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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 14, 1996

Page

8

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.

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.

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.

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.

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.

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.

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.

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.

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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