Investors face first real test as stock market drifts lower
A Wall Street downturn in early 1994 chills rookie investors used to rising markets. The Dow sheds about 9 percent since year end, mutual funds see redemptions, and analysts debate whether the drop signals a temporary correction or new bear territory, with inflation fears and Fed moves hanging in the balance.
MENTIONED IN THIS ARTICLE
Wall Street
James Stack
InvesTech
Tom
Federal Reserve
Carol Stone
Nomura Securities International
Wall
Central National Bank plans Lawrence branch opening
Junction City based Central National Bank expands into Lawrence using a three acre site at Inverness Drive and Wakarusa Drive. Keith Henley, CFO, says the market between Topeka and Kansas City plus the University of Kansas offers growth and competition. The bank already serves Lawrence customers from Topeka and will be the seventh commercial bank in town pending OCC approval.
MENTIONED IN THIS ARTICLE
Central National Bank
Kansas Cities
Topeka
Junction City
Lawrence
Scelve
Inverness Drive
Wakarusa Drive
Keith Henley
Henley
Central
Tower Plaza
Iowa Street
Bank
Kansas City
University of Kansas
Lees
U.S. Comptroller of the Currency
Kansas Corporation Commission
Central of Kansas
Ed Rolfs
Kansas
Jim van Slyke
Herington
White City
Newton
Halstead
Hesston
van Slyke
Marion County
Mina ae MGCESS Stock Quote Note
Market wrapup notes Mina ae MGCESS in latest stock quotes. Gauge appears in Saturday Journal-World with the full market recap.
MENTIONED IN THIS ARTICLE
Mina Ae
Journal-World
Midland Elevator Market Prices and Western U.S. Livestock Quotes
Morning market report with Midland Elevator prices for Wheat, Corn, Milo, and Soybeans. Livestock quotations from Omaha and St. Joseph include hog and cattle figures, with steady to higher hogs and various weight bands, plus Dodge City weekly feedlot sales data and 8 a.m. rate quotes for nonferrous metals and precious metals in New York markets.
MENTIONED IN THIS ARTICLE
Midland
Omana, Nes
Aspa
Omaha
U.S
St. Joseph
St. Josef
Dodge City Livestock Dopee City
Uspa
Kansas
Economy ends 1993 on fire but growth expected to cool
The economy grew at a 7 percent annual rate in the final quarter of 1993, revised down from 7.5 percent but still sizzling. Corporate profits rose 8.4 percent to $297.4 billion for Q4, with full-year gains the strongest since 1990. Initial jobless claims fell to 330,000. Analysts expect 1994 growth to slow to about 3–4 percent with inflation near 3 percent, amid a stock market retreat as rates climb.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
United States
Labor Department
Sonally
Econ
Omy
Clinton
Marilyn Schaja
Donaldson, Lufkin & Jenrette Securities Corp
New York City
Michael Niemira
Mitsubishi Bank
New York
Investment funds slow as flows retreat in February
The Investment Company Institute reported a drop in net cash flow into long term mutual funds to 17.5 billion dollars in February from 32.1 billion dollars in January. Woolworth restates margins amid an internal probe while PepsiCo moves to stamp shelf dates on sodas indicating product freshness to aid consumer information. A New York consumer advocate applauds the move.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Pepsi-Cola Co
New York State
Insider abuse linked to most failed banks
GAO report finds insider abuses present in 61 percent of failed banks and a major cause in 26 percent, with inspectors failing to curb issues before failures. It urges stronger detection by bank examiners and clearer communication to boards, noting open banks show similar but less severe violations.
MENTIONED IN THIS ARTICLE
Washington
General Accounting Office
GAO
Congress
Federal Bank
Also Mentioned on This Page
Gwyn Mellinger
Journal-World Business
Eorror
Aircel
AlliedSig
Buckle Inc
Ry Aenes
Casey's
CommBancsh
Dayton-Hud
Fleming
Goodyear
Hercules
Kmarteneee
Kroger
Ya Labone
Lone Star Sticks
May Wrerescecessenene
Mercantile
Merck Peeeensan
DIAL
Office
O'Reilly Auto
Denne
Jc Penneyanees
Pepsico
Quaker
Railroad Fin
Sallie Mae
Santa Fe
Sealright
Sears
Scsees
Sthwest Bell
Alh Trw
Trinova
UtiliCorp
Wal-Mart
Western Res
Williams Eaeneen
Woolworth Epsennee
Edward D. Jones & Co
Omaha Livestock
London
Comex
Reotele
N.a
Handy & Harman
N.Y
Commerce Bank of
Commerce Bank
Canada
France
Germany
Great Britain
Japan
Mexico
Switzerland
U. S. Dept. of Comme
Woolworth Probe
Woolworth Corp
Pepsi
Jayhawk
Tom Jones
Creative Labs
Microtech Computers
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