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Earthquake, meausring 7.2 on the Richter scale, hits Kobe, Japan
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Period: to
Chronology of Significant Events
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Clinton Administration announced a program of loans and currency swaps to prop up the Mexican peso.
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Federal funds rates raised from 5.5 percent to 6 percent
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Dow Jones industrial average closed above 400 for the first time
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Wells Fargo & Co. will merge wit First Interstate Bancorp
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Bell Atlantic and Nynex agree to merge
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Hurricane Fran hits Carolina coast
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Mexico announced tha it will repay U.S. laon three years ahead of schedule
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U.S. Treasury issues the first $7 billion in 10-year inflation-indexed notes
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China regained sovereignity over Hong Kong
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California's unemployment rate fell in May to its lowest level in nearly 8 years
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Golden State Bancorp and California Federal bank agreed to merge
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Exxon and Mobil comfirmed their plan to merge, creating the world's larget oil producer
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NEC Electronics lay off about 400 workers or 13% of its U.S. workforce
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Japan's economy grew 7.9% in the first quarter
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Federak funds rate raised from 4.75 to 5.00 percent
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Exxon and Mobil merger approved bu Federal regulators
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NASDAQ closed above the 4000 mark for the first time
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Dow Jones Industrials hit record high of 11,722.98
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The nation's joblesss rate at 4% is the lowest in 3 decades
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NASDAQ hits record hig of 5,048.62