Japan launches Big Bang reforms to revitalize economy
Japan begins its Big Bang economic reforms aimed at deregulating and rebuilding the banking system. The changes expand consumer investment and banking options, signaling a shift in how the world’s second-largest economy conducts business.
MENTIONED IN THIS ARTICLE
Japan
SEC probes Columbia/HCA on federal securities laws
The SEC and DOJ probe the nation’s largest hospital company for potential securities violations. Columbia/HCA disclosed the investigation covers antifraud periodic reporting and internal controls, with NASD possibly joining. Also notes tax home office deduction guidance and earnings roundup for Zenith Electronics and Lone Star Steakhouse firms.
MENTIONED IN THIS ARTICLE
Securities and Exchange Commission
U.S. Justice Department
SEC
Columbia
HCA Healthcare Corp
National Association of Securities Dealers
IRS
Zenith Electronics Corp
Lone Star Steakhouse & Saloon Inc
House approves bill to let credit unions widen membership
The House voted 411 to 8 to override a Supreme Court ruling and allow credit unions to include more groups in their memberships within limits. The measure, backed by Speaker Gingrich and supported by the Clinton administration, would preserve current customers and aid 70 million members amid banking industry opposition.
MENTIONED IN THIS ARTICLE
Washington
House
Supreme Court
Steven LaTourette
Ohio
Paul Kanjorski
D-Pa
Newt Gingrich
Federal
Jim Leach
Alown
House Banking Committee
David Bonier
Michigan
Senate
Clinton
Economy heats up as manufacturing and spending rise
New data show robust growth with factory activity rising in March, the ISM index at 54.8, and February construction spending up for the third straight month. Analysts note continued strength despite Asia turmoil, with gains in housing and government construction offsetting commercial declines.
MENTIONED IN THIS ARTICLE
New York
Sung Won Sohn
Norwest Corp
Minneapolis
Asia
U.S
Allen Sinai
National Association of Purchasing Management
Conference Board
Commerce Department
Market quotes and livestock prices across multiple midwestern regions
As of Wednesday close Farmers Cooperative Assn South Elevator Wheat 3.01 soybeans 6.11 milo 3.64 corn 2.28 Midland Elevator Wheat 3.04 soybeans 6.16 milo 3.70 corn 2.33 North Elevator Wheat 3.04 soybeans 6.16 milo 3.70 corn 2.33 Donat City Dodge City KS livestock quotes show steady slaughter steer and heifer values with strong week totals. St Joseph benchmarks list feeder cattle receipts and varied steer heifer prices. US hogs and cattle at Omaha market with modest shifts. New York metal prices posted for aluminum copper lead zinc tin gold silver mercury and platinum.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Assn
South
Milo
Midland
North
New York
London
N.Y. Mere
N.Y
Lawrences KU and Jayhawk Credit Unions Share Members
In Lawrence two federal credit unions, KU Credit Union and Jayhawk Credit Union, total nearly 6,000 members. Across Kansas 30 federally chartered unions serve about 67,000 members, while 118 state chartered unions number near 500,000 members and were not affected by the Supreme Court ruling.
MENTIONED IN THIS ARTICLE
Lawrence
KU Credit Union
Jayhawk Credit Union
Kansas
Supreme Court
Two firms eye Lawrence for new distribution and rail equipment
Lawrence could gain 90 jobs from two prospective investors. A Canadian rail equipment refurbisher targets an 81,000 square-foot East Hills site or new construction while a consumer products firm searches three Lawrence sites and eight others in the Kansas City metro for a 277,000 square-foot distribution center with about 50 staff at $11 hourly.
MENTIONED IN THIS ARTICLE
Lawrence
Bill Martin
Kansas City
East Hills Business Park
Kansas Highway 10
Anna Hope
Iowa Street
Lakeview Road
Harris
North Iowa
Kasold Drive
Lakeview
Martin
East Hills
Banks hike ATM surcharges for noncustomers, study finds
A US PIRG study of 470 banks in 28 states shows surcharges for noncustomers using ATMs rising to 71 percent from 45 percent since 1997. The average fee climbed to 1.23 dollars, with larger banks charging more often. In Kansas 70 percent levy fees averaging 1.04 dollars. Consumer groups say the practice favors big banks, while banks cite improved service and willingness to pay.
MENTIONED IN THIS ARTICLE
New York
U.S
Public Interest Research Group
Kansas
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Ijworld.com
Nations Bank
NationsBank
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