Insurance scams masquerading as college savings plans
The piece critiques college savings policies sold as life insurance, citing lawsuits in Pittsburgh against MetLife. It details cases where families invested large sums into policies for children, facing penalties and poor cash values. Experts warn these plans often underperform versus bank or mutual fund options and warn of tax penalties on withdrawals.
MENTIONED IN THIS ARTICLE
Pittsburgh
The
Metropolitan Life Insurance Co
Thomas
JoAnn Rostek
U.S. Air Force
Nathan Bennett
Bennetts
Rosteks
MetLife
Charles Lahner
Richard Sabo
Money Concepts
Allison Park
Universal-Life
Barometer hits new high as June output shows modest growth
The government’s leading economic indicators rose 0.2 percent in June, signaling ongoing moderate growth. Orders to U.S. factories climbed 0.8 percent for the fourth straight month, led by medical instruments and navigation equipment, while softer consumer spending and mixed other components tempered optimism. Analysts foresee a slowing economy due to higher interest rates, with officials optimistic about sustaining growth and low inflation. The index stood at 101.5, a record high since 1948.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Michael Evans
Evans Economics Inc
Florida
Clinton
Alicia Munnell
Treasury
Local Stocks Update and Market Wrapup Preview
Local stocks section notes a market update and hints at a complete market wrapup in Saturday Journal World. It mentions a stock market update and a general stock watch, with contact lines included.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator Prices and Omaha Livestock Market Quoted
Prices for wheat corn milo and soybeans listed from Midland Elevator. Omaha market shows hogs cattle and sow prices with weights and ranges, plus Kansas City feedlot sales and nonferrous metal values. Also notes FCC action on information service charges and Subaru advertising shift and Walmart overtaking Sears per Fortune.
MENTIONED IN THIS ARTICLE
Midland
Omaha
Omana
Nes
Uspa
J Crew to Open Outlet at Riverfront Plaza
J Crew plans a mid September store opening at Lawrence Riverfront Plaza Factory Outlets on the malls second level in a space formerly Harve Bernard. Riverfront Plaza manager David Longhurst confirmed the tenancy though no formal announcement has been issued. The New York based clothing retailer markets through its mail order catalog and operates few outlets besides a handful of stores.
MENTIONED IN THIS ARTICLE
J. Crew
Lawrence Riverfront Plaza
David Longhurst
Riverfront Plaza
Lawrence
American Home Products offers $8.5 billion to buy American Cyanamid
American Home Products Corp seeks to acquire American Cyanamid Co in a cash offer valued at about $8.5 billion or $95 a share, a premium of over 50 percent to Monday's close. The bid was sent in a letter Tuesday to Albert J. Costello, Cyanamid's chairman and CEO.
MENTIONED IN THIS ARTICLE
American Home Products Corp
American Cyanamid Co
American Home
American Cyanamid
Albert J. Costello
Big drug firms offer up to 160 million to HIV patients
Two major medical suppliers Baxter International Inc and Rhone Poulenc Rover Inc proposed paying as much as 160 million to HIV infected hemophiliacs and their survivors to settle a federal lawsuit in Chicago. The offer came on Tuesday as part of a negotiated settlement in U.S. District Court.
MENTIONED IN THIS ARTICLE
Baxter International Inc
Rhone- Poulenc Rover Inc
U.S
Chicago
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Jane Bryant Quinn
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U.S. Dept. of Commerce
Ais TH Chan
Sint
AlliedSig
Buckle Inc
Casey's Saeawaneenenee
Dayton-Hud
Fleming
Anc
FMC
Wissaee
Goodyear
Hercules
Kmart
Kroger
Ladone
Lone Star Sticks
Wrens One
Mercantile
Merck
FyPlavresr Rennet Dn
NPC Intatleeansene
O'Reilly Auto
JC Penney
Saree Adms
Pepsico Serene Bok
Quaker
Sallie Mae
Santa Fe
Sealright
Sthwest Res
TRW
Trinova
UtiliCorp
Wal-Mart
Western Res
Williams
Woolworth
Edward D. Jones & Co
St. Joseph
St. Josern
Dodge City Livestock
Deper City
Kansas
New York
London
Comex
Handy & Harman
Mercury
Newark
N.Y. Feontearny
N.Y
Commerce Bank of
Kansas City
N.A
Commerce Bank
FCC
Federal Communications Commission
Richard Metzger
Common
Subaru
Sears
Wal-Mart Stores Inc
Sears Roebuck & Co
Fortune Magazine
Japan
United States
Fortune
Canada
France
Germany
Great Britain
Italy
Mexico
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Harve Bernard Factory
Longhurst
Douglas County Bank
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Tawrence
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