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The Pacific Bell will hire more than 2,500 employees in California due to the demand for new phone lines for Internet Surfers and home offices. Since the internet became so accessible more households and businessess found it necessary to get it, resulting in demand for employees to complete the process.
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Standard and Poor's (S&P) 500 is a tracker of the performance od the 500 leaving United States company stocks. On this date the S&P 500 closes the stock echange closely above 1000 points for the first time.
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Tornadoe swept thrpough the South causing death and significant damage, resulting in an increase in demand for rebulding. Constuction comepanies had an increase in value due to the demand for housing.
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Motorola plans to layoff 10% of its workers or about 15,000 employees resulting in a decrease in employement. Motorlas stocks will decrease since people are being fired and if empoyees are being layed off they will not have enough money to purchase an Motorlola devices.
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The new currency "euro" is introduced creating a single markey in Europe. This changed the way the U.S will trade with European countries.
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The federal funds rate rise from 4.75 to 5.00 percent, resulting in more money back to federal companies.
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Hurrican Floyd hits the east coast resulting in an increase in contruction comopanies and lose of companies in the east coast area.
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The nation's jobless rate was at 4% which was the lowest in 3 decades resulting in an increase in company activites as well as high stock rates because of consumers activity.
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The world's oil price increase due to shortage of supply. This makes car companoes decrease in sales due to consumers not wanting to buy cars because of the high price.
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OPEC cut oil production by 1.5 million barrels a day resulting in an increase in price and decrease in supply. This brings oil stocks down because consumers are more likely not going to drive becaise of the gas prices.
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The Tosco Refinery explosion pushed gas prices to increase to a near record high. The explosion caused 4 employees to die as well as a hugh lose in oil and money.
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China was granted permanent normal trade relations staue with the U.S resulting in an increase of stock trade and diversification.
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President Bush demands stricter penalties to eradicate corporate fraud resulting in less fraud.
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Intel eliminates 4000 jobs lowering unemployemnt and increasing Intel productivity.
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WorldCom filed for bankruptcy protection to eliminate possible dept.
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Major snowstorm hits eastern states resulting in delay of stocks trade.
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Wildfore breakout in Southern California resulting in burning of 743,000 acres and destroying over 3,500 homes. This made an increase in contruction companies since so many houses were lost.
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President Bush ends steel tariffs which increase the production and sales of steel.
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Unexpected cuts in OPEC quota and cold weather contribe to higher oil prices which results to less demand for gas.
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California was placed into negative watch but fitch removed them from it because their credit rating exceeded 50%.
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3 hurricans hit Florida and neighboring states resulting in an increase in demand for housing and delay/decrease in Florida's company stock that were involved in the natural disaster.
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Lasted January 22-24,2005, thee day storm that affected large areas of the northeast part of the United Sates. Massachusetts was one of the hardest hit with 40 inches of snow.
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Iraq called a boycott to cast ballots for Iraq citizens to vote. They wanted America to promise them equality to secure their country.
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The consumer price dropped 0.6% in November. This has lead by the plunge in gasoline prices.
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Lebanese militant group struck an usual armored patrol with a roadside bomb.
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BP shut down oil operations due to corrosion in the pipeline. During the 5 day leave 267,000 gallons of oil spilled over 1.9 acres.
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The Dow Jones Industrial average first close above 12,000. The finish above 12,000 was the latestsign that the tock market continues a recovery from the losses and despair investors suffered in the early part of this decade.
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Countrywide Financial Corporation is in a liquidity crunch and Bank of America injected $2 billion to help the corporation from struggling.
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There were six places that caused fires, abd gas leaks that attacked the lines. It caused immediate evalcuation for many citizens. The governemnt had to get involved to verify information.
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All banks were in negations and decided on an agrrement of $75 billion to ease pressure within the credit market. they want to stop SIV's from ruining their assets.
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Every employer has to pay their employee nothing ess tham $8.00 an hour.
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Bank of America will focus on home lending, and they will serve as a reliable source for mortgages.
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The U.S. governemnt seized control of AIG in an $85 billion deal. This was because of the concern of the danger of a collapse psing the financial system.
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Treasure secreatary unveiled details of the PIPP (Public Private Investement Program). The plan was to revise the U.S. financial system from the nations banks.
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General Motors filed for bankruptcy. The bankruptcy is likely to lead to major changes and cuts at the battered automaker.
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The original tax break for first time buyers wasn't a credit. It was an interest free loan of $7,500 that buyers claimed on their returns and then paid back over 15 years when they filed their taxes.
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This act promotes financial stability of the United States by improving the accountability and transperency in the finanacial system.
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President Obama signed the 6 moth extension to help 3 million people who's checks has been cut in June to find jobs. The bill revises a program that gives up to 99 weeks of income to those who need it.
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The Federal Reserve in a dramatic effort to stir up a economic recovery says they will buy $600 billion of United States government bonds for 8 months.
