Northern Savings Q1 income dips as rates rise
Northern Savings & Loan reports first quarter 1995 income of 3.7 million, down from 4.2 million a year earlier. Net income per share fell to 1.58 from 2.37, while book value per share rose to 71.57 from 63.15. President Neal Hubbard says the drop reflects a policy to protect income in rising rate periods.
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Elyria
Northern Savings & Loan Co
Neal Hubbard
New York
Dow
New York Stock Exchange
Haan Ovar
Wolks
David Shulman
Salomon Brothers Inc
Treasury
Mexico
Japan
U.S
Goodyear posts record first quarter sales and income
Goodyear Tire & Rubber Co reports net income of 116 million dollars or 77 cents a share on sales of 2.91 billion in the first three months of 1994, with nearly 8 percent more tires sold worldwide compared to a year earlier.
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AKRON
Goodyear Tire & Rubber Co
Goodyear
Cleveland
National City Corp
Edward Brandon
Board of Directors
Mr. Coffee Inc
Mr. Coffee
Merger creates world’s largest physical commodities exchange
New York’s NYMEX and COMEX votes merge to form a single giant exchange for energy and metals pending approval by the Commodity Futures Trading Commission. The move promises cost efficiency and new trading facilities, while the combined entity would rank as the world’s fourth largest.
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NEW York
New York Mercantile Exchange
The
Commodity Exchange Inc
Commodity Futures Trading Commission
NYMEX
COMEX
Combined Exchange
Wall Street risk alarms from Kaufman and Wornflower
Henry Kaufman and Albert Wornflower warned of looming market upheaval within two to five years. They cited rising rates, mutual fund growth, derivatives expansion, and high octane speculation as key risks, warning regulators struggle across borders. They urged awareness of new financial risks and the potential for sharper downturns as averages fall below cost.
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New York
Dr. Death
Dr. Doom
Wall Street
Henry Kaufman
Albert M. Wornflower
CS First Boston Investment Management Corp
Kaufman and
Wornflower
Pierre Hotel
CS First Boston
Washington
Kaufman
Toyota to pay 250000 fine for delayed recall
Toyota Motor Corp agrees to a 250000 civil penalty under a consent decree spanning 38500 Land Cruisers from 1981 to 1989 over fuel tank leak recalls. The company denies knowing of the defect years before owners were notified.
MENTIONED IN THIS ARTICLE
Washington
Toyota Motor Corp
National Highway Traffic Safety Administration
Real estate sales rebound after winter declines
The National Association of Realtors reports March sales at 4.06 million in annualized terms, up from February’s 3.04 million, with only the Northeast lagging. Economists cite adverse weather easing and deferred winter demand as the pullback ends.
MENTIONED IN THIS ARTICLE
Northeast
John A. Tuccillo
National Association of Realtors
The
Association
Markets Close Wednesday in Honor of Nixon Funeral
Most U S markets will close Wednesday to honor late President Richard Nixon. The New York Stock Exchange and American Stock Exchange will not open, and NASD trading systems will close completely. The Chicago Board of Trade and the Chicago Board Options Exchange also planned closures.
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New York Stock Exchange
Richard M. Nixon
Clinton
New York
U.S
Richard Nixon
Yorba Linda
Calif
American Stock Exchange
National Association of Securites Dealers
Chicago Board of Trade
Chicago Board Options Exchange
Creston Livestock Auction Totals Head and Prices
Creston Livestock Auction consignments include calves at 100 to 130 dollars for choice, hogs at 43 to 44.75, cattle with steers 71 to 75.75, cows 46 to 54, and various feeders and crossbreds. Total consignments: 279 head of cattle and 701 total head.
MENTIONED IN THIS ARTICLE
Creston
County Grain Prices Reported for Local Cooperative
Loran County farm cooperative market closed with mixed grain values. Prices include shelled wheat at 281, oats at 255, corn 1.00 and soybeans 651 per bushel.
MENTIONED IN THIS ARTICLE
Loran County Farm Bursay
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