Operating rate climbs as inventories rise in December
The Fed reports industrial operating rate at 81.9 percent in December up from November. Analysts warn high inventory levels, especially retail stock, may curb first quarter growth while some expect inflation to stay tamed if rates stay below about 85 percent.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Commerce Department
Roger Brinner
Data Resources Inc
Steven Wood
Chase Econometrics
Wood
General Motors Corp
United States
Canada
Midland
V.I.P
FSLIC
Pension plans outdated says Dallas professor
A Dallas UT Dallas professor Edward Harpham argues private pension plans fail due to short job tenures, company failures, and federal policy. The study notes Braniff's pension collapse after bankruptcy and cites 300 firms ending plans since 1980 with $2.8 billion in surplus. It urges tax and labor law changes to create worker owned separate trust funds.
MENTIONED IN THIS ARTICLE
Dallas
Edward Harpham
University of Texas At Dallas
Harpham
Braniff International
Braniff
Harding Lawrence
ITT plans $1.7 billion divestiture
ITT Corp plans to divest about a dozen subsidiaries valued at 1.7 billion dollars, mainly from natural resources and industrial technology. The move targets a reduced natural resources footprint while boosting focus on telecommunications and diversified services, including Hartford Insurance and Sheraton Corp. stock considerations.
MENTIONED IN THIS ARTICLE
New York
ITT Corp
ITT
Telecommunications
Diversified Services
Hartford Insurance Group
Sheraton Corp
New York Stock Exchange
Blue chips lag again as market posts broad gains
The Dow fell 0.11 to 1230.68 while NYSE measures rose with gains across indicators. Advancers outpaced decliners 2 to 1 on the NYSE, NASDAQ and AMEX showing divergent strength in smaller issues. Volume was 135.52 million on the Big Board, Nasdaq up 2.46, S&P indices up modestly.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Standard & Poor
Chamber names Suki Cell to government relations director
The Cedar Rapids Area Chamber of Commerce appointed Susan H. Suki Cell as director of governmental relations a new post aimed at promoting pro business legislation. She will liaise with city county and state officials and coordinate with the chambers legislative committees and the Des Moines presence during sessions.
MENTIONED IN THIS ARTICLE
Cedar Rapids Area
Cedar Rapids
Des Moines
Iowa
Waller
FCC flags cordless phones with excessive power
The FCC announced that some cordless phone makers sell models exceeding legal power limits. It may fine manufacturers ban sales require recalls or refer the case to the Justice Department. FCC attorney Robert Ungar said the goal is to remove the over power phones from the market.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Justice Department
Robert Ungar
FCC
Oil Demand Rises in 1984 But Prices Decline
The American Petroleum Institute said domestic oil consumption grew 3.5 percent in 1984, the first gain since 1978 and the strongest in seven years, though still 16 percent below peak levels. Exxon lowered its price for West Texas Intermediate crude by one dollar per barrel to 28 dollars.
MENTIONED IN THIS ARTICLE
New York
American Petroleum Institute
United States
Exxon Corp
U.S
West Texas Intermediate
Also Mentioned on This Page
Sheraton
Continental Baking Co
Hostess
Ralston Purina Co
Eason Oil Co
Natural Resources
ITT Bayonier
O.M. Scott & Sons Co
Carbon Industries
W. Atlee Burpee Co
Pennsylvania Glass Sand Corp
Rade Shack
Radio Shack
First Ave
S.E
Nawntown
Cellar Rapids
Lindale Mall
Panasonic Sr. Partner
IBM PC
North Computerware
Second St
Iowa City
Pittsburgh
Dow
Midlan
Royal
Marion
Anamosa
Dyersville
Maquoketa
Monticello
C.R. Chamber
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