Annual asset review guides personal balance sheet
An annual asset-allocation checkup helps keep finances on track. Start with cash, bonds, and stocks to compare against balanced standards and adjust based on age and circumstances. Even small portfolios benefit from conscious allocation rather than neglect.
MENTIONED IN THIS ARTICLE
Scudder Investor Services Inc
American Association of Retired Persons
U.S
Treasury
Wall
Rao Chalasani
Kemper Securities Inc
Chicago
Chalasani
Midland Elevator Prices and Western Livestock Quotes
As of this morning Midland Elevator in Lawrence lists Wheat at 3.87, corn 2.92, milo 4.80, soybeans 6.70. Omaha quotations show Tuesday bids for hogs and cattle, with barrows, gilts and sows varying by weight, and cattle steers and heifers at solid activity with price ranges.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha
Neb
USDA
U.S
St. Joseph Livestock
St. Joseph, Mo
Inflation numbers inflated experts say
Washington researchers at the Bureau of Labor Statistics contend the Consumer Price Index overstates inflation by up to six tenths of a percentage point. They estimate a 12 month rise of 2.1 percent, not 2.7 percent, highlighting that discount shopping and cheaper food may cushion living standards for those tied to the index such as Social Security recipients. The findings echo a decade long view that official gauges tend to overstate inflation.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Labor Statistics
Paul A. Armknecht
Investors flood stock market as Dow hits fourth straight high
New York stocks rise on improving economy and low rates. The Dow Jones average closes at 3,865.51, up 44.74, marking a fourth consecutive record close. Volume tops 319 million shares on the NYSE as pension funds shift new funds early in the year. Analysts note continued strength in cyclical stocks amid favorable conditions. Michael Metz of Oppenheimer & Co. calls the current environment the best of all possible worlds.
MENTIONED IN THIS ARTICLE
New York
Dow
New York Stock Exchange
Michael Metz
Oppenheimer & Co
Wall Street Extends Bull Run As Jobs Data Dims Rate Hike Fears
Analysts cite December employment data showing 183000 nonfarm payroll growth as easing inflation fears. The report boosts optimism for a strong bond market rally and a sustained growth pace while fund inflows remain plentiful. Despite gains, experts warn market overvaluation and risk from trend followers and managers deploying recent inflows.
MENTIONED IN THIS ARTICLE
Federal Reserve
Coleman Co. to Acquire Coleman Spas Inc in 8.4 Million Deal
Loses the Coleman Co. of Wichita announced the acquisition of Coleman Spas Inc. in an about 8.4 million transaction. Coleman Spas will see no changes to operations or management. Gillette Co. will realign units, cutting about 2000 jobs over two years, mainly abroad, while maintaining 34,000 employees through 1994.
MENTIONED IN THIS ARTICLE
Coleman Co
Wichita
Coleman Spas Inc
Spas
Meridian Sports Inc
MacAndrews & Forbes Holdings Inc
Coleman Spas
Gillette Co
Oracle Wins Key Deal For Bell Atlantic On Demand Services
Oracle Corp. secured a major contract to supply multimedia software and storage systems for Bell Atlantic’s on demand movie, shopping, and home services plan. The disclosed deal pairs Oracle’s database strength with Bell Atlantic, amid its high profile megamerger talks with Tele-Communications Inc. Mexico reports 1993 consumer prices up 8.01 percent, the smallest rise in 21 years per the central bank.
MENTIONED IN THIS ARTICLE
Oracle Corp
Bell Atlantic Corp
Tele-Communications Inc
Mexico
Closings to Leave Retail Vacancies in Lawrence
Woolworths plans to close its Lawrence store at 913 Mass leaving a large vacancy with three years left on the lease. Owner Jack Gaumnitz says subleasing must be approved and that the company’s priority is converting other stores. Nearby, Hunters Ltd. at 919 Mass will close by March as inquiries roll in from prospective tenants amid price competition for small shops.
MENTIONED IN THIS ARTICLE
Woolworth’s
Lawrence
Jack Gaumnitz
Jell Corp
913
Mass
Woolworth
Gaumanitz
Jim Schultz
Hunters Ltd
Schultz
Treasury bill rates fall to multimonth lows
The Treasury sold 12.8 billion dollars of three month bills at an average discount rate of 3.02 percent, down from 3.10 percent, and 12.6 billion dollars of six month bills at 3.18 percent, down from 3.29 percent. The Fed reported one year T bills averaged 3.63 percent, up from 3.61 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
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