Earnings pre announcements chill investors worldwide
Investors fear upcoming quarterly earnings warnings as Southeast Asian recession and Latin American instability weigh on overseas sales. Dow industrials slide, with Coca-Cola, Ericsson, JPMorgan, Merck, and Union Carbide warning of weaker results, signaling tougher 1999 outlook amid a volatile market.
MENTIONED IN THIS ARTICLE
Southeast Asia
Latin America
Bob Dickey
Coca-Cola Co
LM Ericsson AB
J.P. Morgan
Asia
Japan
Brazil
Dow
Getting Rich in America Book Aimed at General Readers
New York AP describes a publicized study by professors Dwight Lee and Richard McKenzie arguing wealth in America is a matter of choice. The discussion highlights compound interest, impatience, and a thought experiment comparing a billionaire payoff to a penny-per-week doubling plan, illustrating long term wealth growth.
MENTIONED IN THIS ARTICLE
New York
America
Dwight Lee
Richard McKenzie
Lee
University of Georgia
McKenzie
University of California
L L Bean charts new course amid red hot catalog競tion
Freeport Maine AP Leon Gorman head of L L Bean faces fierce catalog competition as mail campaigns flood homes With plans for a new Freeport Studio line for working women and more stores including a 24 hour flagship and a Kids store the company shifts from selling steak to selling the sizzle after sales growth cooled in 1995
MENTIONED IN THIS ARTICLE
L.L. Bean
Freeport, Maine
Leon Gorman
Leon Leonwood Bean
Gorman
Ken Gassman
Davenport & Co
Richmond
Freeport
L.L. Bean Kids Store
LL. Bean
Bruce Bishop
Chronicle
Company
Morton's steaks lead as chain grows worldwide
Morton's, the Chicago steakhouse opened in 1978, has grown to 42 restaurants worldwide and positions itself as a venue for major business meals with high prices. Founder duo Annie Morton and Klaus Fritsch built a brand known for prime aged beef, consistent menus, and formal service.
MENTIONED IN THIS ARTICLE
Chicago
Morton’s of
Morton’s
Morton's
Allen Bernstein
Bernstein
Wendy's
Morton
Fritsch
Quantum Restaurant Group
Morton’s Restaurant Group
U.S
Dow Based Stock-Pick Rules Spark Debate
The piece surveys Dow 10 and its variants including O'Higgins new bond-timing approach and the Foolish Four by the Gardner brothers. It notes performance history from 1952 to 1998, 1997 and late 1998 results, and discusses tax and transaction costs of unit trusts. It cites Barron’s critique and hints at timing signals from gold prices directing shifts between bonds and stocks.
MENTIONED IN THIS ARTICLE
Michael O'Higgins
O'Higgins
Treasury
Kenneth Lee
Lee
Dow
Merrill Lynch & Co
Nike Securities, Inc
James O'Shaughnessy
Standard & Poor
S&p
O’higgins
Tom and
David Gardner
Motley Fool
America
Gardners
Higgins
Barron’s
Also Mentioned on This Page
Daii Rauscher Wessels
Minneapolis
Max Jacobsen
Los Angeles Times
Singapore
Canada
Allen Berstein
Morton's of
K. Glassman
The
Washington Post
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