Greenspan faces Senate hearing amid rate cut suspense
Fed Chief Alan Greenspan, awaiting confirmation for a third term, hints at possible rate trimming to boost growth. Analysts say recent strong data reduce immediate cut odds, with meetings slated for May and July and GAO urging tighter Fed spending scrutiny.
MENTIONED IN THIS ARTICLE
Federal Open Market Committee
Central Bank
Fed
Marilyn Schaja
Donaldson, Lufkin & Jenrette
New York
David Wyss
DRI McGraw Hill
Lexington
Mass
Greenspan
GAO
Bert Ely
Discovery Zone I seeks Chapter 11 to close stores
Discovery Zone filed for Chapter 11 bankruptcy protection in Fort Lauderdale, planning to close about 60 of its 293 stores and renegotiate leases. The company will seek court approval to reject up to 30 leases and plans further closings, while continuing operations with 200 or fewer company owned locations and 10 franchises. It reports liabilities of 366.2 million and assets of 1644 million with 10,000 employees.
MENTIONED IN THIS ARTICLE
Fort Lauderdale
Fla
Discovery Zone
Douglas Barber
Discov
Amherst
N.Y
Lordstown UAW Official Eyes Five Day Strike Vote
A Lordstown UAW official said a decision by next week on asking the local to authorize a five day strike notice is expected. GM'sLordstown plant, still ramping up after an 18 day UAW strike at Dayton plants, aims to resume production Wednesday on Chevrolet Cavaliers and Pontiac Sunfires.
MENTIONED IN THIS ARTICLE
Lordstown
United Auto Workers
General Motors Corp
Dayton
Treasury Bills Fall in Monday Auction Rates
The Treasury sold 13.6 billion in three month bills at a 4.99 percent discount, down from 5.02. Another 13.5 billion in six month bills went at 4.97 percent, down from 5.06. The implied yields are 5.12 percent for the three month bill and 5.17 percent for the six month bill with $10,000 and $9,748.70 prices respectively.
MENTIONED IN THIS ARTICLE
Treasury Department
Grain prices from Loran County Farm Bureau market
Local grain at yesterday's close shows wheat at 4.48 dollars per bushel, shelled corn 3.90, nuts 2.08, and soybeans 6.97 per bushel. Prices reflect farming community benchmarks reported by the County Farm Bureau Cooperative Association in nc.
MENTIONED IN THIS ARTICLE
Loran County Farm Bureau Cooperative Associaton
Geon to supply vinyl for Habitat for Humanity project
Avon Lake Geon Co partners with other vinyl firms to donate at least 100000 dollars in vinyl building materials for a 24 home Habitat for Humanity project in Cleveland during the 1996 Bicentennial. Materials include siding flooring windows and PVC pipe.
MENTIONED IN THIS ARTICLE
Avon Lake
the Geon Co
Greater Cleveland
Habitat For Humanity Group
Cleveland
Geon
Habitat For Humanity
Jimmy Carter
Los Ange
U S beef near record near record projections
U S beef production in Q1 almost reached a record though the year may end below the 1976 peak of 6.49 billion dollars. Cattle slaughter is down 18 percent from 1976 while dressed carcass weight rose 110 pounds over two decades. First quarter steer prices averaged about eight dollars below 1995 levels. Seasonal production gains could push prices lower in late summer. Favorable forage and lower grain prices may keep herd near last year, while bad weather could lift cow slaughter.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Social Security Panel Pushes Stock Investment Plan
An 18 member Social Security Advisory Council proposes allowing limited stock market investment for the system for the first time. They favor index funds and a government appointed panel to decide amounts and funds while balancing risk and minimizing interference.
MENTIONED IN THIS ARTICLE
Washington
Edith Fierst
Social Security Advisory Council
Senate Finance
Fierst
U.S. Treasury
Senate
Council
Social Security Administration
Creston Livestock Auction Tops 788 Head Sold
Creston auction drew 246 consignors selling 788 livestock Monday. Hog offerings ranged 47 to 52.75 dollars for top butcher hogs with sows 32 to 40 and boars 30 to 31. No feeder pigs reported. Veal calves totaled 61 choice head at 66 to 85 dollars. Utilities 40 to 50, Good 50 to 60, Cull cattle 40 and down. Bulls 70 to 94 and heifers 70 to 125 returning to the farm.
MENTIONED IN THIS ARTICLE
NEW York
Eaxon
Philtar PharUps
AZ AR
Tech Satie Save Sr Praxair
Babe
Seagate
le BeliSos
Cecetip
Chevron
Gryaie i
Bayer Va Lilyens
Boya BS
Bayi
Bay Fe
Texaco
Texinst
Medratt
Unocal
Gorningin
Motorola
WalMart
Nokia
Creston
Also Mentioned on This Page
Greenspan OK
Federal Reserve
Alan Greenspan
Senate Banking Committee
Knight-Ridder Newspapers
Ery Zone
Florida
Centers
Biead
Treasury
Les
William F. Patient
CEQ
Habitat
U.S
Ida
Wayne Dowdy
Regis
Texas and Southwestern Cattle Raisers Association
Austin
Texas
Gov
Peeree
Goodrich
Akin Investment Hanson
Hills Dept
Aegon USA Securities, Inc
Invacare
NASD
SIPC
Lear
LNB Bancorp
Acme Cleve
Allied Corporation
Lesco Inc
Alltel
Mid-Am. Inc
American Greetings
Nordson
Cedar Fair
Northern Savings Stow Ohio Edison
Centerior
Chrysler
P.N.C. Corp
CoBancorp Inc
Parker Hannifin
Columbia Gas
Mie Royal Appliance
CPC Inter. Inc
Sherwin Williams
Eaton Corp
Bie
Smuckers
SJMA
Emerson
Va Sunrise Medical
Texas Utilities
Engiehard
T.rw
Ford
USX General Motors
Woolworth FW
Geon Otm
York International Sts
Creston Livestock
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