Oil driven rally Pushes Dow above 1200 for first time in weeks
Stocks rise as oil shares lead a broad market gain boosted by lower interest rates. The Dow climbs 16.05 to 1,206.50, the Nasdaq edges up to 300.84, and the S&P 500 adds 1.88 to 165.29 as oil and oil services hit 52 week highs.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Ralph Acampora
Kidder, Peabody & Co
Dow Jones
Wall Street
Treasury
Eldon A. Grimm
Birr, Wilson & Co
Gulf Oil
Halliburton
Standard of Ohio
Texaco
Exxon
Getty
Mobil
Phillips Petroleum
Coca-Cola
G.D. Searle
Royal Crown Cos
Archer-Daniels-Midland
Standard & Poor
S&p
Factory Utilization Hits Two Year High in July
Federal Reserve data show total industry operating at 75.8 percent of capacity in July, the highest since November 1981. Autos and steel posted sharp gains as manufacturers restocked idle lines, with utilities at 82 percent and mines at 70.1. Analysts warn rising credit needs could clash with budget deficits.
MENTIONED IN THIS ARTICLE
Washington
USS
Federal Reserve Board
Robert Ortner
Commerce Department
Fed
Ortner
Michael Evans
Evans Economics Inc
Toy Chest Safety Rule Dropped by U S CPSC
The Consumer Product Safety Commission voted 3 to 2 to drop a proposed requirement for hinged toy chests to have lid supports. Staff noted almost all new chests now use springs or friction catches, with 98 percent planned to include lid spring support this year. Commissioner Zagoria dissented, urging delay and closer industry monitoring.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
Commission
Walter Hobby
AMC Unveils 1984 Jeep XJ Prices and Specs
American Motors Corp announces Jeep XJ prices starting at 9,995 with mileage of at least 24 mpg. The 1984 Cherokee two door Sport Wagon leads at 9,995, with several Cherokee variants and Wagoneer models priced up to 19,306, all built in Toledo and arriving in showrooms this month.
MENTIONED IN THIS ARTICLE
Detroit
American Motors Corp
U.S
Toledo
Ohio
AMC
Wagoneer
Wagoneer Limited
Grand Wagoneer
Westinghouse Data Service Sold to National Computer Systems
An agreement in principle says National Computer Systems of Minneapolis will acquire Westinghouse Information Services of Iowa City for more than 10 million dollars. Payment is cash and notes. sale includes terms pending definitive agreement board approvals and government review. The unit will keep operating at Highway 1 and Interstate 80 in Iowa City.
MENTIONED IN THIS ARTICLE
Iowa City
Westinghouse Information Services
National Computer Systems of
Minneapolis
Westinghouse Electric Corp
Westinghouse Information
Xerox
New York State
Holiday Inn
Williams Blvd
S.W. Hwy
Hwy
Cedar Rapids
Xerox Corporation
Chrysler shortens time on group of warrants
Detroit AP Chrysler Corp accelerates the termination date of publicly held warrants from June 15, 1985, to December 1, 1984, to raise immediate capital. The move could yield about $65 million if all five million shares are issued, and removes a dampening effect on securit ies investors avoided.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
U.S
Chrysler
Also Mentioned on This Page
Sam Zagoria
Jeeps
Westinghouse Data Service
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!