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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 23, 1997

Page

7

U.S. probes penny stock fraud in Senate inquiry

Senate investigators examine abuses in the penny stock market blamed for about 6 billion dollars in annual losses to ordinary investors. Regulators pledge tougher enforcement as the SEC and state authorities issue cold calling alerts and pursue crackdown against rogue brokers and shell companies.

Washington Senate Securities and Exchange Commission FBI Levitt SEC Justice Department Ket Susan Collins Maine Subcommittee Collins

Zhu Rongji dazzles IMF World Bank with China reform pledge

China’s Vice Premier Zhu Rongji told the IMF World Bank meeting in Hong Kong that growth would reach seven percent with minimal inflation for a decade. He promised to sell state factories to private buyers within three years, reform banks, allow more foreign investment, strengthen IP laws, and curb corruption while tying WTO entry to tax policy decisions. He urged patience and warned against excessive demands, framing opening as a core state policy. Washington conditions for WTO entry remain a sticking point.

Hong Kong China Zhu Rongji International Monetary Fund World Bank Zhu Shaghai Clinton World Trade Organization Washington Communist Party WTO United States Beijing

Opening Stocks Snapshot With Mixed Percentages

The page lists opening stock figures with varied percentages and figures such as 1676200 and 1158 Wy along with several codes and numbers. Orts include Ms 249200 42 and Ye 315800 14516 19 percent. The data appears as a ticker style summary of stock values and changes.

Investment groups pressure clothing firms over sweatshops

The Social Investment Forum with about 400 firms controlling 639 billion in investments vows to buy or divest to push apparel makers and retailers to curb sweatshop practices. Labor Secretary Alexis Herman urges cooperation with Smithsonian on an El Monte sweatshop exhibit, while the forum seeks SEC rule changes to restore shareholder voting on labor issues.

Los Angeles Times Alexis Herman Social Investment Forum Herman Smithsonian Institution el Monte The Smithsonian Calvert Group Franklin Research & Development Corp Securities and Exchange Commission

Labor pushes campaign finance reform at AFL-CIO meet

AFL-CIO leaders call for public financing of campaigns and free TV time for candidates while urging limits on soft money. They defend unions’ political role amid investigations into Teamsters funding and a Senate inquiry into labor spending.

Pittsburgh Afl-Cio Labor Federation Federation John Sweeney Senate Labor Teamsters Sweeney AFL Cio Organized Labor Center For Responsive Politics Congress Steve Rosenthal Tom Daschie New York

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