Cobalt and strategic metals hype under scrutiny
The piece questions the craze for strategic metals ahead of investing, noting cobalt price swings from about 90 to 18 dollars a pound and warnings from analyst Elliot J. Smith. It highlights abuse by telemarketing hawkers and advises cautious broker selection amid volatile demand and political risk.
MENTIONED IN THIS ARTICLE
London
South Africa
Zaire
Zambia
Soviet Union
U.S
Elliot J. Smith
Bache Halsey Stuart Metal Company
Smith
New York
Mergers Often Mean Divorce
A AP analysis explains that mergers often end in divestitures as company goals and asset values diverge. It highlights high capital costs, changing markets, and the role of oil industry cash in shaping merger activity. It notes several large divestitures by ITT Esmark RCA Kennecott McGraw-Edison Union Carbide and Du Pont acquisition interest in Conoco.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
W.T. Grimm & Co
International Telephone & Telegraph Corp
Itel
Esmark
RCA
Kennecott
McGraw-Edison
Union Carbide
Seagram Co
Conoco
Texas Pacific Oil Co
Sun Co
Occidental Petroleum
Firestone Tire & Rubber
Firestone Plastic Co
Standard Oil
California
Stouffer Chemical
Utah
du Pont
U.S
Grimm
Administration Pushes Tax Cut Amid Budget Battle Winding Down
The Reagan administration vows to intensify public pressure as Congress fights over a broad tax cut. Stockman says a high gear public campaign and an early August tax bill are likely, with Senate debates looming and key leverage on 16 House Republicans and 63 Democrats identified by the Chamber of Commerce.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Congress
Treasury
Donald T. Regan
David A. Stockman
Stockman
ABC
House
Senate
U.S. Chamber of Commerce
Ways and Means Committee
Finance Committee
CNN sues ABC CBS NBC and White House in pool controversy
Cable News Network heads to court in Atlanta seeking to break what Ted Turner calls a predatory monopoly in TV news. CNN accuses ABC CBS NBC and the White House of limiting CNN access to president coverage and forcing unfair pool rules. CNN founder Turner notes CNN launched June 1 1980 and reaches about 6.3 million subscribers.
MENTIONED IN THIS ARTICLE
Atlanta
Cable
Court
Today
Reagan
Ted Turner
CNN
ABC
CBS
NBC
Turner
White House
Schonfeld
Also Mentioned on This Page
Louis Rukeyser
Watch Metal Markets
Heidi
Regan
Reese Schonfeld
The
Kalmia Plaza
Richland Ave. W
Ts LU
Walt Disney Products
Ine
Ale Seaia
Black Lagoon
Tanya Tucker
Charlie Brown
Jules Feiffer
Willie Nelson
Honeysuckle Rose
John Wayne
Showtime
Total Entertainment
Las Vegas
Et Fant
Wey
Ay - Adda
Aiken Cablevision
Rutland Drive
Bronco Billy
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