Fed rate cut tied to market turmoil not disaster warning
Fed policy makers cut short term rates last week amid market turbulence. They said the move aimed to preempt challenges, not react to a foretold disaster. The Dow rose seven straight sessions while unemployment claims climbed and mortgage rates hit long term lows. The homeownership rate climbed to 668 percent in the July September quarter, with 69.1 million households owning homes.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Labor Department
U.S
Department of Housing and Urban Development
Freddie Mac
Moen advances near finish of Elyria plant renovation
Moen Inc moves toward completing a 500000 dollar capital upgrade at its Elyria facility at Foster and Woodland. Buildings were razed, a 270000 square foot area paved, a new roof and heating system added last November, with landscaping and a green ivy fence planned to boost appearance. About 152 workers remain at the plant which makes screw machine parts for faucets.
MENTIONED IN THIS ARTICLE
Elyria — Moen Inc
Elyria
Foster and
Woodland Avenues
Allen Pfenninger
Moon
Foster Avenue
Pfenninger
Moen
North Olmsted
Invacare Posts Record Quarter And Strong Nine Months
Invacare Corp reported a record third quarter ending September 30 with diluted earnings per share of 0.43 up 22.9 percent and net income of 12.99 million on sales of 203.35 million, a 22.4 percent rise. Nine months through 1998 showed net income of 31.56 million on sales of 587.20 million, up 13.2 percent and 21.7 percent respectively, as the company plans cost cuts and new products for 1999 including a CPAP and gearless brushless drive system.
MENTIONED IN THIS ARTICLE
Elyria — Invacare Corporation
A. Malach. Mixon III
Mixon
Invacare
Peiser
Ostomy
Elyria
U.S
Australia
Canada
France
Germany
Mexico
New Zealand
Portugal
Switzerland
United Kingdom
Diesel firms face dirty air fines in massive EPA action
The Environmental Protection Agency is set to levy a record 185 million dollars in fines against diesel engine makers for alleged clean air standard violations. A lawsuit claims engines used devices to pass tests but released higher pollution in real use. Settlement would push cleaner engines, costing up to a billion dollars, and cut diesel truck pollution substantially. Up to one million trucks could be affected, with some emitting twice the legal limit.
MENTIONED IN THIS ARTICLE
New York
Environmental Protection Agency
Los Angeles Times
The
New York Times
Oil stocks drag Dow but Dow rises amid mixed earnings
The Dow Jones gained 13 points to 8538 after late-day strength despite Chevron and 3M earnings disappointments. Exxon and Chevron fell sharply while 3M slumped. Sears Procter and Boeing led gains with solid results. Nasdaq and Russell indices rose as overall trading picked up across the NYSE.
MENTIONED IN THIS ARTICLE
New York
Chevron
Dow
Early NYSE Prices Show Mixed Movement Across Stocks
Stock listings on the New York Stock Exchange reveal scattered gains and losses with uneven volume. Major names like banks and technology firms show varied percentage changes as markets open and trade continues.
MENTIONED IN THIS ARTICLE
New York
Dmacos
T Banka
Also Mentioned on This Page
Wall Street
Roger W. Ferguson Jr
Long Term Capital Management L.P
Ferguson
Moon Inc
Steve Manheim
Chronicle
Elyr
Sharon Jefferson
the Chronicle-Telegram
MasterBrand Industries
Deerfield, Ill
MasterBrand
American Brands
Old Greenwich
Conn
Diesel
Exxon
United States
Dow Industrial
Sears
Procter & Gamble
Boeing
NYSE
Sted Most
Ryste
Agta
Bae
Bradus Draney
Ode DuPont Emc
ENSCO
Endace
Exxon Fpl
Fanniaa
Fstala
Fetuc
Firstokes
Fords Franks
GenElec
GnMott
MedieOne Marek
Menly
Merlia
Marat MidwGm
MMM Amt Mobi
Monsan
Msdwe
Motorola
NiSemt Neral
Nokias NorfkSo
Norwest
Officamine
Owenallt
Lee
Bas Bam Beg
Phaer
Phinstt
Phosphale
Praxair
Reebok Repubind
Rowan RoylOut
SAC
Sktem
Safeway
Schimb
Scwab
SolAtt
Seagate Sears
Sunamter
TelBras
Sey Bate
Boe
Teth
Nhwepap
Alen Investment Secunties
Walnut Street Securiies, Inc
NASD
SIPC
AISG
Assat
Af Allied Corporation
Allies American Greetings
Bob Evans
Fams
Cedar Fair Chrysler
CoBancorp
Columbia Energy
CVS Corp
Emerson Electric
Englehard
First Energy
FirstMerit Bancorp
Ford Motor
General Motors
Geon SF Goodrich Guest Supply
Walnut Striet Securites, Inc
Ianarg
Adie Dent of . x
Aanat Mane
Ray
Hrerive
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