American Express reports 34 percent second quarter rise
American Express Co. reports second quarter earnings of 416 million dollars, up 34 percent from a weak year-ago period. The gain is led by the investment advisory unit and reduced credit card losses, with 83 cents per share versus 63 cents last year.
MENTIONED IN THIS ARTICLE
NEW York
American Express Co
American Express’ Investment Advisory
Diversified Financial Services Company
Seattle
Boeing Co
IBM posts $8 billion loss with 50,000 job cuts announced
IBM reports an $8 billion second quarter loss driven by a large restructuring charge including early retirement for 50,000 employees and an expected 35,000 more exits by year end 1994. The board cuts the dividend to 25 cents as revenue falls 15 percent to $15.5 billion.
MENTIONED IN THIS ARTICLE
Chevron Corp
New York
IBM
International Business Machines Corp
Howev
Midland Elevator quotes for grains and cattle markets today
Midland Elevator in Lawrence posts Wheat at 3.14, corn 2.37, milo 3.75, soybeans 6.86 as of this morning. Omaha market reports hogs steady to 25 lower, cattle and calves up to 50, lambs steady, with detailed weights and price ranges across hogs, steers, heifers, and lambs from several markets. New York stocks mixed at midday with the Dow up and declines narrowly ahead of shifts in interest rates.
MENTIONED IN THIS ARTICLE
New York
News Corp. Ltd
Rupert Murdoch
News Corp
Star Television Group
Asia
Murdoch
China
Midland Elevator
Lawrence
Omaha
Neb
USDA
U.S
Wall Street
New York Stock Exchange
Rates Rise on Short-Term T-Bills in Monday Auctions
Washington AP The Treasury sold 12.3 billion in three month bills at 3.10 percent discount, up from 3.05 percent, and 12.3 billion in six month bills at 3.24 percent, up from 3.15 percent. The three month rate matched highs last seen June 21, while the six month rate topped June 7. The actual returns to investors run 3.17 percent for the three month bill and 3.34 percent for the six month bill. The Fed reported one year bill yields rose to 3.53 percent from 3.41 percent.
MENTIONED IN THIS ARTICLE
IBM Pft
New York
NYSE
AMR
Gata Kmart
AbtLab
Kcsou
Ke Wits
McDerl
At&t
Gaye
Anhaus
Nipsco
Rvs AutSec
BellAll
Aosa
PNC
Bethsil
Pacge
Disney
Tenney
Exxon
Unifi S
Washington
Treasury
Treasury Department
Federal Reserve
Wages rise 3.6 percent for U S workers in year to June
The Labor Department says American workers saw total compensation climb 3.6 percent in the year ending June 30, matching the prior year. Wages and salaries rose 2.8 percent while benefits gained 5.5 percent, with costs rising faster in goods producing and union roles.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Consumer Confidence Slips for Third Straight Month
The Conference Board reports July consumer sentiment at 57.7, down from 58.6 in June and 61.9 in May, with an overall 19 point drop from year's start. The survey of 5,000 households notes slight optimism about current conditions but gloom about near term job availability. Buyers cut back on spending. 27 percent fear fewer jobs ahead, up from 23 percent in June.
MENTIONED IN THIS ARTICLE
New York
Conference Board
Business Research Group
Also Mentioned on This Page
American Express
Boeing
Chevron
NationsBank
Washington Nations Bank Corp
Federal Reserve Board
Charlotte
N.C
Louis V. Gerstner Jr
United States
Omaha Livestock
Dodge City Livestock
Dodge City
Kansas
American Stock Exchange
Allied Sig
Flemin
Financial
Hercules
HORL
Kmar
1844
Krog
Mercantil
Merck
Metropolitan Nail Pizza
JC Penne
ADA Quaker
Sallie Mat
Santa F
IBY Seafield
Sears
Edward D. Jones & Co
Mitsubishi Bank
Larry Swinson
Piper Jaffray Investment
Eldridge Hotel
7Th & Mass
Piper Jaffray
Ana
Massachusetts St
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