Rate watch as Fed hikes rates hits borrowers hard
Consumers face higher borrowing costs across homes cars and credit cards after the Federal Reserve raised short term rates to 3.75 percent. Banks lifted prime to 6.75 percent, mortgage rates climbed, and refinancing slowed while car loan rates rose modestly. Savers gain little as deposit rates edge up only slightly.
MENTIONED IN THIS ARTICLE
Federal Reserve
Robert Heady
Bank Rate Monitor
Palm Beach
Fla
Clinton
Fed
David Lereah
The
Mortgage Bankers Assn
Paul Getman
Regional Financial Associates
Deficit surge surprises economists in February trade data
The Commerce Department reports February U.S. trade deficit at 9.71 billion dollars, the widest in six years, driven by a 22.4 percent goods gap rise to 13.89 billion and a 5.8 percent jump in oil imports to 3.23 billion. Japan remains the largest deficit partner at 4.63 billion.
MENTIONED IN THIS ARTICLE
U.S
Washington
Commerce Department
America
United States
Japan
China
Trade in Goods and Services Snapshot Overview
The report outlines month by month changes in the U S trade balance. It shows the overall deficit, the deficit in goods, and the surplus in services. It highlights how services offset goods losses in the combined balance.
Local Stocks Market Update Featured in Journal-World
Stock market update notes local interest stocks and phone line for quotes. Readers are directed to dial 865-5000 for latest local quotes and to watch for the Saturday Journal-World wrapup.
MENTIONED IN THIS ARTICLE
Iar Ast Alcess
Journal-World
Midland and regional markets report farm prices and metal rates
Morning market scan shows Midland Elevator quotes Wheat 3.33, Corn 2.56, Milo 4.08, Soybeans 6.57. Omaha area livestock bids rise for hogs and steadier to lower for cattle while Dodge City notes slow trade with 8,900 slaughter steers and 2,400 heifers sold Monday. St Joseph quotes for hogs and sows vary by weight. Nonferrous metals in New York list aluminum 57.8c per lb, copper near 0.9100 to 0.8710, lead 34c, zinc 0.4441-0.4896, tin 3.6288, gold 376.80, silver 5.160, platinum 399-401.25. Rates from Commerce Bank KC reflect interbank trades at 8 am today.
MENTIONED IN THIS ARTICLE
Dodge City Livestock Doppee City
Kansas
New York
London
U. S
Comex
Handy & Harman
Mercury
N.Y
Target plans big store at 33rd and Iowa in Lawrence
Target Stores Inc. seeks Lawrence City Commission approval for a 156000 square foot first phase on a 30 acre site at 33rd and Iowa with six future buildings. Aldi failed to exercise its option on the nearby property and may relocate to South Iowa Street.
MENTIONED IN THIS ARTICLE
Target Stores Inc
Lawrence City Commission
33Rd
Iowa
City Hall
Target
Doug Brown
Aldi Stores Inc
W. 23Rd
Iowa Street
Brown
Aldi
Martin Flory
Lawrence
Flory
Sprint earnings rebound with first quarter profit
Sprint Corp reports a first quarter profit of 227 million dollars or 65 cents a share up from a 413 million dollar loss or 1.21 a share a year earlier. Revenue climbs 12 percent to 3.03 billion as long distance gains and higher cellular base drive results aided by 75,000 new customers in Q1.
MENTIONED IN THIS ARTICLE
Sprint
Sprint Corp
Rochester Telephone Co
Citicorp Restores 15 Cent Dividend After Restructuring
Citicorp reinstates its quarterly common stock dividend at 15 cents per share, signaling recovery after the 1980s lending spree. The board approved the payout Monday, more than two decades after the cancellation amid a broad restructuring.
MENTIONED IN THIS ARTICLE
Citicorp
Top Women Business Owners List Highlights Marian Ilitch
Marian Ilitch, secretary treasurer of Little Caesars, tops Working Woman magazine's third annual 50 top women business owners list. The Detroit executive owns half of the pizza chain, which posted 2.3 billion dollars in sales, the highest among the 50 firms. Joyce Raley Teel of Raley's in Sacramento ranked No. 2, owning 100 percent of her company, valued at about 1.7 billion dollars.
MENTIONED IN THIS ARTICLE
Little Caesar Enterprises
Raley’s
Working Woman Magazine
Marian Ilitch
Little Caesar
Joyce Raley Teel
Sacramento
Calif
Also Mentioned on This Page
Ource
US. Dept. of Commerce
Win Jones
AlliedSig
Office Depot
Applebee's
O'Reilly Auto
Payless Cash Buckle Inc
JC Penney
Casey's Sevens We
Pepsico
CommBancsh
Quaker
Dayton-Hudongcees
Sallie Mae
Fleming Fmc
Santa Fe
Sealright
Goodyear
Sears
Midland
Omaha Livestock
Omaha
Nes
Usba
St. Joseph Livestock
St. Joseph
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Mexico
Switzerland
Women’s List
Metropolitan Federal Office
Metro Federal Bank
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!