Investment Money The More You Have The More You Get
AP Business analyst examines how large investors earn higher yields than small savers in U S government securities. Sen. John Williams proposes a 6 percent Savings Bond to close the gap and curb unequal treatment of small investors amid shifts in Treasury Bills and Series E Bonds.
MENTIONED IN THIS ARTICLE
Jon Cunniff
Ana
Lyst
New York
United States
Sen
John Williams
Delaware
Williams
Senate
U. S
Treasury Department
Treasury
Federal Reserve Banks
Savings and Loans Associations
Tar Heel Economy Shows Small February Uptick
The Wachovia North Carolina Business Index rose 2.2 percent in February to 2012, with year over year gains of 4.1 percent. Bank debits reached 5.74 billion, up 14.3 percent from a year ago, while manufacturing shed 0.5 percent and unemployment hovered around 3.5 percent in January.
MENTIONED IN THIS ARTICLE
North Carolina
Wachovia Bank and Trust Co
Greenville
Pitt County
Snow Hill
Greene County
Federal Reserve Bank of Richmond
Bank of America Uses Clout to Secure Rate Cut
The Bank of America led the way in backing a federal prime rate reduction after Irving Trust Co announced a cut to 8 percent. Bank officials said overriding public policy concerns justified acting quickly to ease recessionary trends, with Bank of America predicting further reductions within 30 to 60 days.
MENTIONED IN THIS ARTICLE
George Murphy
Irving
Nixon
Irving Trust
Able
Jleft
Murphy
Federat Roe
Bank of America
A. W
Tom” Clausen
Clausen
Houston
Burns forecasts modest drop in bank loan rates
In Senate testimony Federal Reserve Board Chairman Arthur Burns signaled a gradual easing of tight money policies. He expects the prime rate of 8 percent to dip modestly by year end, with a consumer impact to vary by loan type. Burns sees a healthy readjustment with inflation pressure easing but not ruling out recession risks.
MENTIONED IN THIS ARTICLE
New York
Senate Banking Committee
Federal Reserve Board
FRB
Arthur Burns
FEC
Burns
Smart Money
Treasury
Dr. Burns
Paul McCracken
Hugh Scott
Gerald Ford
FBI charges robbery suspect in Matthews heist
William Robert Miller, 42, was charged by the FBI with the February 20 robbery of Peoples Savings and Loan in Matthews. The $219 taken remains unrecovered after the robber forced a teller and a customer to lie on the floor and fled through a back door.
MENTIONED IN THIS ARTICLE
Charlotte
William Robert Miller
Federal Bureau of Investigation
Peoples Savings and Loan Association
Matthews
Robert M. Murphy
FBI
Key named partner at Sprinkle Coffield and Stack firm
Hugh L. Key Jr joins Sprinkle Coffield and Stack as partner after years as an associate. A Wake Forest University and Law School graduate, Key is a member of Phi Delta Phi, the North Carolina State Bar, and the North Carolina Bar Association. He is married to Betty Jo Lingerfelt and they live in Winston-Salem with son Jason. Meanwhile Wachovia plans merger creating preferred stock and exchange for American Credit stock with closing set for April 27.
MENTIONED IN THIS ARTICLE
High Point Law Firm
Sprinkle, Coffield and Stackhouse
Hugh L. Key Jr
Wake Forest University
Wakeforest Law School
Key
Winston-Salem
Wake Forest
Phi Delta Phi Legal Fraternity
North Carolina State Bar
North Carolina Bar Association
Betty Jo Lingerfelt
Rural Hall
Jason
Ann Arbor Ave
American Credit
Wachovia
Wachovia Corp
American Credit Corp
Wachovia Bank and Trust Co., N.A
Merger Approved by Shareholders of Two Banks
Shareholders of American Credit Corp and Wachovia Corp approved a plan of merger in separate meetings. The deal creates a combined financial group with potential synergies in lending, deposits, and regional banking operations. The firms will pursue regulatory approvals and integration steps to finalize the merger.
MENTIONED IN THIS ARTICLE
American Credit Corp
Wachovia Corp
Babcock School of Business to Host Merger Discussion
Wake Forest Universitys Babcock School of Business plans a merger discussion session. Officials from the school and partner organizations will outline implications for students faculty and academic programs during the event.
Deported Man Faces Deportation After Visa Denial
A Hong Kong born psychiatrist, Dr Panh Ling Man, told he must leave the United States though Kentucky's state government needs him as clinical director of Eastern State Hospital. His visa extension was denied by the Cleveland immigration office, with a possible appeal to Richmond within 15 days. His family includes a US citizen son born here and a wife with a Red China birth.
MENTIONED IN THIS ARTICLE
Lexington, Ky
China
United States
State of
Kentucky
Panh Ling Man
Eastern State Hospital
Man
Cleveland
U.S. Immigration and Naturalization Service
Kentucky Department of Mental Health
Lan Wo Hop
Red China
Thomas Peterson
Immigration Office
Peterson
Richmond
Secretaries Find Path from Clerk to Top Position
The ad outlines a secretary’s expanding role beyond typing and reception. It stresses loyalty, judgment, integrity and adaptability, notes that schooling boosts career prospects, and highlights Dixie Personnel’s placement services since 1954 with contact details for offices in the Arcade Building.
MENTIONED IN THIS ARTICLE
Dixie Personnel
Mmost
Arcade Building
Harvey Named South East Regional Sales Manager for Thompson Boat
Tom Harvey of 4708 Roby Dr has been appointed regional sales manager for the southeast region by Thompson Boat Co of Peshtigo Wisconsin. The fiberglass boat maker, with sales near 10 million annually, plans a plant in the Piedmont area next fall as it expands its dealer network into the U S south east. Harvey, a High Point native and Napa College graduate, previously worked for Chrysler Corp Marine Products.
MENTIONED IN THIS ARTICLE
Tom Harvey
Roby Dr
Thompson Boat Co
Peshtigo
Wisc
United States
Thompson Boat
Harvey
Piedmont
Harvey Is
High Point
Napa College
Napa, Calif
Chrysler Corp. Marine Products
Also Mentioned on This Page
Irving Trust Co
Linden St
By Lou Schneider
North American Newspaper Alliance
Professional Life Insurance Service
C.L.A
Geo. P. Clark
C.L.U
Hayden Place
Lyon
Ady
By Ray Hubbarda
Babcock School of Business
Hong Kong
England
Sir
Enzea
SIR Pizza
Spaghett
Southgate
Talambgne
E. Westwood
Lane
Jefferson Standard
Roger Bednarick
Etarys
Dial
Robert McCuiston
C.1.a
South Main Street
Integon’ Financial Services
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