Interest rate slide boosts stock market gains
The New York stock market rose broadly as signs of economic strength and a drop in open market rates supported gains. The NYSE composite rose to 104.82, the Dow gained 8.61 to 1286.11, while the dollar retreat aided multinational stocks such as Merck and IBM. Volume reached 114.15 million shares.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
NYSE
Federal Re
Federal National Mortgage Association
Financial Corp. of America
J.P. Morgan
Public Service Co. of
Colorado
Ohio Edison
FPL Group
Merck
Upjohn
IBM
Texas Instruments
IRS says protests against taxes level off after growth peak
IRS officials reported a tentative victory in curbing tax protester returns, noting growth has peaked while warning the movement will not disappear. Since 1979, thousands faced audits and hundreds were convicted, with prison terms averaging 18 months for those sentenced.
MENTIONED IN THIS ARTICLE
IRS
Washington
Internal Revenue Service
Philip E. Coates
Coates
How to borrow money with no assets and good credit
A 24 year old free lance art restorer seeks a storefront loan but four banks reject him due to lack of assets and steady pay. Advice suggests finding a co signer or credit union, or postponing until savings provide collateral, plus seeking volunteer business consultants to craft a plan and strengthen guarantees.
MENTIONED IN THIS ARTICLE
Cpas
Dollar climbs in Europe then slides after Volcker remarks
The dollar surged to records in European trade then fell after Federal Reserve Chair Paul Volcker described central bank intervention as a tool for exchange rates, signaling possible action. He said he spoke often with foreign central banks about currency fluctuations as Baker confirmed recent US intervention.
MENTIONED IN THIS ARTICLE
Paul Volcker
Congress
Fed
House
Volcker
Federal
American Telephone & Telegraph
NYSE
Europe
New York
Federal Reserve Board
U.S
London
Washington
Treasury
James Baker III Con
Sears tests two small store formats to expand reach
Sears plans tests of two confined formats in 350 to 500 markets with 10 000 to 100 000 population. The Alma Michigan test opens February 1 carrying hardware paint appliances electronics and a catalog service in 8300 square feet. A second apparel and home fashion store will use about 35000 square feet. Locations and counts are undisclosed.
MENTIONED IN THIS ARTICLE
Chicago
William J. Bass
Sears, Roebuck and Co
Alma
Mich
Bass
Skybus Plans Atlanta HQ and Six City Nonstop Flights
Skybus Inc after buying Frontier Horizon proposes moving headquarters to Atlanta and launching 19 daily round trips from a new Atlanta base to Chicago Detroit New Orleans Washington Orlando and Tampa with all one way fares capped at 99 dollars.
MENTIONED IN THIS ARTICLE
Atlanta
Skybus Inc
Frontier Horizon Airlines
Frontier Horizon
Frontier Holdings Inc
Frontier Airlines
Skybus
Chicago
Detroit
New Orleans
Washington
D.C
Orlando
Tampa
Fla
Pacific Interstate Drops Alaska North Slope Pipeline Plan
Pacific Interstate Transmission Co. says it is withdrawing from a North Slope natural gas pipeline project to the Lower 48 due to improved supplies from traditional producers and financing and completion uncertainties. The unit of Pacific Lighting Corp. links to Southern California Gas Co. in Los Angeles.
MENTIONED IN THIS ARTICLE
Los Angeles
Pacific Interstate Transmission Co
Arctic) Ltd
Alaska
North Slope
Pacific Interstate
Pacific Lighting Corp
Southern California Gas Co
Debentures Planned by Houston Compaq Computer Corp
Houston based Compaq Computer Corp filed a registration with the SEC to sell 50 million dollars of convertible subordinated debentures due 2005. Underwriters include L F Rothschild Unterberg Towbin and E F Hutton. Proceeds to reduce existing bank debt. Phillips Petroleum to close polls on restructuring vote in Bartlesville Oklahoma amid delays in result.
MENTIONED IN THIS ARTICLE
Houston
Compaq Computer Corp
Securities and Exchange Commission
L.F. Rothschild, Unterberg, Towbin
E.F. Hutton & Co. Inc
Bartlesville
Spencer Plant to Hire 25 workers in May
Colwell General Inc of St. Louis announced it will locate a Spencer plant to employ about 25 people in May and reach a 200 worker workforce in two years. The facility will manufacture sampling aids for wall covering, window treatment and social stationery in Spencer and will move into an existing building.
MENTIONED IN THIS ARTICLE
SPENCER — _ Colwell General Inc
St. Louis
Spencer
Colwell General
Heartland Press
Demand Passbo Five Dollar Minimum
A fragmented notice references a five dollar minimum demand, noting varying amounts per individual and totaling dollars in Iowa. The readable text suggests a thrift or payment rule but the exact context and parties are unclear.
Also Mentioned on This Page
Standard & Poor
S&p
American Stock Exchange
Richard Wassenaar
Bondy
Susan Bondy
United States
Tokyo
Money Briefs
Sears
Iowa News Service
SCI
Iowa
Securities Corporation of Iowa
Second Avenue
Cedar Rapids
SIPC
Insuregarde
United Federal Savings Bank
N.E
Tota
Tin Jay
Ments
Lowa
Gua Arger
Morris
FSLIC
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