Judge backs thrifts on interest rate deregulation
U.S. District Judge Gesell blocked the phase–out of ceilings on four–year or longer thrift certificates, keeping a quarter–point advantage for savers. The decision, appealing by the government, maintains Small Savers rates at 15.15 percent while banks rise to 14.90 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
U.S
Gerhard Gesell Friday
U.S. League of Savings Associations
Gesell
Treasury
Donald Regan
Savings and Loans
Congress
Schlitz to Close Milwaukee Brewery as Sale to Heileman Moves Forward
Schlitz will cease brewing at its Milwaukee site effective Sept 30 amid a strike and excess capacity. About 700 workers will be affected. the move trims capacity to 18.8 million barrels. The Milwaukee HQ and Oak Creek plant remain unaffected as the $494 million sale to Heileman progresses toward final approval.
MENTIONED IN THIS ARTICLE
Milwaukee
UPI
Jos
Schlitz
Frank J. Sellinger
Heileman
la Crosse
Seagram Wins Restraining Lift To Seek Conoco Bid
Florida judge lifts restraining order allowing Seagram to pursue Conoco shares Saturday amid rival bids from Mobil and Du Pont. Seagram faces liquor permit probes in North Carolina Missouri and potential antitrust scrutiny from the Justice Department. Du Pont has 56 percent of Conoco stock with a $7.3 billion bid while Mobil’s $8.2 billion offer awaits antitrust clearance.
MENTIONED IN THIS ARTICLE
New York
UPI
Florida
Joseph E. Seagram & Sons
Seagram
Conoco Inc
Mobil Oil Corp
du Pont Co
Conoco
North Carolina
Missouri
Liquor Concern
Ohio
Iowa
Alabama
North Carolina Department of Crime Control & Public Safety
du Pont
Justice Department
Chocolate Bayou
Texas
Mobil
DuPont
Chemical Company
Securities & Exchange Commission
Pacific Gas & Electric
Houston Industries
Polaroid
Gulf Oil
Natomas
AT&T says no divestiture offer in antitrust case
AT&T states it never offered to divest Western Electric to settle the Justice Department antitrust case. Chair Charles L. Brown says the integrated Bell system remains essential and discusses settlement options with the government but not divestiture. Other reports cited Washington Post coverage and earlier private discussions, with no formal divestiture proposals ever approved.
MENTIONED IN THIS ARTICLE
Charles L. Brown
At&t Board
Washington Post
Bell System
Reagan Administration
Carter
Brown
William Baxter
Congress
Baxter
Justice Department
At&t
Bell
Iowa professor eyed for federal commodities post
Susan Phillips, a University of Iowa associate vice president for finance and university services, is recommended by U.S. Sens. Jepsen and Grassley for a seat on the Commodity Futures Trading Commission. Phillips, 36, interviewed in Washington after seven years at Iowa and a prior two year SEC role. co authored a MIT Press book with J. Richard Zecher on the SEC and the public interest.
MENTIONED IN THIS ARTICLE
DES Moines
University of Iowa
Commodity Futures Trading Commission
Iowa
U.S
Roger Jepsen
Charles Grassley
Susan Phillips
Commission
U.S. Treasury
Phillips
Washington
White House
Virginia
College of Business Administration
Federal Securities and Exchange Commission
Business
J. Richard Zecher
MIT Press
The
SEC
Public Interest
Broad stock rally lifts Dow and NYSE indices
UPI reports a broad stock market gain on Friday as investors expect rates to ease from near record highs. The Dow rose to 952.34, led by gains in Conoco, DuPont, Seagram, and Pacific Gas & Electric, with solid volume on the NYSE and rising NASDAQ and Amex activity.
MENTIONED IN THIS ARTICLE
American Stock Exchange
National Association of Securities Dealers
Amex
Kirby Exploration
Fletcher
Comanche County
Oklo
Kirby
Dome Petroleum
Weatherford International
Money supply steady as M1 measures hold firm in July
New York reports M1-B at 428.7 billion and M1-A at 360.0 billion for the latest week with no change in M1-B while M1-A slips to 360.0 billion. Economist David Jones says growth remains below target but signals possible easing delay. funds rate near 17 percent may push light pressure on short term rates. Apollo 15 astronauts finish five mile lunar rover roundtrip.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
David Jones
Aubrey G. Lanston & Co
Fed
Also Mentioned on This Page
William Connell
Connell
Chicago
DIDC
American Bankers Association
Banking Industry Trade Group
Association
Fritz Elmendorf
Pany
Oak Creek
Tallahassee
Leon County
Circuit Court
John Rudd
Wall Street
Rudd
Department of Public Safety
Irving Trust
Federal Funds
New York Stock Exchange
NYSE
DuPont, Mobil
Joseph Seagram & Sons
Fisher Scientific
Allied Corp
Fisher
Cedar Rapids
Waterloo
Iowa City
Morris
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