Outdated role of shareholder meetings in corporate democracy
Shareholder meetings have evolved in appearance but not substance from the 1960s and 1970s social gatherings to today. Executives see meetings as nuisances, while investors gain information through media coverage and preplanned agendas. Corporate leaders like John Smale argue questions are rare, and figures such as J B Fuqua call for scrapping meetings, though NYSE rules keep them alive.
MENTIONED IN THIS ARTICLE
At&t
U.S. Steel
Stevens Institute
New York Stock Exchange
John Smale
General Motors
Institutional Investors
Washington
Smale
J.B. Fuqua
Fuqua Industries
Vista Resources
Fuqua
Clinton taps Blinder as Fed vice chair and Yellen for vacancy
President Clinton named Alan Blinder to be vice chairman of the Federal Reserve Board and nominated Janet Yellen to a second vacancy. Blinder, a former Princeton professor and current White House Council of Economic Advisers member, may be in line to succeed Greenspan. Yellen, Berkeley economist and former colleague of CEA chair Laura Tyson, would replace Wayne Angell.
MENTIONED IN THIS ARTICLE
Alan Greenspan
Greenspan
Clinton
Yellen
Laura D’andrea Tyson
Council of Economic Advisers
Tyson
University of California
Blinder
David W. Mullins
Ture
Berkeley
Wayne Angell
Brown University
Yale University
Market wrapup teased for Saturday Journal-World
Local interest notes the latest stock quotes will appear in Saturday's Journal-World with a complete market wrapup.
MENTIONED IN THIS ARTICLE
Journal-World
Daily market quotes from Midland to Kansas and New York
Local morning prices show wheat at 3.30, corn 2.56, milo 4.12, soybeans 6.61. Hog quotes rise 1.00 from Thursday with ranges 42.00 42.50 for 230-270 lb, others. Kansas City and Dodge City report slow feedlot sales with 70,000 head this week and 18,300 head previously contracted. Leathered by cattle totals, slaughter steer 75.50 for 1200 lb, heifers 74-75, and many 65-74 ranges. Metals prices list aluminum 57.2c/lb, copper .91 and .8875, lead 34c, zinc .4337-.4791, tin 3.6192, gold 369.65-373.10, silver 5.075-5.277 per troy oz, platinum 387.80-401.25.
MENTIONED IN THIS ARTICLE
Dodge City
Kansas
New York
London
U.S
Handy & Harman
N.Y
Currency Rates from Commerce Bank KC N A Today
Commerce Bank of Kansas City provides interbank foreign exchange rates as of 8 a.m. today. Retail rates may differ per currency unit. For more information and additional rates call Commerce Bank at 800 892 7100.
MENTIONED IN THIS ARTICLE
Commerce Bank of
Kansas City
N.A
U.S
Commerce Bank
Douglas County exporters to appear in new international directory
A Lawrence based program led by Julie Love of Kansas International Inc reports 31 Douglas County firms export abroad. Of these 22 sell goods and nine provide services. The KI directory will include a membership roster and an international resource section with Commerce and embassy contacts, funded by a Southwestern Bell Foundation grant.
MENTIONED IN THIS ARTICLE
Douglas County
Julie Love
Kansas International Inc
Love
Lawrence Consulting
Rich Caplan & Associates
Lawrence Chamber of Commerce
Caplan
Kansas Department of Commerce
Southwestern Bell Foundation
IBM profits rebound as first quarter shows gains
IBM reports 392 million earnings in the quarter ended March 31 or 64 cents a share. Revenue reaches 13.4 billion, up 2 percent from a year earlier. Cost savings and slower sales decline in mainframe units help morale after years of layoffs and red ink.
MENTIONED IN THIS ARTICLE
New York
IBM
Wall Street
International Business Machines Corp
Michael Geran
Pershing & Co
Mortgage rates rise to two-year high on fixed loans
Mortgage rates climbed this week to the highest levels in nearly two years. The 30-year fixed rate averaged 8.49 percent, up from 8.26 percent, and the one-year adjustable rate averaged 5.06 percent. Fifteen-year mortgages averaged 7.97 percent as refinancers faced higher costs. points were not included.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Ford to merge operations in North America Europe
Ford Motor Co will remap its automotive operations merging them in North America and Europe and creating international teams to develop new cars and trucks. Chairman Alex Trotman said the changes aim to improve products and profits delivering a leaner Ford with potential savings up to 3 billion dollars annually by decade’s end.
MENTIONED IN THIS ARTICLE
Ford Motor Co
North America
Europe
Ford
Alex Trotman
U.S. Firms Beat Expectations Early in Q1 Earnings
About a quarter of major U.S. companies reported results with 66 percent matching or topping forecasts. Profits run roughly 13 percent higher than a year ago and 3 percent above analysts’ projections, IBES and Zacks report.
MENTIONED IN THIS ARTICLE
U.S
Zacks
Rick Pucci
Ibes Inc
Also Mentioned on This Page
Monetary Policymaking Board
Fed
Ronald Reagan
George Bush
Central Bank Board
Dow Ali
Breenss
DIAL
Nail Pizza
AlliedSig
Office Depot
Wenee
Applebee's
O'Reilly Auto
Buckle Inc
JC Penney
Casey's
Ance
Pepsico
CommBancs
Quaker
Dayton-Hud
Railroad Fin
Seaee
Sallie Mae
FMC Fleming
Peesepanee
Santa Fe
Finweenevesee
Sealright
Kroger
Trinova
Labone
Merck
Woolworth
Shakers
Edward D. Jones & Co
Midland
St. Joseph Livestock
St. Joseru
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Ford Operations
Lawrence Journal-World
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