UTC to Build Private Spaceport in Australia
United Technologies Corp plans to build and manage a commercial spaceport in Cape York northern Australia via USBI Co. The base will launch U.S. satellites on Zenit rockets for telecommunications customers and would mark the first private spaceport venture.
MENTIONED IN THIS ARTICLE
UTC
United Technologies Corp
Sheller Globe
Iowa
Australia
Usbi Co
Huntsville
Ala
Cape York
U.S
Auto Incentives Extended by Ford GM on Chevrolets Oldsmobiles
General Motors extends incentives on Chevrolet cars and light trucks to Sept 26 with rebates from 500 to 1500 and on some Oldsmobile cars to Aug 2 with rebates from 1000 to 2500. Ford extends incentives to Aug 8 for Ford brands and Sept 26 for Lincoln Mercury with rebates from 600 to 1500 and 700 to 2000 respectively.
MENTIONED IN THIS ARTICLE
General Motors
Chevrolet
Ford
Lincoln
Mercury
Gnomes Creator Vernon Grant Dies at 88
Vernon Grant, longtime illustrator and creator of Kellogg's Snap Crackle and Pop, died in Rock Hill South Carolina at age 88. A Nebraska native, he drew a gnome Santa cover for Ladies Home Journal in 1932 and created the cereal sprites in 1933.
Computerized sales drive market lower
Stocks drifted lower in quiet trading then fell sharply as computerized sell programs kicked in. The Dow closed down 23.27 at 2,890.84 with more decliners than advancers. Wal Mart led East Iowa activity amid expectations of June sales, while government sold 5 billion in 30 year bonds to aid the S and L bailout with an 8.93 percent yield.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Wal-Mart
Iowa
Norwest Corp
Procter & Gamble
United Technologies
Penwest Ltd
Raytheon
At&t
Philip Morris
General Electric
Boeing
IBM
Washington
Savings and Loan
Bondy on Money setting realistic IRA expectations
A reader seeks 20 percent annual returns from a retirement account with mutual funds. The adviser cites S&P 500 history, urges realistic goals, and suggests staying in one fund family to avoid delays. Recommends aiming to beat five year CD rates or long term government bonds and warns against market timing.
MENTIONED IN THIS ARTICLE
Standard & Poor
S&p 500
S&p
Traders on trial partial verdicts in two cases
In New York a federal jury convict ed John A. Mulheren Jr. of conspiracy and stock manipulation in the Boesky case, while deadlocking on other charges. Chicago juries returned mixed results after an FBI sting, with some traders convicted on commodity fraud and others acquitted or hung on many counts.
MENTIONED IN THIS ARTICLE
New York
John A. Mulheren Jr
Wall Street
Ivan F. Boesky
Chicago
FBI
Robert D. Mosky
Danny L. Scheck
David Zatz
Also Mentioned on This Page
Gnomes
Bondy
Fidelity
Scudder Stevens
T. Rowe Price
20Th Century
Vanguard
Susan Bondy
Securities Corporation of Iowa
Cedar Rapids
Second Avenue
Mulheren
Boesky
Miriam Cederbaum
Leonard DeStefano
Jamie Securities
U.S. District Court
FDIC
Treasury
MidAmerica
MinAmerica
Spay Mater
See
Benesiy
Winans
Socreed
Home Plaza
Waterloo
Fan Cotes Sey
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