Money fund safety questioned after recent losses
A close look at money market funds shows most keep a $1 share value but some funds faced losses from risky securities last month. Bailouts by sponsors preserved principal, while derivatives and high redemptions raised concern. Despite riskier bets in taxable funds, most money funds remain safe with average yields around 3.7 percent versus 2.4 percent for bank accounts.
MENTIONED IN THIS ARTICLE
Money Fund
Zweig
BankAmerica
Pacific Horizon
Shirley Norton
Treasury
Small Business Administration
Consumer prices rise modestly in June led by energy
Consumer prices advanced 0.3 percent in June as energy costs rose with gasoline lifting inflation. May rose 0.2 percent while June earnings fell 1 percent from May, with hours worked and wages down. Yearly inflation remains subdued at about 2.5 percent.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
Local Stocks and Market Update Promotion
Stock quotes line invites readers to dial a number for local quotes and market update. It promotes a complete market wrapup in Saturday Journal-World, noting the two numbers 865 5000 and 9100 6730 as contact signals.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator and Market Quotes Industry Prices
Market roundups show Midland Elevator listing Wheat 3.28, Corn 2.21, Milo 3.57, Soybeans 6.05. Omaha quotes include hogs 42.50 to 43.00, sows 28 to 30, and cattle bids. Kansas feedlot sales report 6,300 slaughter steers and 5,700 heifers Tuesday with week to date 73,200 head. Spot metal prices cited for platinum and copper with New York futures notes. rates via Commerce Bank of Kansas City today.
MENTIONED IN THIS ARTICLE
Midland
Omaha, Nes
Uspa
Omaha
U.S
Dodge City Livestock Dopce Crry
Kansas
Firm changes name PittspurG to NPC International Inc
AP reports National Pizza Co a leading Pizza Hut franchisee has changed its name to NPC International Inc. Its Class A and Class B common stock now trade on NASDAQ under NPCIA and NPCIB. NPC operates 347 Pizza Hut restaurants in 13 states 203 Skipper's seafood restaurants and 165 Tony Roma's restaurants.
MENTIONED IN THIS ARTICLE
Pittspurg
National Pizza Co
Pizza Hut
NPC International Inc
NPCIA
NPCIB
NPC
Skipper’s Seafood
Tony Roma
Commerce Bancshares reports record six month profits
Commerce Bancshares Inc owner of Commerce Bank of Lawrence posted record earnings for the first half of 1994, earning 46.6 million dollars or 1.45 per share. ROA stood at 1.19 percent, with Q2 profits at 24.6 million dollars and 0.76 per share, up from 1993 levels.
MENTIONED IN THIS ARTICLE
Commerce Bancshares Inc
Commerce Bank of
Lawrence
Commerce
Comcast bids to derail CBS QVC merger with 2.2 billion offer
Comcast Corp. threatens to block the CBS QVC merger by launching a rival bid worth 2.2 billion dollars in cash and stock for QVC. CBS and QVC boards planned to vote today on the deal, which would install veteran TV executive Barry Diller as CBS head. Credit data show consumer credit rising 15.1 percent annual rate in May, with strong gains in credit card borrowing to 308.4 billion. Sallie Mae reports Q2 net income of 109 million dollars, EPS 1.30, aided by a Lawrence processing center. A House Banking subcommittee held hearings on tighter derivatives oversight, aiming to regulate the 12 trillion dollar market without taking action.
MENTIONED IN THIS ARTICLE
Comcast Corp
CBS Inc
QVC Inc
CBS
QVC
Barry Diller
Comcast
Federal Reserve
Sallie Mae
House Banking
Union Walkout Hits Bridgestone Firestone Plants
About 4,200 United Rubber Workers members in Illinois Iowa Oklahoma Indiana and Ohio began a strike at Bridgestone Firestone after failing to reach a contract with the Japanese owned tire maker. Talks ended Sunday with no talks planned.
MENTIONED IN THIS ARTICLE
Bridgestone- Firestone
Illinois
Iowa
Oklahoma
Indiana
Ohio
United Rubber Workers Union
Curt Brown
The End opens downtown music store in Lawrence
A new music retailer named The End will open mid August at 1000 Mass in the Berkeley Square area. It plans 125 listening stations for full CD plays and a Back Stage coffee bar supplied by La Prima Tazza. The store targets college students, offers rock along with jazz and classical, and will employ about 20 people with a August 15 opening.
MENTIONED IN THIS ARTICLE
Lawrence
Mass
Brad Garlinghouse
Garlinghouse
World of Music
Germany
la Prima Tazza
10Th Street
Berkeley Square
10Th and
Southwestern Bell Telephone Co
Kansas University
Troy Benson
Pat O'Farrell
Also Mentioned on This Page
Jane Bryant Quinn
Nsani
Allied Sig Office Depot
Applebee
O'Reilly Auto
Payless Cash
Buckle Inc
JC Penney
Casey's
Pepsico
CommBancsh
Fleming
FMC Asses
Santa Fe
Sealright
Sears
Omaha Livestock
New York
N.Y
London
Comex
Handy & Harman
Kansas City
N.A
Commerce Bank
Canada
France
Great Britain
Italy
Japan
Mexico
Switzerland
U S
Consumer Price Index
U.S. Dept. of Labor
Firestone
Douglas County Bank
New
Lawrence Info
Park & Rec
City Commission Ag
Vacan Water
Sanital Water Service
Douglas Cou
Humane Society
Gener
Board of Education
Journal-World Headlines
StockQuote Hotline
What
Tonight
Aquarius
Aries Taurus Gemini
Leo
All My Children
Beverly Hills
Bold & Beautiful
General Hospital
Guiding Light
Santa Barbara
Trivia
Adventure Arcade Entertainment
AMEX
AW Whel Journal-World
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