Profits in Eastern Europe require patience and strategy
Two top economic experts warn U S firms to expect long horizons for profits in the former Communist bloc. Deborah A. Conrad of the Export-Import Bank and Bay Converse of the Commerce Department say success hinges on understanding local markets and culture, and avoiding short term goals. They estimate three to five years for profits, with emphasis on building hard currency and reinvesting gains.
MENTIONED IN THIS ARTICLE
Europe
U.S
Deborah A. Conrad
Export-Import Bank of the
United States
Bay Converse
Commerce Department
Converse
Poland
Conrad
Ms. Conrad
St. Louis
Fed cuts discount rate to 6.5 percent sparks Wall Street cheer
The Federal Reserve lowered the discount rate from 7 to 6.5 percent, signaling a quicker easing of credit amid fears of a recession. Analysts caution that cheaper money alone may not spark a rapid market or economy rebound, noting past delays before recovery. The move follows a December rate cut and aims to ease banks’ lending and boost liquidity.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
Alan Greenspan
Central Bank
Ten
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Scott & Stringfellow Investment Corp
NYSE
SIPC
Ingersoll-Rand
Kroger
Abbott Labs
Allegheny Power
Electric Power
Imgi Communication
Ameritech
Imesa Limited
At&t
Mobil Corp
Monsanto CO
Anheuser-Busch
Apple Computer
Ashland Coal
Ashland Oil
Senso
Rare
Ziew
Atlantic Richfield
Navistar Int'l
Norfolk Southern
Baker-Hughes
Baltimore Gas & ES
Ee S
Stenson
Bearings Inc
Bell Atlantic
Bellsouth Corp
Pac Tees
Sascas
Eaomo
Souss
Steel Er
Aeco
Persice Inc
Phila. Electric
Carolina Power
Zara Pres
Sse
Chevron Corp
Anaes
Ae A Phillips
Chrysler Corp
Pittston Coal
Coca-Cola CO
Siasoo
Sie.sas
Osra
Szzas
Es Potomac Elec
PWR
Columbia Gas Sys
Ee Es Corning Inc Pulase
Ben Une Teas
Ee Csx Corp
Detroit Edison
Rite Aid Corp
Aezee
Geese
Seree Bae
Sere Aae Leree Rockwell. Re
Isaralee Corp
Eeees— Taut Reel Eee
Sears Roebuck
Neeee Eeel Ee
Southern Co
Emerson Electric
Tenneco
Puan
Erie Sia
Texaco Inc
Sam
Coon
Sznaas
Ans
Vagina Bank
Ford Motorgo
WAL Mart
Wendy's Int's
Seu
Eiecrac
Ssees
Son7s
W7smo
Som Westinghouse
Eee
Igen. Motors Corp
Westmoreland
SS Corp
West
Georgia Pacific
Westwaco Corp
Ggilette
Xerox Corp
Glaxo Holdings
Ee Goodyear Tire
IBM
By William Flannery
St. Louis Post-Dispatch
A-L-S
Richlands
Obay
Bluefield Aya Sluetidé
Comet
Martin Sherer
Robert S. Bear
Cardio-Care of
Bluefield
Bluefield Regional Medical Center
Cherry Street
Charles LaLoggia
Gil
Douglas Sporting Goods Co., Inc
Brick Street
Princeton
West Virginia
Houdy's Jewelers
Wenonah Avenue
Pearisburg
Virginia
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