Investors cautious as swine flu cases increase
- NEW YORK – The swine flu gave Wall Street a reason to turn cautious.
Airline and other travel-related stocks suffered the sharpest losses Monday. The European Union health commissioner advised Europeans to avoid nonessential travel to Mexico and the United States, but the Centers for Disease Control and Prevention in Atlanta said the recommendation was unwarranted.
The Dow fell 51.29, or 0.6 percent, to 8,025.00. The Standard amp& Poor’s 500 index fell 8.72, or 1 percent, to 857.51, and the Nasdaq composite index fell 14.88, or 0.9 percent, to 1,679.41.
Whirlpool profit drops on weakening demand
- GRAND RAPIDS – Whirlpool Corp.s, said Monday its first-quarter profit fell 28 percent on slumping sales, softening consumer demand and the stronger dollar.
The maker of Maytag and KitchenAid appliances as well as its namesake brand said it profit fell to $68 million, or 91 cents per share, from $94 million, or $1.22 per share, a year earlier.
Its sales dropped 23 percent to $3.57 billion from $4.6 billion a year earlier in part because its products were more expensive to overseas customers as a result of the stronger dollar.
Lady Lee’s Fashions to open on Friday
- TUPELO – Lady Lee’s Fashions and Accessories, a retail store offering suits, hats, purses, shoes and jewelry, will open Friday.
The store, located at 1323 Ida Street, will be open Tuesday-Friday from 10 a.m. to 5:30 p.m. and on Saturday from 9 a.m. to 6 p.m.
For more information, call (662) 231-8404.
NEMS Daily Journal