Losses will take months to tally
The financial cost of the attack on the World Trade Center is sure to run into many billions of dollars. The losses due to property damage in Manhattan will be...
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U.S. airlines face trouble in aftermath of attack
The images of commercial aircraft crashing into the World Trade Center as part of a highly organized terrorist attack will cost the airline industry dearly at a time when it...
A final shove into recession, analysts fear
The successful terrorist attack on two pre-eminent symbols of American power may be the final stroke needed, economists say, to drive the U.S. and world economies into recession. For months...
A final shove into recession, analysts fear
The successful terrorist attack on two pre-eminent symbols of American power may be the final stroke needed, economists say, to drive the U.S. and world economies into recession. For months...
Dollar’s sag not sad for many
After years of standing as a pillar of strength, the value of the dollar has declined lately against other major currencies, but it is still too early to say whether...
HONEYWELL JOBS TO FALL WITH PROFIT
With sales in key markets slumping and first-quarter profits down, high-tech manufacturer Honeywell International Inc. Friday announced plans to eliminate 6,500 jobs. The cuts, spread across Honeywell's businesses around the...
BAD NEWS BARES ECONOMY’S WEAKNESS
A barrage of economic reports--all of them negative-- offered further proof Thursday that the nation's economy remains weak. Surveys and reports released during the day show drops in consumer confidence,...
PROTEINS PROMISE PROFITS IN GENOMICS
The big news earlier this week that only 30,000 genes make up a human has not excited the drug industry nearly as much as the proteins these genes are making....
JOBLESS FACE TIGHTER MARKET
Daniel Grossheider, an unemployed Tinley Park pipefitter, has learned a hard truth about today's economy: It's tough to hold a manufacturing job and even more difficult to find one. Grossheider,...
LUCENT TOPS LAYOFF WAVE, CUTS 16,000
Massive corporate layoffs took center stage Wednesday as Lucent Technologies Inc. and Sara Lee Corp. said they would eliminate thousands of jobs. Lucent, the New Jersey-based communications equipment-maker, said it...