GE RCA merger praised as strategic fit by GE chair
GE chairman John Welch calls the proposed 6.28 billion RCA acquisition an excellent strategic fit and expects no antitrust problems. RCA's Thornton Bradshaw says he will resign after closing in 1986 but stay as GE consultant. NYSE opens probe into pre announcement RCA stock surge as shares swing amid market chatter.
MENTIONED IN THIS ARTICLE
New York
General Electric Co
RCA Corp
RCA
John F. Welch Jr
Welch
Thornton F. Bradshaw
New York Stock Exchange
Stocks slip after mixed session on federal deficit action
The Dow fell 0.46 to 1511.24 while most major measures gained slightly. Volume on the NYSE reached 170.54 million. RCA led activity after news of GE's $66.50 a share offer. Energy stocks rallied, retail stocks mixed. overall indexes edged higher on the day as Gramm-Rudman became law and Volcker called deficit controls healthy.
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Federal Communications Commission
Fairfield
Conn
New York
NBC
Koa-Tv
Denver
Welch
Robert F. Frederick
New York Stock Exchange
Congress
Reagan
Paul Volcker
Federal Reserve
General Electric
Exxon
Chevron
Amoco
Mobil
Schlumberger
Fairchild Semiconductor
Anheuser-Busch
Volcker cites glitch in Bank of New York spillover
Federal Reserve Chair Paul Volcker blamed a glitch like failure in a computer program for a November incident that left the Bank of New York $30 billion in the red. He told a House Banking subcommittee the event threatened federal deficit financing and spurred the era’s largest federal bank bailout.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Paul A. Volcker
Bank of New York
Volcker
House Banking
Retail sales rise 1 1 percent in November
Washington AP reports November retail sales rose 1.1 percent to 115.9 billion dollars from October's low. Analysts doubt strong Christmas demand amid high personal debt, with the Reagan administration forecasting stronger growth later in 1985 and 1986.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Reagan
Larry Speakes
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AMR
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Texaco
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IBM
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Volcker Says ‘Glich
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Wed
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Ladd Furniture Inc
Mar
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Ts May
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Mim
Mercer Mall
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