Federal and Commerce Data Schedule for Week Ahead
This week features a Federal Home Loan Bank Board report on savings flows for November and several Commerce Department releases on leading indicators export imports and inventories. Labor turnover in manufacturing and construction contract awards are also due, with mid November agricultural prices and tax changes noted.
MENTIONED IN THIS ARTICLE
Federal Home Loan Bank Board
Commerce Department
Labor Department
F.W. Dodge Co
Agriculture Department
Major bonds scheduled for public sale in late December
Public sale notes list several debt instruments including $1.75 billion U S Treasury bonds due February 15, 2002 and $162 million Nassau County New York tax and bond anticipation notes. Other items include $100 million Tennessee H D A mortgage bonds and $37 million Erie County New York maturities. Dec 29 30 provided by Salomon Brothers and United Press International.
MENTIONED IN THIS ARTICLE
Salomon Brothers
United Press International
U.S
U.S. Treasury
Tennessee
Nassau County
New York
Borman backs deregulation and eyes a stronger Eastern in 1982
Frank Borman, Eastern Air Lines chairman, shifts from opposing deregulation to endorsing it as essential for the industry. He cites cost pressures from new entrants, fleet upgrades with Boeing 757s, and productivity gains to sustain profits, while acknowledging 1981 losses and 1982 gains expectations.
MENTIONED IN THIS ARTICLE
Miami
Eastern Air Lines
Frank Borman
Eastern
Carter
Borman
Capitol
Washington
Ten distressed stocks could be tax selling bargains
Wall Street analyst William LeFevre lists ten of 1981s sorriest stocks, many in bankruptcy or deep red, fallen at least 45 percent. He suggests short term traders might buy them, anticipating January tax selling rallies while warning not to hold beyond mid January. Yale Hirsch backs the almanac approach of buying near year end lows.
MENTIONED IN THIS ARTICLE
New York
Wall Street
William LeFevre
LeFevre
Purcell, Graham & Co
International Harvester
AM International
Yale Hirsch
Hirsch
IRS rules leave Keogh plans vague and IRA deduction timing
IRS guidance is limited on Keogh plans and IRA contributions. You may contribute to an IRA up to your filing deadline, typically April 15, for deductions on the prior year. You cannot start a new Keogh in the year you turn 70 1/2, but can continue contributing to an existing plan with adjusted distributions.
MENTIONED IN THIS ARTICLE
Keogh
Internal Revenue Service
IRS
Peat Marwick Mitchell and Co
S. Flower St
Los Angeles
1981 Investment Losses Across Markets Report
The year saw broad declines with the Dow off about 10 percent since January while bonds and gold also fell. Commodities slid, currencies faltered, and even housing inflation outpaced gains, except money market funds returning near 16 percent for 12 months.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
Also Mentioned on This Page
Bond Calendar
Airlines
Robert J. Joedicke
Lehman Brothers Kuhn Loeb Inc
Federal Aviation Administration
Rank Borman
Debra Whitefield
Los Angeles Times
Culligan U.S.A
Northbrook
Ill