Light Ground Station Module Joint STARS Debuts
The U.S. Army and Motorola unveiled the Light Ground Station Module Joint STARS in Scottsdale to give ground commanders a real time battlefield view. The mobile ground station works with overhead radar aircraft satellites and drones to track moving targets. Motorola notes this is the lightest ground station yet and mounts on a special chassis for mobility. Arizona earns praise for child care progress in Working Mothers survey. The state improved training and referral services aiding 12 400 children in 14 months and features the Success by Six program for at risk four year olds. Ambassador Factors bought by Greyhound Financial in cash transforming Fleet Financial’s commercial finance unit into an asset base of 2.8 billion at year end 1993.
MENTIONED IN THIS ARTICLE
U.S. Army
Motorola
Scottsdale
Government
Systems Technology Group
Arizona
Working Mothers Magazine
Judson Culbreth
Working Mothers
Children’s Action Alliance
Ambassador Factors
Greyhound Financial Corp
GFC Financial Corp
Fleet Financial Group Inc
Ambassador
Sam Eichenfield
GFC Financial
Treasury bill rates rise to 14-month high in auctions
In Monday's issue the Treasury sold 12.2 billion in three month bills at 3.28 percent, up from 3.24. Six month bills 12.3 billion at 3.43 percent, up from 3.40. The three month rate highest since 3.29 on Dec 7 1992. six month highest since 3.46 on Nov 30 1992. Valley hospitals buy Paradise Valley Hospital and Healthwest Medical Center in Phoenix. Total about 1,500 workers. No layoffs expected says Healthwest spokesman Dan Richards.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Valley Hospitals
Paradise Valley Hospital
Healthwest Regional Medical Center
Phoenix
Columbia
HCA Healthcare Corp
Columbia Healthcare Corp
Louisville
HCA — Hospital Corp. of America
Nashville
Dan Richards
Healthwest
House votes to restore 1 percent tax collection credit
The Arizona House approved HB 2357 to let collectors of sales or severance taxes keep 1 percent, capped at 10000 dollars annually, as a collection cost credit. Critics warn the rule benefits larger entities and reduces the coming budget surplus, with SB 1098 awaiting Senate action.
MENTIONED IN THIS ARTICLE
House
State
House of Representatives
Bill McGibbon
Green Valley
Bruce Babbitt
Babbitt
McGibbon
George Cunningham
Tucson
MicroAge Leads Bank Automation Across 269 Branches
First Interstate Bank taps MicroAge to automate 269 branches in six Western states including Arizona. The $28.2 million project runs through September 1995 with 4445 Compaq PCs and 18 vendors coordinating from Tempe. The system aims to speed services, reduce wait times, and enable at home banking via PCs in the future.
MENTIONED IN THIS ARTICLE
First Interstate Bank
MicroAge
Arizona
William S. Randall
First Interstate Bank of Arizona
Randall
Jeffrey McKeever
Tempe
First Interstate
Mesa
McKeever
Compaq
Rating Bond Mutual Funds Signals Investment Risk
Standard & Poor's has begun rating bond mutual funds to measure default and market risk. Initial 19 funds rated with plans for about 150 by March, joining Fitch whose few rated funds rise slowly. Ratings range from aaa for safest to bb for higher risk. even aaa Treasury funds can lose value when rates rise. S&P offers a free guide via call or mail for detailed explanations.
MENTIONED IN THIS ARTICLE
Standard & Poor’s
Fitch Investors Service
Fitch
AAA
Treasury
Treasury Fund
S&p
Standard & Poor
P.O
Trenton
Viacom Wins Bid to Acquire Paramount for 9.75 Billion
Viacom Inc confirmed it has surpassed the 50.1 percent threshold to acquire Paramount Communications Inc in a five month bidding fight with QVC Network. The deal values Paramount at about 9.75 billion dollars, roughly 80.61 dollars per share in cash and stock, with Paramount shareholders receiving 107 dollars per share for 50.1 percent.
MENTIONED IN THIS ARTICLE
New York
Viacom Inc
Paramount Communications Inc
Viacom
Paramount
QVC Network Inc
Paramount Pictures
Simon & Schuster
New York Rangers
New York Knicks
QVC
Arizona
Sumner Redstone
Barry Diller
Diller
Martin Davis
Cox
Advance
BellSouth
Comcast
Nynex
Blockbuster
January shows best Arizona economy in eight months
The January performance of Arizona’s economy marked an eight month high as payrolls stopped shrinking and new orders plus production rose. Managers noted higher prices, signaling possible inflation as the Fed may raise rates to curb further price hikes and avert an economic downturn.
MENTIONED IN THIS ARTICLE
Arizona
Purchasing Management Association of Arizona
Harold Fearon
Center For Advanced Purchasing Studies
Arizona State University
Federal Reserve
Fearon
Tng
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Senate Finance Committee
1St Interstate
Dave Dutton
Dave Cruz
Tribune
Jane Bryant Quinn
Money Matters
The
New York Times
Dow Jones
Ste
Nyse Index
NYSE
ParamtCom
Columbia Hca
Merck
WMX Tech
S&p 500
QTC
U.S
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