Martha Stewart resigns NYSE board amid insider probe
Martha Stewart quits the New York Stock Exchange board under a federal insider trading investigation linked to her sale of nearly 4,000 ImClone shares before adverse news. Prosecutors probe whether orders and testimony implicate others, as Stewart denies wrongdoing and ImClone stock falls further.
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NEW York (Ap
Martha Stewart
New York Stock Exchange
Decorating
NYSE
Tat
Neice
Justice Department
Stewart
ImClone Systems
Martha Stewart Living Omnimedia
Grasso
Douglas Faneuil
ImClone
Sam Waksal
Chuck Conaway
Kmart Corp
Take heart investors despite market swings
Analysts urge investors to stay confident amid a volatile stock market and low rates. They recommend clarifying goals, outlining risk tolerance, and shopping for better returns, noting US government backed savings bonds remain a safer option.
MENTIONED IN THIS ARTICLE
Washington
Consid
Has pred the world's safest investment lately
Analysts say pred continues to be considered a safe option, with rates near four percent reflecting current market conditions. Mortgage rates remain low as house values rise, making home buying seem a solid investment. For safety with higher risk and potential gains, bonds of blue chip companies are suggested as an alternative.
Lorain Printing Co to close after 99 years in business
Lorain Printing Co will close after 99 years, leaving 46 employees unemployed. The business, founded in 1903 by E.G. Koethe, faced declining demand and economic pressures. The 0.69 acre site at 1310 Colorado Ave carries property taxes of about 9,153 and a personal property value of 205,500 with exemptions. City officials note limited short term tax impact amid newer businesses, while chamber president Frank DeTillio laments the loss.
MENTIONED IN THIS ARTICLE
Lorain Printing Co
Lorain
Colorado Ave
Frank DeTillio
Lorain County Chamber of Commerce
Lorain Printing
Wall Street dips as investors shy from commitment to stocks
Wall Street fell in a choppy session as mixed economic reports and earnings warnings unsettled traders. The Dow slid 36.42 to 7717.19, the Nasdaq dropped 21.74 to 1165.56, and the S&P 500 eased 8.96 to 818.95 while ISM nonmanufacturing rose and factory orders held steady.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Standard & Poor
Institute For Supply
Dollar Holds Fire Ahead of Key U.S. Jobs Data
The dollar traded in tight ranges in New York and finished marginally weaker versus the euro and yen. Traders awaited the crucial monthly employment report amid expectations the data would steer views on U.S. growth and interest rates. Some strategists warned port disruptions on the West Coast could dampen sentiment.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
U.S
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Queen of
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Brad Dicken
Chronicle-Telegram
Bdicken
Cletelegram
Todd Clark
Wells Fargo Securities
Dow
Commerce Department
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Charles Reinhard
Lehman Brothers
Charles H. Blood Jr
Brown Brothers Harriman
Bank of New York
Dupont
Chemical Company
Rew
Aline
Verizonwireless.com
Geta Kyocera
Wireless Depot
Vandl
Dept
Oberin Ave
Verizon Wireless Communications
Grocture
Verizonwireless Com
Bestnetwork
Motorola
Motorola Corporation
Kyocera
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Dollar
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