Home equity loans lure with low rates and tax breaks
The article surveys home equity lines of credit and credit cards tied to home equity, noting low interest and tax-deductible aspects up to 100000, but warns of high risk if jobs are lost or house value falls. Banks promote equity loan accounts and card access via checks and ATMs, with mixed regulatory stances across states.
MENTIONED IN THIS ARTICLE
Bank of Atlanta
Bank One
Columbus
Ohio
Consumer Bankers Assn
National City Bank
Steve Ginter
Ginter
National Bank of Commerce
Memphis
Tenn
John Hanson
First Utah Bank
Salt Lake City
New York
Massachusetts
Texas
Consumer confidence hits highest since 1990 in January
The Conference Board reports January consumer sentiment rose for the third month in a row to 83.2, the strongest since September 1990, signaling momentum toward a 1994 first quarter recovery.
MENTIONED IN THIS ARTICLE
New York
Fabian Linden
Conference Board
Lab wins grant for RXD project in Kansas
Bioanalytical Systems Inc. BASK Lawrence receives a 34970 grant from Kansas Technology Enterprise Corp. KTEC plus 63884 in external funding funds final phase of RXD microdialysis probe development led by KU chemistry professor Craig Lunte. EU researchers assist. KU Higuchi Center aids. project aims for mass production and global drug research use.
MENTIONED IN THIS ARTICLE
Lawrence Pharmacology Laboratory
Kansas Technology Enterprise Corp
Bioanalytical Systems Inc. of Kansas
BASK
KTEC
BASE
Craig Lunte
Kansas University
Center For Bioanalytical Research
Higuchi Biosciences Center
McCollum Laboratories
Union silence kills Food Barn pay plan
Kansas City officials report Food Barn Stores Inc will not pursue a new wage and benefits package after union leaders did not endorse it. CEO Larry Hodges said the concessionary proposal will not be brought to the board, following the UFCW Local 576 bargaining committee's decision against recommending approval. The move comes as Food Barn faces bankruptcy and a Monday deadline to sell its 41 stores to Associated Wholesale Grocers Inc, which would auction stores to members. The retailer, with about 2,500 employees, has sought to cut wages and benefits for 2,300 hourly workers to emerge from bankruptcy. One closed store at 23rd and Iown closed in October 1992 as part of streamlining.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Food Barn Stores Inc
Larry Hodges
United Food & Commercial Workers Local 576
Frank DeRiso
Food Barn
Associated Wholesale Grocers Inc
Iown
UtiliCorp profits rebound in 1993 results
UtiliCorp United reported 1993 preliminary net income of 86.4 million, up from 52.9 million in 1992, with primary earnings per share of 1.95 versus 1.32. The 1992 results included 11.3 million in charges tied to a subsidiary misappropriation. For Q4 1993, net income reached 33.3 million, up from 25.6 million in 1992. The firm provides gas and electric service in eight states plus British Columbia and New Zealand and owns Kansas Public Service, the Lawrence natural gas utility.
MENTIONED IN THIS ARTICLE
Kansas City
UtiliCorp United
UtiliCorp
British Columbia
New Zealand
Kansas Public Service
Lawrence
Market Wrapup Preview in Saturday Journal World
Local readers are reminded to check Saturday's Journal-World for the full market wrapup. The notice states a comprehensive report on prices trends and market movements will appear in the weekend edition.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator Lawrence Wheat and soybeans quoted markets
Local morning quotes put Midland Elevator Lawrence at 3.64 for wheat 2.90 for corn 4.74 for milo and 6.84 for soybeans. Omaha market reports show hogs up to 1.00 higher with 1000 head, cattle and calves light, sheep absent. Kansas City area feedlot sales slow with steers and heifers down about 50 cents, demand light, sales totals around 9,000 slaughter steers and 2,200 heifers.
MENTIONED IN THIS ARTICLE
Midland
Lawrence
Omaha Livestock Omaha
Neg
Usda
Omaha
U.S
St. Josep
Dopur Cay
Kansas
IBM Reports First Quarterly Profit in Restructuring Era
IBM earned $382 million in the final quarter of 1993, or 62 cents a share, as deep spending cuts and 89,000 job eliminations over two years helped end the company’s worst year. Restructuring costs produced an about $8 billion loss for 1993.
MENTIONED IN THIS ARTICLE
IBM
International Business Machines Corp
Recycling symbol may be scrapped amid consumer confusion
A plastics industry panel plans to recommend removing the chasing arrows recycling logo from most plastic containers to prevent consumer confusion. Arby’s will ban smoking in its 257 restaurants and push 1,991 franchisees to follow. Dairy Queen and its brands urge over 6,000 franchise holders worldwide to ban smoking.
MENTIONED IN THIS ARTICLE
Arby’s Inc
International Dairy Queen Inc
Dairy Queen
Orange Julius
Karmel Korn
Poland tops IFC list of best performing markets in 1993
Investors found the best gains in developing nations in 1993 as Poland’s three-year market surged 717 percent to lead the International Finance Corp. World Bank ranking. Turkey followed with 211 percent, then the Philippines at 152 percent and Indonesia at 112 percent.
MENTIONED IN THIS ARTICLE
United States
Europe
Japan
Poland
International Finance Corp
World Bank
IFC
Turkey
Philippines
Indonesia
Also Mentioned on This Page
Jane Bryant Quinn
Kathleen Stephanson
Denis
Linden
California
Kathleen Stephansen
Donaldson, Lufkin & Jenrette Securities Corp
The
Lab
Union Silence
DIAL
Office Depot
Allied Sig
O'Reilly Auto
Applebee's
Payless Cash
Block
JC Penney
Buckle Inc
Pepsico
Quaker
Dayton-Hud
Fleming
Sallie Mae
FMC
Santa Fe
Seafield
Goodyear
Sealright
Hercules
Sears Hors
Sthwest Be
Kmart
TRW A
Kroger
Trinova
Lone Star Sticks
Mayoy
Wal-Mart
Mercantile
Western Res
Merck
Williams
Woolworth
Edward D. Jones & Co
St. Joseph Livestock
Dodge City Livestock
Commerce Bank of
N.A
Commerce Bank
Journal-Worlp
Arby
Aly Ray
A.G. Edwards
G Edwards
AG Edwards Investments
Marla P. Shapiro
IAG
Wre
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