Diversification guides mutual funds but risks remain
The piece explains how diversification through mutual funds spreads risk across stocks bonds and other assets with hundreds of dollars. It cites industry cautions that apparent diversification can fail in rising rate or bear markets and notes global funds offer growth yet share similar downturn risks.
MENTIONED IN THIS ARTICLE
John Rekenthaler
Morningstar Mutual Funds Advisory Service
Lipper Analytical Services Inc
Independent oil producers push tax incentives in Washington
In Dallas, oil industry officials from the Independent Petroleum Association of America and the National Stripper Well Association urged federal action at a two day oil summit. They pressed for a $3 per barrel tax incentive for stripper wells and other measures to aid states like Texas and Kansas where stripper wells dominate production. Kansas Governor Joan Finney backed energy tax incentives and a foreign crude levy or tax credits to relieve stripper wells. President Clinton agreed to a meeting to discuss an emergency package as prices and production remain strained.
MENTIONED IN THIS ARTICLE
Dallas
Washington
Texas
Independent Petroleum Association of America
Weil Assn
Kansas
Joan Finney
Finney
Julian Martin
Texas Independent Producers and Royalty Owners Assn
Alcorn
David Boren
D-Okla
Clinton
Congress
Boren
Airlines settle price fixing with new fare system
Six major airlines agreed to end price fixing tied to a centralized fare system. They will post fares in ATP and sell at those prices immediately, barring post hoc adjustments. The settlement seeks to curb electronic signaling of price increases and restores competitive pricing.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Airlines settle price fixing case with consent decree
The Justice Department says eight airlines including American Delta Northwest Continental Trans World Alaska United and USAir agreed to abandon a fare setting system that harmed travelers, potentially costing up to 1.9 billion. The 1992 consent decree followed an initial antitrust suit by DOJ.
MENTIONED IN THIS ARTICLE
Justice _ Department
American
Delta
Northwest
Continental
Trans World
Alaska
United
Usair
Justice Department
Tax receipts rise for Douglas County merchants in December
Douglas County merchants paid $2,930,181 in state sales taxes in December, up 11.25 percent from December 1992. In fiscal year 1994 starting July 1, the 4.9 percent tax collected $16,148,021, up 17.89 percent from $13,696,824 a year earlier.
MENTIONED IN THIS ARTICLE
Douglas County
Kansas Department of Revenue
Senate backs bill shielding aircraft makers from lawsuits
Supporters of a bill to limit lawsuits against aircraft makers praise Senate approval after a 91-8 vote. Rep. Dan Glickman says the margin builds momentum for House passage as major Wichita‑based firms Cessna, Learjet, and Beech Aircraft are cited alongside Sen. Nancy Kassebaum and the senator sponsor.
MENTIONED IN THIS ARTICLE
Senate
House
Dan Glickman
D-Kan
Cessna Aircraft Co
Learjet Inc
Beech Aircraft Corp
Wichita
Glickman
Nancy Kassebaum
GM UAW reach pact to end three day Ohio strike
General Motors and United Auto Workers negotiators announced an agreement that could end a three day strike at two Ohio brake plants. The stoppage disrupted parts supply, with GM assembly plants in Indiana Michigan and Wisconsin facing potential shutdowns as parts ran short.
MENTIONED IN THIS ARTICLE
General Motors Corp
United Auto Workers
Ohio
Indiana
Michigan
Wisconsin
House panels push telecommunication reform bills
House committees advanced an overhaul of telecom policy aiming to end barriers keeping Bell companies from long-distance service and gear manufacture. Another bill would let local phone and cable firms enter each other’s markets, both seen as a major shift toward competition and lower consumer prices.
MENTIONED IN THIS ARTICLE
Washington (Ap
House
House Energy and Commerce and Judiciary
Bell Telephone
Energy and Commerce Committee
Edward Markey
Dmass
House Energy and Commerce Committee
John Dingell
D-Mich
Congress
First-time jobless claims drop amid week’s decline
Washington AP reports first-time claims for unemployment benefits fell by 8,000 to 342,000 for the week ending March 5, below analysts’ 340,000 forecast. The four week moving average declined to 345,250 from 349,250 as economists at Merrill Lynch foresee further improvement and job creation in March.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Merrill Lynch & Co
Local Stocks and Market Update Notice
Local stocks page urges readers to dial 865-5000 then enter for updates and notes a complete market wrapup in Saturday’s Journal-World. It highlights the stock market overview and directs readers to the upcoming printed wrap in the weekend edition.
MENTIONED IN THIS ARTICLE
Journal-World
Local Market Quotes From Midland to St Joseph and Dodge City
Morning market update lists Midland Elevator Lawrence wheat 3.42 corn 2.78 milo 4.46 soybeans 6.92. Omaha livestock quotes show hogs 44.50 to 45.00 with variations and cattle and calves none. St Joseph reports hog prices 40.50 to 44.50 with weights 220 to 700 pounds and several price ranges. Dodge City notes trade slow with slaughter cattle prices around 75.50 to 76.00 for steers and 75.50 for heifers, weekly totals 41,200 head. Nonferrous metals in New York quote copper at 0.95 per pound, aluminum 0.586, lead 0.34, zinc 0.4378–0.4830, tin 3.64, gold around 383–385 per ounce, silver about 5.34–5.38 per ounce. rates are as of 8 a.m. Friday with bankers contact for more data.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Oman
USDA
Omaha
U.S
St. Joseph
St. Joseph, Mo
Dodge City Livestock Dancerry
Kansas
London
Comex
Handy & Harman
Mercury
New York
Also Mentioned on This Page
Associated Press
Ko’d
Antitrust Division
Airline Tariff Publishing Co
ATP
Aircraft Industry
UAW
Cou
Bullene
Low
Ny Atic
AlliedSig
Applebee's O'Reilly Auto Block
Woolworth Sysanene
Edward D. Jones & Co
Omaha Livestock
Nonferrous Metals
Spot Nonferrous
Ee Lal
N.Y
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Jayhawk Club
Exon
Jerry Harper Lawes
Mass
J.D
Ll.m
UID
Kel Railates
Computer Center
Lawrence E
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