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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (390)	7/20/2000 10:12:37 AM
From: MrGreenJeans	Read Replies (2) \| Respond to of 10065

Greenspan on Slowdown If you don't believe me believe him: 10:02 GREENSPAN GIVES UPBEAT REPORT ON ECONOMY, SUGGESTING SLOWDOWN IS REAL 10:02 GREENSPAN: FED SEES ECONOMY GROWING FOR AT LEAST 18 MORE MONTHS 10:02 GREENSPAN: ECONOMY WILL SLOW THIS YEAR AND NEXT DUE TO 'FIRMER FINANCIAL CONDITIONS' 10:02 GREENSPAN: 'AGGREGATE DEMAND' MOVING INTO LINE WITH POTENTIAL SUPPLY 10:02 GREENSPAN: 'MUCH TOO SOON TO CONCLUDE CONCERNS ARE BEHIND US' 10:02 GREENSPAN SUGGEST CONSUMERS GETTING SATIATED WITH DURABLES, HOUSES 10:02 GREENSPAN: INFLATION AND INFLATIONARY EXPECTATIONS REMAIN MODEST OUTSIDE ENERGY 10:01 GREENSPAN: FLAT EQUITY PRICES, RISING DEBT, HIGHER OIL PRICES HAVE STEMMED DEMAND 10:01 GREENSPAN: NO EVIDENCE THAT PRODUCTIVITY GAINS ARE FALTERING 10:01 GREENSPAN URGES CONGRESS, PRESIDENT TO MAINTAIN LARGE SURPLUSES 10:01 FED: GDP TO GROW 4-4.5% THIS YEAR, 3.25-3.75% NEXT YEAR 10:01 FED SEES INFLATION AT 2.5-2.75% THIS YEAR, 2-2.5% NEXT YEAR 10:01 FED SEES UNEMPLOYMENT RATE REMAINING AROUND 4% THIS YEAR AND NEXT

To: Justa Werkenstiff who wrote (390)	7/20/2000 11:50:35 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 10065

UPS Imposes Fuel Surcharge Thursday July 20, 11:30 am Eastern Time UPS to impose surcharge as fuel costs rise (UPDATE: Adds comments from conference call, fuel cost details) ATLANTA, July 20 (Reuters) - United Parcel Service Inc. (NYSE:UPS - news), the world's largest package delivery company, said on Thursday it planned to impose a temporary surcharge on its fees to help offset unexpectedly higher fuel costs. Atlanta-based UPS said it would begin collecting from customers a 1.25 percent surcharge on Aug. 7 because the company's fuel costs this year would likely be about $100 million more than originally planned. Oil has been trading at more than $30 a barrel compared with about $19 a barrel a year ago. UPS maintains a fuel-hedging programme, which has sheltered the company from some of the impact of soaring oil prices. ``The hedges we put into place last year buffered the company from crude price increases but did not prevent us from the unusual increases in the spread (between crude prices and at-the-pump prices),'' UPS Chief Financial Officer Robert Clanin told analysts in a conference call following release of second-quarter earnings. Clanin said the surcharge likely would be lifted if oil prices fell to the ``low twenties.'' UPS reported earnings of $695 million, or 60 cents per share, in the second quarter, compared with a profit of $588 million or 52 cents, excluding a nonrecurring item, in the same period last year. Analysts on average had expected UPS to earn 60 cents in the second quarter, according to First Call/Thomson Financial, which tracks forecasts.