Fund Watch Trading Flap Raises Fund Manager Scrutiny
The row over personal trading by mutual fund managers has Congress, regulators, and industry leaders on alert. Invesco dismissed co manager John Kaneske for code of conduct breaches, prompting questions about front running and kickbacks while industry insiders warn against overreaction and stress ongoing safeguards.
MENTIONED IN THIS ARTICLE
Congress
Invesco Funds Group
John Kaneske
Invesco
Securities and Exchange Commission
Matthew Fink
Investment Company Institute
Lawrence Lasser
Putnam Investments
Savings and
Lasser
Putnam
Mortgage Delinquencies Hit 20-Year Low in Final 1993 Quarter
Mortgage Bankers Association reports delinquency rate fell to 4.03 percent in Q4 1993 from 4.21 and 4.24 percent, the lowest since 1973. Refinancing at lower rates trimmed debt, while adjustable rate mortgage payments dropped amid a rebounding economy and more job opportunities.
MENTIONED IN THIS ARTICLE
Washington
Mortgage Bankers of America
Lasko
Rates Rise as Mortgage Averages Edge Higher This Week
Thirty-year fixed rates averaged 7.63 percent this week up from 7.51 percent last week while 15-year fixed rates rose to 7.15 percent from 7.01 percent. The mortgage corp notes a 25-year low of 6.74 percent in October and inflation adjusted figures show steady drift toward higher levels. This week’s figures reflect a year ago averages near 4.51 percent and indicate ongoing upward movement amid refinancing activity.
MENTIONED IN THIS ARTICLE
Federal Home Loan Mortgage Corp
Adj
Retailers' sales rebound after slow start in 1994
Washington AP reports February retail sales rose 1.5 percent to 181.6 billion dollars, aided by autos, after a January 1.6 percent decline revised from 0.5. Durable goods gained 2.1 percent, nondurables rose 1.2 percent, with forecasts for February beating expectations. The data offset weather and California quake gloom that lowered January spirits.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
California
Farmers profit despite floods in 1993 Kansas City report says
A Federal Reserve Bank of Kansas City Economic Review notes 1993 farm income rose slightly despite extensive flood losses. Livestock earnings remained strong and traders sold held crops at higher flood prices. With normal weather, crop production should rebound and prices rise about 3 percent, supporting a brighter 1994 outlook.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Federal Reserve Bank
Alan Barkema
Mark Drabenstott
Kansas City Fed
S&L profits extend for third straight year despite losses
Washington AP reports savings and loans posted $5.0 billion in profits for 1993, down from $5.1 billion in 1992 as the industry remains smaller after crisis losses. Fourth-quarter earnings rose to $1.19 billion from $1.05 billion, with assets improving to $17 billion in troubled loans and repossessed real estate, down from $25 billion a year earlier.
MENTIONED IN THIS ARTICLE
Washington
S&l
Office of Thrift Supervision
Robert Davis
The
Savings & Community Bankers of America
S&ls
What Does the Uruguay Round Mean To You breakfast seminar
Judith Hancock, an Overland Park attorney, will present What Does the Uruguay Round Mean To You at a Kansas International breakfast seminar. The event starts at 7 30 a.m. on March 31 at Alcamar Country Club with reservations by calling KI at 841 7120. Northrop bids 60 per share for Grumman, toppling Martin Marietta at 55, a deal worth 2.04 billion and signaling a potential bidding war as Grumman shares rise after hours.
MENTIONED IN THIS ARTICLE
Judith Hancock
Overland Park
Kansas International
Hancock
Alcamar Country Club
Northrop Corp
Grumman Corp
Martin Marietta Corp
Northrop
Grumman
Martin Marietta
Intel Loses Copyright Suit in High-Profile Case
A federal court jury sided with Advanced Micro Devices in a closely watched copyright dispute. Jurors found AMD had the right to copy Intel’s built-in microcode software that controls chip operations.
MENTIONED IN THIS ARTICLE
Intel Corp
Advanced Micro Devices Inc
AMD
Intel
Stocks of local interest wrapup promotion
Local stock notices briefly note a market update line and a telephone prompt for quotes. The message directs readers to call 865 5000 for local stocks and 6730 for the market update, and teases a complete wrapup in Saturday's Journal World.
MENTIONED IN THIS ARTICLE
Journal-World
Regional commodity and livestock prices widespread across markets
Market quotes from Midland Elevator Lawrence show wheat at 3.40, corn 2.70, milo 4.40 and soybeans 6.68 per bushel. Omaha indices list hogs with steady to lower bids, cattle and calves scarce, and varying weights and prices across Dodge City St Joseph Kansas City markets. Nonferrous metals and precious metals priced with latest quotes, while Kansas City feedlot results tallied week totals and head counts.
MENTIONED IN THIS ARTICLE
Midland
Lawrence
Omaha Livestock Omaha, Nes
Uspa
Omaha
U.S
Dodge City Livestock Dance Crry
Kansas
Also Mentioned on This Page
Warren Lasko
Association
Jan
Ars
U.S. Dept. of Commerc
Savings & Loan Performance
Brian Sipple
Onte
Amecess
AlliedSig
Applebee O'Reilly
Buckle Inc
JC Penney
Casey's
Santa Fe
Fourth Fin
Sealright
Goodyear
Sears Seenen Nen
Hercules
Sthwest Bell
H Kmart
TRW
Eeeerey
Kroger
Trinova
LabOne Basesecnsories
UtiliCorp
Lone Star Sticks
Wal-Mart
Feebetennaseesarenea
Western Res
Mercantile
Williams
Merck
Woolworth Stennens
Edward D. Jones & Co
St. Joseph
St. Joseph, Mo
Kansas City
New York
London
Comex
Handy & Harman
Mercury
Newark
N.Y
Commerce Bank of
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!