Mixed signals on economy as data show slowing growth
Analysts say the latest data reveal a cooling economy with weaker consumer confidence, softer store sales, and lower personal income while job creation slowed. Unemployment fell to 6.0 percent in May, possibly an aberration, as labor data show fewer hires. Rates may rise further as the Fed tightens to curb inflation, with some forecasters warning higher rates could curb growth months ahead.
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Tools of Local Interest in Market Update
Local stock and market update notes appear in a brief wire-like notice. It mentions Ear tele presentoamy ER att et B55 Gh GeleDeD and a DIAL 865-5000 reference, with a placeholder LOCAL STOCKS listing 9100 and MARKET UPDATE 6730. Journal-World MONEY magazine is noted for a complete wrapup in Saturday edition.
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Journal-World
Market quotations from Midland Elevator and Ontario Livestock
Morning market report lists Wheat at 3.20 and Corn 2.69 with soybeans at 56.75. Livestock quotes include hogs 1-3 220-260 lb 42.00-43.25, cattle steers and heifers down 1.50-2.00, slaughter lambs up 2.00, and various prices for ewes, lambs, and bulls. Nonferrous metals and precious metals prices provided with spot quotes and bank rates as of 8 a.m. Friday.
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U S pushes investors back to South Africa post apartheid
At a Atlanta conference Vice President Al Gore urged private investment to rebuild South Africa as Mandela era democracy deepens. Attendees included 400 leaders from business government and nonprofit sectors with nearly 100 South Africans. Talks highlighted new aid from Clinton and corporate moves by AT&T Coca Cola and IBM to reengage in South Africa.
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Douglas County sales tax collections fall in March
Douglas County March receipts from the state 4.9 percent sales tax totaled about $2.42 million, down 18.03 percent from March 1993's $2.95 million. Year to date July through March shows a 13.45 percent rise versus last year, with $23.85 million this year against $21.02 million in 1993.
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Douglas County
Kansas
Sprint and EDS drop merger talks in major shift
Sprint Corp and Electronic Data Systems say they will not pursue a merger but will discuss other strategic relationships. Talks ended over financial terms, with Sprint seeking 1.3 new shares per Sprint share versus EDS proposing 1.1. The Wall Street Journal reported the suspension and the share exchange dispute.
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