Today’s stock pages are in a different order than normal. Nasdaq listings are on Page 7A, mutual funds on 7A and 8A, and the New York and American stock exchange listings, metal prices and foreign currency are on page 9A.
At the request of the Federal Aviation Administration, Boeing Co. has agreed to hold off its announcement of plans for revamping America’s air traffic management system. A person familiar with the discussions, who spoke with The Associated Press on condition of anonymity, said Boeing agreed to delay releasing details of its plan in the interest of continuing a strong working relationship with the FAA. Boeing had no comment.
The U.S. economy grew at only a 1.3 percent annual rate in the first three months of the year, substantially lower than the 2 percent rate first estimated, the Commerce Department reported Friday. The report came one day after Federal Reserve Chairman Alan Greenspan said the worst of the slowdown may not be over and signaled that the Fed may order additional interest rate cuts.
The Chrysler Group of DaimlerChrysler AG is voluntarily recalling 2000 and 2001 model year Neons to replace a brake booster vacuum hose. The problem associated with the hose causes a loss of power brake assist and an increased idle speed. Chrysler said the brakes are still operational, but it takes increased pressure on the brake pedal to stop the car. Owners will be contacted by mail.
Features of eBay and Half.com, an eBay-owned Web site that offers products at set prices, will be combined over the next year, executives said at the company’s annual meeting Friday. Ebay’s chief executive and president, Meg Whitman, said it didn’t make sense to have eBay and Half.com remain separate platforms, with users having different identities and reputations on each site.
The Food and Drug Administration warned consumers on Friday not to eat Viva brand cantaloupe imported from Mexico, saying the fruit has been associated with an outbreak of salmonella poisoning. The agency said two deaths have been reported, along with numerous illnesses in a number of states, including Washington. Viva is the only brand associated with the warning.
– Herald news services
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