Analysts wary as stock market rally continues
Analysts cautious about the rally as industrials utilities and bonds reach new highs. The Dow rose 13.13 to 3652.09 and the Nasdaq fell 1.48 to 733.66 while bond prices strengthened after durable goods data. Cable equipment stocks climbed on expectations of telecom demand post court ruling.
MENTIONED IN THIS ARTICLE
New York
Harry W. Laubscher
Tucker Anthony Inc
DOW Jones
Dow
New York Stock Exchange
David Shulman
Salomon Brothers
Wall Street
American Stock Exchange
NYSE
Philip Morris
Labor Department
sBut
Treasury
Stocks and Livestock Quotes From Midland to Wall Street
Local market notes show Midland Elevator quotations for Wheat 2.99, corn 2.31, milo 3.76, soybean 6.46. Omaha and St Joseph livestock quotes cite hogs and sows gains, cattle and calves none, while New York stocks fall on profit taking with mixed bond moves and Tokyo gains.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha, Neb
USDA
Omaha
U.S
St, Joseph
Ford offers longer contract to bring labor stability
Dearborn based Ford Motor Co asked the United Auto Workers to consider a new contract extending beyond the typical three years. The longer agreement, tabled Wednesday, aims to provide greater stability for the boom and bust auto industry and is Ford’s first comprehensive offer to the UAW, which represents about 100,000 Ford U.S. hourly workers.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
United Auto Workers
Ford
UAW
U.S
IRS to Begin Luxury Tax Refund Across Retailers
The IRS plans refunds for millions of dollars to retailers who collected the now repealed luxury tax on yachts, jewels, furs and planes. Most buyers should seek refunds through merchants. direct IRS payments go to those who paid tax themselves. Tokyo markets show Toyota posting a 26 percent group profit drop due to yen strength, weak demand, and labor costs.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Tokyo
Toyota Motor Corp
Japan
Honda
Matsushita
Sony
Toyota
Vanishing premium promises fade as rates drop nationwide
In the era of low rates many vanishing premium life policies may not live up to claims from the early 1980s. Consumers were told premiums would be covered once cash value grew, but single digit rates have left many policyholders surprised and unsure when premiums will vanish. Experts urge buyers to question illustrations and assumptions about future interest rates and policy performance.
MENTIONED IN THIS ARTICLE
Houston
J. Robert Hunter
The
National Insurance Consumer Organization
Alexandria
American General Life Insurance Co
Prudential Insurance Co. of America
Geoff Rips
Texas Office of Public Insurance Counsel
Reading the fine print on life insurance illustrations
The piece warns buyers to review multiple illustrations before purchasing life insurance. It cites rates from 8 to 6 percent showing timeframes to cover premiums, cautions that projections aren’t guaranteed, and suggests asking for an in force illustration to verify premium vanish in the expected year. It references George F. Williams of Linscomb & Williams and American General.
MENTIONED IN THIS ARTICLE
George F. Williams
Linscomb & Williams
Houston
American General
Gary Ryan
Financial Services
Also Mentioned on This Page
N.Y. Times News Service
Laubscher
Mattel
Maxus
Alcoa
At&t
Oh AS
BeliSo
BeliSt
NetitLab
Namihly
NewaGo
Boeing
Owens
PacTei
Pepsic
ITA PhiiPal
Bae Bae Chevin
Promus
Raycom
Saralee
Dianey
SciuFl
DuPont
Schimb
Sears
Ayia Exxon
Texaco
TimeWa
Hanson
Usxmar
Ucarb
Folwih
YPF
Omaha Livestock
St. Joseph Livestock
Frankfurt
Germany
Paris
London
East
TAY
Allied Sig. Block
Commerce Bancshares
Fleming
FMC
Fourth Financial
Hercules
BSA Hors
Kmart
Kroger
Mercantile
Merck Lh Ms
Metropolitan Financial
Natl Pizza
JC Penney
Quaker
Sallie Mge
Santa Fe
Seafield
TRW
Trinova
UuliCorp
Wal-Mart Sv Sa
Western Resources TV Yi
Williams
Serene Ova
Woolworth
Edward D. Jonas & Co
Iraq
Clinton
National Bureau of Economic Research
Rally
IDD
Tradeline
NEC
Motorola
Community Paging Corporation
By Pamela Yip
Houston Chronicle
Hunter
Elas
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