Ad urgest investment in future

Article Abstract:

John Nuveen, a Chicago, IL-based money manager for brokers and advisers, is launching its first Super Bowl advertisement featuring the wheelchair- bound actor Christopher Reeves. The 60-second ad, which airs during the Jan 2000 Super Bowl, shows Reeves appearing to rise and walk to help present an award. The company had a net income of $97.3 million in 1999, a 16% increase from the previous year.

Advertising, Investment Advice, Investment Advisory Services, John Nuveen Co.

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Mortgage rates climb to 43-month high

Article Abstract:

Fears of impending inflation have pushed mortgage rates in the US to their highest level since Jul 1996. The US Federal Home Loan Mortgage Corp has reported that the average rate of 30-year fixed-rate mortgages jumped to 8.36% on the week of Feb 7, 2000, versus 8.25% the previous week. This is the ninth consecutive week that mortgage rates have risen. Increases in the interest rates of other financial instruments, such as Treasury bonds, could cause mortgage rates to go even higher.

Mortgage and Nonmortgage Loan Brokers, Interest rates, Consumer Mortgage Loans, Mortgages

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Credit card fees on increase, but are often hard to spot

Article Abstract:

Credit card firms are imposing more and costlier fees on card holders who may not be aware that the fees are increasing. The higher fees are imposed on foreign transactions, cash advances and balance transfers. Card holders may not be aware of increases because they are not usually itemized. The increase in fees is due to the lower revenues being earned by credit card firms and consumers' shift to home-equity loans which have lower interest rates.

Credit Card Issuing, Consumer prices, Nonbank Credit Card Firms

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