Whitewater case stirs markets but mostly stalls fears
Wall Street remains edgy over the Whitewater controversy, yet analysts say the current dispute is unlikely to trigger lasting economic damage. They note the U.S. economy is markedly healthier than during the Watergate era, with markets showing resilience despite volatility in stocks and bonds.
MENTIONED IN THIS ARTICLE
Wall Street
U.S
Whitewater
Arkansas
Clinton
Hillary Rodham Clinton
J Whitewater
Small stocks defy Fed tinkering amid mixed market mood
Markets view the economy as growing and rate hikes as not threatening. Six weeks after the Fed move, bonds remain volatile while small caps push to new highs. Russell 2000 and Nasdaq Composite set records, while Dow and S&P lag from recent peaks. Analysts note small caps include cyclical, growth, and defensive groups, with fewer dividend plays. Clinton’s Greenspan meeting fuels speculation on loan demand and continued earnings strength to lift stocks despite bond-market dips.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Clinton
Alan Greenspan
Greenspan
Kemper rebuff drives GE Capital bid push for Kemper
GE Capital Services bids $2.2 billion for Kemper Corp after Kemper's board rejected the offer at $55 per share. GE Capital seeks broader consumer finance growth despite Kemper remaining independent. industry sources note GE Capital's expansion includes a GE Rewards MasterCard launch in 1992 and the unit employs about 33,000 people across 24 businesses.
MENTIONED IN THIS ARTICLE
New York
GE Capital Services Inc
GE Capital
Kemper Corp
Long Grove
Kemper
Mike Egizio
Duff and Phelps Inc
GE Rewards MasterCard
Kmart
Toys R Us
Peabody
Citicorp
Egizio
General Electric Corp
Lumbermen's Mutual Casualty Co transformed to diversified finance
Headquarters in Long Grove Illinois near Chicago Gilson Lumbermen's Mutual Casualty Co started 1912 to provide workers compensation for lumberyard owners and became an early auto insurer. By 1990 shifts to broader finance with 6,300 employees and 1993 revenue of 1.54 billion and profit of 235.5 million after 1992 loss of 203.4 million. Big 1992 hurricane Andrew losses and sale of remaining property casualty units by last November.
MENTIONED IN THIS ARTICLE
Long Grove
Ill
Chicago
Lumbermen's
Mutual Casualty Co
Life Insurance
Diversified Financial Company
GE Capital seeks Kemper bid amid expansion push
GE Capital Services, based in Stamford, is expanding into consumer finance and brokerage. It eyeing Kemper for a bid about 45 percent above the Jan 26 price, aiming to inspect assets and grow mutual funds, insurance, and brokerage in a high growth push. Kemper officials allege GE aims to steal Kemper with a low ball offer and demand fair treatment.
MENTIONED IN THIS ARTICLE
Mary C. Wendt
GE Capital
Kemper
David B. Mathis
Mathis
John Welch Thutney
Ings
Trade with China seminar to aid Kansas firms
Kansas University Small Business Development Center and the Lawrence Chamber of Commerce host a seminar titled Doing Business with China from 6 30 to 8 30 p m on April 7 at the chamber offices 734 West Sixth Street. Speakers include KU business professor Clyde Stoltenberg Armstrong Global president Jay Armstrong and state trade official Jeff Willis. Registration details and a nominal fee are available by calling the SBDC at 843 8844.
MENTIONED IN THIS ARTICLE
Kansas University Small Business Development Center
Lawrence Chamber of Commerce
China
Kansas
Peoples Republic of China
Clyde Stoltenberg
Stoltenberg
Jay Armstrong
Armstrong
Local Stocks and Market Wrapup Teased
The Journal-World previews a full stock market wrapup in Saturday editions. Readers are urged to call 865-5000 for details and stay tuned for updates on LOCAL STOCKS 9100 and STOCK MARKET UPDATE 6730.
MENTIONED IN THIS ARTICLE
Journal-World
Agricultural and metal market prices from Midwest and coast
As of this morning Midland Elevator Lawrence lists wheat 3.39, corn 2.79, milo 4.48, soybeans 6.90. Omaha prices show hogs 1500 head with mixed bids, cattle and calves with steers 72.00 to 74.25, heifers 72.50 to 74.25, lambs 57.00 to 58.00, and New York metal quotes include aluminum 60.1 cents, copper 96 cents, lead 34 cents, zinc 44.23 to 48.75, with gold 386.45 to 387.10 and silver around 5.41.
MENTIONED IN THIS ARTICLE
Midland Elevator
Lawrence
Omaha
Nes
Usda
U.S
St. Josep, Mo
New York
London
Comex
Handy & Harman
Newark
N.Y
Also Mentioned on This Page
Whitewater ‘Case
Sung Won Sohn
Norwest Corp
Minneapolis
South
Jay Donnaruma
First Albany Corp
Albany
Thomas Gallagher
Lehman Brothers
Watergate
Nixon
Greg Smith
Prudential Securities
Quarket
Standard & Poor
Zeal
Kemper Board
Stamford
Conn
Electronics
Penske Truck Leasing
Kidder, Peabody & Co
GNA
Resolution Trust Corp
Emery
Ody
AlliedSig
Applebee's
Panaeeas
Buckle Inc
Casey's Eaeee
CommBancs
Dayton-Hudeavneee
Fleming
FMC Beetenens
Goodyear
Hercules
Kmart. Tee
Kroger
Labone
Lone Star Sticks
Mercantile
Merckwana
Ceee Iene
Svaeensgnee
O'Reilly Auto
Payless Cash
JC Penney
Pepsico
Quaker
Railroad Fin
Sallie Mae
Santa Fe
Sealright
Sears
Sthwest Bell
TRW
Onresenre
Trinova
UtiliCorp
S Wal-Mart
Western Res
Williams Peverdy
Woolworth , Senses
Edward D. Jones & Co
Omaha Livestock
St. Joseph Livestock
Dodge City Livestock Dopce Crry
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Treasury
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