Auto recalls shift from public notices to private alerts
The piece reports Ford and Chrysler largely stopping public recall notices since Reagan’s 1981 term began, while General Motors and foreign makers vary. Since 1981, Ford recalls affect Escort and Lynx lines. recalls total 222,538 with issues including loose brake plates and ungrounded fuel inlets. Chrysler recalls cover K cars. GM public statements rise with large recalls. Toyota, Nissan, Volkswagen vary in policy.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Chrysler Corp
National Highway Traffic Safety Administration
Reagan
Ford
General Motors
Chrysler
Plymouth Reliant
Dodge Aries
Caldwell
Baron K. Bates
Ota
Nissan
Datsun
Volkswagen
West Germany
Pennsylvania
Money supply shows another modest rise as Fed eases limits
The U S money supply M1B increased by 800 million in the week to Aug 12 the Fed had voted to ease growth limits in the current quarter The N Y Bank of New York analyst noted the gain followed a 5 1 billion jump and warned the Fed may not further loosen policy soon M1A rose 300 million to 364 3 billion while M1B reached 434 7 billion with small revisions in both measures.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Nicholas Marrone
Bank of New York
Marrone
Fed
Treasury
New York City
Thrift office to close during temporary move
Perpetual Savings and Loan will close its Westdale office from Monday to Wednesday next week. The temporary structure at 3730 Williams Blvd SW will house operations while a new building is built. The site will move to the lot once closed. Exterior work is almost complete with windows pending. Interior work will start after window installation, and a parking lot is under construction. The move keeps the early November opening on track.
MENTIONED IN THIS ARTICLE
Westdale
Perpetual Savings and Loan Association
Williams Blvd
Royal Bank Name Dispute Stirs Pennsylvania Bank
In King of Prussia, head of the Royal Bank of Pennsylvania states he is flattered by a lawsuit from the Royal Bank of Canada seeking to force a name change. The Canadian bank had registered Royal Bank variants with the U.S. Patent Office in 1973 and alleges the Pennsylvania bank’s use of Royal Bank of Pennsylvania could cause confusion.
MENTIONED IN THIS ARTICLE
King OF Prussia, Pa
UPI
Royal Bank of Pennsylvania
Royal Bank of Canada
Royal Bank
U.S. Patent Office
Stocks at Eight Month Low As Markets Slip Amid Rates
UPI reports a broad retreat on Wall Street with the Dow down 7.80 to 920.57, the NYSE Composite easing to 43,885,600 shares, and NASDAQ at 206.76. Oil issues led declines while Cities Service rose amid takeover chatter and airlines faced losses from labor actions and layoffs.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
NYSE
U.S
Cities Service
Mesa Petroleum
Atlantic Richfield
Exxon
Phillips 1
Ohio Standard
Indiana Standard
Getty
California Standard
Texaco
American Telephone & Telegraph
Boeing Co
National Association of Securities Dealers
Amex
Lucky Stores reports Q2 earnings dip and sales rise
Lucky Stores Inc of Dublin California says second quarter earnings fell 7 percent as sales rose 12 percent to 1.7 billion amid tougher competition thinner gross margins and higher costs. Earnings 18.1 million or 36 cents a share versus 19.5 million and 39 cents prior year.
MENTIONED IN THIS ARTICLE
Lucky Stores Inc
Dublin
Calif
Eagle Discount
Midwest
S. Donley Ritchey
Lucky
Pan Am to sell Intercontinental Hotels to Grand Metropolitan
Pan American World Airways will sell its Intercontinental Hotels chain for 500 million dollars to Grand Metropolitan. The move funds debt and operating needs amid a large airline loss, with 97 hotels across 48 countries to remain under Pan Am management but operate as a unit within Grand Metropolitan.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Pan American World Airways
Intercontinental Hotels Corp
Grand Metropolitan Ltd
London
New York
UPI
Pan American World Airways Inc
Intercontinental Hotels
Pan Am
Merle Richman
Intercontinental
Grand Metropolitan
Britain
Pan American
Park Avenue
Paul C. Sheeline
Abu Dhabi Hotel Corp
Abu Dhabi Investment Authority
Richman
Boeing Corp
Also Mentioned on This Page
Gazette Wire Services
Philip Caldwell
Toyota
United States
Toy
Douglas Aircraft Co
Long Beach
Continental Airlines
NASA
Thrift Office
Digital Equipment
Data General
Texas Instruments
Tektronix
Prime Computer
National Semiconductor
Lucky Stores
Harvester Co
Harvester
Caterpillar Tractor Co
Archie R. McCardell
Warren J. Hayford
Sheraton
Nuwhere
Zazza’s
Sheraton Inn
Cedar Rapids
33Rd Avenue
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