Foreign funds keep growing despite unsettling world markets
Global and international mutual funds show explosive growth as investors diversify beyond the United States. Assets of global and international stock funds reached 132 billion dollars by end July, more than double the prior year, while global bond funds rose to 36.52 billion. Investors face currency risks, tax complexities, and market volatility, with advisors urging caution and hedging where possible.
MENTIONED IN THIS ARTICLE
United States
Investment Company Institute
Canada
Friedberg Mercantile Group
Gallup
Scudder, Stevens & Clark Inc
World Funds
U.S
Kemper Financial Services Inc
Chicago
Kemper
Internal Revenue Service
Toyota to boost U.S. output amid yen costs and demand
Toyota Motor Corp says it will raise North American production to 790,000 vehicles in 1996 from 533,000 in 1993, making over 60 percent of U.S. sales in 1996 from North American made. Kentucky plant employment is expected to rise to about 6,000 in 1996 as Avalon production begins.
MENTIONED IN THIS ARTICLE
Tokyo
Toyota Motor Corp
North America
Japan
United States
North
America
Toyota
Wen
Georgetown
Brendan Hagerty
U.S
Kentucky
Toyota General Motors
Fremont
Calif
New United Motor Manufacturing Inc
NUMMI
Hagerty
Eltron
Chatsworth
Taiwan
Deborah Navas
ID Systems
Peterborough
H. Skinner
Dataproducts Corp
Los Angeles
Woodland Hills
Arthur Wang
Taiwan Semiconductor Co. Ltd
Borden to be bought by KKR in $2 billion deal
Borden Inc. reveals Kohlberg Kravis Roberts will acquire the company for $2 billion in RJR stock, ending weeks of speculation. The sale follows Borden’s efforts to salvage finances after divesting assets. Bayer will buy back its historical U.S. aspirin business for $1 billion in a separate move.
MENTIONED IN THIS ARTICLE
Borden Inc
Kohlberg Kravis Roberts & Co
RJR Nabisco Holdings
Borden
RJR
Bayer AG
U.S
Bayer
Bayer Becomes North American OTC Partner in Sterling Winthrop Deal
Bayer AG would regain the North American over the counter drug business of Sterling Winthrop Inc. The deal links Bayer to the businesses it lost in 1918 when confiscated as enemy property and auctioned to Sterling. Sprint Corp faces NLBR charges of illegal shutdown of La Conexion Familiar to thwart union organizing, with 50 plus anti union actions found by the agency.
MENTIONED IN THIS ARTICLE
SmithKline Beecham PLC
Sterling Winthrop Inc
Bayer AG
Sterling
Sprint Corp
Sprint
San Francisco
National Labor Relations Board
la Conexion Familiar
Stocks of local interest watch for complete market wrapup
Local readers are told to watch for the complete market wrapup in Saturday's Journal-World. The note emphasizes stocks of local interest and signals a forthcoming in-depth financial roundup.
MENTIONED IN THIS ARTICLE
Journal-World
Midland elevator bids and livestock market quotes across regions
Market notes show Midland elevator prices for wheat 3.85 corn 2.20 milo 3.57 soybeans 5.50 while Tuesday livestock quotations cover hogs and sows at various weights with steady to mixed changes. Cattle and calves see steady demand with slaughter steers and heifers active and prices around 64 to 65 dollars for 1100 to 1300 pound steers. Nonferrous metals in New York list aluminum copper lead zinc and precious metals with mixed bid levels and standard quotes.
MENTIONED IN THIS ARTICLE
Midland
Omaha
Ineb
USDA
Dodge City
Kansas
Bratiana
Foreign exchange rates from Commerce Bank of KC
Commerce Bank of Kansas City NA provides interbank rates as of this morning. Retail rates may differ per currency unit. For more information and additional rates call (800) 892 7100.
MENTIONED IN THIS ARTICLE
Commerce Bank of
Kansas City
U.S
Commerce Bank
Firm finds bar code niche in lower cost printers
Eltron International Inc a Chatsworth California based maker of smaller affordable bar code printers found a niche by underselling rivals. The firm targets medical shipping retail and industrial markets with six models priced 695 to 1995 and expanded staff to 100 plus.
MENTIONED IN THIS ARTICLE
California
Los Angeles
United Parcel Service
Mayo Clinic
Minnesota
Eltron International Inc
Chatsworth
U.S
Eltron
Donald Skinner
Skinner
Marc Regberg
Venture Development
Also Mentioned on This Page
David Thurber
Associated Press
AlliedSig
Office Depot
O'Reilly Auto
Buckle Inc
Payless
Cameo
IC Penney
Casey's
Pepsico
Quaker
Fleming
Sallie Mae
Santa Fe
Ealrigh
Goodyear
Sears Aim
Hercules
Kmart
Wal-Mart
Western Res
Mercantile
Willams
Merck
D, Jones & Co
Omaha Livestock
St. Joseph
New York
London
Handy & Harman
N.Y
France
Germany
Great Britain
Mexico
Switzerland
Walter Hamilton
Los Angeles Daily News
Massachusetts
ALLS
New Hampshire
Lawrence
Bult
Tan
Tory
Gray
Salmon
Cheng
Orchid
Strong
Iowa
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