Inflation climbs as prices rise amid slowing economy
Washington reports a 0.5 percent November rise in the Producer Price Index for finished goods, signaling persistent inflation despite moderating energy costs. The Fed also reports manufacturing’s steepest one month drop in eight years, triggering market declines and speculation on the Fed’s future rate moves.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Labor Department
Coal industry predicts 1990 production topples 1 billion tons
U S coal production and consumption are forecast to exceed one billion tons in 1990, the fourth straight year of record output. The National Coal Association notes a 4.2 percent rise to about 1.02 billion tons, led by utility demand and higher exports, with West Virginia and Kentucky among top producers.
MENTIONED IN THIS ARTICLE
Charleston
U.S
John Grasser
National Coal Association
Washington, D.C
Grasser
Unusu
West Virginia
Kathy Sloan
State Division of Energy
Wyoming
Kentucky
Mark Polen
West Virginia Coal Association
Stock Market Retreat as Inflation and Rates Rise
New York reports a broad stock market pullback with the Dow down 20.55, volume slipping to 150.88 million on the NYSE. Advancing issues trail declines by about 2 to 1, with notable drops in Philip Morris IBM GE AT&T Castle & Cooke and Dole. The Wilshire index shows a $22.84 billion loss, and major indexes including the S and P 500 and NASDAQ fall across the board.
MENTIONED IN THIS ARTICLE
Abbott Labs
Allegheny Power
Tae AM
Family
Ameritech
At&t
Water Works
Anheuser-Busch
Ieee
Toasoa
Atm
Atlantic Anghfield
Endore Gas &Ec
Wears Ean
Bell Atlantic
Press
Ang Bellsouth Corp
Renna
Ssor
Sion
Stao
C&S/SOVRAN CABOT CORP
Sivas
Ene
Oe Se
Carolina Power
Chevron Corp
Sso
Ara Chrysler Corp
Coca-Cola CO
Columbia Gas Sys
Nat'l Gas
Corning Inc
CSX Cor P Erry
Enon Neece
Detroit Edison
Walt Disney Vara Dominion Res
Dominion Beshs
Dupont Ga
Emerson Electric
Exaon Corr
Szosto
Veartezee
Carolina Inv
Virginia Bank
Puce Neerema Erooce
Seem
Oe Mengesseries
Eleric Fesassa
Gosen
Sara
Tural Szost 3Orm
GEN. Motors Corp
STE Corp
Sana
Zie Fae Seem
Iuette Co
Merck & CO
Mesa Limited
Mobil Corp
C. Penney CO
Pennzoil CO
Mee Inc
Philip Morris
Otomac Elec. Pwr
Reebok
Reynolds Metals
Rite Aid Corp
Rockwell Int'l
Sears Roebuck
Shoney's Inc
Signet Banking
Haseam
Eas
Sarre Forcow
Ses
Eam Wi
New Jones
Tion
Michael K. Evans
Washington
Elliott Platt
Donaldson, Lufkin & Jenrette
Federal Reserve
New York
Labor Department
International Business Machines
General Electric
American Telephone & Telegraph
Castle & Cooke
Dole Food Co
Wilshire Associates
NYSE
Protecting your appliance warranty with test use tips
Greg Jordan explains how to maximize warranty coverage for new microwave and dishwasher purchases. MACAP warns warranties are time based, not usage based, so issues arising after expiration may be unpaid. Test all features early, report problems promptly, keep written records and service receipts, and communicate with dealer, service agency, and manufacturer.
MENTIONED IN THIS ARTICLE
MACAP
Dow Jones Averages Final Trading Snapshot
New York AP reports final Dow Jones averages with daily highs and lows for each component stock. The summary shows the Industrials, Transports, and Utilities totals, including open high low close figures and daily changes, reflecting intraday price activity.
MENTIONED IN THIS ARTICLE
New York
SK Cesene
Indus
Tran
Utits
Kerkorian buys over nine percent of Chrysler shares
In Beverly Hills a Kerkorian spokesman confirmed ownership of more than 9 percent of Chrysler Corp. shares but refused further comment until lawyers issue a statement. NCR Corp. filed federal suit in Dayton against AT&T over tender offer disclosures, calling them false and misleading. NCR seeks relief, injunction, and validation of its shareholder rights plan under Maryland law.
MENTIONED IN THIS ARTICLE
Kirk Kerkorian
Beverly Hills
Calif
Kerkorian
Chrysler Corp
NCR. Corp
American Telephone & Telegraph Co
Dayton
At&t
NCR
Securities and Exchange Commission
Maryland
US producer prices rise 0.5 percent in November
U S producer prices of finished goods climbed 0.5 percent in November, at a 6.1 percent compounded annual rate, following October's 1.1 percent rise and September's 1.6 percent gain. For 1990 calendar year, the PPI rose 6.9 percent CA rate. Capital Cities/ABC declares quarterly dividend of 0.5 a share payable January 31, 1991 to record holders of December 31, 1990.
MENTIONED IN THIS ARTICLE
U.S
Labor Department
PPI
Capital Cities
ABC
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Greg Jordan
The
Daily Telegraph
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Sun
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GIV
Benevolent Fund Committee
General Injectables & Vaccines, Inc
Bastian
Spiller Elementary School
Wytheville
Santa Claus
Bland
Wythe
Dunn Motors, Inc
First Virginia Bank
Nautilus Fitness Center, Inc
Bill King’s
Wayside Highland Funeral Service, Inc
Fort Chiswell
Wythe Fuel Service
Big Walker Motel
Morehead Trucking Co
Bland Industrial Emp
Benevolent Assoc
Hobart Grubb Co
Super X
Colley's
Western Steer
Little Red Shoe House
W. V. Dycus
Lemon's Jewelry
Wright's
Trent's Grocery
Melvin’s
Gordon's Store
Bernard's
Alber's Inc
Virginia Candy Co
el Matador Wordsprint
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Rescue Squad
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Spiller
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Pincipal Bland Ministerial Association
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Rasi's
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IGA
Lowe's Foods
Carol's
Hair Graphics
Michael and Mary