Arizona firms awarded loans for restaurant expansions
Two Arizona companies receive 713000 in Small Business Administration expansion loans expected to create over 50 jobs. Scottsdale based First Watch of Arizona gets 419000 for a new third restaurant at 4422 N 75th St with 83800 equity and National Bank of Arizona as lender. KFC of Bullhead City secures 441667 expansion loan with 123000 equity and Caliber Bank as lender. Loans approved by Arizona Enterprise Development Corp a nonprofit.
MENTIONED IN THIS ARTICLE
Arizona
First Watch of
N. 75Th St
National Bank of Arizona
KFC
Bullhead City
Caliber Bank
Arizona Enterprise Development Corp
Republic Financial Corp Opens Southwest Office in Valley
Republic Financial Corp a Denver based firm opens a Southwest regional office at 4350 E Camelback Road James Foley director of marketing pursues equipment leasing and project refinancing deals from 2 million to 100 million in the Western U S RFC also acquires equipment lease and loan portfolios
MENTIONED IN THIS ARTICLE
Republic Financial Corp
Denver
James Foley
U.S
RFC
E. Camelback Road
State Fund Declares Record $35 Million Dividend
The State Compensation Fund in Arizona, the largest workers compensation writer, has announced a record $35 million dividend for policyholders. The payout, the fund's biggest in 25 years, reflects fewer claims and strong medical cost containment and return-to-work programs. Since 1969, the fund has paid over $405 million in dividends, with payments set to begin in April 1994.
MENTIONED IN THIS ARTICLE
Arizona
Treasury short term notes rise in auction rates
Interest rates on three month and six month Treasury bills moved higher in Monday's auction. The Treasury sold 12.6 billion in three month bills at 3.61 percent discount, up from 3.57 percent, and 12.8 billion in six month bills at 3.90 percent, up from 3.85 percent, the highest in almost two years.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Corporate giving plateaus amid tepid 1993 gains
The text notes charitable contributions by corporations rose only slightly in 1993 with little rise anticipated for 1994. It contrasts this with profits at 4,000 major U.S. publicly listed companies, which climbed about 19.3 percent, mentioning Pereesdees and the FRED.
MENTIONED IN THIS ARTICLE
U.S
Pereesdees
FRED
RNA
Unclear fragment references deficit, goods, services shifts
The text appears as garbled data about a US surplus or deficit, noting a $76.8 deficit including services and a $132.5 deficit for goods, with services representing a portion of output in 1980. Names and clear entities are not legible.
MENTIONED IN THIS ARTICLE
Gace Saverysees Spero
Fed seen ready to push rates higher after talks
The Associated Press reports that four days after meeting with President Clinton, Fed Chair Greenspan is set to convene the FOMC to vote on another rate hike. Economists and markets fear higher rates could lift long term borrowing costs, with 30 year mortgages surging above 7 percent and questions arising about inflation. Clinton says inflation signs remain limited and further tightening unnecessary.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Federal Reserve
Alan Greenspan
Bruce Steinberg
Merrill Lynch & Co
Federal Open Market Committee
Fed
Greenspan
Houston
White House
Open Market Committee
Banks poised to raise the prime lending rate this week
Banks plan to lift the prime lending rate from 6 percent, the highest since 1961 64, as the Fed pushes up short term rates. Forecasters expect a rise to 6.25 or 6.5 percent, boosting home equity and credit card rates while savers gain little. Banks may earn more on new loans but resist higher deposit costs.
MENTIONED IN THIS ARTICLE
Federal Reserve
Banks Eyeing Rate Hike Could Lift Prime Lending Rate
The funds rate is the rate banks charge each other for overnight loans, and analysts warn a further increase may prompt banks to lift the prime rate. The current prime rate stands at 6.
Water Mart expands as franchise program grows nationwide
Chandler firm Water Mart reports rapid growth after franchising 47 stores across six states and signing Texas and Florida deals. The company sells bottled water for a quarter and 300 related products with low startup costs and a $10,000 franchise fee. Water Mart cites high quality purification and aims for 2,000 stores by 2000.
MENTIONED IN THIS ARTICLE
Chandler
Water Mart
Harry McKee
Julia
Arizona
California
Nevada
North Carolina
South Carolina
Georgia
Texas
Florida
U.S
McKee
McKees
Water Quality Association
IRA fees fade as banks drop charges for IRAs
A 1993 survey by The IRA Reporter shows 72 percent of 25 banks waive annual IRA fees, up from 40 percent in 1992, while brokerages and insurers vary from no fees to 50 dollars. Self directed IRAs at discount brokers offer tax sheltered buying and selling with low minimums and monthly payment options.
MENTIONED IN THIS ARTICLE
The
IRA Reporter
Life
Fox Allietings
Irs
Charles Schwab
Mutual Funds
Rival plan draws little response from America West
New York money manager Michael Steinhardt raised his bid for America West Airlines to 220 million, matching a rival offer by AmWest Partners. The proposal leaves America West with 65 million debt versus 100 million under AmWest. Board favored AmWest plan. Steinhardt backers seek restructuring under his bid amidst Chapter 11.
MENTIONED IN THIS ARTICLE
New York Money
Michael Steinhardt
America West Airlines
America West
Steinhardt
AmWest Partners
Continental Airlines
Mesa Airlines
Fidelity Investments
Bill Franke
Maurice Myers
Mike Mitchell
Owen Blicksilver
Eeeniaen Saar
the *S
Also Mentioned on This Page
Financial Services Office
Associated Press
Bob Reilly
Tribune
Julia McKee
Gary Battenberg
Jane Bryant Quinn
Money Matters
Fidelity Fund
Fidelity
NYSE
S&p 500
Down Fem
America
Ed Taylor
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