300000 jobs while foreign spend nears 8 billion dollars, with US Britain and Italy driving summer hopes. Lucerne faces a downturn due to Asian markets though tourism chief Kurt Oli plans youth-oriented revamp including converting a historic prison into a youth hostel.
MENTIONED IN THIS ARTICLE
ST. Moritz
Switzerland
France
Zermatt
United States
Britain
Italy
National Tourist Board
Swiss Tourism
Susanne Rieder
Rieder
New York
Lucerne
Kurt Oli
Illi
the Palace Hotel
Gstaad
U.S
Great Britain
After Closings, Magellan Funds Thrive Amid Growth
Fidelity Magellan and three other giant funds closed to new investors but allow existing holders to invest and reinvest. Despite closing, assets rose from 63.78 billion to 72 billion as bullish markets lifted values. Fund groups respond with new offerings to replace closed options.
MENTIONED IN THIS ARTICLE
New York
Fidelity Magellan
Sheldon Jacobs
Irvington-on- Hudson
N.Y
Magellan
Jacobs
Fidelity
Jim Lowell
Fidelity Investor
Potomac
Lowell
Greenspan silent as market watches Fed rate path
Wall Street expectations for a rate move fade as Greenspan offered no comment after a White House meeting and a Chicago banking conference. Analysts say his silence could stall market momentum amid inflation fears and the Chrysler Daimler deal dominating dinner conversations nationwide.
MENTIONED IN THIS ARTICLE
New York
Alan Greenspan
Chrysler
Germany
Daimler-Benz
Wall Street
Federal Reserve
Greenspan
Dodger
Central Bank
Fed
Clinton
Treasury
Robert Rubin
White House
Chicago
Asia
Wall Street Journal
A. Marshall Acuff Jr
Equity
Salomon Smith Barney
Acuff
Five-year-old knows his ABCs
New York AP The NYSE chairman Richard Grasso named five year old Richard Keith Anderson Jr as chairman for a day after he opened trading at 9 30 The boy who calls himself a mutual fund owner suggested Dow Jones stocks AT&T Merck Caterpillar Coca Cola and McDonald s as his picks He handed out business cards and wowed reporters and traders with his stock knowledge and confident responses.
MENTIONED IN THIS ARTICLE
NEW York
NYSE
New York Stock Exchange
Richard Grasso
Richard Keith Anderson Jr
Grasso
Young Anderson
Richard
At&t
Merck
Caterpillar
Coca-Cola
McDonald's
Also Mentioned on This Page
Matterhorn
Zerman
Wall St
Boeing
Coca Cola
Richard Anderson Jr
Beatrice Antonin
Kathiene Anderson
Richard Sr
Brooklyn
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