New Year economic forecasts for 1994 beget cautious optimism
A roundup of 1994 predictions spans the Dow reaching 3850 high and 3150 low, mortgage rates at 8 percent, and 2.75 percent growth. It foresees Crandall's resignation, stalled home sales, strong IPO skepticism, TWA turnaround hopes, layoffs in aerospace, and new health reform debates. It also notes mutual fund redemptions, Buffett bio hype, and volatile oil, currency, and global markets amid general call for tempered forecasts.
MENTIONED IN THIS ARTICLE
Dana Carvey
Jay Leno
IBM
John Akers
American Airlines
Robert Crandall
TWA
Congress
Clinton
Paramount
NAFTA
GATT
Warren Buffett
Donald Trump
Consumers drive economy as 1994 outlook looks bright
Analysts say upbeat consumer mood supports growth with spending rising about 4 percent annually in the past two quarters and home buying up around 15 percent. Despite layoffs and higher taxes, households fueled the recent expansion, with CEOs like Frank R. Anderson Jr and Ruth Owades noting strong last-minute demand and holiday vigor.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
Frank R. Anderson Jr
Sir Walter Chevrolet Co
Merger plan shows retail industry is alive
Federated Department Stores eyes Macy's as growth path through rival ownership. The plan, announced after paying 449.3 million for half Macy's Prudential claim, positions Federated to own Macy and form the nation's largest department store group with 330 stores.
MENTIONED IN THIS ARTICLE
New York
Federated Department Stores Inc
R.H. Macy & Co. Inc
Federated
Thomas J. Tashjian
First Manhattan Co
Prudential Insurance Co. of America
Macy’s
Allen Questrom
Macy
Bloomingdale's
Abraham & Straus
the Bon Marche
Burdines
Goldsmith’s
Jordan Marsh
Lazarus, Rich’s
Stern's
Local Stocks Market Update Dial-In Note
A stock market update directs callers to dial 865 5000 and enter local stocks 9100 for the latest quotes. It mentions a complete market wrapup in Saturday’s Journal World.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator Wheat Soybean Quotes From Tuesday Market
Quotations from Midland Elevator Lawrence and Omaha Livestock Market Tuesday show grain bids for wheat at 3.87, corn 2.97, milo 4.89, soybeans 6.86 with cattle and hog figures from St Joseph and Omaha. Hog prices vary by weight class and day of week with bids around 38 to 41 for different steers and heifers. cattle and calf bids: steers 70.00 to 71.00 for 1000-1250 lb, cows and heifers adjusting slightly. Commerce Bank of Kansas City provides the market figures as of 8 am with a note on interbank rate interpretation.
MENTIONED IN THIS ARTICLE
Midland
Lawrence
Ostia
Neom
Omaha
Commerce Bank of
Dividends surge as December 1993 tops for payouts
The December 1993 dividend increases set a record for the era, marking the strongest month since 1983 as more companies boosted payouts. Arnold Kaufman of S&P Outlook notes the rise reflects current economic gains and expects dividends to stay robust in 1994, while dividend moves lag profits and sustainability.
MENTIONED IN THIS ARTICLE
Standard & Poor
Arnold Kaufman
S&P’s Outlook
Dividend increases reach December peak since 1983
Last month 171 firms announced dividend raises the most for December since 1983 and signaling confidence in profit growth. An S&P 500 investor at year end 1993 would get a 2.84 percent yield, below the 3 percent overvaluation warning but not a payout edge. For 1993 total increases reached 1,635, up 23 percent from 1992 and just under 1989 levels.
Manufacturing sector ends 1993 on robust note
The National Association of Purchasing Management reports December manufacturing activity up 7.9 percent, higher than November’s 5.7 percent. It marks the third straight month of growth and the strongest reading since January 1993, signaling continued expansion in the sector.
MENTIONED IN THIS ARTICLE
National Association of Purchasing Management
Treasury bill rates rise in Monday auction
Treasury securities edged higher with three month bills at 3.10 percent and six month bills at 3.29 percent, the highest levels in over a month. The one year bill yield moved to 3.61 percent, up from 3.60 percent, signaling continued rate pressure for adjustable mortgage indexes.
MENTIONED IN THIS ARTICLE
Treasury Securities
Treasury Department
Federal Reserve
Treasury
Hallmark Earnings Seen Dropping for 1993
Hallmark Cards Inc. told employees 1993 earnings would be down for the third straight year. The Kansas City based firm, with a Lawrence plant and about 1000 local workers, is privately held and does not release earnings. The company said it would cut its profit sharing plan contribution, reported in the Kansas City Star, leaving the stock ownership plan at 6.5 percent of 1993 salary, the lowest in its history.
MENTIONED IN THIS ARTICLE
Hallmark Cards Inc
Hallmark
Lawrence
Kansas City Star
Also Mentioned on This Page
Fed
OPEC
Japan
United States
Russia
U.S
Ruth Owades
San Francisco
Calyx & Corolla
May Department Stores Co
Lord & Taylor
Hecht’s
Filene’s
Foley’s
Matls
J.C. Penney Co. Inc
Sears
Allied Sig
Applebee's
Buckle Inc
CommBancsh
Unc
Jayton-Hud
Fleming Fmc
Fourth Fin
Goodyear
Hercules
Kmart
Kroger
Mercantile
Merck
High Office Depot
O'Reilly Auto
JC Penney
Pepsico
Quaker
Sallie Mae
Santa Fe
Seafield
Sealright
Sthwest Bell
Trwies
Trinova
AuWliCorp
Wal-Mart
Western Res
Williams
Woolworth F A
Edward D, Jones & Co
St. Joseph
St. Joston
Omaha Livestock
Canada
France
Germany
Great Britain
Italy
Mexico
Switzerland
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