June 11, 1989 |
Smog in the San Joaquin Valley's citrus belt may be reducing yields of Valencia oranges by as much as 25%, according to a UC Riverside researcher. The ozone component of smog is most damaging to orange trees, which spend more energy fighting ozone and less energy producing fruit during photosynthesis, according to David Olszyk, UC Riverside physiologist. "What we found out is that trees are not able to set as many fruit, and you get fewer oranges per tree," Olszyk said. "To the degree you clean the air, you increase yield.
April 9, 2008 |
Lured by good, if not great, tax-free interest rates, individual investors Tuesday snapped up nearly half of California's offering of $1.75 billion in municipal bonds. Treasurer Bill Lockyer's office said individuals, via brokerages, had put in orders for $824 million of the bonds. The demand led Lockyer to cut short a planned two-day retail order period for the securities. The state said it would take orders from small investors only through noon today instead of through 5 p.m., and only for two bond issues, one maturing 14 years from now and the other in 30 years.
June 29, 1989
Treasury Notes Fall: Yields on four-year Treasury notes fell at auction to the lowest level in 15 months. The average yield was 8.19%, down from 9.70% at the last comparable auction on March 29. It was the lowest rate since four-year notes averaged 7.90% on March 24, 1988. The notes will carry a coupon rate of 8.125%, with each $10,000 in face value selling for $9,978.20. A total of $7.53 billion in notes were sold out of bids totaling $20.34 billion.
April 26, 1992
I have been reading with great interest the series on the evolving economic concerns at the Marina. It would be very interesting to understand how Stephen Dietrich has arrived at this conclusion that " . . . a fair annual return for an owner of a good parcel of commercial real estate is 8% to 9% of the value of the land" (April 14). Currently Lincoln Boulevard owners, adjacent to and in the immediate Marina vicinity, would be very satisfied with ground leases yielding less than 7%. Historically, ground leases in the Marina area have generated yields in the 7% to 8% range; this return has diminished in concert with the current economy.
August 20, 2008 |
All the talk in the credit markets this week is that another big bomb is about to go off in the financial system. That helped pull the stock market down Tuesday for a second session, led (again) by bank and brokerage stocks. What kind of financial-system bomb? That's the problem: The fear is very generic, not specific. Notably, these jitters intensified last week, even before a weekend article in Barron's that effectively dug the grave for the common stocks of mortgage financiers Fannie Mae and Freddie Mac. Because their shares crashed on the article, Fannie and Freddie don't seem to fill the bill as looming market surprises, although they're adding to the heightened state of concern.
April 17, 2012 |
Even Apple Inc. needs a rest sometimes. The technology behemoth suffered its fifth-straight losing session Monday, the first time it has endured that fate since early October. On a bad day for tech stocks but a solid one for the rest of the market, Apple fell $25.10, or 4.2%, to $580.13. It's now down 8.8% from its record close above $636 a week ago. That contrasted with the Dow Jones industrial average, which rebounded from its worst week of the year. Paced by better-than-expected retail sales, the blue-chip index rose 71.82 points, or 0.6%, to 12,921.41.
November 9, 1999 |
Stocks ended mixed on Monday, as trading in software giant Microsoft dominated the day's action. The Nasdaq composite surged to a new high as many of Microsoft's rivals gained in the wake of a federal judge's finding Friday that the company exercises monopoly power in key markets. The index zoomed 41.68 points, or 1.3%, to 3,143.97, its seventh consecutive record high. But the Dow Jones industrials--which now include Microsoft as a member--added just 14.37 points to 10,718.
October 16, 2013 |
NEW YORK -- Stocks rallied and bond yields eased as Washington edged closer to defusing its latest fiscal crisis and averting a default on U.S. debt. Major U.S. stock indexes gained 1% as Congress appeared poised to pass a Senate-led compromise that would raise the United States' borrowing authority and reopen the federal government. The Dow Jones industrial average surged 205.82 points, or 1.4%, to close at 15,373.83. The broader Standard & Poor's 500 index gained 23.48 points, or 1.4%, to 1,721.54.