The Kokomo Tribune from Kokomo, Indiana on April 5, 1992 · Page 20
Get access to this page with a Free Trial
Click to view larger version
April 5, 1992

The Kokomo Tribune from Kokomo, Indiana · Page 20

Publication:
Location:
Kokomo, Indiana
Issue Date:
Sunday, April 5, 1992
Page:
Page 20
Cancel
Start Free Trial

Page 20 article text (OCR)

Business 18 Kokomo (Ind.) Tribune Sunday, April 5, 1992 Business calendar Computers enhance Holmes Friday | Purdue University Krannert ', School of Management Executive ' Forum, with guest speaker Roy S. Roberts, manufacturing manager for General Motors Corp.'s Cadillac Motor Car division, on • "Leadership's Role in Competitiveness," 11:30 a.m. to 12:30 . p.m., Krannert Auditorium, Purdue University, West Lafayette. Free. Call 494-20%. Upcoming Sokomo-IIoward County Chamber of Commerce Positively Kokomo Breakfast, with business sponsor, Ramada Inn, and community sponsor, Howard County Convention & Visitors Commission, and five additional exhibitors; April 15; 6:45 a.m., Ramada Inn; Cost is $7.75 before April 13; $10 after April 13 and for walk-ins. Call 457-5301. Purdue University Krannert School of Management Executive Forum, with guest speaker April 17, n:30a.m. to 12:30 p.m., March 27, Krannert Auditorium, Purdue University, West Lafayette. Free. Call 494-2096. Surviving the Big Boys (Or What to Do When Wal-Mart Comes To Town), seminar sponsored by Kokomo-Howard County Chamber of Commerce and Small Business Development Center of Howard County, with experts on how independent retailers can compete successfully; April 22, 9 to 11:30 a.m.; Chamber offices, 100 North Washington St.; Cost is $15 for members, $20 for non-members. Call 457-5301. (Business calendar items should be addressed to Business Calendar, Kokomo Tribune, :<00 North Union St., Post Office Box !MM4, Kokomo, Ind. 46904-9014, and received no later than the Wednesday preceding the week of the event.) VITAL SIGNS A compendium of fuels and figures of ink-res) to flic U.S. banks & S&Ls Economic indicators Treasury yields U.S. CDytelda Mill \- SmiTtmft lyt. tj Syr! IDyt. 3Q> 8 V \- 7 6 5 4 3 Key Rates Prime rale 6.50% Fed. Funds 3.94% Discount rate 3.50% ' A ' S ' 0 ' N "pT~l ' F J 1 J ' A ' S ' 0 N F'M 1 10% 8 6 4 2 M J J ASONDJFM Reports of a innmifaclurm[> revival in March by purchasing managers in Chicago and Detroit, and a surge in (he Conference Board's consumer confidence index from 47.3 to 54, renewed talk of an end to the recession. The LKAI)IN(i INDICATORS index did something in February that it hadn'tdoncsinccliLslJuly, increase for the second .straight month. The index was revised to reflect a 1.0% gain in January, while preliminary estimates peg Fcbrujiry's upswing at 0.8%. Of the 11 indicators, seven were positive and four were negative. The largest positive contributors were: average workweek, building permits and index of consumer expectations. Some negative contributors were stock prices, mid average weekly initial claims for slate unemployment insurance. PERSONAL INCOME increased by 1.1 % in February, more than reversing the previous month's decline. Per- sonal income was 2.4% above ils level of six months ago and 4.4% above ils ycar-ago level. PERSONAL EXPENDITURES increased for Ilie fourth .straight month in February, rising by 0.9%. Willi the economy struggling out of recession, consumer spending is a healthy 5.3% above its year-ago level. Cmo. lyr. 2yr. 3yr. Syr. 7yr. Klyr. 3()yr. Treasury Yields 4/2/92 ay 3.95 4.19 4.63 5.62 6.29 7.01 7.36 7.54 7.94 3/26/92 3.91 4.35 4.87 5.K5 6.47 7.18 7.3K 7.K2 8.03 Change +0.04 -0.16 -0.24 -0.23 -0.18 -0.17 -0.02 -0.28 -0.09 Bonds and funds growth funil index I.ippcr growth & income fund index Upper hilana'd fund index AA industrial AA Utility bonds Municipal Ixuidx Money market funds Gold Last week 626.01 926.37 718.14 8.79% 9.17% 6.70% 3.68% Silver Last month 632.19 931.17 723.25 8.67% 8.92% 6.64% 3.64% Change -0.98% -0.52% -0.71% +1.38% +2.80% -ffl.90% + 1.10% Index ol leading indicators (1982=100) M » M J J A S 0 N D J F M» M J J * S 0 H 0 J F <(w» I'S Prpf tfCffi«r,>(» li'iffr rVt'ijfpt/If/vrrCijr.' 150 145 140 135 $343.70 peroz. j r j r A T S'o T N T $4.13 per 02. J 1 j 1 Index of leading indicators (% change) ~ jm ~ 11 111 "-Hi"TjI »rf>t-ww^wijw"iMi»i«t-W^*pj reb iO'5% •0.50% •1.00% MAMJJASOHDJFMAMJJASONDJf m/n US ftri e.'rr-n-dif r?if^-t Irv Vip i n tl <<ii (,x: o Foreign exchange (per U.S. $) Apr. 2 Year A«o British Pound 0.55 0.54 Canadians |.23 1.11 French Franc 5.31 5.32 Israeli Shekel 2.10 1.89 Kalian Lira Hdauy 1180.64 (perU.S.$) Apr. 2 Year A«o Japanese Yen 127.55 133.51 Mexican Peso 2865.33 2770.78 Gennmi M.'irk 1.57 1.62 Brazil:Crux.ado 1650.02 n/a Swiss Franc 1,43 \T > -J gjjmerjonjurnemtes from Thomas Cook Currency Services Inc. Personal income ($ trillions) <099(i) MAMJJASONDJFMAUJJASONDJF S«"ft L'S C(J1 rtC.TCI G'ljt I f'» l'f,»M RfJlTI I »V-('J 1.50% r.oo% 0.50% o.wx -050% 1.00% Week ol April 3,1192 S 1,015.85 7 = 77 = . $1,010.29 ^Z2 $1,011.83 $1,010.45 The Great Race »1,OOTOF* "••* ° TC tji^f>a tf 'jf Blue Chip Slock J929.95 itU^M Llpper Mulua ' Funds "' EE U.S. Savings B. Money Market Funds 2-YearT-note 90-Day CD 30-year T-Bond Gold Bullion Platinum $973.60 $944.63 JP~** S ^ ~" $1.047.95 J^JBP $1000 $1100 $1200 f te«enl yilut olJiOOO Irwettmenl mid., mlnui tei .nd commlnloni Jinwr H.B. refecl W.dn»d.y do... OHM Th. M.y«. BcpoH-Chlc.go, "!i lTo EQUITIES' ENERGY EXPIRES Nervous stock playcis yul a jolt limn Japan, when its scandal-ridden Nikkei 225-stnck index dmpped annlliei 4% on Wednesday lo close at ils lowest level since January 1987. Another reason loi ei|iii(y equines to limp can;o I loin London, where an expected Lalior I'aily victory in Kiilam's upcoming national elections sent the IT .M) slock index down 24.f> points. OTC plunged limn sivorul place lo si.vlh and is now the only equity equine ovci bleak evenal $1 ,l)(l|. Blue Chip Stock held on lo seventh place, hut is no longer profitable at .SW. Upper Mutual Funds, last year's darling, is this year's doi-, dropping into dead last at $930. The saver sleeds have now surfaced and are slriiiiiiig llieir modest stuff. EE U.S. Savings Hoiul now has a lum hold on second at $ 1,016, with 2-yearT-nule light on his tail at S 1,01 2. Overshadowed by Iho.slock maikcl's pi-tils was I'lalimiin's progress. Our new leader was propelled into lust plate al $1,048. However this lofty slaliue may be too templing lo investors looking for a quick profit, so expect some selling lo ensue. Simivcs: (iary S. Mcycis it Assin-iak-s. l.i[ JUT Aiulyn.-.il Si-iv» <••,. Si.tnil.inl ,\i IWr's, I'cdrul Kcseivc ll.ur.l (i,,M ,4 Silvc-i: COMIrX. I oiajMi l-xduiu.c' 1110111,15 Cook Currency SCIVKTS n'>| W2 HIP Mi-yci<. Ki-poii i Im-apo, ||| By Larry Blasko Associated Press writer Yo, Watson, check it out I Sherlock Holmes traditionalists may now harumphl with Victorian condemnation, but Sir Arthur Conan Doyle's famous detective has been enhanced by computer- age CD-ROM technology. Compulei ICOM Simulations Inc. of Wheeling, 111., offers Sherlock Holmes, Consulting Detective, an outstanding example of game programming possible with a CD-ROM drive, a sound card and imagination. The $69.95 program for either PC or Mac platforms brings multimedia technology to the Sherlock legend. Holmes and his sidekick Dr. Watson talk to the viewer in full motion and sound video as they work to solve three murder mysteries. On a 20- megahertz-plus IBM PC, it's hard to tell the result from broadcast television. ICOM gets points for absolute ease of use — just put the CD- ROM disk in the drive and you're ready to roll. Unlike multimedia programs based on the Windows interface, this one is self-contain- ed, a self-dubbed "interactive movie." So how does the software play to the Holmes faithful? Son Andrew, a staff writer for the Maneater at the University of Missouri- Columbia and a Holmes reader, took it for a trial spin. His report: "You play detective, with Holmes and Watson guiding. Notebooks are a must, as are thinking, reasoning, deduction and observation skills. At the end of the game, Holmes will tell vou the solution to the mystery ana match his deductive skills against yours, expressed in points. f 'The mysteries are a lot of fun and worthy of Mr. Holmes's attention. These are not simple 'Whodunit' types, but complicated webs of vengeance, crime and other vices loaded will all types of information or leads. The hard part of the game is to find out which leads to follow. "If you follow up a good lead, the rewards are plentiful. Follow the wrong one, and Holmes himself win scold you for wasting his time. "Sherlockian purists will be pleased to find this game is an official product of the Doyle Estate, yet it does take liberties. Holmes concludes every game with 'Elementary, my dear Watson,' but any regular visitor to 221B Raker Street knows Doyle never wrote that phrase. "Some familiar characters such as Inspector Lestrade and Irene Adler are present. Even Sherlock's older brother Mycroft occasionally appears. Notably absent is Professor Moriarty, Sherlock's traditional nemesis. "Forsenic pathologists, crime reporters, public records clerks and even a gossip columnist are available for questioning. And Holmes' personal files are at the player's disposal along with the services of the young gang of eavesdroppers, The Baker Street Irregulars. These sources provide a wealth of information to cases and bring much flavor to the game." Sherlock Holmes, Consulting Detective in the PC version needs a Sound Blaster audio card or compatible, CD-ROM drive, 256- color VGA monitor, mouse, DOS 3.3 or higher and a minimum 12- megahertz speed computer, Intel 80286 or better. For the Mac, it's Mac LC or S reater, 68020 CPU or greater. ystem 6.07 or greater, 32-bit QuickDraw, a 256-color screen, 2 megabytes of RAM and the CD- ROM drive. For more information: ICOM Simulations, Inc., 648 S. Wheeling Rd., Wheeling, 111. 60090. Telephone 1-800-877-4266. Grocery space in high demand Competition for makers of leaner frozen foods increases By Catherine Dressier AP business writer PITTSBURGH (AP) - Companies competing for precious space in the grocery freezer case are offering a dizzying menu of frozen meals and desserts that claim to be healthier than their TV-dinner ancestors. The packages claim the contents are low in fat or salt or cholesterol. Food companies, at the same time, have spiced up their recipes by introducing ethnic fare, or turned to the past with comfort food. Consumers face a mind-boggling selection, and the nutrition claims and ingredient lists on packages can confuse more than assist. "You can't just run through the supermarket anymore and pick off the shelf here and there," said Chris Schmitt, 45, of suburban Pittsburgh. "I stand there with the door open and I'm freezing." The makers of healthy frozen food are spending millions to woo customers like Schmitt in what has become a volatile market: • The best seller, with nearly $96 million in fourth-quarter sales, is Healthy Choice, introduced by ConAgra Inc. in 1989 after the company's chief executive, Charles M. Harper, had a heart attack and changed his own diet. Healthy Choice's 24 entrees have about half the fat of some leading brands. The company targets consumers more worried about nutrition than losing weight. • Stouffer Food Corp.'s Lean Cuisine ranked second in sales, according to Information Resources Inc., a market research firm. Lean Cuisine got leaner last year when the company cut the salt, fat and price of its 40 entrees, advertized as having no more than 300 calories each. • Once the grand dame of diet food, Pittsburgh-based Weight Watchers has lost about $100 million in sales since Healthy Choice debuted, estimated John M. McMillin, a food industry analyst with Prudential Securities Inc. But it is fighting back with a vengeance, and has reformulated recipes to cut fat and salt and introduced new entrees, breakfasts and desserts. The food is being promoted more than ever at weekly Weight Watchers diet meetings attended by about 750,000 Americans. Other established brands have introduced leaner lines, such as Kraft General Foods Inc.'s Budget Gourmet Light and Healthy. And the market has been flooded by new products like Mrs. Paul's Healthy Treasures fish entrees from Campbell Soup Co. and Kraft's Eating Right. The products haven't always turned an instant profit. A year ago, Stouffer discontinued its Right Course line to focus on Lean Cuisine. Other products are likely to disappear as sales fail to justify the expense of developing and promoting them. Last year, companies introduced an astounding 12,398 food products of all kinds, most of them just versions of current brands. Many of them fail. TV dinners have been around for more than a generation, but they really caught on in the 1980s when the number of working women increased dramatically and the microwave oven became a kitchen fixture. The taste and variety of frozen foods has improved. There are low-fat versions of chicken cordon bleu, stuffed pasta shells and shrimp creole. Weight Watchers has introduced sundaes in cups that keep the ice cream frozen while the sauce is heated in the microwave. "They're a lot better than they used to be when mom sat us down in 1968 in front of the Flintstones," said Paula Eastley, 30, of Bakerstown.Pa. Schmitt preferred Weight Watchers until about a year ago, when she noticed Healthy Choice contained less salt. Now she buys Healthy Choice dinners about three times a week. "In six minutes, I can eat. I like that," she said. VER 5AR Y S v\ • I • K We're celebrating our 90th Anniversary with some special savings for you! 30% OFF DRAPERY FABRIC AND LABOR Choose from our special collection of in-stock fabrics (while quantities last.) 40% OFF LOUVERDRAPE* VERTICAL BLINDS Vertical Blinds at a great price—plus a Free Valance. III III) ,7 60% OFF CLASSIQUE MINI BLINDS 50 decorator colors of Classique 1" line plus a Free Deluxe Valance. Call today for a free Shop-At-Home appointment! CUSTOM DECORATING JCPenney ,''•>* ,< *'., Regular prices art ottering prlcei only. Silei may or may not hive been made at regular prices Percentagei off npreaenl tavlngi on regular prices. Sale prices do not apply to everyday-priced mei Chandra*. Most areas serviceable by JCPenney Custom Decorating. Offer expires April 18,1992. tr- Kokomo 459-0666 O CLOSING Apply for Summit Bank's Home-Line by April 15 and you will save up to $300 in closing costs. With Summit Bank's Home-Line, you can turn your home into money for any worthwhile borrowing purpose. Home-Line can be a less expensive and more convenient way to borrow. And the interest on your Home-Line can be fully tax deductible* Apply now for Home-Line with no closing costs at any Summit Bank office or call 453-5350 for more information. But hurry, the no closing cost offer ends April 15. HOME-LINE Annul Fee PokU Annual PercenUfe Rite Current APB MutaiuB APR Proof of Homeowuer'i luunoce Wafted Waived 0 Variable 8.50% 21% •CMUUN your U» idvtiur. Subject to tppnne An «nml aiMulnj te.ikr. (S3 •

Get full access with a Free Trial

Start Free Trial

What members have found on this page