GAO cites looming bailout risk for pension guarantees
The GAO warns the Pension Benefit Guarantee Corp faces underfunding totaling about 51 billion dollars, with 12 billion tied to financially troubled firms in steel, tire, and airline sectors. The agency warns a severe downturn could strain payments while deficits could reach 17.9 billion by 2001, prompting possible Treasury cash or higher premiums.
MENTIONED IN THIS ARTICLE
Washington
Congressional Auditors
Pension Benefit Guarantee Corp
General Accounting Office
Joseph F. Delfico
GAO
Income Security Office
Delfico
Congress
Treasury
Olathe Puritan Bennett to finance 84 acre campus
OLATHE Puritan Bennett Corp a respiration products maker will finance phase one of its 84 acre corporate campus with 30 million in industrial revenue bonds approved by the City Council 4 to 2 The project is the first in Cedar Creek Corporate Park to be developed by Cedar Creek Properties Inc and John Deere Co near Kansas Highway 10 and Cedar Creek Parkway. New York Frank Lorenzo plans airline return with hub in Baltimore or Dulles and a DC-9 aircraft stash while noting a released non compete and Savoy Capital. Bank money market yields ease slightly in weekly survey with a 2.64 percent money market account and 2.99 percent six month CD.
MENTIONED IN THIS ARTICLE
Olathe
Puritan- Bennett Corp
Cedar Creek
Cedar Creek Properties Inc
John Deere & Co
Kansas Highway 10
Cedar Creek Parkway
Overland Park
New York
Frank Lorenzo
Continental
Eastern Airlines
Lorenzo
Baltimore
Dulles International
Washington
New York Times
Delta
the Times
Houston
Savoy Capital Inc
Bank Rate Monitor
Stocks of Local Interest and Market Summary
Local notes show Midland Elevator prices for Wheat 3.64, corn 2.01, millet 3.35, soybeans 5.45. Omaha Livestock Market reports hogs mostly lower, cattle inadequate to test, sheep none. New York stocks rise on stronger economy signals, Dow up 35.66 to 3364.33 at noon. Chrysler offering boosts activity.
MENTIONED IN THIS ARTICLE
New York
Wat
NYSE
IBM
LesiFay Au
Alnier
At&t
McDonid
Merck
Ye Amoco
DelhSil al NovaCr
Boeing
Ys ParCom
Abyeb
Ag Se
Penney
Ain Alen Am GuriNth Pfizer
CIGNA
Reebok
Cendor's
Va Chase
ReyMil
Ava
Wisk Ta Saloma Ib
Wa Saraleas
Conrail
Singer
SmiBc
Syntex
Disney
Exxon
Uskuss
Ford
Ashe Mo
WalMart
Midland
Lawrence
Omaha
Neb
USDA
U.S
Wall Street
Chrysler
American Stock Exchange
Trade pact to boost output study says mixed impact
The International Trade Commission finds NAFTA would raise overall U S economic output and employment slightly while causing job losses in auto, appliance and apparel manufacturing. The report supports administration claims and questions labor union criticisms, and notes Congress could approve the deal after side agreements on workers, environment, and surges without renegotiating the core text.
MENTIONED IN THIS ARTICLE
Washington
U.S
International Trade Commission
Congress
Capitol Hill
White House
Utilities report stockpiles of coal as strike continues
Charleston West Virginia AP reports a strike against Peabody Holding Co idled mines across Appalachia and the Midwest for a second day. Analysts say many power plants have coal stockpiles lasting months. The UMW claims 7,500 miners in five states walked out. Peabody counters 5,000 in four states with 22 mines shut in WV, KY, IN, IL. The dispute started after talks with Bituminous Coal Operators Assn over a contract for 50,000+ miners and 150,000 retirees.
MENTIONED IN THIS ARTICLE
Charleston
W.vi
Appalachia
Midwest
Peabody Holding Co
United Mine Workers
Peabody Holding
Pennsylvania
West Virginia
Kentucky
Indiana
Ilinois
Assn
Also Mentioned on This Page
Olathe Firm
Warren-Meelwain
DER
Power
Omaha Livestock
Commerce Department
Sanaaeeee
Allied Sigaeane
Fleming
Fourth Financial
Hercules
Vee
HORL
Kmart
Kroger
Ti Merc
Natl Pace
Unc Te Jcpenney
Quaker
Western Financial
Western Resources
William S. Oo
Woolworth
Senenes
Edward D. Jones Co
Quaiabie
N.Y. Times News Service
Senate Finance
House
Ways and Means
Lakes States
Canada
Mexco
Clinton
Peabody
UMW
Richard Trumka
Resource Data International Inc
Boulder
Colo
Journal- World
Journal-World Office
Gabe Gabriel
Laird Noller Motors
Gabe
Laird Noller
Lincoln
Mercury
MAZDA
23Rd
Alabama
Keeles Whirlpool Bath
Shannon Plaza
CALL
Vert
Ien
Ent
Michael Roark
Cpa
W&r
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