BRIEFCASE Rate Up For Savings Bonds To 4.7 Percent
The Treasury Department announced a six month rate of 4.7 percent for Series EE savings bonds, effective Sunday through October 31. The yield upon redemption after five years will be the higher of the average semiannual rate or the guaranteed minimum. Since March 1, 1993, EE bonds redeeming within five years carry a minimum 4 percent. The new rate equals 85 percent of the five year remaining Treasury yield.
MENTIONED IN THIS ARTICLE
U.S
Treasury Department
Treasury Securities
Treasury Short-Term Bills Rise to Two-Year High
The Treasury Department sold 11.4 billion in three month bills at an average discount rate of 4 percent, up from 3.85 percent. It also sold 11.5 billion in six month bills at an average discount rate of 4.41 percent, up from 4.25 percent. The three month rate is the highest since March 30 1992 and the six month rate the highest since November 25 1991.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Treasury bonds slip as dollar weakens and rates rise
Treasury prices fell and yields climbed amid a weaker dollar and signs of strengthening U S inflation. The 30 year bond slid to about face value with yields around 7.36 percent midday, up from 7.30 percent on Friday, as forex markets pressured the dollar to an eight month low near 101 80 yen in Tokyo.
MENTIONED IN THIS ARTICLE
Treasury
U.S
Tokyo
Motorola Army contract awarded for Gator and Rockeye systems
The Motorola Government and Systems Technology Group in Scottsdale won a $43.8 million U.S. Army contract to produce Gator and Rockeye weapons systems. All work will be performed at Motorola facilities under the agreement announced by Sen. Dennis DeConcini.
MENTIONED IN THIS ARTICLE
Motorola Government and Systems Technology Group
Scottsdale
U.S. Army
Dennis DeConcini
D-Ariz
McDonnell Douglas Leads Pentagon Contracts in 1993
McDonnell Douglas Corp headed Pentagon prime contracts in fiscal 1993 for the second year. The Defense Department reported $123.7 billion in prime awards, up $2.3 billion from 1992, with the top 100 firms and subsidiaries totaling $76.1 billion. St. Louis based McDonnell Douglas, maker of the F-18 Hornet and F-15, secured about $2.1 billion, with Loral $1.7 billion and Grumman $1.7 billion following.
MENTIONED IN THIS ARTICLE
McDonnell Douglas Corp
Pentagon
Defense Department
Manufacturing upturn edges April gains in industry survey
April survey shows 17 of 20 manufacturing industries improving, marking the strongest upswing since last year. Economists see hiring rising for the year ahead, with defense firms trimming while others add permanent staff to meet demand. Prices continued to rise but slower than prior months.
MENTIONED IN THIS ARTICLE
Gos Org
Eadag
Aontitivesent
Labor Department
Nance
Ee Ss
Kathleen Stephansen
Donaldson, Lufkin & Jenrette Securities Corp
New York
Raymond Worseck
A.G. Edwards & Inc
St. Louis
Worseck
Companies face wrongful termination risk in discipline practices
survey shows one third of firms direct discipline through immediate supervisors and over 25 percent lack formal policies. Among those with rules, 11 percent do not require written warnings or notices, leaving employees unaware of issues until termination. Arizona Employers' Council offers workshops on discipline and discharge beginning this month. contact Healy at 258-2681 for details.
MENTIONED IN THIS ARTICLE
Arizona Employers’ Council Inc
Healy
Canadians sign contract with Motorola for Iridium antennas
Com Dev of Cambridge Ontario says it secured a 40 million dollar contract from Motorola Satellite Communications in Chandler to manufacture Ka Band antennas for the Iridium global satellite network. The system will enable satellite to satellite and satellite to ground communications with Earth-based telephones. Iridium aims to deploy 125 satellites over eight years and link to cellular networks.
MENTIONED IN THIS ARTICLE
Motorola
Com Dev
Motorola Satellite Communications Division
Chandler
Iridium
ComDev
Cambridge
Ontario
Iridium Inc
Debtors Brace for Higher Costs as Fed Rate Hikes Continue
The Fed has raised short term rates three times since February to 3.75 percent with calls for another rise above 4 percent. Mortgage costs rise as 30 year loans move from about 7 percent to 8.5 percent with points, while 15 year loans near 8 percent. ARMs look attractive when first year rates drop.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
America
Jane Bryant Quinn Money Matters Rates and ARM tips
Jane Bryant Quinn Money Matters notes ARM loans run at 5.5 percent or 4.8 percent with two points in Butler New Jersey. Rates float from year two, about 2.75 points above one year Treasuries. ARMs limit annual rises to 2 percentage points and 5 to 6 points lifetime. Wait to refinance into fixed rate until inflation fears ease. Fixed rates may drop with Fed action, enabling home equity borrowing. Closed end loans lock rates. open end loans differ.
MENTIONED IN THIS ARTICLE
HSH Associates
Butler
N.J
Fed
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Army
McDonnell
Purchasing Managers’ Index
ahSho
Asondjf
the Associated Press
The
Associated Press
Ok Annes Moras Tongue
Theries International Airport
Jane Bryant Quinn
Money Matters
Pease
Quinn
Iauea
Nyse Index
S&p
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