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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 21, 1998
Page
8
A reader asks about military retirement and future security. Bruce advises a Roth IRA as the best tax free growth path for a 33 year old with 14 years to retirement, while cautioning against a mixed term insurance investment plan. He expects SS to persist and suggests second employment after 20 years of service.
Ohio farmers face abundant harvests and early readiness but prices for corn soybeans and other crops are among the lowest in eight years. Analysts say farmers may struggle to cover farm and home costs even with record U S soybean and large corn crops this fall. Experts note low interest costs help some producers weather the downturn while farmers consider consolidation and tighter budgets.
Tourists kept away despite sunny weather and a strong economy along Lake Erie's coast. Hotels and restaurants in the Cleveland to Toledo corridor report average seasons, blaming a GM strike and bridge construction for fewer visitors to Cedar Point, the islands, and beaches. Local park and inn operators note mixed turnout despite good conditions.
Early price quotes show AGCO AT&T AbiLabs AberFitch Accustit AMO AsTouch Alcatal Allstates AmExp DowDuPont Exxon Ford General Electric Hewlett Packard Motorola MBNA Mattel Sears Tyco. Active names include AT&T AmExp Exxon Ford, with prices and daily changes listed across many issues.
Lockheed Martin to acquire Comsat Corp in a 2.7 billion transaction merging satellite manufacturing and services. Lockheed pays 1.8 billion cash for 49 percent and 1.4 billion in stock, contingent on congressional changes to ownership rules. Executives foresee no layoffs as Comsat and Lockheed integrate across global operations.
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