Stocks keep rising as 1995 gains push 1996 higher
After a late pullback, major indices stay near record levels with the S&P 500 up 7.2 percent since January and the Dow up 9.5 percent. Analysts note eight prior years with 25 percent plus S&P gains, with six continuing higher the next year, while fund inflows fuel further buying despite some caution about high prices.
MENTIONED IN THIS ARTICLE
Standard & Poor
U.S
S&p
Women owned firms drive U S economy across sectors
A U S Commerce Department snapshot shows women own a growing share of retail and service firms with $1.6 trillion in revenues and 13.2 million workers. The report highlights economic impact amid focus on entrepreneurship and policy implications.
MENTIONED IN THIS ARTICLE
Washington, D.C
U.S
United States Department of Commerce
Johnson & Johnson Plans Renova Anti-Wrinkle Cream Rollout
Johnson and Johnson will begin marketing its Renova anti-wrinkle cream this week. It is the first anti-wrinkle cream approved by the U.S. Food and Drug Administration.
MENTIONED IN THIS ARTICLE
Johnson & Johnson
Renova
Food and Drug Administration
BP Posts Fourth Quarter Loss After Refinery Sale Charges
BP reported a 268 million dollar loss in the fourth quarter after a special charge to cover losses on two refinery sales Lavera France and Lima Ohio. Revenue rose to 14.56 billion with exploration profits offset by lower costs and better finding success.
MENTIONED IN THIS ARTICLE
Cleveland (Ap
British Petroleum Co
Lavera
France
Lima
Ohio
Clinton touts economy gains and deficit plan
President Clinton sent an election year economic report to Congress asserting his policies built a strong economy with low recession risk. He cites nearly 8 million jobs created since taking office, a drop in the misery index, and a forecast of 2.2 percent growth in 1995 while stressing balanced budgets and limited government.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Congress
President’s Council of Economic Advisers
Salary and benefits rise only 2.8 percent in private sector
The Labor Department reports private sector salaries up 2.8 percent and benefits costs up 2.7 percent for the year, the smallest rise since 1960. Analysts say the restrained labor costs suggest inflation will stay subdued, with consumer prices up 2.5 percent in 1995.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bruce Steinberg
Merrill Lynch & Co
New York
Berkshire Hathaway to issue new shares at lower price
Warren Buffett said Berkshire Hathaway will sell a new class B stock to the public for at least 100 million dollars. The class B shares will cost about one thousand dollars each, far cheaper than the existing shares near thirty two thousand dollars. The plan follows his admission that the stock may be too pricey for new investors. The offering would occur shortly after the May 6 annual meeting.
MENTIONED IN THIS ARTICLE
NEW York
Warren Buffett
Berkshire Hathaway
New York Stock Exchange
Washington Post
Berkshire Hathaway Inc
Closing Stocks and Commodities Report From New York
AP reports yesterday's closing prices on the Comex and Merc markets with metals such as gold at 403.00 per troy ounce and silver at 57.06 per ounce, platinum 420.10, palladium 142.00, and nonferrous metals including aluminum 0.730 per pound copper 1.1460, zinc 0.5152, tin 4.1703 per pound, plus Mercury 2.50 per 76 pounds. Agricultural prices show wheat 4.62, shelled corn 3.63, oats 2.00, soybeans 6.93 per bushel.
MENTIONED IN THIS ARTICLE
New York
Comex
DuPont
NYSE
Enron
AMR
Pierre A. Smith
AMD
Aled Corporation
Allstate Bf
ASA
Chrysler
Bancora
Eine
ST Sbfet Ve
SkSoat
CoBancorp Inc
Columbia Gas
Bamckg
Baxter
Ioike Ve Grace
CPC Inter. Inc. Bellas
Gielever
Sf SrelGk
Eae Ben Eaton Corp
Bie BenEya
Zia
General Motors
Goadneh 14S Corp
Gorningin
Hills Dept
Ieee
Deeres
LilyEl's
Sige Pig Ae Ao Mh Lear Seatng Cettari Ieee Ih
Umieya
Briz ‘Ie
LNB Bancorp
Lowes
Walvert
Lagco Inc
Disney
Barre _Baee
Mic-Am. Inc
Nordson Crear
Mas
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Chuck Scarborough
Steve Forbes
Wnbc-Tv
WNBC
American Whst Mutual
Dreyfiseil Puritan
Mic Ny Mlice
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The
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Sjma Shenmn Willams
Sunnsa Medical
Texas Atilines
TRW
USX
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