Mutual fund prosperity draws SEC scrutiny
Mutual funds, now owned by about a quarter of U.S. households, face intensified SEC and press scrutiny after rapid growth and notable cases. Invesco fired star manager John Kaweske for undisclosed personal investments. Fidelity fund managers face probes. Regulators note rare misconduct but urge review of guidelines and potential new mutual fund legislation.
MENTIONED IN THIS ARTICLE
U.S
Invesco Fund Group
John Kaweske
Kaneske
Invesco
Securities and Exchange Commission
Fidelity Investments
Patricia Ostrander
Fidelity Investments Fund
Michael Milken
Drexel
Washington Post
Fidelity Funds
Edward J Markey
D-Mass
SEC
Arthur Levitt Jr
Doug Scheidt
Scheidt
Michael Lipper
Lipper Analytical Securities Corp
Markey
House
Subcommittee On Telecommunications and Finance
Clarkey
Singles Drive 1993 First Time Home Purchases Rise
Chicago Title and Trust Co reports single people accounted for 32.3 percent of first time home buyers in 1993, the highest share in the eight year survey. Lower down payments and record low rates spurred activity as nationwide condo and single family sales hit 5.1 million, with ARMs increasing.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Chicago Tithe and Trust Co
John Pfister
Robert Dederick
Northern Trust Co
New Look at Home Ownership Shifts for Singles
A Chicago survey shows more never-married people buying homes as low interest rates shrink monthly payments and down payments drop. First time buyers are 46 percent of purchases, down from 47.7, while average home price rose to 172700 and ARMs rose to 22.2 percent of loans.
MENTIONED IN THIS ARTICLE
Chicago Title
Local stock quotes teased for Saturday Journal-World
A note promising the latest market wrapup in Saturday's Journal-World highlights stocks of local interest and advises readers to watch for full quotes and coverage.
MENTIONED IN THIS ARTICLE
Journal-World
Lawrence Realtors name officers and top sellers
The Lawrence Board of Realtors named Russ Lang of McGrew Real Estate Realtor of the Year and president at the annual meeting. Marilyn Bittenbender of Stephens Real Estate was named Salesperson of the Year. Other officers installed included Kay Wertzberger, Karen Smith, Doug Stephens, and Barbara Hodgson. Terry Gittins ended his term as president as six Realtors joined the 1993 Honor Society. Longevity certificates were awarded to 30 year veteran Larry Midgett and 25 year honorees Esther Corbett and Terry Platz, with several 20 year certificates awarded. The group announced a record 62 annual sales production awards, with Mike Bogard in the Five Million Dollar Club and Mike Edmondson in the Four Million Dollar Club. numerous members reached 3, 2, and 1 million in sales.
MENTIONED IN THIS ARTICLE
Lawrence Board of Realtors
Russ Lang
McGrew Real Estate
Lang
Realtors
Marilyn Bittenbender
Stephens Real Estate
Kay Wertzberger
Karen Smith
Doug Stephens
Barbara Hodgson
Doug Brown
Sherill Bushell
Terry Gittins
Dennis Grover
Bev Hill
Mike McGrew
Mary Richesson
Cheri Stultz-Drake
Larry Midgett
Esther Corbett
Terry Platz
Debbie Tolar
Leta White
Bittenbender
Union calls off strike at GM plant in Surevepore Louisiana
Picket lines around a General Motors pickup truck assembly plant in Surevepore Louisiana came down after a tentative contract agreement with 2300 striking workers. A vote on ratification was set for Monday afternoon as negotiations concluded after 40 hours. If approved workers could return Tuesday. This is GM’s first UAW local strike since the national deal in October.
MENTIONED IN THIS ARTICLE
Surevepore
General Motors Corp
Warren Danford
United Auto Workers Local 2166
Danford
Linda J. Cook
UAW
Shreveport
Shopping center signs new tenants at southwest Plaza
The southwest Plaza Shopping Center at 23rd and Iowa plans to fill all vacancies this month. Cohen-Estey Real Estate Services in Topeka reports two in‑progress deals for the 32,000‑square‑foot anchor space, previously B&L Apple Market and then Food Barn, now owned by the Missouri State Employees Retirement System. HobbyTown USA signs for 2,500 square feet, set to open by April 1, while a lease talks continue for a 5000‑plus square foot unit including the former Hatch Book Store and Stereo Lane space.
MENTIONED IN THIS ARTICLE
Southwest Plaza
23Rd
Iowa
Ken Schmanke
Cohen-Estey Real Estate Services
Topeka
B&l
Food Barn
Schmanke
Missouri State Employees
Ment System
BNL
Safeway Food
HobbyTown USA
Sally Beauty Supply
Tower Plaza
South
HobbyTown
Hatch’s Book
Also Mentioned on This Page
Evalina Tanner
Prime Economic Consulting
In Jones
Bnga
Allied Sig
O'Reilly Auto
Applebee
JC Penney
Seafield
Goodyear
Sealright
Hercules
Sears
Sthwest Bell
Kinart
Sea Kroger
Trinova
Lone Star Sticks
UtlCorp
Wal-Mart
Mercantile
Western Res
Merck
Williams
Vai
Woolworth Js
Natl Pizza
Edward D. Jones & Co
Bia Et Or
Investor Index
Porolas
Ps Mays
NYSE
ASE
OTG Equity
Inde
Hrik An It
Cds Money
GU Dey
Ameneans
Omaha
Omia Nei Gtr Ltd
Eider
Trerbers
Aiesthy
Canada
France
Germany
Great Britain
Japan
Mexico
Nates
Earth
Lawrence Realtors
Patrick J. Flavin
M. Andrew Galyardt
Edgar Grosdidier
Charles Gruber
Kelvin Fleck
Sandy Hinton-Forbes
Mary Lou Roberts
Sallye Sykes
Jeff Arensberg
Mark Bertrand
Douglas W
Treasury
Ina
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