2006-08
26 07:03:08Dow closes down 20, Nasdaq finishes up 3
NEW YORK (AFX) - businessminute
Wall Street ended a lackluster session mostly lower Friday after a speech by Federal Reserve Chairman Ben Bernanke failed to give investors any hints about interest rate policy despite their concerns that the economy might be slowing too fast. The major indexes finished the week with losses.
2006-08
26 00:16:35Rubin quits Ford board over conflict
DETROIT (AFX) - businessminute
Robert Rubin's resignation from the Ford Motor Co. board could mean that Citigroup Inc., where he also serves on the board, plans to talk to Ford about a loan or about advising the struggling automaker on the possible sale of its credit arm, some industry analysts say.
2006-08
25 23:25:20Tower hourly workers ratify agreements
NOVI, Mich. (AFX) - Hourly workers at Tower Automotive Inc. plants in Michigan and Ohio have voted to ratify amended labor agreements, the two unions that represent the employees said Friday. The vote prompted the company to keep open an Ohio plant that had been slated to close. For more information and to contact AFX: www.afxnews.com and www.afxpress.com