Economy

  • 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

  • July 1, 1997  

    President Clinton has released a report that calls for government to adopt a hands-off approach towards the flow of digital dollars. The report will encourage Internet commerce, which currently accounts for $1 billion worth of goods and services exchanged, a figure that could balloon to $10 billion by the year 2000. Continue reading

  • July 1, 1997  

    President Clinton has released a report that calls for a hands-off approach towards the flow of digital dollars. The report will encourage Internet commerce, which accounts for $1 billion worth of goods and services exchanged, a figure that could reach $10 billion by 2000. Paul Solman discusses the report on Internet commerce. Continue reading

  • June 20, 1997  

    A broad plan that would eliminate most tobacco ads and force manufacturers to pay $386.5 billion to cover smoking related health care costs has been reached after months of negotiations between industry representatives and state attorneys general. Continue reading

  • June 20, 1997  

    Paul Solman leads a panel discussion on the tobacco ad negotiations . Continue reading

  • June 13, 1997  

    A soaring stock market means good news for investors, and happy days for Federal Reserve Vice Chair Alice Rivlin. How long can the rise continue? Paul Solman reports. Continue reading