Commission backs official gold coin The American Eagle
A Gold Commission proposal urges Reagan and Congress to create an official gold coin worth its weight in gold but not legal tender. The plan, termed The American Eagle by members, would be sold by the Treasury at spot gold price plus a minting fee and exempt from capital gains taxes.
MENTIONED IN THIS ARTICLE
Washington
UPI
Reagan
Congress
Gold Commission
Treasury
Donald Regan
Council of Economic Advisers
Murray Weidenbaum
United States
Regan
U.S. Treasury
Commission
Ron Paul
R-Tex
Federal Reserve
South Africa
Canada
Henry Reuss
D-Wis
Joint Economic Committee
Chalmers Wylie
Ohio
Herbert J. Coyne
Fed
Weidenbaum
Federal Reserve Board
Money supply jumps as relief from rates remains unlikely
The money stock rose by 2.3 billion in the week to Feb 3, keeping Fed reserves tight and keeping rates elevated. Commercial loans rose 2.2 billion, NYC banks gained 1.14 billion, and the federal funds rate climbed to 15.19 percent amid broader rate increases.
MENTIONED IN THIS ARTICLE
New York
UPI
Fed
Pat Brannon
Chicago
Harris Bank
Federal Reserve
New York City
Brannon
Treasury
Stocks drift to mixed close in quiet holiday trading
The New York market ended mixed as investors awaited the Federal Reserve report on money supply. Dow down 0.86 to 833.81, S and P off 0.05 to 114.38, Nasdaq up 0.27 to 182.52, with NYSE volume around 37 million shares and many traders away for a four day weekend.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
New York Stock Exchange
Standard & Poor
Fed
U.S
National Association of Securities Dealers
Merrill Lynch & Co
Goldman Sachs & Co
Hospital Corp. of America
Hospital Corp
Beverly Enterprises
Brunswick Corp
American Home Products
Whittaker Corp
Brunswick
Sherwood Medical Group
American Home
Whittaker
American Telephone & Telegraph
Hewlett-Packard
Amex
Supron Energy
ARCO weighs ending oil credit card service
Atlantic Richfield Co ARCO considers scrapping its consumer credit card program as analysts say the move could spread through the industry. Spokesman Albert Greenstein says the idea is only one option among many to reduce credit sales costs, with three cents per gallon added to gas prices by credit.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Atlantic Richfield Co
Arco
Albert Greenstein
Greenstein
Sanford Margoshes
Bache Halsey Stuart Shields, Inc
New York
Steve Shelton
Southern California
Assn
McDonald’s opens Cedar Rapids largest downtown restaurant
The Cedar Rapids opening at 109 Second St SE marks the metro area’s sixth McDonald’s and 6121st in the world. Mayor Canney will cut a ribbon of $1 bills for the library fund drive as three McDonaldland characters greet guests during a 9:30 a.m. gala. The 184 seat remodel features brass tin ceilings and runs 7 a.m. to 10 p.m. with 80 employees under manager Chris Steele.
MENTIONED IN THIS ARTICLE
McDonald's
Iowa
Second St
Cedar Rapids
J.C. Penney
Jerry Mrozinski
Donald Canney
Mrozinski
Chris Steele
Chrysler and GM Recall 1982 Diesel Cars and 1980 Horizon Minis
GM recalls 80,000 early 1982 cars with 5.7 liter diesel engines after tests show possible throttle sticking from a rivet failure in the governor weight retainer. Chrysler recalls 14,500 1980 Dodge Omni and Plymouth Horizon due to potential front suspension ball joint attachment cracks.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
Chrysler Corp
Chevrolet
Pontiac
Oldsmobile
Buick
Cadillac
Chrysler
Life Investors reports 1981 earnings and 1982 outlook
Life Investors Inc. announced earnings from operations for the year ended December 31 of 14.277 million dollars and 16.951 million dollars for 1980. Operating earnings per share were 1.46 in 1981 versus 1.97 in 1980. the fourth quarter showed a 563 thousand dollar loss or seven cents per share, against 4.8 million dollars or 54 cents per share a year earlier. President Ron Jensen said 1981 was difficult but helped shareholder value, and projected strong 1982 results from insurance operations and new marketing units.
MENTIONED IN THIS ARTICLE
Life Investors Inc
Ron Jensen
Life Investors
Jensen
Hewlett-Packard Unveils Ultra Dense 660000-Transistor Chip
Hewlett-Packard announces a chip three times as dense as current micro circuits. The super memory device packs 660000 transistors in a quarter inch square. Spokesman Dana Seccombe says it holds the most circuitry yet in a single chip and has tested successfully. Transistors sit just forty millionths of an inch apart.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Hewlett-Packard Co
Dana Seccombe
Hewlett-Packard
Also Mentioned on This Page
API Photo Soon Shoes
Converse
Lumberton, N.C
McDonald’s
Idaho
Audrey E. Muckler
Tommy Tucker Realty Ealtors
Dave Knapp
Bruce
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