Retired magnate returns to rescue Lone Star investment
James E. Stewart, once chairman and chief executive of Lone Star Industries, returns from Switzerland to steer the Greenwich based cement maker as it battles a slow housing rebound and a first quarter loss of 22.4 million. He controls 11 percent of Lone Star stock and has driven major leadership changes since 1973.
MENTIONED IN THIS ARTICLE
James Peltz
Associated Press
New York
James E. Stewart
Lone Star Industries Inc
Switzerland
Lone Star
Stewart
St. Moritz
Caribbean
Greenwich
Wall Street
Profile of thrift items and budgets noted
A compact item on thrift profiles cites figures around 11,412 units and an approximate 5,000 budget. The brief presents a financial framing of thrift usage and expenditure without broader context or named entities.
Money funds keep sliding as withdrawals rise
Money market mutual funds extend weekly losses to 26 with assets dropping $779 million to $169.7 billion in the week ending Wednesday. Investors pull funds amid competition from new money market deposit accounts by banks and savings institutions begun December 14, while yields edged down with the seven and 30 day averages at 7.79 and 7.83 percent respectively.
MENTIONED IN THIS ARTICLE
New York
Investment Company Institute
Donoghue
Money Fund Report
Holliston
Mass
Falsified applications boost credentials checking firm
In Edina Minnesota National Credential Verification Service expands from academic checks to job histories amid rising forgery in applications. Kay Henry and Steve Spang run the firm with seven part timers, serving hundreds of clients and charging 25 dollars for the first check, 20 for a second and 15 for subsequent verifications with a 200 verifications package at 15 dollars each.
MENTIONED IN THIS ARTICLE
John Lundquist
Associated Press
Edina
Minn
Minneapolis
Kay Henry
Steve Spang
Henry
University of Illinois-Carbondale
Washington Post
Janet Cooke
Paul Crafton
George Washington University
Moderate summer gas price hikes predicted
Gasoline prices are edging higher as summer nears with analysts forecasting only modest increases. The national average rose from 1.12 to 1.22 per gallon from March to May, aided by a 5 cent tax rise, while demand and economy will largely shape summer prices.
MENTIONED IN THIS ARTICLE
Robert Burns
Associated Press
New York
Trilby Lundberg
Lundberg Letter
Ted Eck
Standard Oil Co
Indiana
Eck
Organization of Petroleum Exporting Countries
Lundberg
Economic data calendar previews major U S reports
The Commerce Department will release April consumer installment credit data on Monday. The Labor Department is due to report weekly state unemployment claims on Thursday. May retail sales and the producer price indexes are both expected on Friday. The Federal Reserve Board is anticipated to publish the money supply for the week ended June 1 on Friday.
MENTIONED IN THIS ARTICLE
Commerce Department
Labor Department
Federal Reserve Board
Society of Manufacturing Engineers Golf Stag Dinner
The Society of Manufacturing Engineers hosts a golf stag and dinner at Macbride Golf Course starting Saturday at 9 a.m. Members meet for a morning round followed by a meal and gathering.
MENTIONED IN THIS ARTICLE
Society of Manufacturing Engineers
Macbride Golf Course
Money rates reported by Telerate Systems Inc
Late Friday money rates shown by Telerate include Prime Rate at 10.14 percent, Discount Rate 8 percent, Broker call loan rate 9 1/4 to 10, and Federal funds market rate with high 8 percent, low 8.5 percent, last 8.3 percent.
MENTIONED IN THIS ARTICLE
New York
Telerate Systems Inc
Also Mentioned on This Page
Shattuck Military School
Minnesota
Washington and Lee University
Lexington
Pomona College
Claremont
Calif
Hollywood
National Building Centers Inc
New York Times
U.S
Washington
Lebanon
Kan
Alaska
Hawaii
South Dakota
Montana
Wyoming
James Stewart
Profile of
Thrift
Savings & Loans
United States
National Banks
Mutual Savings
Saving and Loan Associations
InfoGraphics InfoGraphics
Arkansas State University
AP Photo
Allan Wilbur
American Automobile Association
AAA
Wilbur
Geoff Hertel
Houston
Rotan Mosse
Hertel
American Petroleum Institute
Marty Smith
Millhiser Smith Agency. Inc
Oakland Road
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