Apple sales stall in Japan amid high prices and pesticide fears
In Tokyo authorities report U.S. apple imports dropped to 803 tons for the December 1995 to March period, far below last season’s 2,497 tons, as Japanese consumers favor Fuji and perceive American fruit as costly and unsafe. Retailers cite high prices and taste differences, with Jusco and other shops halting U.S. apple sales.
MENTIONED IN THIS ARTICLE
U.S
Japan
Tokyo
Finance Ministry
Jimmy Uehara
Washington Apple Commission
Washington State
Daiei
United States
Atsushi Yamashiro
Jusco
Yamashiro
Treasury auctions show steady short term rates
Washington AP reports that Monday's Treasury sale kept rates unchanged from last week with 13.6 billion tied to three month bills at 5.02 percent and 13.7 billion in six month bills at 5.14 percent. The three month rate sits at the highest since 5.03 percent on April 8.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Frederick FHBBA to Meet May 15 on Asset Management
The Frederick Home-Based Business Association will meet from 7 to 9 pm on Wednesday May 15 at the Frederick Community College Career and Technology Center. David Fite will discuss asset management and investor considerations. Call Leslie Barkley at 694-0337 for details.
MENTIONED IN THIS ARTICLE
Frederick Home-Based Business Association
Frederick Community College Career and Technology Center
Frederick
David Fite
Leslie Barkley
Guilty plea by Giag Fasteners owner in military contract case
Joseph Prussia owner of Giag Fasteners Inc in Fairlawn New Jersey pleaded guilty to defrauding the government by selling fasteners to military contractors that met only commercial specs. Frederick Manufacturing Division of SFA Inc was among buyers. The Justice Department said many shipments lacked notice to contractors that substandard fasteners were sent under military contracts in an nationwide probe involving NASA in Maryland.
MENTIONED IN THIS ARTICLE
Joseph Prussia
Giag Fasteners Inc
Fairlawn
Frederick Manufacturing Division
SFA Inc
U.S. Department of Justice
National Aeronautics and Space Administration
Maryland
Banks fail to warn customers on mutual funds risks
FDIC survey finds one quarter of banks do not inform buyers that mutual funds and non insured investments lack federal deposit insurance. Only 46 percent told customers by phone that Wall Street investments lack FDIC protection. The study highlights industry shortfalls amid rising sales of mutual funds in banks.
MENTIONED IN THIS ARTICLE
Washington
Federal Deposit Insurance Corp
FDIC
Wall Street
Ricki Helfer
American Bankers
Banks urged to better inform customers on uninsured investments
FDIC survey faulted for weak design but finds banks must improve disclosures of risks in non insured products. Consumers Union and American Bankers Association executives weigh in as regulators revisit 1994 guidelines while banks boost training. Survey of 1,000 banks across 7,800 calls notes gradual progress with near universal directing customers to trained investment staff.
MENTIONED IN THIS ARTICLE
Mary Griffin
Consumers Union
FDIC
Ms. Griffin
Sarah A. Miller
American Bankers Association
Ms. Miller
Market Trends Inc
Bellevue
Wash
Prophet Market Research
San Francisco
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