Steinhardt underinvested in equities in 1983 market run
Cautious investor Steinhardt, famed for big gains in prior years, underweighted stocks in fiscal 1983, citing overvaluation of equities and risk. His Steinhardt Partners fund rose 42 percent, led by short selling and bonds, while the S P 500 gained 43.7 percent.
MENTIONED IN THIS ARTICLE
Wall Street
Steinhardt
Steinhardt Partners
Standard & Poor
inves_ intie
Steinhardt Fund
Marc Howard
Howard
Franklin founder aims to mint software with Software Digest
Joseph Segel, founder of the Franklin Mint, plans a new venture in computers via Software Digest a $10 magazine with a slip out computer program disc. He targets simple user friendly tools for business users with plans for letter writing and later loan and mortgage programs while noting a crowded market and his past hit or miss ventures.
MENTIONED IN THIS ARTICLE
Merion, Pa
Joseph Segel
Franklin Mint
Segel
Yeadon
Software Digest
National Geographic
Kenya
Presidential Airways
Cincinnati Firm Fined 3 Million in Air Force Spare Parts Case
A Cincinnati area compressor maker, Davey Compressor Co. of Blue Ash, pled guilty to inflating prices charged to the Air Force between 1978 and 1982. The firm was fined 3 million dollars, including 1.704 million for overcharges and additional penalties, plus 250 thousand in a civil suit. A former executive, John Falso, admitted falsifying prices and faces potential prison and fines. Government officials warned Ohio businesses about government dealings while permitting Davey to continue contracting.
MENTIONED IN THIS ARTICLE
Cincinnati
U.S. Air Force
Defense Department
Davey Compressor Co
Blue Ash
U.S. District Court
Ohio
John D. Falso
United States
U.S
Christopher
Baldwin United posts $661 million first-half loss
Baldwin United Corp reports a net loss of $661.7 million for the six months ending June 30, with no revenues reported yet for the period. The Cincinnati insurer and financial services firm filed for Chapter 11 bankruptcy on Sept. 25.
MENTIONED IN THIS ARTICLE
Baldwin
Cincinnati
Baldwin United Corp
Baldwin United
Insuance
Siegfried
Also Mentioned on This Page
Chronicle- Telegram
Business News
Franklin
Michael Roddy
Associated Press
Warner Communications
Cincy
Air Force
Barnes
Davey
Davey Compressor
Iday
EBB
St, RY
Ohio Turnpike
Elyria
Grant Botkins
Elyria Gea
Hairpecalists, Inc
Iene
Cihumavtilsey Cinemsl SS
James A. Microp
Corrett
Albert Opal
Aro
James Berarbucci
Mid-Ohio Securities Corp
Manues Nasiés
Feizer
Bead Sr
Byria
O. Cleveland
Parker-Hannifin
Gerse
Honeywell
Geisel
Lorain
Reces
W. Broad ST
Elyria Line
Eats
Orne Herd
Peyrol
Sveryons
Microsoft Corp
Midway
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