October 19, 1989 |
People trying to do business with the Bay Area faced frustrations Wednesday as Tuesday's earthquake disrupted telephone and computer communication and shipments by truck between that city and the rest of the country. The Pacific Stock Exchange was forced to shut down options trading altogether but continued to trade stock at its floor in downtown Los Angeles. Volume, however, was extraordinarily light.
March 16, 1994 |
Susan Ness, an investment banker specializing in communications companies, was nominated Tuesday by President Clinton to be a member of the Federal Communications Commission. Ness, 45, a communications attorney, was nominated for a Democratic seat on the five-member commission. The seat became available in February when Commissioner Ervin Duggan left to become head of the Public Broadcasting Service.
July 15, 1989 |
Billionaire Jack Kent Cooke on Friday agreed to sell his Woodland Hills-based cable television system with 675,000 subscribers to a consortium of six companies. A similar deal had fallen apart in March. Cooke, whose businesses include the Daily News in Woodland Hills and the Washington Redskins football team, did not reveal the sales price of Cooke CableVision and sister company 1st CableVision. But cable industry analyst Paul Kagan in Carmel said he had heard estimates of $1.
May 15, 1994 |
Q. I have an adjustable-rate mortgage tied to the 11th District cost of funds. I know interest rates have been rising lately, causing a corresponding increase in adjustable mortgage and bank card rates. However, the 11th District cost of funds has not been rising. I even expect my mortgage rate to drop when it is adjusted later this month. What's going on? --M.H. A. You are not alone in wondering about this matter.
August 5, 1989 |
QUESTION: I have an adjustable-rate mortgage tied to the 11th District cost of funds. Recently I have been reading about the drop in interest rates by the big lenders, supposedly causing a corresponding drop in adjustable mortgage rates. However, the 11th District cost of funds has not been declining. Can you explain why?--R. B. ANSWER: You are not the only homeowner wondering about this matter these days.
April 2, 1988 |
QUESTION: I have an adjustable-rate mortgage tied to the 11th District cost of funds. Periodically, I notice that this rate is going up quite rapidly while other rates, including fixed-rate mortgages, are coming down. Why, when long-term rates on T-bills are declining, is the 11th District cost of funds rising? If this continues, it will cost a lot of people, including me, a lot of money since our mortgages are tied to this index.--N. A. ANSWER: Your concerns have a familiar ring.