Forecasts for 1993 Market Range From Wary to Scary
Wall Street analysts voice somber views for 1993 despite near record highs and improving conditions. Forecasters warn of vulnerability to a setback, with cautionary notes on Clinton’s incoming presidency and a postholiday market mood.
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New York
Wall Street
Clinton
Greg Smith
Prudential Rache Securities
Ed Walczak
Ventobel U.S.A
Supreme Court to rule on banks selling insurance rights
The Supreme Court agreed to decide if national banks may continue selling insurance. The case tests a 1916 exception for small towns and a 1986 OCC view allowing banks to export insurance nationwide. The ruling could affect about 100 national banks. The Bush administration and banking industry defend broad authority. insurers seek limits.
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Washington
Supreme Court
Congress
Comptroller of the Currency
Ore
Independent Insurance Agents of America
U.S. Circuit Court of Appeals
District of Columbia
National Bank of Oregon
Bush Administration
Comptroller
Federal Reserve Board
Firms heed call for performance standards reforms
New York report shows major American companies reshaping governance under pressure from legislators regulators the public and investors. Pay linked to performance boards more active executives judged by non financial metrics such as customer and employee satisfaction and on time delivery. Institutional investors grow aggressive while 43 percent of firms report shareholder inquiries.
MENTIONED IN THIS ARTICLE
New York
America
William M. Mercer
Bram Green
Mercer
Midwest and New York markets mixed with grain and stock swings
Midland Elevator reports wheat at 3.60 corn 2.06 soybeans 5.49 while Omaha quotes hogs lower for some cuts and cattle and calves showing firm to higher bids. New York stocks rise modestly as Dow gains 7.30 to 3311.38 amid thin volume after Friday storm.
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John Kennedy
Dwight Eisenhower
Clinton
Kennedy
Midland
Lawrence
Market slides and gains ahead of triple witching hour
Prices opened lower but quickly turned around as analysts warned of a directionless week due to the triple witching hour on Friday. Retailers benefited from an expected consumer spending uptick, with Sears up 43 percent, Wal Mart at 64, and Woolworth at 32. Home Shopping fell 8 percent after weak earnings. Big Board leaders included Pacific Telesis up to 45 after a unit spin off, IBM up to 62, Philip Morris down to 78, Coca Cola up to 40, and Pepsi at 425. The NYSE composite added 0.38 to 239.01 while AMEX declined 0.17 to 393.21.
MENTIONED IN THIS ARTICLE
JohnJns
Va Kmarts
New York
NYSE
Kroger
Lilly
AMD
At&t
Va Mobil
Amoco
Arkla
Morgan
Baat Na
Ava
Boeing
Pepsic
Pfizer
Disney
Sybran
Exxon
Va Usxmar
Unocal
Hanson
Ya Upjohn
Harley S
Mla
WalMart
Va Warn
Sears
Wal Mart
Woolworth
Pacific Telesis
IBM
Philip Morris
Coca Cola
Pepsi
American Stock Exchange
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Robert J. Farrell
Merrill Lynch
Farrell
THE
Portland
John Cunniff
American Express
General Motors
United Technologies
General Dynamics
Our Insurance
Gayland Lilienkamp
23Rd
Louisiana
Farm Bureau Insurance
RFB Insurance CO
Kansas Farm Burea
Omaha Livestock
Omaha, Neb
USDA
Omaha
New York Stock Exchange
the Money Small Investor. Index
Mami Jas
REE Cs
Money Funds
U.S
Bank Rate Monitor
IBC/Donogahue's Money Report
Federal Reserve, Investment Company Institute
Money Magazine
Allied Sig
Rawae
Fleming Sees Eneeeeeenee
FMC A
Fourth Financial Weeneee
Hercules
Hors Beseereerenesenes
Kmart Eee Eee
Kroger Ee
Cee Ee
Merck
Eneresene
Jcpenney
Eaeseeanesas Sallie Mae Een Eeeenn
Santa Fe Re
Seafield Eee Eeee
Searsey
TRW Fen Eenesen Eee Eneae
Trinova Ee
UtiliCorp Wal-Martener Cree
Western Resources
Williams
Woolworth Wee
IBM/ PS
Eyelet Metals
Journal-World
Carroll Atwood
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