GM moves to recoup light truck losses from strikes
General Motors begins a campaign to restore production after a week of strike related shutdowns hitting four light truck plants including Indianapolis and Janesville. By week’s end most Canadian operations were back at full output though analysts warn full recovery may take until early spring.
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Opinions split on MCI merger and rate effects
The $20.8 billion MCI British Telecom merger forms Concert, a new communications powerhouse serving 43 million customers in 72 countries. Analysts warn rates could fall or rise, while regulators weigh foreign influence and competition. Share prices jumped as parties seek government approval within a year.
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Credit cards lower rates for holidays
New York AP reports AT&T Corp and Citicorp cut interest rates for top customers to capture holiday spending. Ram Research notes 20 percent of yearly charges occur from Thanksgiving to Christmas, while bank charges remain high and advocates say issuers can lower rates without hurting profits.
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At&t Corp
Citicorp
Robert McKinley
Ram Research Corp
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Consumers Federation of America
Election moderates Wall Street trading
New York AP reports pre election trading as investors favor blue chips over riskier shares while polls shape expectations on party control. Dow climbs 19.75 to 6041.68 as 30 year Treasury yields ease to 6.66 percent amid cautious sentiment and inflation worries.
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