Sears Trails Retail Gains as Pricing Strategy Bites
Sears Roebuck posted a 0.4 percent sales rise to 3.0 billion in September while its comparable-store sales slipped 1.8 percent. The year-ago period saw higher gains for rivals as Sears pushes its everyday low pricing to lock in profits. Chrysler and GM announce a joint operation of two transmission plants, seeking federal clearance and aiming to set a new auto industry precedent.
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Chicago
Sears, Roebuck & Co
Sears
Wal-Mart Stores Inc
Kmart Corp
Best Buy
Highland
Chrysler
Detroit
Chrysler Corp
General Motors Corp
N.Y
Muncie
Justice Department
Antitrust Division
John Hartnett
West Germany and Europe Boost Rates to Curb Boom
West Germany raised its key rate by one percent and Britain followed with a full percentage point to 15 percent as part of a coordinated move to slow the economy. France Switzerland and Austria also hiked rates in step. Investor Carl Icahn bought 4.25 million USX shares this week, boosting his stake to 13.06 percent amid talks of a major restructuring.
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London
West
Germany
Hokn
France
Switzerland
Austria
Pittsburgh
Carl Icahn
USX Corp
Icahn
Securities and Exchange Commission
USX
Boeing Supervisors Take Over Production Amid Strike
Boeing Co. uses supervisory staff to keep jetliner production moving as a 57,000-member Machinists strike continues with no talks scheduled. The labor dispute began Wednesday when a three year contract expired without agreement. In Brussels, OPEC and the European Community signaled closer cooperation as Subroto met EC officials in the first high level contact between the groups.
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Seattle
Boeing Co
Brussels
Belgium
OPEC
European Community
Subroto
Organization of Petroleum Exporting
New York Exchange Week End Trading Highlights
New York Stock Exchange at week's end reports trading on selected issues with sales, ends, highs, lows, and last prices. The report lists price movements and changes for the week indicating market activity and investor sentiment.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NEW York (Ap
Stock Market Pushes Toward Record Highs As Jobs Data Cools
The Dow gains 11.82 to 2785.52 led by gains in blue chips as traders price in a easier policy. NYSE volume totals 200 million shares with 780 advances to 667 declines and 520 unchanged. Labor data show September unemployment at 5.3 percent and payrolls up 209000, dampening rate worries. Carl Icahn raises stake in USX while Philip Morris Exxon and General Motors post gains.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Labor Department
Ln Eney Aatnates Oor Wel
Treasury
USA
Carl Icahn
USX
Philip Morris
Exxon
General Motors
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