Market watch bears lingering as analysts weigh direction
Market observers debate whether a bear market is underway as early 1994 losses faded. While indices sit near year start levels after a spring rebound, experts warn against declaring safety. Several say bear markets begin softly, with persistent weakness beyond brief rallies, and warn inflation, rates, and credit tightening may shape a longer downturn.
MENTIONED IN THIS ARTICLE
Wall Street
Bears
Stephen Quickel
U.S. Investment Report
James Stack
InvesTech
Stack
Charles LaLoggia
Federal Reserve
Fed
Martin Zweig
Zweig
Stan Weinstein
Downtown Lawrence survey hints at strong downtown economy
Pat Kehde leads an informal downtown census mapping ownership, employment and space use. About 90 percent of entities between Sixth Street and South Park and from Kentucky to New Hampshire have been canvassed, with early results showing roughly 250 businesses and over 4,500 jobs. Locally owned firms occupy two thirds of more than 1 million square feet of commercial space.
MENTIONED IN THIS ARTICLE
Kansas University
Lawrence
Pat Kehde
Sixth Street
South Park
Kentucky
New Hampshire
Kehde
Lawrence Riverfront Plaza
Local Stock Market Update Number 9100
Local stocks report highlights today focus on two firms of local interest. Market update line 6730 provides quotes and trading summaries for regional shares and notable movements in the ticker.
MENTIONED IN THIS ARTICLE
AMEX
Midland and regional grain prices and livestock quotes
Market brief notes Midland Elevator prices for wheat, corn, milo, and soybeans. Omaha and St Joseph livestock quotations show hogs, steers, and sows with varied weights and weekly totals. Kansas and New York price snippets for metals and precious metals with multiple spot quotes.
MENTIONED IN THIS ARTICLE
Midland
Omaha, New
USDA
Omaha
U.S
St. Joseph
St. Joserh
Commerce Bank Kansas City FX Rates as of Friday 8 A M
Commerce Bank of Kansas City N A provides interbank foreign exchange rates as of 8 a m Friday with retail rates possibly differing per currency unit and a contact number 800 892 7100 for more information and additional rates.
MENTIONED IN THIS ARTICLE
Commerce Bank of
Kansas City
N.A
U.S
Commerce Bank
Businesses plan to boost '94 capital investments
U S businesses intend to raise capital outlays by 8.3 percent in 1994, with over 5 000 firms surveyed predicting 634 billion dollars in building and equipment spending. The Commerce Department noted the rise would be the strongest since 1989, signaling continued investment driven growth as unemployment slips to 6 percent and payrolls expand.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Federal Reserve
Labor Department
Joseph Kelleher Named President at Packer Plastics Inc
Joseph Kelleher, veteran plastics executive, is hired as president of Packer Plastics Inc., overseeing Lawrence operations and Packer West in Reno. Founder Jim Schwartzburg remains as chairman of the board after stepping down as CEO.
MENTIONED IN THIS ARTICLE
Joseph Kelleher
Packer Plastics Inc
Packer
Kelleher
Roma Tool & Plastics
Minneapolis
Minn
Lawrence
Packer West Inc
Reno
Nev
Jim Schwartzburg
PaineWebber to fund landmark mutual fund rescue
PaineWebber Group Inc will spend at least 83 million to settle a lawsuit over large derivatives losses in a government bond mutual fund. The cash infusion marks one of the largest rescues in a mutual fund hurt by trading in risky mortgage derivatives and is highly unusual for the industry.
MENTIONED IN THIS ARTICLE
PaineWebber Group Inc
PaineWebber
UAL owner backs buyout with mixed investor stance
Alliance Capital Management Corp owner of about 17 percent of UAL shares will vote for the proposed employee buyout, though the second-largest investor opposes it. The deal aims to make United's parent, UAL Corp, the nation's largest employee owned company, but approval is unlikely to be easy.
MENTIONED IN THIS ARTICLE
United Airlines
Alliance Capital Management Corp
UAL
United
UAL Corp
Russia to see massive layoffs as forecast by official
The head of the Federal Employment Service warned that twelve million Russians may lose their jobs by year end. He urged people not to take current employment for granted and called for readiness to adjust to shrinking labor demand.
MENTIONED IN THIS ARTICLE
Federal Employment Service
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Gwyn Mellinger
Journal-World Business
Eeemrate
Natl Pizza Seaverernes
Allied Sig Office Depot
Applebee’s
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Buckle Inc
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Labone
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