Florida bars 90 day home insurance cancellations
Florida Insurance Commissioner Tom Gallagher barred insurers from canceling or non renewing homeowners policies for 90 days to ease a Andrew driven crisis. The move aims to pressure a legislative package including an insurance catastrophe pool to fund claims and help avoid insolvency while the hurricane season looms.
MENTIONED IN THIS ARTICLE
Tallahassee
Fla
Tom Gallagher
Gallagher
Clearwater
Plantation
Lawton Chiles
Florida
Allstate Insurance
Allstate
Gallagher and Company
Leslie Chapman
Andrew
Gold shines as investors flood gold mutual funds
New York reports a boom in gold investments as fears of inflation rise. Gold climbs above 372 an ounce with hundreds of millions poured into gold mutual funds led by Vanguard. Analysts warn of volatility and classify gold as speculative, urging limited exposure while noting geopolitical and economic factors boosting demand in China, India, and beyond.
MENTIONED IN THIS ARTICLE
Commodity Exchange
New York
Vanguard
GTE to Sell 500000 Lines in Nine States for 1.1B
GTE Corp to sell 500000 telephone lines in nine states for 1.1 billion to Citizens Utilities Co. of Stamford. The deal reduces GTE lines by about 48 percent, cutting service from 16.6 million to 16.0 million lines across 27 states. Analysts call it modestly positive while debt remains elevated.
MENTIONED IN THIS ARTICLE
Dallas
GTE Corp
Connecticut
GTE
Irving
Montana
New York
Tennessee
Utah
West Virginia
Arizona
California
Idaho
Oregon
Citizens Utilities Co
Stamford
Centel Corp
GTH
Duff & Phelps Inc
John Culver
MarketBase Inc
New York Comex metal prices close mixed on metals trade
AP reports yesterday closing prices for nonferrous metals with GOLD at 373.70 per troy ounce and PLATINUM at 365.60, SILVER 4.524 per troy ounce, PALLADIUM 118.30, COPPER 0.8040 per pound, LEAD 0.32, ZINC 0.48 to 0.51, TIN 3.7002, and MERCURY 205-210 per 76-pound flask, with spot and composite readings.
MENTIONED IN THIS ARTICLE
New York
Dow closes at 3500 as short squeeze spurs rally
The Dow Jones Industrial Average surged 55 points to 3500 amid a broad short covering and index arbitrage program. Traders cited bond bottoms and gold peaks, with volatility seen in futures and talk that notable players like George Soros were moving back into stocks and bonds.
MENTIONED IN THIS ARTICLE
New York
Dow
U.S. Treasury
U.S
George Soros
Dow Jones Hits New Highs as Yields Climb on Trade Gap
U.S. stocks faced pressure as Dow Jones reached highs and yields rose to 7.057 percent amid a weak March trade gap report. Imports jumped 9.7 percent to a record 49.203 billion while exports rose 5.6 percent. By midafternoon bonds recovered, turning higher and hinting at a bond market turn, with short-sellers covering amid the rally.
MENTIONED IN THIS ARTICLE
New York
U.S
Farm bureau bids and trade gap report
Lorain County Farm Bureau Cooperative Association Inc lists closing bids: wheat 281, shelled corn 2.16, oats 150, soybeans 578 per bushel. In Washington, the U S merchandise trade deficit rose to 10.2 billion in March, the largest in about four years, due to higher imports of foreign oil autos clothing and VCRs.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association. Inc
Focal Grain
Washington
U.S
Also Mentioned on This Page
South
Afica
Black Feader
Chris Hani
Pene
Age Inc
John Kenni
Fort Lauderdale
oan-Sentinel
Karen Chandler
Sam Miller
The
Florida Insurance News Service
Miller
Jonathan Pond
Pond
William O'Neill
Merrill Lynch
Russia
Bosnia
O'Neill
China
Bette Raptodoulos
Prudential Securities
India
Shas
AMR Corp
Robert L. Crandall
American Airlines
New England
Georgia
Kansas
Va Kmart
Weber
Marton
Swat
Metora
Disney
Exxon
Hills Dept
Pierre R. Smith Co
Invacare
LNB Bancorp
Acme Cleve
LTV Allied Corporation
Lesco Inc
Alltel
Mi-Am, Inc
AmerShip
Cedar Fair Northam Savings Center
Ohio Edison
CoBancorp Inc
P.N.C. Corp
CPC Inter. Inc
Parker Hannifin
Emerson
Smuckers
American Whal Mutual
Bay
Fidello Puritan
Macs-Fin
Dow Jones
Pote
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