Unemployment claims decline signals slower hiring rebound
New unemployment insurance claims fell for the third straight week to 411000 for the week ending May 4, the lowest since March, as economists warn that slower layoffs do not guarantee rapid rehiring. Continuing claims rose to 3.8 million, and economists expect the jobless rate to peak near 6.5 percent by June amid cautious hiring by firms.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Tommy Bahama eyes expansion to $1 billion business
Tommy Bahama plans rapid growth to surpass $1 billion in five years from a $300 million base. Viewpoint International operates 20 stores with eight more openings planned, while expanding women’s wear overseas and pursuing fragrance skincare and food licensing. Hotels and island tours are being considered.
MENTIONED IN THIS ARTICLE
New York
Ralph Lauren
Tommy Bahama
Main Street
Viewpoint International Inc
Tommy Bahama Hotels
Tommy Bahama Tropical Island
Perdue Farms settles pay dispute for $10 million
Washington The Labor Department says Perdue Farms will pay $10 million in back wages to about 25,000 current and former poultry workers after settling a long running dispute over pay for donning and doffing protective gear. The settlement follows similar actions in cases against Tyson Foods and notes that most poultry workers are immigrants earning under $7 per hour.
MENTIONED IN THIS ARTICLE
Washington
Perdue Farms
Labor Department
Tyson Foods
Perdue
Labor
Elaine L. Chao
Department
Tammy D. McCutchen
Northrop delays TRW bid to Sept 30 in talks
Northrop Grumman agrees to extend its 6.7 billion hostile takeover bid for TRW Inc. until September 30 as the companies enter friendly talks after a confidentiality pact. If TRW signals a sale by then, the extension could run to June 30, 2003.
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Northrop
TRW
Cleveland
Northrop Grumman Corp
TRW Inc
Jay McCaffrey
McCaffrey
Ohio
Town for sale in Texas Art offers mayoral powers
Texas buyers can purchase Art Texas a small town on 1.2 acres with Victorian house a guest cottage Hoo Doo Restaurant and a feed store. Listed at 299900 negotiable price repurposed as a music venue and inn area founded by German settlers in mid 1800s. Agent Jim Holley Century 21 notes limited showings and calls for inquiries contact numbers provided.
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Art
Texas
Jim Holley
Century 21
Holley
Randy Gaulding
Gaulding
Houston
Texas Monthly
Continental
Near
Stocks slide as mixed retail data stuns market
U.S. stocks pulled back after a rally with declines across major indexes. The Dow fell 1.0 percent to 10,037.42, the Nasdaq slipped 2.7 percent to 1,650.49, and the S&P 500 dropped 1.5 percent to 1,078.01 as unimpressive retail sales data raised doubts about a robust economic recovery.
MENTIONED IN THIS ARTICLE
Wal- Mart
Target
Wall Street
New York
Bryan Piskoroswki
Prudential Securities
Standard & Poor
Cisco
Tom Galvin
Credit Suisse First Boston
S&p
New York Stock Exchange
Dollar Dips as Markets Weaken Amid Anthrax Mail Alert
The dollar fell across major currencies in Thursday trading as U.S. equities slipped and investors debated whether a sustained rebound is forming. Investors were rattled by reports of anthrax spores found in mail addressed to Federal Reserve officials, including chairman Alan Greenspan, and stock losses widened in tech and blue chip names.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
U.S
Rebecca Patterson
J.P Morgan
Dolar
Federal Reserve
Alan Greenspan
Wal-Mart
Target
Cisco Systems
WorldCom
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Lucio Dalla Gasperina
Bob Emsfield
Tommy Hilfiger
Harry Bernard
Colton Bernard Inc
Neil Johnston
Lippincott & Margulies
Emfield
Jim Perdue
al Myers
Mason
San Antonio
Wall Street Journal
Scripps Howarina
Moody’s Investors Services
Tecom Company
UBS Warburg
Merrill Lynch