Investors cash in on gains as Dow slips
Wall Street ended a calm session with a 76 point Dow drop after a record rally the day before. Bank stocks led advances offsetting declines while Nasdaq fell over 3 percent ahead of Intel earnings. Traders anticipate volatility amid worries about the economy and profits.
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New York
Wall Street
Dow
Standard & Poor
Intel Corp
Market Recap as Bush Plan Aims to Stabilize Banks
Traders assess a volatile rebound after a two week selloff as the Bush administration unveils a 700 billion dollar bailout shift to recapitalize major banks. Analysts say the move targets the core problem but real economy recovery will take time and renewed credit access remains uncertain.
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Bush
Peter Cardillo
New York
P G CEO tells shareholders company is solid despite crisis
P G chief executive A G Lafley reassured investors that Procter & Gamble remains well positioned to weather the economic storm. He cited steady earnings and sales growth, a product lineup with 24 brands $1 billion plus and 20 more between $500 million and $1 billion, and a focus on value for budget conscious consumers while aiming to cut costs and boost productivity.
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P&g
Cincinnati
Procter & Gamble Co
A.G. Lafley
Lafley
Tide Laundry
Bill Mast
Robert Wallace
Williamsburg
Ohio
24 Million Settlement Approved for Poisoned Pets in New Jersey
U S District Judge Noel Hillman approved a 24 million settlement for dog and cat owners whose pets sickened or died after eating contaminated pet food. Claims must be filed by November 24 with payouts starting next year. The case stems from melamine tainted wheat gluten linked to Streetsville Menu Foods.
MENTIONED IN THIS ARTICLE
Camden
N.J
U.S
Noel Hillman
Sherrie R. Lavett
Ana
Streetsville, Ontario
China
Lavett
Wrist Pain Ad Promises Non-Surgical Carpal Tunnel Path
Avon Lake Ohio advertises a free report claiming many carpal tunnel cases don’t require surgery. It urges sufferers to call 1-800-340-9708 for a toll free 24 hour recorded message.
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Avon Lake
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