August 23, 2002

Sears, Roebuck & Co on Aug 25 will begin its current advertising campaign, which carries theme 'Sears, Where else?,' with now-and-then spots that painstakingly recreate scenes of everyday life from 20th century; Sears hopes to recapture consumers who have increasingly been wooed away by discount retailers; campaign was developed by Chicago office of Young & Rubicam Advertising; photos (M)

Bush administration excludes about one-quarter of all imported steel products from steep tariffs that it imposed in spring in effort to protect ailing US steel industry; decision infuriates American steel producers and is applauded by European governments; administration officials justify decision on technical grounds, but it shows that White House has been forced to backpedal on its protection efforts; domestically, companies that use steel complain that they could not obtain specialty products they need; internationally, administration has been fiercely attacked by almost all its largest trading partners; retreat also reflects president's struggle to balance political demands from electorally important steel-producing states like Pa, Ohio and West Va with his international goal of opening world markets; photos (M)

Thyssen-Krupp says net income in third quarter fell to 202 million euros ($195.7 million) from adjusted 331 million euros year earlier; posts pretax profit of 121 million euros after loss of 68 million euros in second half (S)

Rahm Emanuel, Clinton White House aide now running for Congress from heavily Democratic district in Chicago, is antagonizing some House members even before he is formally elected; suprememly confident Emanuel is equipped with legislative expertise and connections to rival those of most senior lawmakers; he is already throwing his influence around, pushing for coveted spot on Ways and Means Committee intended for more established member; some of his own donors have complained when he used his campaign money to contribute to other candidates--and build his influence with them; Emanuel says his actions are being misinterpreted and exaggerated; makes no apologies for refusing to be backbencher in Congress; says his high profile will make him more effective; photo (M)

Philadelphia accounting firm Heffler Radetich & Saitta, which was selected to distribute $3.2 billion from record settlement against Cendant Corp in class action suit led by New York State Pension Funds, donated at least $24,000 to New York State Comptroller H Carl McCall's gubernatorial campaign; Edward J Radetich, partner at firm, says he does not remember what prompted contributions; it is not clear what accountants will earn for role in doling out settlement money because final amount has not been awarded by court; fees in such case are based on hourly rate and can run into hundreds of thousands of dollars depending upon complexity of matter; pension fund has been lead plaintiff in several shareholder suits but McCall, who oversees fund, has come under criticism recently for his failure to rein in legal costs; Democratic opponent Andrew Cuomo has been attacking McCall for accepting money from people who do business with state (M)