Wall Street on defensive amid uncertain interest rates
The market shows no clear direction as rate worries persist. The Dow gains 11.38 points to 1194.21 while the Nasdaq and Amex rise modestly. Analysts urge selective buying, highlighting 70 stocks with PE ratios at or below 8.6 times 1983 earnings, including Bankers Trust, Exxon, Mellon National, J P Morgan, and Consolidated Foods.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Greg A. Smith
Prudential Bache Securities Inc
Standard & Poor’s Corp
S&p
S&P’s
Bankers Trust Co
Exxon Corp
Mellon National Corp
J.P. Morgan & Co
Consolidated Foods Corp
Time for indexed bonds
A Chicago economist urges the U S Treasury to replace fixed long term bonds with short term index linked bonds to guard against capital strikes and inflation. Supporters cite Britain as a model while critics warn it signals a poor long term deficit plan.
MENTIONED IN THIS ARTICLE
New York
Chicago
David D. Hale
Kemper Financial Services Inc
Treasury
Treasury Department
Congress
U.S. Treasury
Hale
Brazil
Israel
Britain
U.K
U.S
Richard Hoey
A.G. Becker Paribas Inc
Arnold Moskowitz
Dean Witter Reynolds Inc
Grain and livestock futures move after week on Chicago exchanges
Wheat edges up while corn and soybeans retreat and oats hold steady on the Chicago Board of Trade. Cattle and hogs shift on the Chicago Mercantile Exchange with live cattle and feeder cattle lower, hogs higher. Metals rise as gold and silver gain while copper slips on the New York Commodity Exchange.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Mercantile Exchange
Commodity Exchange
New York
Boeing 727 ends era as production halts after record sales
Boeing will stop 727 production after delivering 1,832 jets in a 27-year run that touched 2.2 billion passengers. The last passenger version went to USAir in April 1984 with 15 freighters for Federal Express to follow, while Boeing eyes the 757 as successor.
MENTIONED IN THIS ARTICLE
Kathy McCarthy
Seattle
Boeing Co
Boeing
Usair
Federal Express Corp
Federal Express
Tom Cole
Rockwell Collins Dominates 757 and 767 Cockpit Equipment
Rockwell Collins Air Transport Division in Cedar Rapids supplies four of the five major cockpit systems for Boeing 757 and 767 aircraft, including autopilot and electronic flight instruments. The company noted over 95 percent of 727s included Collins gear, with $100,000 plus per plane and growing role as the 727’s successor enters production.
MENTIONED IN THIS ARTICLE
Steiner
Michigan
Federal Aviation Administration
National Transportation Safety Board
Cole
FAA
Langhorne Bond
Pan American World Airways
Kenner
Pacific Southwest Airlines
San Diego
PSA
Rockwell-Collins
Cedar Rapids
Boeing
Collins
Rockwell
Sperry
Collins Air Transport Division
Bendix
Also Mentioned on This Page
Jack Steiner
Eta UT
Byers & Happel Realtors
Robert N. Holland
Bob
National Association of Securities Dealers
D.P.P.R
Equity Trust
Bakor
American Express
Yale University
Bob Holland
1St Ave. S.E
NEW Yorker
Fifth Avenue
America
ST Avenue
First Ave
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