Risk rises for mani investors in Orange County crisis
Orange County California faces bankruptcy with notes due this month and a looming sales tax vote. If the tax fails or debt is repudiated, defaults threaten munici pal bond holders. Tax exempt funds took a hit but rebounded. SEC concerns loom as markets reassess long term risk and pricing, with potential restructurings and higher issuance costs.
MENTIONED IN THIS ARTICLE
Orange County
Calif
America
Arthur Levitt
Securities and Exchange Commission
SEC
California
U S trade deficit widens on record April imports
The Commerce Department reports the April goods and services deficit at 11.37 billion dollars, up 16.2 percent from March as imports rise to an all time high. Japanese car shipments jump 9.5 percent to 2.4 billion, pressuring talks with Japan amid looming 100 percent tariffs.
MENTIONED IN THIS ARTICLE
Washington
America
Commerce Department
Clinton
Japan
Geneva
U.S
Sunmakers Travel Group names Maupin tour leaders in Seattle move
Sunmakers Travel Group of Seattle, which acquired Maupin tour Inc., earlier this month, announced senior management changes on Tuesday. W Donald Jones becomes senior vice president and general manager of Maupin tour Inc. Jones joined Maupin tour in 1980 and was the companys senior vice president of finance and treasurer and an owner director at the time of the acquisition. Gaylen C Koons, a 37 year Maupin tour employee, is now vice president of escorted tours planning and operations. G Ed Clement, who joined in 1990, is vice president of marketing. Don Johnston remains as a consulting on projects for Sunmakers president Robert H Brennan, who is also Maupin tours president. Brennan said Maupin tour will push an aggressive marketing and sales program for 1995 96 with growth tied to more tours booked and customers served. Corporate officials expect Maupin tours 75 employees to stay at headquarters 1515 St Andrews Dr. Clement notes if expansion continues there is no need to consolidate with other Sunmakers operations.
MENTIONED IN THIS ARTICLE
Sunmakers Travel Group
Seattle
Maupintour Inc
W. Donald Jones
Lawrence
Jones
Maupintour
Gaylen C. Koons
G. Ed Clement
Don Johnston
Sunmakers
Robert H. Brennan
Clement
Brennan
St. Andrews Dr
Commodities and metals prices in early market report
The table lists spot and contract prices for aluminum copper lead zinc gold silver mercury and platinum in various markets. Prices shown include copper at 1.46 per pound and 1.41 delivered, gold around 390-391 per ounce, silver about 5445-5466 per ounce, aluminum at 0.799 dollars per pound, and mercury and platinum in local quotes. Rates reflect interbank trades as of 8 am today, with Commerce Bank contact details for more information.
MENTIONED IN THIS ARTICLE
Handy & Harman
Comex
New York
N.Y
Commerce Bank of
Kansas City
U.S
Commerce Bank
Trade chief named Van Horn as Kansas Trade Development Director
Robert Van Horn, 43, has been named Trade Development Director for Kansas. He plans to visit Kansas communities and meet exporters as his first priorities in the Department of Commerce and Housing. He will earn unspecified compensation.
MENTIONED IN THIS ARTICLE
Robert van Horn
Kansas
van Horn
Department of Commerce and Housing
Judge orders Brennan to pay over seventy million in fraud case
A judge orders financier Robert Brennan to pay more than 71.5 million dollars for cheating thousands of penny stock investors, stating the exposed fraud was likely just the tip of the iceberg and highlighting ongoing concerns about his conduct and the scope of the scheme.
MENTIONED IN THIS ARTICLE
Robert Brennan
Judge Owen contrasts with Brennan ads in 1980s growth pitch
Judge Richard Owens portrayal contrasts with Bren nan's 1980s television appeals urging investors to come grow with us. First Jersey served about 500000 customers across 35 regional offices by 1985 and reported 95 million dollars in earnings.
MENTIONED IN THIS ARTICLE
Richard Owen
Brennan
First Jersey
Local Stocks Update From Theater of Numbers
Local stock page provides a terse market update with figures and code references. It lists lines of figures and a dial-tone call to access real time quotes, including 9100 for local stocks and an internal 6730 code for market updates.
Nichols names new directors
Kansas City AP The son of J C Nichols founder Miller Nichols said he would resign as director of the embattled company. He joins several other directors who agreed to step down to allow outside directors a majority of seats.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
J.C. Nichols Co
Miller Nichols
Jesse Clyde Nichols
Nichols
William H. Dunn
J.E. Dunn Construction Co
Michael G. Fitt
Employers Reinsurance Corp
Also Mentioned on This Page
Jane Bryant Quinn
Mani
Germany
BMW
Mercedes
Ermets
Sondije
Midland
Omaha Livestock
Dana, Nés
USDA
Omaha
St. Joseph Livestock
St. Joseph
Dodge City
Koons
Nonferrous Metals
London
The
Journal-World
Chinge
AlliedSig Applebee's
A Buckle Inc
Camco Intnatl
Casey’s
CommBancsh
Dayton-Hud First Bank Sys
Fleming
FMC
Goodyear
Heinz
Hercules
Kmart
Kroger
LabOne
A Mercantile
Merck
NPC Intand
Office Depot
O'Reilly Auto
JC Penney
Pepsico
Quaker
Sallie Mae
Santa Fe
Sears
Sthwest
Brandon Woods
Inverness Drive
Welcome & Topeka
Charles Gruber
Logo
Calvin Klein
Guess
Geoffrey Beane
Maui Jim
Lafont
Neostyle
Roy Tower
East 7Th
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