Deficits and rates questioned by economist Eisner
In a contrarian view of common economic rules Robert Eisner argues deficits may aid growth since debt is a small share of the economy and interest yields benefit millions. The piece links this to broader doubts about inflation, capacity use, and response to higher rates across housing, stocks, and bonds.
MENTIONED IN THIS ARTICLE
Robert Eisner
Eisner
America
Federal Reserve
Edward Yardeni
National Association of Realtors
Gerald Perritt
Standard & Poor
IBM to unveil AS 400 upgrades to extend minicomputer line
IBM plans major AS-400 changes to refresh its minicomputer line since 1988. Analysts note minicomputers remain IBM’s most profitable segment, with revenues around 4.5 billion last year and 1.2 billion pretax profit, while the market shifts to workstations and PCs. The refreshed AS-400 aims to be cost efficient, run standard software, and act as workplace servers linking many PCs in networks.
MENTIONED IN THIS ARTICLE
IBM
D.H. Andrews Group
Savings bonds rise rate to 4.7 percent for six months
The Treasury announced Series EE savings bonds will pay 4.7 percent interest over the next six months, up from 4.25 percent, with a 4 percent guaranteed floor if redeemed within five years. Market rate is 85 percent of five-year Treasury yields and adjusted each May and November.
MENTIONED IN THIS ARTICLE
U.S
Treasury Department
Department
Treasury
Ings
Federal Reserve
Kodak to refocus Imaging business amid divestitures
Kodak announced plans to sell Sterling Winthrop and other units including S&F Products and Clinical Diagnostics to concentrate on its Imaging division. The move would trim about 22 percent of 1993 revenue, cut global staff by 10,000, and shift toward five imaging segments and increased digital processing and storage.
MENTIONED IN THIS ARTICLE
Rochester, N.Y
Eastman Kodak Co
Sterling Winthrop Inc
Kodak
George M.C. Fisher
Kay Whitmore
Sterling Winthrop
S&f Products
Health Sciences
Fisher
Michael Ellmann
Wertheim Schroder & Co
Sterling
L&f
Roche to acquire Syntex in $5.3 billion merger
Roche Holding plans to buy Syntex Corp for 5.3 billion dollars. Syntex founders helped birth the birth control pill, and the deal awaits regulatory approval. Syntex CEO Paul Freiman cites industry shifts and a need for a strong global partner amid patent expirations and generics pressure.
MENTIONED IN THIS ARTICLE
Washington
Roche Holding Ltd
Syntex Corp
Syntex
Hoffman-La Roche
New Jersey
Naproxen
Paul Freiman
Sharon Dorsey Wagoner
Roche
New York Stock Exchange
eT a3 Silver Works 20th Anniversary Open House
eT a3 Silver Works at 715 Mass celebrates 20 years with an open house Thursday 10 a.m. to 6:30 p.m. and Friday and Saturday 10 a.m. to 6:30 p.m. Owners Jim and Cara Connelly invite customers to wear vintage pieces during the event and are giving away a new Connelly original in a drawing. The shop began in spring 1974 in the Casbah.
MENTIONED IN THIS ARTICLE
Mass
Jim
Cara Connelly
Jim Connelly
Casbah
Kansas University
Connelly
Connelys
Kmart to issue stock stakes in Borders Walden Builders Square OfficeMax and Sports Authority
Kmart Corp announced plans to issue a new class of common stock representing between 20 percent and 30 percent of four specialty store units. Borders-Walden Group Builders Square Group OfficeMax Group and The Sports Authority would be included in the offering.
MENTIONED IN THIS ARTICLE
Kmart Corp
Borders-Walden Group
Builders Square Group
OfficeMax Group
the Sports Authority
Wendy's International Reports 27 Percent Profit Rise
Wendy's International posted a 27 percent jump in first quarter profits with earnings of 12.5 million dollars or 12 cents a share, up from 9.8 million dollars or 10 cents a share a year ago.
MENTIONED IN THIS ARTICLE
Wendy’s International
Local Stocks and Market Wrapup Promised
Local notice urges readers to dial 865-5000 then enter to hear stocks of local interest. It references a 9100 stock market update and 6730 for a complete market wrapup in Saturday's Journal-World.
MENTIONED IN THIS ARTICLE
Journal-World
Midland elevators seed and livestock quotes lead regional market rundown
Local morning prices show Wheat at 3.80, Corn 2.67, Milo 4.28, Soybeans 6.70. Omaha quotes list hogs at 41-42.50 per cwt, sows under 500 lbs down, and 350-550 lbs at 34.00-36.50. Cattle and calves mixed with steers 70.50-72.00, heifers 70-72, and lambs not tested. St. Joseph reports hogs 40.50-41.00 for 230-270 lbs, sows down, plus Kansas and New York metal and commodity prices across multiple items.
MENTIONED IN THIS ARTICLE
Midland
Omaha
Ned
U.S
St. Joseph
Foreign exchange rates notice from Commerce Bank Kansas City
Rates represent interbank trades as of 8 a.m. today with possible retail variations. For more information and additional rates call Commerce Bank at (800) 892-7100.
MENTIONED IN THIS ARTICLE
Commerce Bank of Kansas
City
N.A
U.S
Commerce Bank
Also Mentioned on This Page
N.Y. Times News Service
IBM PC Co
Managin
Apple
Robert Cortigan
Ourea
Rhames
Compas
Data Corp
Bob Blanehini
National Association of Purchasing Management
Association
Kmart
Wendy
AlliedSig
Applebee's
O'Reilly
Payless
Cas
Buckle Inc
Casey's
Pepsico
CommBancs
Quaker
Dayton-Hud
Railroad Finah Ms
Fleming
Sallie
Sealright Sears
Goodyear
Hercules
Sthwest Bell
Kmart Oe
Ah Me
Kroge
Trinov
Mith
LabOne
Uely
UtiliCorp
Lone Star Sticks
Wal-Mart
Crsacey
Western
Mercantile
Williams
Merck
Woolworth
Edward D. Jones & Co
Omaha Livestock
St. Joseph Livestock
Dodge City
Kansas
Nonferrous Metals
New York
Sonferrous Metal
Commoditie
London
Comex
Handy & Farman
Handy & Harman
Mercury
News York
N.Y
Lon
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Journal
Worip
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