U S consumer spending jumps in April fueling recovery
U S retail sales rose 1.2 percent in April after March's dip as consumers bought cars, building materials, health and beauty products, and dining out. Gasoline prices boosted gains while a 1 percent core rise persisted excluding autos and gas. The Dow climbed early trading as the Fed kept rates at 40-year lows amid forecasts of jobless rate peaking near 6.5 percent later summer.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
United States
Livins
Weade
Rece
Federal Reserve
Fed
AT&T to offer local service in Ohio this June
AT&T Corp said it will begin offering local residential service in Ohio in June, entering a market long dominated by Ameritech. Pruyn cited pro competitive pricing from Ohio regulators and a Supreme Court ruling as factors. Ameritech aims to prove it can enter the long distance market in the Midwest after the 1996 act opens local markets.
MENTIONED IN THIS ARTICLE
Columbus
At&t Corp
Ohio
Ameritech
Mike Pruyn
At&t
Cleveland
Cincinnati
Michigan
New York
Texas
Georgia
Ali
CoreComm
MCI WorldCom
Public Utilities Commission of Ohio
Ameritech Ohio
Commission
Pruyn
U.S Supreme Court
Bell System
Ilinois
Indiana
Wisconsi
Meijer chief shifts focus to sculpture garden
Fred Meijer at age 82 steps back from daily Meijer Inc. duties to devote more time to the Frederik Meijer Gardens & Sculpture Park near Grand Rapids. He notes reduced store visits, maintains public engagement, and champions the arts as part of the family legacy and regional quality of life.
MENTIONED IN THIS ARTICLE
Grand Rapids, Mich
Fred Meijer
Frederik Meijer
Meijer
Hendrik Meijer
Greenville
Grand Rapids
Greenville High School
Illinois
Indiana
Kentucky
Michigan
Ohio
Hendrik
Meyjer Inc
Walker
Forbes Magazine
Meijer Inc
Fred
Hank
Hank Meijer
Frederik
Botanical Garden
Sculpture Park
Henry Matthews
Frederik Meijer Gardens & Sculpture Park
Matthews
Frederick Meyer
Frederick Meijer
Retail report boosts investor confidence across markets
Better than expected April retail sales lifted Wall Street as the Dow rose about 188 points to 10,298 while the Nasdaq gained 66 and the S&P 500 advanced. Wal Mart J C Penney and Home Depot posted gains, Intel jumped on an upgrade, and WorldCom declined after removal from the S P 500 in a broader tech driven upswing with ongoing caution about sustainability.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Ralph Acampora
Prudential Securities
Dow
Standard & Poor
S&p
Commerce Department
Wal-Mart
J.C. Penney
WorldCom
Johnson & Johnson
Philip Morris
Cisco Systems
Applied Materials
Judge rules lockout illegal in Kaiser case
An administrative law judge ruled Kaiser Aluminum’s 20 month lockout of more than 2,900 United Steelworkers members across Ohio Louisiana and Newark illegal ordering the company to compensate workers for lost earnings. The decision could trigger back wages and benefits up to 200 million and faces appeal from Kaiser.
MENTIONED IN THIS ARTICLE
Spokane
Wash
Kaiser Aluminum & Chemical Corp
Ohio
Michael Stevenson
San Francisco
Kaiser
Scott Lamb
Houston
Stevenson
National Labor Relations Board
United Steelworkers of America
Newark
NLRB
David Foster
Veronica Clements
Oakland
Calif
Washington, D.C
Washington
Louisiana
Northwest
Dollar climbs on strong U S data and stock rally
The dollar rose against major currencies as stronger U S economic data and a stock market rally boosted confidence in the greenback. It traded at 1.6151 Swiss francs, 128.59 yen, and 1.5584 Canadian dollars, with the pound quoted near parity amid weak alternatives.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
U.S
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Ws PR
Dekce Ae Ea Cea
Home Depot
Intel
Robertson Stephens
New York Stock Exchange
Japan
Europe
Germany
Britain
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