Mutual funds and redemption rights slow performance
Redemption rights, while ensuring liquidity, can drag fund results and trigger market timing fears. Managers warn that constant readiness for redemptions curbs long term strategy, nudging funds toward short term moves. Some adopt closed end structures or redemption fees, while interval funds face slow uptake after SEC signoff.
MENTIONED IN THIS ARTICLE
Ile Mutual
Investment Company Institute
Securities and Exchange Commission
Inflation Edges Up in November on Energy Downturn
Washington AP reported that consumer prices rose 0.2 percent in November, matching expectations after a 0.4 percent rise in October and no change in September. Energy costs fell due to over 15 percent drop in crude oil, a trend analysts expect to keep inflation restrained in coming months. Through the first 11 months, CPI rose 2.8 percent annually, slightly below last year's 2.9 percent pace.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Stocks of Local Interest Marae Access Market Note
For the latest stock quotes look for the complete market wrapup in Saturday s Journal World.
MENTIONED IN THIS ARTICLE
Marae McCess
Journal-World
Midland Elevator Wheat and Soybeans Prices Lead Market Snapshot
As of this morning Midland Elevator Lawrence lists Wheat at 3.76, corn 2.88, milo 4.72, and soybeans 6.68 per bushel. Omaha livestock quotations show hogs and cattle activity with mixed to steady bids and 76,900 head overall across markets, while Dodge City reports slow trade and steady to firm prices for slaughter cattle and calves.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha Livestock
Omaha, Nes
USODA
Omaha
U.S
Dodge City
Kansas
Lawrence developer fronts bid to buy White Lakes Mall Topeka
Main Street Investors L.L.C. led by Bob Moore of Lawrence signed a contract to buy the 500,000 square foot White Lakes Mall in Topeka. The deal hinges on Topeka tax abatements or incentives and securing a large tenant. Frank Sabatini of Capital City Bank is credited with bringing the opportunity to Moore. Wal-Mart plans a second Topeka store nearby, while Moore’s Advance Inc. colleague Warren Sullivan declined comment. Sutherland Lumber remains the mall’s largest tenant amid high vacancy since 1988.
MENTIONED IN THIS ARTICLE
Lawrence
White Lakes
Topeka
Main Street
L.L.C
Bob Moore
Nomic
Sutherland Lumber
Westridge Mall
Hypermart
Moore
Lawrence Teal Estate
DeSoto
McDonald Dr
All-Star Dairy
Delaware Supreme Court Upholds Fallout of Paramount Bid
Delaware's high court upheld stripping Paramount Communications of key anti takeover defenses enabling QVC Network to press a $10.2 billion cash and stock bid. Viacom's $9.4 billion offer remains, with analysts seeing a likely increase and potential third bidder amid pressure on Paramount directors over their handling of the QVC offer and poison pill defense.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Delaware
Paramount Communications Inc
QVC Network Inc
QVC
Paramount
Viacom Inc
Viacom
Sumner Redstone
Delaware Supreme Court
MTV
Showtime
Holiday sales hold steady as retailers report uneven demand
Several large retailers say holiday sales meet or exceed expectations with no widespread panic about prices. The market shows mixed trends from November, with some chains surging and others gaining modestly. Borden Inc. announces a leadership shakeup with the chairman resigning and replacements named from outside the company.
Energy policy favors gas in Clinton oil and gas plan
The Clinton administration champions natural gas as the preferred fuel and seeks to expand pipelines and remove marketing barriers to aid the industry. The long awaited oil and gas initiative aims to shift the U S energy policy away from oil, especially imports that total about half of domestic petroleum use.
MENTIONED IN THIS ARTICLE
Clinton
United States
Health Group accuses Lilly of hiding hepatitis drug risks
Public Citizen's Health Research Group charged Eli Lilly and Co. with concealing a problem with an experimental hepatitis drug after five patients died in an NIH trial. The group said Lilly should have notified the FDA earlier about a healthy volunteer in a separate trial showing liver toxicity after two doses.
MENTIONED IN THIS ARTICLE
Grou
Eli Lilly and Co
National Institutes of Health
Public Citizen’s Health Research Group
Food and Drug Administration
U S Safety to shut down Ottawa plant
U S Safety will close its Parmelee Industries Ottawa plant effective February 11 1994 and consolidate production with the Windsor plant. About 135 workers face transfer options to Lenexa HQ or Windsor. The move follows reduced government contracts and a product line restructuring.
MENTIONED IN THIS ARTICLE
U.S
Ottawa
U.S. Safety
Parmelee Industries Inc
Windsor, Co
Lenexa
Windsor
Alan Sankpill
Missouri
Lenexa Laboratory
Also Mentioned on This Page
Consumer Price Index
U.S. Dept. of la
Allied Sig
O'Reilly Auto Applebee’s
JC Penney
Buckle Inc
Unc
Pepsico
CommBancsh
Quaker
Dayton-Hud Veacree
FMC Fleming
Sallie Mae
Santa Fe
Fourth Fin
Seafield
Goodyear
Sealright
Hercules
Sears
HORL
Sthwest Bell
Kmart
TRW
Fin
Woolworth Seceerey
Natl Pizza Vhnereeeene
Courtesy
Edward D. Jones & Co
St. Joseph
St. Joseph, Mo
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Borden
Borden Inc
Anthony S. D’amato
Frank J. Tasco
Marsh & McLennan Cos. Inc
D’amato
Ervin R. Shames
Stride Rite Corp
Douglas County Bank
Recreation
StockQuote Hotline
Comedy Corner
Video Scene
Aquarius
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