Inflation jitters rise as capacity use hits five-year high
Wall Street faces renewed worry that the U.S. economy may strain its productive capacity as Fed figures show capacity utilization at 84.7 percent in August, up from July. Analysts caution that the 85 percent threshold does not reliably predict inflation, citing historical data and global production shifts.
MENTIONED IN THIS ARTICLE
Wall Street
U.S
Federal Reserve Board
Fed
Robert Brusca
Nikko Securities Co. International Inc
Richard Hakenson
Donaldson Lufkin & Jenrette
David Resler
Nomura Securities International Inc
Stephen Roach
Morgan Stanley & Co
SEC Proposes Risks Disclosure for Mutual Fund Sponsors
The Securities and Exchange Commission urges sponsors of derivative investments to disclose risk levels to shareholders for the first time. It calls for quantifying risk and tighter limits on illiquid portfolio investments to curb rising risk in mutual fund portfolios. The proposals, potentially actioning without new laws, target specific fund practices.
MENTIONED IN THIS ARTICLE
The
Securities and Exchange Commission
Washington
Commission
Derivatives Risk Gauges Fund Protection Issues
Derivatives risk measures such as duration standard deviation and beta highlight investor protection concerns as funds use leveraged or tied assets. The SEC has confirmed that speculative use by some funds raises significant issues. Paine Webber's misrepresentation of a government fund led to an 88 million bailout and a further 160 million pledge. Derivatives tie value to underlying assets and can increase risk rather than reduce it.
MENTIONED IN THIS ARTICLE
SEC
House Securities Subcommittee
Edward J. Markey
D-Mass
Markey
Jack Fields
Texas
Commission
Treasury
Paine Webber
U.S
Drug firms press FDA for over the counter sales
A surge in activity sees at least seven large pharmaceutical companies seeking FDA approval to sell nonprescription versions of major drugs. The plan targets drugs with expired patents to beat price cuts, with an advisory panel already backing conditional approval for two heartburn medicines Tagamet and Pepcid. Additional OTC applications include products from Johnson & Johnson Upjohn Wellcome Holdings Glaxo and Marion Merrell Dow, plus Nicorettes from Marion Merrell Dow. Some 16 OTC drugs are awaiting approval, a process that can take years.
MENTIONED IN THIS ARTICLE
Food and Drug Administration
SmithKline Beecham
Merck & Co
Johnson & Johnson
Upjohn and
Wellcome Holdings
Glaxo Holdings
Marion Merrell Dow
Stocks of local interest watch for market wrapup
Local investors are urged to watch for the complete market wrapup in Saturday journal world.
MENTIONED IN THIS ARTICLE
Journal-World
Midland and St Joseph Markets Report Prices and Quotes
Morning price survey shows wheat at 3.92 com, corn 2.07 milo 3.30 and soybeans 5.27. Omaha livestock quotes list hogs active and steady to higher, cattle and calves steady, slaughter stock range mostly in the 45 to 66 dollar per hundredweight band, with feeder pig auction expected 800 head. St Joseph prices mirror firm hogs, sows weak, steers and heifers steady with mixed lots around 66 to 67 dollars, and nonferrous metals and precious metals trading with copper around 1.32 and gold near 395.80. Rates from Commerce Bank of KC provided as of 8 am today.
MENTIONED IN THIS ARTICLE
Midland
Omassa
New
Uspa
Omaha
Midwest Graphics to Move to New 800 North Hampshire
Midwest Graphics plans to relocate next month to 800 N Hampshire in a 13 000 square foot building bought by company president Larry Sinks to expand his T shirt printing business. The move follows a 5 100 square foot operation at 500 E 23rd and aims for full operations by Oct 10 with the former Premiere Inc site now available.
MENTIONED IN THIS ARTICLE
Midwest Graphics
N.H
Larry Sinks
Sinks
Eighth and
New Hampshire
Premiere Inc
Del
Premiere
UAW Walks Out At GM Buick City Complex
Reuters and Farmland share 50 percent in MCG, an LLC. United Auto Workers strike at General Motors Buick City after failed talks over staff size and workloads. Deadline was 10 a.m. with no immediate talks scheduled. More than 11,000 workers produce Buicks and Oldsmobiles, with potential plant shutdowns and ripple effects to other GM operations.
MENTIONED IN THIS ARTICLE
United Auto Workers
General Motors Corp
Buick City
UAW
Kathy Tanner
NLRB cites Rhodes Heating and Roofing for unfair labor practices
The National Labor Relations Board ruled Rhodes Heating and Roofing Co of Lawrence violated the NLRA by failing to contribute to the union health and welfare fund pension fund vacation fund United Way and apprentice fund for November and December 1993 and by not remitting deducted union dues. The company did not respond to the complaint or contest the allegations. It was ordered to pay the funds plus interest and post notice of compliance with the 1993 1996 bargaining agreement.
MENTIONED IN THIS ARTICLE
Lawrence Heating and
National Labor Relations Board
NLRB
Rhodes Heating and Roofing Co
United Union of Roofers, Waterproofers and Allied Workers
Rhodes
David Kendrick
Health and Welfare Fund
Local Pension Fund
National Ension Fund
Vacation Fund
United Way and
Apprentice Fund
Lawrence Company
Nlrb General Counsel
Also Mentioned on This Page
Rosert
D. Hershey Jr
N.Y. Times News Service
FDA
Ae Anary
Chageigh
Chage Ye
Wee
NPC
Intnat
Ta Allieds
Applebee’s
O'Reilly Auto
Buckle Inc
Camco Intatl
Ic Penney
Pepsico
Casey's Ries “Va
Quaker
CommBancsh
Dayton-Hud
Sallie Mae
Flamingo
Omaha Livestock
St. Joseph
St. Joseri
Dodge City Livestock
Kansas
Slaughter Helfers
London
Comex
Handy & Harman
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Mibic
Tai
Baldwin's and
Oben Piano & Organs
Keys TO
Earle Lc
Baldwin
Save
OREAN
West
27Th St
Lawrence
America
Midwest
Reuters America Inc
Farmland Industries Inc
Market Communications Group LLC
MarketPulse
Marketpro
Reuters
Farmland
MCG
Hedges
Hedges Real Estate
Army National Guard Armory
Iowa
Baskin
Robbin
Lawrence Memorial Hospital
Topeka
Blood Bank
Gine
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