IBM antitrust suit ends after 13 years no merit
The government dropped its 13 year old antitrust case against IBM calling it without merit and should be dismissed in a stipulation signed by AAG William Baxter and IBM chief lawyer Thomas Barr. Judge Edelstein noted no court approval was required as parties agreed to drop the case. The action follows earlier settlement talks and Bell system breakup discussions.
MENTIONED IN THIS ARTICLE
Washington
UPI
International Business Machines Corp
William F. Baxter
Thomas Barr
IBM
Barr
U.S
David Edelstein
New York City
Edelstein
Justice Department
American Telephone & Telegraph Co
Bell System
Baxter
New York Stock Exchange
William French Smith
New York
At&t
Solid gains on Wall Street amid antitrust and nuclear drama
UPI reports a volatile week in New York stocks ending with a solid gain as antitrust settlements involving the Justice Department AT&T and IBM weigh on sentiment. The Dow rose to 866.53 with 4.75 points gained, while the NYSE index increased and NASDAQ OTC rose over 1 point.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Justice Department
American Telephone & Telegraph
International Business Machines
Dow Jones
IBM
New York Stock Exchange
At&t
Standard & Poor
General Public Utilities
Three Mile Island
MCI Communications
National Association of Securities Dealers
UAW VOTES to reopen talks with GM and Ford
Union negotiators from Ford and General Motors approve resuming contract discussions as industry slump deepens. Ford Council with 225 members and GM Council with 330 members back the move, aiming to begin negotiations early next year.
MENTIONED IN THIS ARTICLE
Chicago
UPI
United Auto Workers
General Motors Corp
Ford Motor Co
Ford Council
GM Council
Massey Ferguson predicts first quarter loss after 1981
Massey Ferguson Ltd reports a net loss of 194.8 million for fiscal 1981 and foresees an 85 million loss for Q1 1982. The company cites high interest rates and weak commodity prices and says it is negotiating with lenders to restructure credit facilities. The 1981 loss equals 8.60 dollars per share, versus 1980's 225.2 million or 12.79 per share.
MENTIONED IN THIS ARTICLE
Toronto
UPI
Massey- Ferguson Ltd
Massey
Tribune Co says Daily News sales inquiry volume grows
The Tribune Co. of Chicago confirms serious inquiries from potential buyers for the New York Daily News. Stanton R. Cook, president and CEO, releases a progress report on the sale first disclosed December 18, noting no buyers named.
MENTIONED IN THIS ARTICLE
New York
UPI
The
Tribune Co
Chicago
New York Daily News
Stanton R. Cook
Daily News
Cook
Credit rights in consumer lending under state guidance
Money Mechanics from Iowa State University outlines borrower protections when seeking or applying for credit. Lenders must disclose finance charges and APR in writing before signing, and avoid racial, age, sex, or marital-status discrimination during applications. Creditworthiness still matters and some income types may be treated differently.
MENTIONED IN THIS ARTICLE
Money Mechanics
Cooperative Extension Service
Iowa State University
Dome Petroleum Lands $1.7 Billion Production Loan
Dome Petroleum Ltd. secured a 1.7 billion dollar loan from 25 international banks to backstop a planned purchase of Hudson Bay Oil and Gas Co. Ltd. Dome Energy Ltd. will issue preferred shares to acquire the remaining 47.1 percent stake. The loan, signed in New York by Dome Energy's Jack Gallagher and Citibank's William S. Spencer, is believed to be the largest production loan to a Canadian borrower.
MENTIONED IN THIS ARTICLE
New York
UPI
Dome Petroleum Ltd
Hudson Bay Oil and Gas Co. Ltd
Dome Energy Ltd
Dome Petroleum
Hudson Bay
Jack Gallagher
Dome Energy
Citibank
William S. Spencer
Mobil move on U S Steel delayed by FTC inquiry
The FTC asked Mobil Corp for extra information delaying Mobil's plan to acquire up to a 25 percent stake in U S Steel for at least 20 days. Mobil had owned 450,000 of U S Steel's shares and faced antitrust review before proceeding with the purchase.
MENTIONED IN THIS ARTICLE
el Paso Corp
Oklahoma
Anadarko
Consolidated Foods
Marathon Oil
U.S. Steel
Mobil Corp
USS
Marathon
Mobil
New York
UPI
Federal Trade Commission
FTC
Marathon Oil Co
Reagan aide backs idea of new U S gold coin
Murray Weidenbaum, top economic adviser, endorsed a planned gold coin by the Gold Commission. The coin would be minted by the U S Mint and sold for its gold value plus manufacturing cost, with tax and money status still debated.
MENTIONED IN THIS ARTICLE
Washington
UPI
Murray Weidenbaum
Gold Commission
United States
Commission
Treasury
Weidenbaum
President’s Council of Economic Advisers
Reagan
U.S
Resignations Hit Bohemian Savings and Loan in Cedar Rapids
Randall C. Bray quits as president and branch manager Randi Lemon resigns from the northeast side branch of Bohemian Savings and Loan Association. Daniel L. Stevens, senior vice president, assumes charge as the board contemplates a permanent replacement. The moves, effective last Monday, cited policy differences and do not disrupt daily operations.
MENTIONED IN THIS ARTICLE
Randall C. Bray
Bohemian Savings and Loan Association of
Cedar Rapids
Daniel L. Stevens
Bray
Stevens
The
Gazette
Randi Lemon
Association
Northeast Side
the Gazette
One Year Since Lederer Convicted In ABSCAM Case
A federal jury in New York convicted Pennsylvania Representative Raymond Lederer on bribery conspiracy charges. Lederer was the sole congressman reelected after his indictment in the FBI ABSCAM probe.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
Raymond Lederer
FBI
Abscam
Also Mentioned on This Page
Ramsey Clark
Department
Ronald Reagan
GPA
Warner Communications
Atari
Sopron Energy
Houston Oil Trust
New York Mercantile Exchange
New York No. 2
NYMEX
Steinberg
Saul Steinberg
Reliance-Leasco Insurance
Metropolitan Museum of Art
Reliance
Leasco
Dome
St. S.E. C
Lkersedar Rapids P.O
Choice School Properties
Eisenhower School
46Th St
Metro East
17Th St. S.E
Fillmore School
11Th St. N.W
Elizabeth Hatch
2Nd Ave. S.W
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