PREVIEW / Some of the Business and Economic Events Happening Today
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Iacocca’s Latest: Former Chrysler Chairman Lee Iacocca has had mixed success with his business ventures after retiring from the auto maker. Today he will introduce his latest venture, the “E-Bike,” billed as the most advanced electric vehicle in mass production. It’s the first in a series of light electric vehicles that will be distributed by Iacocca’s EV Global Motors Co.
Chinese-U.S. Relations: Representatives from the Consulate of the People’s Republic of China will hold a news conference to discuss the upcoming visit in early April of Chinese Premier Zhu Rongji, which will include a Los Angeles stop. Also to be discussed: Sino-U.S. relations, a hot topic amid a widening U.S. trade deficit with China and revelations of transfers of sensitive American technology to the Chinese.
Reports Due Out:
* Weekly jobless claims, issued by the Labor Department.
* Existing-home sales for February, issued by the National Assn. of Realtors.
* Weekly U.S. mortgage rates, from Freddie Mac.
Earnings Due Out:
Countrywide Credit Industries Inc., Kaufman & Broad Home Corp., Morgan Stanley Dean Witter & Co., Darden Restaurants.
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