Rockwell Jr. finds active life after retirement with Cyprus deals
Willard Rockwell Jr. at 69 pursues high technology bets via Cyprus Corp. since 1981 controlling four acquisitions including Special Metals Astrotech Quasitronics and Ecology One. He aims 50 percent annual earnings growth and keeps board roles while expanding the portfolio from his Bahamian base.
MENTIONED IN THIS ARTICLE
Jim McKay
Associated Press
Pittsburgh
Willard Rockwell Jr
Rockwell International
Rockwell
Cyprus Corp
Cyprus
Special Metals Corp
Hartford
N.Y
Don Stitt
Allegheny International Corp
Astrotech International
NASA
Kennedy Space Center
Ecology One
Quasitronics
Army Reserve
Willard F. Rockwell
Oshkosh
Wis
Rockwell Manufacturing
Rockwell Standard
North American Aviation
North American Rockwell
Beware of unscrupulous year end tax shelter schemes
Washington AP warns year end tax shelter offers target investors with claims of four to eight fold deductions. Promoters push master recordings and art overvaluations, high pressure sales, and little focus on investment viability. BBB and NASAA urge checks: company history, property appraisals, tax opinions, audits, development plans, independent reports, and proper registrations.
MENTIONED IN THIS ARTICLE
Washington
Michael Unger
North American Securities Administrators Association
Internal Revenue Service
National Council of Better Business Bureaus
William H. Tankersley
Better Business Bureaus
BBB
Wall Street Bargains In Battered Stocks This Year
Wall Street advisers seek bargains in stocks that fell 30 percent or more as year end tax losses drive selling. Merrill Lynch notes renewed crosscurrents while Yale Hirsch highlights mid December low lists predicting gains by February.
MENTIONED IN THIS ARTICLE
New York
Merrill Lynch Market Letter
Merrill Lynch
Avon Products
Color Tile
General Housewares
General Instrument
Mary Kay Cosmetics
MCI Communications
Prime Computer
Tandy
Hirsch
Auto industry sales and economic meetings this week
This week includes an auto industry late November sales report expected Monday, a Wednesday OPEC meeting, a Thursday Labor Department weekly jobless claims report, and a Friday Federal Reserve money supply release. Treasury bill rates and Merrill Lynch Ready Assets yields are noted, with SOCIETY events in Cedar Rapids and Cumberland speakers Thursday evening.
MENTIONED IN THIS ARTICLE
Auto Industry
The
Organization of Petroleum Exporting Countries
Labor Department
Federal Reserve Board
Service Corps
Chamber of Commerce
Cedar Rapids
John Mazza
Service Engineering Inc
Cumberland
Ind
Society of Manufacturing Engineers
Longbranch
Money rates and finance benchmarks reported Friday
National money rates in percent on Friday show Prime Rate at 11 percent and Discount Rate at 8 percent. Broker call loan rate ranges from 10.00 to 10.25 percent, with Federal funds highs and lows around 95 and 97-16. last at 99-16. Dealers’ commercial paper spans 30-180 days at 9.05 to 9.125 percent. Bankers acceptances vary by tenor up to 270 days with rates from 9.30 to 9.35. Certificates of Deposit for $100,000 reach 9.05 to 9.25 across 30-269 days.
MENTIONED IN THIS ARTICLE
Finance Company
Gays. v
Bankers Acceptances
Also Mentioned on This Page
Cat Cay
Bahamas
Down South
Somerset County
Preferred
American Stock Exchange
Wall Street
Yale Hirsch
Treasury
Telerate Systems Inc
St. Luke’s Child
Newhall
Igrou
Millhiser Smith Agency, Inc
Oakland Road
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