Greenspan marks decade as Fed chair amid strong economy
Greenspan reaches ten years as Federal Reserve chair as inflation remains subdued and growth accelerates. Analysts caution the Fed to tighten before inflation reappears, while stock markets rally past 8000 with concerns over asset-price inflation and past policy missteps. External voices urge vigilance ahead of late year meetings.
MENTIONED IN THIS ARTICLE
Washington
Alan Greenspan
Federal Reserve
Fed
David Wyss
DRE McGraw Hill Inc
Greenspan
Lyle Gramley
Fed Board
LNB Bancorp profits rise in second quarter
Lorain National Bank parent LNB Bancorp posts a 10 percent rise in profits for the second quarter with six month earnings of 3.1 million, up from 2.8 million a year earlier. Net loans grow 9.1 percent. deposits up 7.5 percent. assets increase 7.7 percent. Main office at 457 Broadway Lorain with 17 branches including two in Elyria.
MENTIONED IN THIS ARTICLE
Lorain
LNB Bancorp Inc
Lorain National Bank
Broadway
IBM profit rise boosts profits and revenues in Q2
IBM reported a 74 percent rise in second quarter profits and a 238 percent increase in revenues as demand for computer services parts and business PCs offset weakness in mainframe machines. IBM earned 145 billion dollars or 146 per share for the quarter ended June 30, up from 185 bullion or 1.26 per share the year before. Boeing profits fall amid production push and merger with McDonnell Douglas. Disney buys Mammoth Records to bolster music unit, bringing in founder Jay Fawes and acts like Squirrel Nut Zippers whose gold album Hot echoes big band sound.
MENTIONED IN THIS ARTICLE
New York
IBM Corp
IBM
Seattle
Boeing Co
Boeing
McDonnell Douglas
Burbank
Calif
Walt Disney Co
Mammoth Records
Carrboro
N.C
McDonald’s tests fast tech to speed meals in Colorado
McDonald’s tests a new computer driven system at 64 restaurants including Colorado Springs to speed orders and improve freshness. Fries and drinks are prepared by machines while other steps cut time for staff. Customers may get free meals if orders run slow.
MENTIONED IN THIS ARTICLE
Colorado Springs
Colo
McDonalds
Laura Stoeber
Steve Bigari
Pueblo
Shreveport
Columbus
Ohio
Grand Rapids
Mich
San Diego
Bigari
Opening Stocks Report Paragraph From Market Page
Market page notes opening stocks figures with multiple securities including pari tat a oy een 217400 and 214900, with values 142M and 200100 and 205 percent. Additional items show 218400, 448800, 37400, and 271500 with 26 percent.
First Union to Acquire Signet Banking in 3.25B Stock Deal
First Union Corp to buy Signet Banking Corp for about 3.25 billion in stock. The merger would create Virginia’s largest bank and the region’s second largest. Signet shareholders receive 0.55 First Union shares per Signet share, valuing at 53.59 a share with a 46 percent premium.
MENTIONED IN THIS ARTICLE
First Union
Signet Bank
New York
First Union Corp
Signet Banking Corp
Virginia
Richmond
Das
Sizhet
COOST
Charlotte
N.C
Connecticut
Florida
Signet
Signet Common Stock
Friay
Also Mentioned on This Page
Congress
U.S
Reagan
Sung Won Sohn
Norwest Corp
Minneapolis
Treasury
Robert Rubin
LNB Bancorp
Disney
Rite Aid Drug Store Company
South
Rite Aid
Washington, D.C
K&b Services
New Orleans
Harco Inc
Tuscaloosa
Ala
McDonald’s
Wendy’s
Burger King
Oak Brook
Alan
Secuntes
Providec
Aegon USA
Sac
NASD
SIPC
Allied Corporation
Alttel
American Greetings
Bob Evans Farm Cedar Far Centenor
Chrysler CoBancorpinc
Columbia Gas
CVS
Emerson Englehard FirstMent
Ford General Motorscon Goodrich Guest Supply Hills Dept
Invacare
K 'C
Lear Seating
LNB Bancorp LA Lesco Inc. Limited
Mid-Am Inc, Ison
Northern Savings
Ohio Edison P.N.C
Parker Hannifin R.P.M. Inc
Royal Appliance
Sherwin Wiliams Smuckers
Sima Stenstone Medical
Yor
Internatonal
York
NYSE
Santa Ave
AMD
Aad
Mia Ibd
Nokia
Issay
Cate
Owens
Ralcorp
Reebok
Royus Lie
DuPont
Enron
Exron
Ford
Mito
Hewitt
API
Amy Kranz
First Union Bors
First Union Corporation
Signet Banking Corporation
Signet Banking
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