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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

May 10, 2002

Page

12

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.

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.

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.

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.

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.

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.

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.

New York Dow Jones/AP U.S Rebecca Patterson J.P Morgan Dolar Federal Reserve Alan Greenspan Wal-Mart Target Cisco Systems WorldCom

Also Mentioned on This Page

Ken Mayland ClearView Economics Fed Tommy Bahama’s West Palm Beach Fla Tommy Bahama's Tommy Bahama Stores Margolis 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
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