The West is burning
The West is burning: Does anybody east of the Mississippi River care? It takes an event like the Yellowstone Park fires of 1988, the fire on Storm King Mountain in...
All Stories
STOCKS SLIP DOWN IN DOLLAR’S MIRE
Wall Street spent Thursday in negative territory as traders worried that the Federal Reserve will defend the weakening dollar, which hit record lows against the Japanese yen, by raising interest...
ECONOMIC DOUBTS NIP AT INDEXES
Wall Street trading was mixed for most of Wednesday, held in check by conflicting reports about the economy's strength, then turned lower in the afternoon. With the market beginning to...
TRADERS SEEK SAFETY, FORCING STOCKS DOWN
Stocks declined across a broad front Monday after traders began switching to safer, higher quality issues in the wake of the collapse of the British investment bank Barings PLC. The...
HELP FOR MEXICO BOOSTS MARKETS
Wall Street and many other hemispheric markets rebounded Tuesday after President Clinton bypassed Congress and launched his own Mexican support program. Markets battered by the aftershocks from Mexico's troubles since...
EDISON GETS RATE HIKE, BUT IT WILL FACE CHALLENGE
A wound that seemed to be healing was reopened Monday when the Illinois Commerce Commission granted Commonwealth Edison a $303 million rate increase, virtually ensuring renewed legal wrangling between the...
COMPANIES BUYING BACK THEIR STOCK AT RECORD PACE
When General Electric last week announced a $5 billion buyback of its common stock, it put stock repurchases into record territory for 1994, surpassing the previous record, set in 1989....
VISIONS OF A CHRISTMAS RALLY COMING
Wall Street rallied for a second straight day Thursday, assisted by heavy program trading on the eve of the monthly expiration of stock options. The Dow Jones industrial average gained...
MARKETS JUMP AS INFLATION DOESN’T
Wall Street rallied Wednesday on news that inflation stayed calm in November, as traders hoped and analysts expected, making it less likely that the Federal Reserve Board will increase interest...
FOCUS ON PRICES, FED; STOCKS STAY PUT
The stock market closed nearly flat Tuesday as investors seemed transfixed by positive data on inflation, coupled with the likelihood that the Federal Reserve will boost interest rates again, probably...