Consumers over borrow to ride rising rates in new era
Government data show April consumer debt rising by nearly 9 billion, the largest monthly jump in nine years, while business plans to boost capital spending by 8.3 percent signal stronger investment. Analysts split on meaning as inflation fears and Fed rate hikes unfold, with core prices in May edging higher despite a wholesale price dip.
MENTIONED IN THIS ARTICLE
Federal Reserve
Elliott Platt
Donaldson, Lufkin & Jenrette Securities Corp
Robert Brusca
New York
Nikko Securities Co. International Inc
Labor Department
Fed
Stocks of Local Interest Update
Local stock notes advertise a quote line and a market wrapup to follow in Saturday Journal World. It lists a local dial path and a broadcast code for accessing current figures. The notice directs readers to call 865-5000 then enter 9100 or 6730 for updates before the weekend wrap.
MENTIONED IN THIS ARTICLE
Journal-World
Midland and Omaha Market Quotes Across Commodities
Local morning prices show Midland Elevator listing wheat at 3.42, corn 2.68, milo 4.37, soybeans 6.77 per bushel. Omaha Livestock Market notes hogs 50-1.00 higher with 1,600 head, cattle and calves 50 higher on steers, heifers, and choice ranges. spring lambs 3.00 higher. veering prices across regions including St. Joseph Missouri and Dodge City Kansas feedlot sales. nonferrous metals and precious metals futures quoted in New York with copper at 1.09-1.13 per pound, gold at 382-384 per ounce, silver around 5.35 per ounce.
MENTIONED IN THIS ARTICLE
Midland
Omaha, New
Usda
Omaha
U.S
St. Joserh
Deregulation Threat Persists for California Utilities
California moves toward deregulating electric rates as the prospect spreads to other states. Analysts warn the shift could erode the conservative appeal of utility stocks, already down this year, by introducing rate competitiveness and policy uncertainty.
MENTIONED IN THIS ARTICLE
Washington
California
U.S
Dan Scotto
Bear Stearns & Co
California Public Service Commission
California faces deregulation debate in utility stocks
The Dow Jones 15 utility stocks have fallen over 30 percent from last August, tripling the Dow's decline this spring. Regulators seek comments as California lawmakers weigh a plan to introduce price competition, risking steadier returns amid rising rates and dividend cuts by FPL Group. Industry analysts warn deregulation could scare investors, especially retirees, and push customers to seek out nonlocal providers.
MENTIONED IN THIS ARTICLE
Tomers
California
Scotto
FPL Group
Florida Power & Light
Target to buy Nieder Acres for prototype Lawrence store
Target Stores Inc plans a 165,200 square foot prototype superstore in Nieder Acres on South Iowa Street. The deal includes about two dozen parcels, with 19 home sites moved or relocated. construction could start after homes clear by August and store openings eyed for October 1995. The site will also host a 37,000 square foot grocery section plus bank, pharmacy, photo studio and cafeteria.
MENTIONED IN THIS ARTICLE
Target Stores Inc
South Lawrence
Target
Nieder Acres
South
Iowa Street
Doug Brown
Brown
Lawrence
UAW Calls Off Strike At Caterpillar Aurora Plant
UAW leaders end a six day strike at Caterpillar Inc. Aurora plant while gates remain locked. Caterpillar spokesman says no reinstatement for striking workers until unions pledge not to strike on similar issues. A ninth strike since September began with suspensions over pro union signs.
MENTIONED IN THIS ARTICLE
Aurora, Ill
United Auto Workers
Caterpillar Inc
Aurora
Caterpillar
Terry Thorstenson
Thorstenson
UAW
Jerry Brust
Brust
Boeing 777 jumbo jet passes test flight in Everett
Boeing reports a 3 hour 48 minute test flight for the new 777 jumbo jet with minor glitches after four years and about 4 billion dollars in development. Capt John Cashman calls the flight near perfect and cites 147 orders and a price range of 116 to 146 million as evidence of strong demand.
MENTIONED IN THIS ARTICLE
Everett, Wash
Boeing Co
John Cashman
Cashman
Boeing
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Money Fund Report
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Robert Stanger & Co
World Golf Council
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