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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 25, 1996
Page
11
Dear Bruce offers tips to LC on learning about investments using newspapers magazines and libraries plus seminars. The Reader questions joint income mortgage affordability. Bruce warns threefold debt is risky and advises delaying large housing and suggests future options and contact info for Smart Money guidance.
Maryland will require insurers to cover at least 48 hours of hospitalization after routine deliveries starting January 1998. Mothers increasingly stay longer, hospital wards expand, readmissions fall, and debates about costs and care innovation continue across insurers, employers, and hospitals.
James F. Kidd, Lorain National Bank president and COO, named chairman for the Second Harvest Food Bank three county capital campaign aiming to raise 750000. Ralph Fifield leads Lorain County efforts. George Mayer and Robert Cox chair Erie County. Food Bank plans a North Coast Industrial Park warehouse to ease space and storage needs, distributing 2.1 million pounds of food for about 30000 meals monthly. kickoff set for Nov. 20.
AT&T told 3.3 million shareholders that third and fourth quarter earnings will likely be as much as 10 percent below expectations due to fierce competition. Chairman Robert E. Allen warned pressure would continue. The stock fell about 9 percent to 52.12, as AT&T unveiled a new 15 cent per minute flat rate long distance plan. Sprint is cited as a challenger with 19 cent rates, though AT&T claims superiority.
Early quotes show grain and metal prices with corn, wheat, oats, and soybeans listed. Major metals on COMEX and Mercantile prices reflect slight shifts in gold, silver, platinum, palladium, copper, lead, zinc, tin, and mercury, with per unit figures varied across commodities.
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