May 29, 2001 |
A trade battle is shaping up over a law that lets U.S. companies pocket tens of millions of dollars in fines that the government collects from foreign competitors. Foreign governments say the law violates trade agreements and they have started proceedings against the United States in the World Trade Organization. If they win, they could cripple U.S. companies' ability to compete abroad by imposing duties of their own on U.S. goods.
May 24, 2001 |
The expected defection of Sen. James M. Jeffords of Vermont from the Republican Party could markedly affect the drug, HMO, defense, credit card and tobacco industries, money managers and investment analysts said Wednesday. "I don't see any upside for the [stock] market.
April 3, 2001 |
U.S. manufacturing declined in March for the eighth straight month. But the rate of decline has slowed, and the overall economy appears to be growing modestly, the National Assn. of Purchasing Management said Monday. The association's index of business activity rose last month to 43.1 from 41.9 in February. A reading above 50 signifies growth in manufacturing, whereas a figure below 50 shows contraction.
April 1, 2001 |
The symptoms are ominous. The pulse of business is slow, orders are feeble. The stock market suffers from fits and fevers. And yet "it doesn't feel like a recession," says longtime investment banker Eric Lomas after visits to companies across the U.S. For the vast majority of businesses, finances are healthy, unsold inventories are moderate and companies are responding quickly to the slowdown.
January 15, 2001 |
Winter has always meant fat paychecks for Juan Carlos Gonzales. That's the height of masa season at his local food processing job, where line workers can expect plenty of overtime preparing the rich, corn-based dough used in holiday tamales. No longer. Saddled with rising costs and slowing sales, Gonzales' employer, Industry-based El Burrito Mexican Food Products Inc., hired temporary employees to work the extra hours this season.
December 27, 2000 |
Early this year, local manufacturers such as furniture maker Larry Parnell were focused on tight labor supplies and rising wages--byproducts of a bustling economy. Then came higher interest rates, a flood of cheap imports and an energy shock that has fouled production and sent power bills soaring. Add Wall Street turmoil that has shaken consumer confidence to the core. Suddenly, it's as though someone hit the off switch on the nation's growth machine.