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March 25, 2003
Today’s headlinesWar spooks stocks
Gloom settled over the stock market Monday as investors began to realize that victory in Iraq may not be swift or easy.
Sales aren't all that bad, despite a war
Retailers nationally are braced to report sluggish sales for March because Americans are glued to their TV sets watching the war in Iraq instead of shopping.
TECO postpones analysts' meeting
The troubled utility says questions about its dividend will be answered on April 11, not Friday.
Travel firms' hopes fading
Airlines, hotels face further cutbacks as travelers wait and watch war results.
Women lag men in high-pay jobs
Despite lingering disparities, earning levels for women are at record highs.
New-look UPS remains brown
ATLANTA -- United Parcel Service, in an effort to show consumers it is more than just a package delivery service, is giving itself the biggest facelift in its 96-year history.
Business today
A BIT OFF THE MARK: Walter Industries failed to meet key financial targets in 2002, and that meant lower bonuses for most of its senior executives. President and Chief Executive Don DeFossett took the biggest hit last year, taking home cash incentives of $134,536 versus $1.05-million in 2001. But DeFosset, who joined the company in November 2000, did well in other respects. His salary rose 7 percent to $704,167, he received options to purchase 102,000 shares of company stock at $11.03, and he received miscellaneous compensation of $123,833, including $71,528 to cover temporary housing or moving costs and another $11,909 for income tax preparation services. Walter's stock closed Monday at $8.92, down 17 cents, or 1.87 percent.
Latest business news
Monday's Metal Prices
Skilling, Lay optimistic as testimony ends
Wachovia shares fall on Golden West deal
GAO: Sarbanes-Oxley costs high for cos.
London's FTSE-100 index closes down 24.6
Calif. attorney general files fourth suit
Rigas sentencings reset for April
Plaintiffs in insurance fraud lawsuit
Health insurance plans claim vast fraud
TD Ameritrade fiscal 1Q profit up 5 percent
Wells Fargo net rises on deposits, lending growth
Citi misses Street; 4Q profit down 11 percent
Housing bust still haunts the banks
Infosys quarter profit $458M, cuts guidance
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