Bond funds teach a lesson on high risk
A quick test for investors in government bond mutual funds shows many funds marketed as conservative are often levered pools of complex securities. The Piper Jaffray Institutional fund fell about 22 percent this year, PaineWebber paid 6 percent to compensate investors for a misrepresentation, and the piece urges re-examining government bond funds. It advises evaluating mortgage-backed securities, derivatives, and leverage details in fund disclosures.
MENTIONED IN THIS ARTICLE
Piper Jaffray
Paine’ Webber
U.S
Treasury
Wall Street
Inflation Eases as Industrial Output Rises Modestly
Washington data show May industrial production up 0.2 percent, with a 0.1 percent April gain, while factory operating rates slipped to 83.5 percent. Auto output declined from February peaks, contributing to a slower growth picture alongside rising productivity in late last year and modest consumer price gains.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Commerce Department
Department
Central Bank
Gov
Fed
Market wrapup preview for Saturday Journal-World
Local readers are advised to watch for the complete market wrapup in Saturdays Journal-World. The feature will summarize stock trends, commodity prices, and notable shifts affecting the local economy.
MENTIONED IN THIS ARTICLE
Journal-World
Market quotes from Midland to Kansas City and Omaha Livestock
Local markets show Midland Elevator prices wheat 3.39 corn 2.70 milo 4.34 soybeans 6.86. Omaha quotations list hogs 1,300 head with barrows and gilts down 1.00, cattle sparse, sheep none. Kansas City feedlot sales 15,900 steer and 10,400 heifers with mixed prices, plus nonferrous metals prices and currency notes from Commerce Bank.
MENTIONED IN THIS ARTICLE
Midland
Omaha, Nes
Usba
Omaha
U.S
Str
Jospra
Dodge City Livestock Dovce Crry
Kansas
Deregulation study cites $100B boost to economy over a decade
White House Council of Economic Advisers estimates deregulation could add about $100 billion to the $6.5 trillion domestic economy across ten years. It also forecasts a doubling of spending on telecommunications and information services in the same period. Delta Air Lines outlines initial cost-cutting moves, trimming European routes and removing 13 Airbus A310 jets. Advertisers project a 7.2 percent rise in domestic ad spend this year, with total ad outlays near $148 billion.
MENTIONED IN THIS ARTICLE
White House
Council of Economic Advisers
Delta Air Lines
Cincinnati
Munich
Miami
London
New York
Stockholm
Oslo
Robert Coen
McCann-Erickson Worldwide
The Mobile Office Blues In The 1990s
A Yankelovich Group survey finds untethered mobile workers log 50 to 70 hour weeks under heavy deadlines. Despite freedoms from the office, they stay connected by fax and email, sacrificing family time while embracing new gadgets and flexible hours.
MENTIONED IN THIS ARTICLE
Daniel Yankelovich
Larry Reich
New York
Also Mentioned on This Page
Dow Jones
May
DIAL
Office Depot
AlliedSig
Applebee's Steneceen O'Reilly Auto
Payless Cash
Buckle Inc
JC Penney
Casey's Sengenes
Pepsico
CommBancsh
Quaker
Railroad Fin
Dayton-Hudseetony
Fleming
Sallie Mae
FMC
Santa Fe
Fourth Fin
Sealright
Sears
Goodyear
Sthwest Bell
Hercules
Kmart
TRW
Kroger
Trinova
Labone
Pesenesvenes
UtiliCorp
Lone Star Sticks
Wal-Mart
Western Res
Maypen
Williams
Merck
Woolworth
Edward D. Jones & Co
Omaha Livestock
St. Joseph Livestock
Comex
Handy & Harman
N.Y
Commerce Bank of
Kansas City
N.A
Commerce Bank
Delta
N.Y. Times News Service
Aigner
Liz Claiborne
American Angel
Eastpack
Weaver
Massachusetts
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