Trade panel finds subsidized steel imports hurt U S industry
The U S International Trade Commission ruled that 12 of 33 domestic steel product lines face serious injury from cheaper imports, prompting possible remedies such as quotas or tariffs. Hearings will set remedies with recommendations due by December 19 to the Bush administration.
MENTIONED IN THIS ARTICLE
Washington
U.S. International Trade Commission
United States
Leo Gerard
Gerard
David Phelps
Phelps
American Institute For International Steel
Jon Jenson
Consuming Industries Trade Action Coalition
U.S
Swiss government, industry pledge 2.65 billion to save Swissair successor
Switzerland moves to form a new national airline led by Crossair after Swissair collapse. Finance Minister Kaspar Villiger and President Moritz Leuenberger say the rescue costs 2.65 billion and will cut jobs, with up to 9,000 losses expected in Swissair, while banks and firms cover most of the funding. The plan aims to keep 26 long haul and 26 short haul jets, plus 82 Crossair aircraft, with a bridging loan of 625 million and 375 million in the new company from the government.
MENTIONED IN THIS ARTICLE
Steel-Consumers Group
Commission
Bush
U.S
Robert Zoellick
White House
Michigan
New York
Pennsylvania
Ohio
West Virginia
Florida
Bern
Switzerland
Swissair
Kaspar Villiger
Moritz Leuenberger
Leuenberger
Cabi
Villiger
Crossair
Swissair Group
Nestle SA
Novartis AG
Roche Group
United States
Asia
Africa
Nissan Takes Aim at Toyota and Honda in Small Car Push
Nissan presses its March model as a global effort to break market dominance by Toyota and Honda. Renault's stake backs the alliance as Nissan earns profitability and targets younger buyers with the March and Cube, while critics note the struggle of American brands and other automakers in Japan.
MENTIONED IN THIS ARTICLE
Nissan
Toyota
Honda
Renault SA
Renault
Europe
March
Patrick Pelata
Chrysler
Japan
General Motors Corp
Ford Motor Co
Seiji Sugiura
Nomura Securities Co
Tokyo
Economists Split On Pace Of Post Attack Economy Recovery
Analysts assess the downturn sparked by the September 11 attacks, with forecasts split between a continued recession through next year and a possible rebound in early 2002. The Conference Board notes six of its ten leading indicators fell in September while money supply and rate spread rose. The $40 billion emergency package and a potential $100 billion stimulus are cited as factors that could cushion the economy. The Fed has cut rates nine times this year, and housing may stay buoyed by low rates despite weaker consumer confidence.
MENTIONED IN THIS ARTICLE
Diane Swank
Bank One Corp
Chicago
Dan Laufenberg
American Express Financial Advisers
Minneapolis
Congress
House of Representatives
Laufenders
Federal Reserve Bank
Conference Board
Federal Reserve
Thayer
3M earnings slump persists in third quarter
Minnesota based 3M posted a 21 percent drop in third quarter earnings to 99 cents per share on $394 million, with reported sales at $3.97 billion. Excluding a $43 million restructuring charge, earnings were $1.10 per share, beating the consensus by one cent but signaling continued effects from a soft global economy and currency headwinds.
MENTIONED IN THIS ARTICLE
Minneapolis
Minnesota, Mining and Manufacturing Co
Thomson Financial
First Call
New York Stock Exchange
Asia
Brazil
Enron Shares Dive After SEC Info Request
Enron Corp shares fell about 21 percent as the SEC sought information on dealings with limited partnerships tied to its chief financial officer. Enron said it would supply the data after initial requests by fax and a follow up call. Kenneth Lay said the company would cooperate to clear concerns.
MENTIONED IN THIS ARTICLE
SEC
John Heine
Enron
Kenneth L. Lay
Exchange program deepens ties between Fudan and North Carolina
During a Boone visit Fudan President Wang Shenghong praised the student exchange with Appalachian State University and North Carolina, noting 12 Fudan students will visit next spring. He cited friendships formed during field trips to Shanghai and North Carolina and recalled support for visa issues and condolences during a great disaster.
MENTIONED IN THIS ARTICLE
Peacock
Manila
Hong Kong
Estelle Lee
Commerce
Charlotte Business
G.A. Sywassink
Wachovia
L.M. “Bud” Baker
Fudan
School of Management
Boone
Wang Shenghong
North Carolina
Shanghai
Shenghong
Appalachian State University
Also Mentioned on This Page
United Steelworkers of America
Bethlehem Steel Corp
China
Russia
DaimlerChrysler
Ford
Eiji Iwakuni
Ford Japan
World Trade Center
Pentagon
Action Security Services
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