Local computer retailer to merge with Denver firm
Connecting Point Computer Center of 813 Mass will become a wholly owned CWE Inc. subsidiary in a stock for stock deal. CWE operates Den ver superstore and outlets in Lincoln and Omaha with a South Dakota office. Connecting Point expects a September contract and December closing after due diligence and SEC review. Schachter and Rhonda Ross will run the unit with Schachter as president, expanding regional reach and education sales. CWE has 27 years in business, 32 million in annual sales, and stock near 3 11/16 this morning.
MENTIONED IN THIS ARTICLE
Connecting Point Computer Center
Myles Schachter
Connecting Point
813
Mass
CWE Inc
CWE
Denver
Lincoln
Omaha
Neb
South Dakota
Schachter
Securities and Exchange Commission
Rhonda Ross
IBM
Schacter
Durable goods orders fall while existing home sales rise sharply
U S factory orders for durable goods dropped 3.8 percent in July led by aircraft and auto orders, marking the fourth decline in five months and the worst since December 1991. Separately, existing home sales rose 5.4 percent to a 3.88 million annual pace as mortgage rates hit a 20 year low, with the Midwest up 9.3 percent despite heavy rains.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Federal Reserve
William S. Chee
National Association of Realtors
Midwest
Tokyo
London
Financial Times-Stock Exchange
Frankfurt
Global business briefs show mixed August auto rise and yen impact
Domestic automakers reported a 5.3 percent rise in mid August sales lifting spirits after earlier weakness. In Japan Honda and Matsushita warned yen gains hurt profits, with Honda down 62 percent to 6.09 billion yen and Matsushita down 23 percent to 6.7 billion yen. An Arkansas CPA testified that Wal Mart pharmacies lifted independent drugstore sales, while Mercedes-Benz pledged 14,000 layoffs amid cost cuts and LTV Corp. faced a costly bankruptcy with fees over $200 million.
MENTIONED IN THIS ARTICLE
Detroit
Tokyo
Honda Motor Co
Matsushita Electric Industrial Co
Honda
Matsushita
Panasonic
Technics
Conway
Ark
Wal- Mart Stores Inc
Arkansas
Certified Public Accountant
Wal-Mart
Noon markets mix with livestock and stock rally
AP reports brisk activity in New York and Omaha trading noon prices for grains and livestock quotes from Omaha and St. Joseph. US stock market climbs with Dow up 9.22, NYSE volume 141.85 million, as cyclicals lead gains amid cautious economic signals.
MENTIONED IN THIS ARTICLE
New York
NYSE
Brooke
Wall Street
New York Stock Exchange
American Stock Exchange
General Motors
Deere & Co
Low yields push investors into longer bonds and riskier assets
New York reports explain why investors seek higher yields by taking on more risk in Treasuries. The 2 year note auction yielded 3.94 percent, the lowest since April, while owners who bought in 1991 faced a 39 percent drop in income when rolling into new notes, prompting a shift to longer maturities and higher credit risk assets such as corporate and high yield bonds or stocks.
MENTIONED IN THIS ARTICLE
New York
Treasury
Neal M. Soss
First Boston Corp
Environmental tests begin at plant site in East Lawrence
Kansas Public Service reports a study of a former manufactured gas plant site at Eighth and Pennsylvania to decide if cleanup is needed. The site produced gas from 1869 to 1905 and left coal tar byproducts. soil and water tests will proceed for two to three weeks under KDHE supervision, with a consultant report due by January.
MENTIONED IN THIS ARTICLE
Kansas Public Service
East Lawrence
KPS
Eighth
Pennsylvania
Kansas
Dean Burger
Kansas Department of Health and Environment
Burger
Also Mentioned on This Page
Tao
U.S. Dep
Dane
Mercedes-Benz
Stuttgart
Germany
Mercedes
LTV
LTV Corp
Midland
Lawrence
Omaha Livestock
USDA
St. Joseph Livestock
ST. Joseph, Mo
Am Bt
Amoco
Ma Marck
Ameo
Mapaine
Bam
Mital
Mobil
BollSo
Morgan
TAY Tay
Ve BethSt
Barden
Cotatl
RJR Pia
Steth Rayom
ColgPal
iColGeaia
Salome
He ‘SwAld
Olsnay
Alva ‘Scholl
DomRas
StorTch
Kodak
Sunn
Enron
Bae
Uskmar
Ucalra
Gillste
Unocal
WalMita
Hanson
Allied Sig
Commerce Bancshares
Fleming
Ye Va
Evi
Fourth Financial
Hercules
BSA
Kmart
Kroger
Mercantile
Merck
Western Resources
Williams
Woolworth
Edward D. Jones & Co
Thane Aes
DENG
INEC
Community. Paging Corporation
Suite
M. Topeka, Kansas
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