Argentina hands Cavallo economic reigns again
Domingo Cavallo (above right) the miracle worker who pulled Argentina back from the brink of economic chaos in the late 1980s, took over as economic chief once again Tuesday with a mandate to end another crisis.
With Argentina in a 33-month-old recession and his beleaguered government under attack, President Fernando De la Rua (above left) handed the top financial job to the Harvard-educated economist who rescued the country from hyperinflation more than a decade ago.
safety
Bush signs repeal of workplace rules
President Bush signed a repeal of new workplace safety regulations Tuesday, saying they posed "overwhelming compliance challenges" for businesses.
The measure, revoking rules issued late in the Clinton administration, was the first substantive policy that Bush signed into law.
The rules from the Occupational Safety and Health Administration were aimed at preventing carpal tunnel syndrome, tendinitis and other health problems associated with repetitive motion, awkward postures, contact stress and the like. If such injuries were reported, changes to work stations would have been required.
Businesses, which were given until October to comply, said the required changes would have cost them as much as $100 billion a year.
Acquisition
IBP awaits Tyson's $3.2 billion purchase
Meatpacking giant IBP Inc. expects Tyson Foods Inc. to complete its $3.2 billion purchase of the South Dakota-based company now that regulators have completed a review of IBP's financial records.
Tyson spokesman Ed Nicholson said Tuesday that the Little Rock, Ark.-based company would continue to monitor developments. He said it was too early to determine the effect of the latest IBP announcement.
Already the country's leading poultry producer, the merger would make Tyson the top beef and pork producer.
No comments
Commenting is turned off for this story.