Chrysler Sells Defense Unit To General Dynamics
Chrysler Corp chairman Lee A. Iacocca announced the sale of Chrysler Defense Inc. to General Dynamics for 348.5 million dollars. The division built the M 1 battle tank and the deal, approved by the Pentagon and Chrysler’s board, still awaits Federal Loan Board and other federal approvals.
MENTIONED IN THIS ARTICLE
Chrysler Corp
Lee A. Iacocca
Chrysler Defense Inc
General Dynamics Corp
Iacocca
Chrysler
Pentagon
Board of Directors
Federal Loan Board
AT&T divides 22 Bell companies into seven operating regions
AT&T releases a planning model to split its 22 Bell System companies into seven regional firms as part of a settlement to end a long antitrust suit. Each region will have its own CEO and board, remain separate entities on paper, and be directed by regional leadership.
MENTIONED IN THIS ARTICLE
Washington
UPI
American Telephone & Telegraph Co
At&t
Western Electric
Bell Laboratories
Charles Brown
Pic Wagner
Bell
U.S
Harold Greene
N England Telephone & Telegraph Co
New York Telephone Co
Mountain States Telephone & Telegraph Co
Northwestern Bell
Pacific Northwest Bell
Pacific Telephone & Telegraph Co
Bell Telephone Co
Nevada
Pacific
You Can Direct IRA Investments in Self-Directed Plans
Some IRAs allow self directed investing in money market funds and stocks but you must use a custodian such as a bank brokerage or fund. You cannot act as trustee yourself and no extra IRS filing is required. Institutions must obtain IRS approval to offer these plans.
MENTIONED IN THIS ARTICLE
IRS
Savings and Loan
Internal Revenue Service
Os Angeles Times
American Motors posts 1981 loss of 136.6 million dollars
American Motors Corp reports 1981 loss of 136.6 million dollars with a 32 percent year over year improvement from 1980. Fourth quarter losses widened as automobile and Jeep sales fell while net sales held at 2.6 billion. W. Paul Tippett Jr. cites recession high rates and weak consumer confidence as the era’s cause.
MENTIONED IN THIS ARTICLE
Southfield
Mich
UPI
American Motors Corp
AMC
Jeep
Ford Motor Co
United States
W. Paul Tippett Jr
American Motors
Tippett
January income up slightly amid spending and social security changes
The Commerce Department reports U.S. personal income rose 0.2 percent in January as higher Social Security withholding reduced disposable income. Wages grew 0.25 percent while farm income fell 0.4 percent. Government pay rose 0.6 percent and service-industry income increased 0.3 percent with interest income flat at 2.3 billion.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Ortner
Stocks Hit Four-Month Low Amid Active Trading
New York stocks slid to a four month low as investors weighed high rates and deficits, with the Dow Jones at 824.30 and the NYSE composite at 65.43. Big Board volume reached 51.34 million as Ameri can Telephone & Telegraph and Masonite led the list of active NYSE issues. NASDAQ fell to 180.65 while the NYSE index and several growth stocks faced notable declines.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
New York Stock Exchange
Dow Jones
DJIA
Dow
Standard & Poor
Masonite
Warner Communications
WCI
Dome Petroleum
Supron Energy
National Association of Securities Dealers
Procter & Gamble Iowa City Cuts End Twenty Layoffs
Twenty Procter & Gamble workers at the Iowa City plant completed their last day of work this Friday, after the week of layoffs. A Gazette report had misstated the day as Thursday in its Friday edition.
MENTIONED IN THIS ARTICLE
Procter & Gamble
Iowa City
Gazette
Saudi Arabia reportedly lowers crude output to 7 million bpd
Industry sources say Saudi Arabia cut crude production to 7 million barrels per day from 8.5 million. GM tells over 3,400 Lordstown workers layoffs will be indefinite, with the plant reopening March 1 on a single shift and about 3,000 workers. Peak Lordstown employment in 1978 was nearly 10,000.
MENTIONED IN THIS ARTICLE
New York
UPI
Saudi Arabia
OPEC
America
Lordstown, Ohio
General Motors
Lordstown
Poland pays substantial 1981 interest to U.S. banks
Poland has paid a substantial amount of the 1981 interest to major U.S. banks. Ray V. Toman of Bank of America said as of Thursday 1981 interest has been substantially paid and payments are continuing to come in.
MENTIONED IN THIS ARTICLE
New York
UPI
Poland
U.S
Ray V. Toman
Bank of America
Layoff set for 75 at Rockwell
Rockwell Collins plants in Cedar Rapids announce 106 production job reductions effective next Friday. About 31 workers are to be retained in other roles, with total Cedar Rapids staff around 8,600 and a 23 percent drop from a 11,200 peak 27 months earlier.
MENTIONED IN THIS ARTICLE
Rockwell- Collins
Cedar Rapids
Collins
Word rearrangement puzzle with scoring rules
Instructions issued by Judd require rearranging each row of letters into a 2 to 7 letter word. Score per row shown to the right. 7-letter words earn a 50-point bonus. Blanks count as any letter but have no points. Proper nouns, foreign or hyphenated terms forbidden. Tomorrow’s solution dated 2 20 82.
MENTIONED IN THIS ARTICLE
Judd
Also Mentioned on This Page
Bell of
Pennsylvania
Diamond State Telephone Co
Chesapeake and Potomac Telephone Cos
Virginia
West Virginia
Maryland
District of Columbia
New Jersey Bell
South Central Bell
Southern Bell
Illinois
American Telephone & Telegraph
Datapoint
Digital Equipment
Commodore International
Tandy Corp
Computervision
Syntex
Baxter-Travenol
Wang Laboratories
Amex
Northwest Industries
Lionel Corp
The
American Petroleum Institute
Judd Brand Feature Syndicate, Inc
Meo Juans
Seichow and Righter Co
Scrabble
HUPP
33Rd Ave
Rockwell
United Featur
Ed Jiu
7Th St. S.E
P.O
Park
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