Economy

  • August 15, 1997  

    After the stock market dropped 247 points in the Dow Jones Idustrial Average, two chief economists explain why the sudden drop. Continue reading

  • August 12, 1997  

    On Day Nine of the UPS strike, the AFL-CIO has agreed to support strikers, and the two dueling sides held news conferences rather than talks. How does this affect business and labor? Paul Solman discusses the broader implications of the strike with two professors of labor studies. Continue reading

  • August 8, 1997  

    The situation between UPS and its striking workers continues unresolved as Teamsters face the end of their first week without pay. Continue reading

  • August 8, 1997  

    The situation between UPS and its striking workers continues unresolved as Teamsters face the end of their first week without pay. Charles Krause has our report. Continue reading

  • August 6, 1997  

    Apple officials announced that Microsoft, a once bitter rival, will purchase $150 million of the company’s stock. The new infusion of capital is meant to revitalize a company that revolutionized computing but lately has struggled. Margaret Warner leads a discussion on the new alliance. Continue reading

  • August 6, 1997  

    To the amazement of those in the computer industry, Apple officials announced that Microsoft, a once bitter rival, will purchase $150 million of the company’s stock. The new infusion of capital is meant to revitalize a company that revolutionized computing but lately has struggled. Continue reading

  • August 4, 1997  

    A strike by the Teamsters Union has idled the United Parcel Service. At issue are wages, benefits and a demand that many part-time jobs be converted to full-time positions. Continue reading

  • August 4, 1997  

    A strike by the Teamsters Union has idled the United Parcel Service. At issue are wages, benefits and a demand that many part-time jobs be converted to full-time positions. Continue reading

  • July 23, 1997  

    The Union of Needle Trades, Industrial, and Textile Employees goes to bat against Guess, Incorporated, claiming that the blue jeans maker is using sweatshop work to create its products. Continue reading

  • July 8, 1997  

    Suffering a longtime business downswing, Montgomery Ward, once a retail giant, now must find a way to bring up its sagging profits after declaring bankruptcy. Paul Solman reports. Continue reading