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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 13, 1998
Page
10
Dear Bruce explains the reality behind “too good to be true” airline sales. Quick action and flexible plans help, with many sub fares on one flight. A reader raises a venture capital scam. caution against nonrefundable or refundable fees.
Early quotations supplied by Aion Investment Securities through Walnut Street Securities, Inc NASD SIPC AISG. Percent figures appear for Allied, American Greetings, Bob Evans Farms, Chrysler, Emerson, Ford, General Motors, NCR, Parker Hannifin, RPM, USX and others. Manager notes and names seem partially garbled, with several company spellings distorted or incomplete.
Internet stocks soared and collapsed over a week as investors debated true value. Amazon and Yahoo drew high marks while Lycos and Excite showed volatility amid profit fears, with Yahoo’s looming profits and a hefty P E compared to legacy media giants highlighting market optimism and risk.
Factional fighting within the Teamsters delays voting on Anheuser-Busch contract terms for about 8,000 members including Columbus. Some locals sought to halt or reassess the process amid new offers by AB chairman August Busch III and chief negotiator, delaying tally to July 30 and risking court action if unresolved.
Moscow reports IMF bailout talks near completion with a range of 10 to 15 billion dollars, contingent on Russia's parliament approving fiscal measures including unpopular tax rises. Seoul reports mass protests in Korea against restructuring as labor groups launch a broad nationwide strike. St Louis reports TWA pilots negotiating a four year contract with pay raises. Hong Kong cargo operations partially resume after glitches, with plans for eight daily departures and use of Macau and Shenzhen airports for cargo.
Opening stocks show scattered activity across major tickers with several names prominent on volume. Listings include AMD AnTouch AmExp Amoco and ChaseMs among many others, with varied volumes and notable price movements across sectors.
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