Economic reports hint at slow recovery amid mixed data
U.S. factory orders rose for a third time in four months while mortgage delinquencies fell, signaling gradual improvement. February auto sales edged up. consumer optimism and hiring signals appeared modestly brighter even as help wanted ads dropped to nine year lows.
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Stocks Slip From Record High As Market Stumbles
The New York stock market fell in late trading with the Dow down 21.69 to 3268.56 as volume neared 207 million shares. Broad declines outpaced advances about 5 to 3 on the NYSE while analysts cite rising long term rates and a potential market correction.
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GM ads urge Japanese to judge for themselves
GM Japan launches blunt ads inviting consumers to compare Cadillac Seville and Infiniti Q 45 on price and fuel economy. The two month campaign runs in seven national papers, aims to counter a negative view of U S cars and costs about $154k to $177k per full page.
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K.P. Hong
Associated Press
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Kmart reports 19.2 percent quarterly earnings gain
Kmart Corp posts a 19.2 percent rise in Q4 earnings to $479 million or $2.11 per share on $10.72 billion revenue, as refurbishments and strong specialty-store sales lift results. Full-year earnings reach $859 million with revenue up 7.8 percent to $34.97 billion.
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Farmers Union presses Madigan to quit post
The Farmers Union led by Leland Swenson demands Agriculture Secretary Edward Madigan resign over his stance on the GATT Uruguay Round. They argue the Dunkel draft harms farm prices while supporting export subsidies cuts and import barrier removals.
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No-Net Loss for Family Farms Urged by Union
ES MOINES The No-Lio Farmers Union adopted a stronger policy urging the federal government to favor family farmers in agricultural policy. The 250000-member group seeks a no-net loss of family-sized farmers to curb consolidation by larger and corporate units. Leland Swenson was re-elected president for a third term, with Frank Daniels named vice president. Kelsey retires after two terms.
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Steven P. Rosenfeld
ES Moines
Leland Swenson
Huron
S.D
Frank
Bud” Daniels
Great Falls
Mont
Daniels
Charlie Nash
Ottawa
Ohio
Jack Kelsey
Waynoka
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