Greenspan backs S and L conversion plan
Federal Reserve Chair Alan Greenspan endorsed a bill to merge savings and loan associations into commercial banks, signaling the end of a 62 year old specialized housing finance system. The move aims for a single charter by 1997 with thrift mergers by 1998, as the Senate and House pursue the end of the thrift charter amid declining thrift mortgage share.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Alan Greenspan
United States’ Savings and Loan Associations
Greenspan
Subcommittee On Financial Institutions
House Banking Committee
Senate Bank
Wireless PCS system coming fast
ORLANDO Florida by year end the Washington Baltimore area will see PCS or personal communications services a hopped up cellular system Major U S cities will have PCS networks by 1996 The trade show at Orange County Convention Center features Nokia model 2190 which supports calls text in three languages and storage Data can be stored or transmitted Some phones require a smart card card contains the owner account information The card makes any phone the owner’s device when inserted it rings with the owner’s number and airtime is billed accordingly
MENTIONED IN THIS ARTICLE
Orlando
Fla
Washington- Baltimore
U.S
Orange County Convention Center
PSC
Nokia
Finland
Fragmented product list and brands across pesticides and cosmetics
A garbled catalog of brands and products appears, naming Procter & Gamble Colgate Kellman Lysol Reckitt Colman Monsanto Trader Joe s Herbal Flea Collar for Cats and Dogs and many others. It references cleaners toothpaste cosmetics and lawn weed killers with scattered company names and generic items. The text ends with vague notes about later pesticides.
MENTIONED IN THIS ARTICLE
Trader Joe's
Time Warner to Buy Turner Broadcasting in $7.5 Billion Deal
Time Warner Inc. agrees to acquire Ted Turner's Turner Broadcasting System for stock valued at about 7.5 billion dollars in a deal that places Time Warner as the world’s largest media company. Regulators and shareholders must still approve.
MENTIONED IN THIS ARTICLE
New York
Time Warner Inc
Ted Turner
Time Warner
Time
Turner Broadcasting System Inc
Cable News Network
Cartoon Network
Gerald Levin
No Increase in Unit Labor Costs Sparks Economic Reassessment
The Labor Department reports no rise in unit labor costs over four quarters, the first such 30 year gap with unemployment under 6 percent. Analysts like Bruce Steinberg say productivity may have shifted and wage pressure could remain muted, signaling possible structural changes in the economy.
MENTIONED IN THIS ARTICLE
Bruce Steinberg
Merril Lynch & Co
New York
Nasdaq boards weak as traders seize control study says
A Rudman panel report finds the Nasdaq market is run by a powerful trading committee of 18 large firms, not by the NASD board or Nasdaq itself. It urges separating Nasdaq market operation from NASD regulation amid criticism and investigations of price fairness.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers
Tee
Warren Rudman
Geveral
Rudman
Lorain County Farm Bureau bids at market close
The Lorain County Farm Bureau Cooperative Association Inc posted yesterday’s market bids with wheat at 4.22 per bushel shelled corn at 2.88 per bushel soybeans at 6.21 per bushel and notes on prices.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperate Association Inc
Ipent Gram
Metal prices New York closing summary
New York metal markets closed with Comex and Merc prices showing gains. Gold traded near 386.10 per ounce, silver 5.48 per ounce, platinum 423.80, palladium 1359.5 per ounce, aluminum 87.6 cents, copper 1.34 per pound, lead 0.44, zinc 46.98 to 53.20 cents, tin 422.95 per 100 pounds, and mercury 2.50 per 76 pounds.
MENTIONED IN THIS ARTICLE
New York
Shrinking dollar and rising deficit analysis
The report notes a shrinking dollar while the U S trade deficit has risen. It discusses price impacts and deficit trends, highlighting changes in goods affordability and the dollar’s value in relation to trade figures.
MENTIONED IN THIS ARTICLE
U.S
Kidron Livestock Auction Results Reported
Consignments at Kidron Auction include 533 hogs 210-230 lbs price $44.50, feeder pigs under 40 lbs and up to 44-50 lbs $18.50-$34.50, bred sows and gifts not listed, calves $60-$102.50, cows and bulls priced from $23 to $46.75, market lambs 90-125 lbs $55-$70, goats $10-$90, cows and-herers priced $850-$1,360 and bulls up to $46.75.
MENTIONED IN THIS ARTICLE
Kidron
Fender
Also Mentioned on This Page
S&l
Robert A
Los Angeles Times
Louis Nevins
Western League of Savings Institutions
Los Ange
Capitol Hill
House
Orlando Sentinel
CME Sl
Oscar Meyer
Borden
Johnson & Johnson
Gores
Procter & Gamble
Penisustanus
Ajax
Zud Hea’ Cleanser
Kil Colman
Lysol
Reet & Colmana
Zodiac
Sandoz Agro & Ortho
Monsanto Co
Horizon
Ase Atatch, Johnson
Brome 'S of
Maine
Igor Botanic, Schwarzkopf, Inc
Loganna Henna
Black Natur Kodmetik, Gmbh
Germany
Comat Cleanser
Comet Cleanser, Procter & Gamible
Alnwick
Reckitt & Colman
Knight Ridder Tiby
Ngton
Turner
Time Magazine
Madonna
HBO
Levin
John Malone
Tele-Communications Inc
TCI
Malone
Ted Ture
Labor Department
Federal Reserve
Clinton
Gering
Fed
Verry Knight
Wastraton
Dwdsc
Dettadir
Pierre RL Smith Co
At&t
DuPont
Ns Patroc
Elsagb
Va Quakro
American Greetings Akoss
Cedar Fair
Bate Qte
SrePes Io
Saxavet Ive
SicaGpn Banee
Emerson Tt BankAm
TY Smic Ag
Gtrbasa Gehear i Ba. T1399 26% Sbve 3854 GouthaCo 122 6729 Ae 21% 21% Englehard
Baxter
Guat
SouPack
Sh Ford
StorTen
General Motors
HmeDep Tbs
LNB Bancorp
Saath Lesco Inc
Bae
MiAm. Inc
E-Ia
Sbih
Weigel
Nordson
Motorola
Conrail
Norther Savings
Nabasit
Ohio Edison
Parker Hannifin
Reliance Elect
Royal
Sherwin Williams Smuckers
SJMA
Sunrse Medical
Texas Utililies
T.R.W
USX
Woolworth
F.W
York Internatanal
Commerce Department
Kidron Livestock
Bay
Chronicle-Telegram
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