Southwestern Bell upgrades Missouri rural service plan
Southwestern Bell begins a 180 million dollar program to upgrade Missouri rural service and boost profits in regulator approved deal including an 82 million dollar annual rate cut and a flexible regulatory system. Kansas sees a 160 million dollar investment over five years for network modernization with 100 locations receiving computerized switching equipment to ease routing. full deployment by end of 1992.
MENTIONED IN THIS ARTICLE
Kansas City
Southwestern Bell Telephone Co
Missouri
Kansas
Southwestern Bell
Stocks of local interest slide as retail data spurs rate fears
Wall Street trading mixed with the Dow down 3.82 to 2615.32 by noon. Decliners lead 7 to 4 as 482 stocks rise, 840 fall, and 500 hold steady on the NYSE amid a 1.6 percent January gain in retail sales driven by auto incentives. IBM gains while GE and Chrysler fall. Gulfstream deal valued at 825 million cited. Regional quotes list grains and hogs with varying prices.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
New York
Wall Street
Commerce Department
IBM
At&t
General Electric
Philip Morris
Chrysler
Gulfstream Aerospace Corp
Gulfstream
Allen E. Paulson
Forstmann, Little &Co
NYSE
American Stock Exchange
Gannett
OH Sa
AVe+ Va AetnLf
GibMn
Va Alcoa
Anhaus
Wi' HewlPk
Allied Signal
Lillys Limited
Hercules
BrMySq
Lyonds
Marriot
Bet Ws Brank
BriRsc
Merck
MMM
Kmart
Va Morgan
Cnilps
Mylan Merck
RY Compaq
Ngerma
Sallie Mae
Va NewsCo
Santa Fe
Conrail
Mia Bat Va Norsks
CrayRs
Norton
DataGn
Pacifco
Wal-Mart
Disney
PepsiCo
Woolworth
Dover
Pfizer
Edward D. Jones
duPonts
Wu Philae
Ra PhilMr S
PhilPet
Exxon
A la SalieMs
Wat
M Textil
Um Ua Ve
Wunion
Toyrus
Banks urged to tighten oversight of real estate loans
Washington AP report says regulators fault banks with growing four loan portfolios for neglecting basic lending standards, weak borrower equity, unreliable appraisals, and poor monitoring of troubled projects. Clarke cites 4200 national banks facing deficiencies and urges immediate corrective action.
MENTIONED IN THIS ARTICLE
Washington
National Bank
Robert L. Clarke
Drexel Burnham weighs Chapter 11 amid liquidity collapse
The Drexel Burnham Lambert Group Inc parent considers Chapter 11 as a severe liquidity shortfall triggers about 100 million dollars in loan defaults. Officials say a board meeting will decide, while the broker and its government securities unit pursue orderly liquidation and seek outside help to calm unsettled, high yield markets.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Drexel Burnham Lambert Inc
Drexel Burnham Lambert Group Inc
Drexel
Drexel Aitd
Government Securities
Michael Milken
Securities and Exchange Commission
Federal Reserve Board
New York Stock Exchange
SEC
Drexel Burnham, Lambert Group Inc
Federal Reserve
Dollar slides against yen as elections loom in Tokyo
The dollar fell to 144.48 yen, down 0.24 from 144.72, in a narrow range after opening at 144.53. Markets closed Monday for a holiday, while the Nikkei shed 181.11 points to 37,107.03 as investors waited five days before Japan's lower house elections.
MENTIONED IN THIS ARTICLE
Tokyo
indendon _ Exchange
Liberal Democratic Party
Also Mentioned on This Page
Safeway
Oakland
Calif
Safeway Stores Inc
Farmers Co-Op
Lawrence
Midland
KC Livestock
Clarke
Lawrence, Kansas
Larry K. McElwain
Philip F. Padden
Owners
Douglas County
Farmers Cooperative By Association
Lawrence Edgerton
20Th
Moodie
Edgerton
Edgerton, Kansas
Ampride
Haskell
Lawrence Lawn and Garden Show
Tain
Columbia Savings
6Th
Vermont
Iowa
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