April 25, 1995 |
Orange County's dwindling savings and loan industry, pushing low-starting adjustable rate mortgages while interest rates in general rose last year, needed its two biggest thrifts to help it record combined annual earnings of $240.6 million. Without American Savings Bank in Irvine and Household Bank in Newport Beach, the county's 11 other S&Ls would have posted a combined loss of $10 million last year.
March 7, 1995 |
Americans filing 1994 returns face significantly changed tax rules this year because of congressional actions taken in 1993. More middle-income seniors will pay more tax on Social Security benefits. Low-income individuals and families will qualify for bigger tax breaks. Business people will find it harder to write off the cost of meals and moving to chase a job.
CALIFORNIA | LOCAL
March 3, 1995 |
For the first time since officials began keeping records four years ago, Jews were targeted in more hate crimes and hate-related incidents in 1994 than any other group in Orange County, according to a report released Thursday. Overall, the number of reported incidents against all groups increased only slightly from 1993 to 1994. But the number of times in which there was a Jewish victim rose dramatically from 31 to 53, according to the Orange County Human Relations Commission study.
January 31, 1995 |
Japan's vehicle exports in 1994 plunged to the lowest level in 17 years, hit by appreciation of the yen and growing production at the overseas plants of Japanese auto makers, officials said Monday. The Japan Automobile Manufacturers' Assn. said vehicle exports fell 11.1% from a year earlier to 4.46 million in calendar 1994, the ninth-straight year of decline.
January 30, 1995 |
The mouse is roaring again on Wall Street. Troubled by its faltering image with investors after a series of setbacks last year, Walt Disney Co. invited nearly 200 analysts and money managers to Los Angeles late last week to hear a powerful message: Don't underestimate this $11-billion company's potential. Disney's bold presentation, punctuated by a surprisingly strong fourth-quarter earnings report issued late Thursday, had the desired effect.
January 25, 1995 |
Let's say your stock or bond mutual fund had a bad year in 1994. Was it bad enough to warrant your fund manager's resignation? In the normally genteel mutual fund business, forced resignations and outright firings of portfolio managers have been a rarity over the past decade. But in the wake of the performance egg the industry collectively laid last year, job security may no longer be such a sure thing.
January 6, 1995 |
Under the assumption that it helps to talk about it when misfortune strikes your life, here's what 1994 was like for millions of bond mutual fund owners: * Government and corporate bond funds posted a negative "total return" of 3.3% on average, as a plunge in bond principal values more than offset the funds' interest earnings for the year, according to fund tracker Lipper Analytical Services.
January 4, 1995 |
Wall Street's classic growth stocks retook market leadership in 1994 from traditional value stocks, and many investment pros insist that growth will win again in 1995. The problem: There's plenty of disagreement over what constitutes a true growth stock these days. The basic description of a growth company is one whose earnings growth is above average and fairly predictable.
January 3, 1995 |
EUROPE Hope Flickers in Bosnia: While 1994 began with a few glimmers of hope for the Balkans, they quickly proved illusory and, month after month, the war that has taken at least 200,000 lives continued its deadly trampling of peoples, principles and alliances. When an artillery shell smashed into a crowded public market in Sarajevo on Feb. 5, killing 68 people, it spurred an outraged world into action.
January 2, 1995 |
It could have been a lot worse. That may be the best mind-set for stock mutual fund investors to adopt in reviewing 1994 fund performance--and in adjusting your portfolio for '95. Yes, 1994 was the worst fund year since 1990. Still, the average general U.S. stock fund lost only 1.6%, according to fund-tracker Lipper Analytical Services; with global and "specialty" funds included, the average loss was 2.3%.