Lower prices increases ease inflation worries

Article Abstract:

Americans received a relief in June 2004 when food and gasoline costs were reduced from that in May, holding consumer prices to a modest increase and providing evidence that inflation is not an immediate threat to the economy. The Labor Department reported that the consumer price Index rose 0.3 percent in June 2004, down considerably from a 0.6 percent in the month of May 2004.

Analysis, Inflation (Finance), Inflation (Economics), Purchasing power

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Board rules against federal loan guarantee for United

Article Abstract:

The Federal Air Transportation Stabilization Board second time turned down the cash-strapped company after the second largest United Airlines lost $1.6 billion in federal loan guarantees as it tries to emerge from bankruptcy. United Airlines probably will remain in bankruptcy court proceedings longer; redouble its efforts to reduce costs to attract new market capital.

Government expenditures, Organizational history, Air Transportation, Scheduled, And Air Courier Services, Airlines, Company restructuring/company reorganization, Reorganization and restructuring, United Air Lines Inc., Bankruptcy, Company organization, Government lending, Government finance, Company bankruptcy

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Economy slower than first thought

Article Abstract:

The United States Commerce Department reported that gross domestic product grew at a 2.8 percent annual rate in the April-to-June 2004 quarter, down from an earlier estimate of 3%. The new GDP reading is the smallest gain in just over a year and indicates the economy slowed considerably compared with the brisk 4.5 percent growth rate in the first quarter of 2004.

Forecasts, trends, outlooks, Forecasts and trends, Gross domestic product, Market trend/market analysis

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