Stocks gain as heavy volume sparks first-year high activity
UPI reports a strong market day with the Dow up 6.85 to 871.10 and NYSE volume at 73.4 million, the heaviest since January 1981. Advances lead declines 1,142 to 430 with NASDAQ up, amid Fed money-supply jitters and profit taking in a session marked by heavy institutional trading.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
New York Stock Exchange
Standard & Poor
Joseph E. Granville
NYSE
U.S
National Association of Securities Dealers
Firestone Tire & Rubber Co
Money bulge still intact bonds drop
The money supply fell $600 million in the week ending Jan 20, far below what would prompt the Fed to ease reserves and lower rates. Ml, the M1 measure, dropped to $450.5 billion from $451.1 billion, prompting bond market declines and warnings about Treasury refunding issues.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
David M. Jones
Aubrey G. Lanston & Co
Fed
Jones
Nicholas Marrone
Bank of New York
Treasury
Marrone
P&G to Build Wood Fired Cogeneration Plant in Long Beach
Procter and Gamble plans a 20 million dollar wood fired cogeneration plant at its Long Beach facility to generate electricity and steam. The plant will burn scrap wood from Los Angeles area lumber yards and furniture plants, consuming about 100000 tons annually. About 80 percent of the electricity will power the site, with the remainder sold to Southern California Edison.
MENTIONED IN THIS ARTICLE
Long Beach
Calif
GM cuts prices on 1981 82 models in market stimulus push
General Motors chairman Roger Smith announced sticker price cuts of 500 to 2000 dollars on select 1981 and 1982 cars and light trucks under the 60 day Lets Get Moving program. Cash bonuses and rebates were offered to retail buyers and non fleet customers, despite failed union concessions and looming layoffs.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors
Roger Smith
Smith
United Auto Workers
North America
UAW
Douglas Fraser
Ford
Teamsters approve tentative trucking contract with wage freeze
The National Freight Negotiating Committee of 130 members unanimously approved a tentative deal with Trucking Management Inc. and sent ballots to about 500 locals for a mid February ratification vote. The pact includes a wage freeze with limited cost of living boosts and eases a city delivery work rule.
MENTIONED IN THIS ARTICLE
Washington
Teamsters Union
Rank and File
Harold Gibbons
Teamsters
St. Louis
Kansas City
National Freight Negotiating Committee
Duke Zeller
Teamster
Rank and
Trucking Management Inc
Roy Lee Williams
Arthur H. Bunte Jr
First-year wage increases averaged 10.1 percent in 1981
The Labor Department reports major collective bargaining agreements in 1981 produced an average first-year rise of 10.1 percent for 2.3 million workers across 543 contracts. Construction led with 13.5 percent, overall 9.6 percent average across 8.6 million workers, and 2.2 million workers face upcoming cost-of-living reviews.
MENTIONED IN THIS ARTICLE
Washington
UPI
Labor Department
Department
Bureau of Labor Statistics
Start Keeping Records Now for Sales Tax Deductions
CHICAGO UP I A Now is the time to begin keeping itemized sales tax records if you feel you are not getting a large enough deduction according to the standard tax tables advises Alexander Grant Co certified public accountants The firm says many taxpayers underestimate their sales tax deductions because the standard allowable deduction does not match the cost of living Start collecting receipts for 1981 now for 1982 Your Money.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Alexander Grant & Co
Certified Public Accountants
Iowa Tax Form Error Affects 350 000 Iowans
Iowa tax officials say the 1981 state income tax long forms contain an error. A computer system will auto correct the mistake for those who itemize or take the standard deduction. Revenue Director Gerald Barr expects most filers will not follow the faulty instruction.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Iowa
Revenue Department
Gerald Barr
De Lorean weighs sale amid debt relief bids
John Z De Lorean talks with United States and a foreign firm about selling his troubled Northern Ireland car maker De Lorean Motors. He seeks a partner to join operations as Britain refuses further aid and 1100 Belfast jobs face cuts The WSJ interview also outlines a plan to swap 130 million in British debt for royalties on 25000 dollar stainless steel sports cars. Roosevelt birth note adds historic context.
MENTIONED IN THIS ARTICLE
New York
UPI
John Z. de Lorean
de Lorean Motor Co
Wall Street Journal
de Lorean
General Motors
the Journal
U.S
London
United States
Belfast
Also Mentioned on This Page
Joseph Schlitz Brewing Co
Shell
Standard Oil
Indiana
Mobil
Atlantic Richfield
Exxon
Phillips Petroleum
Amex
Supron Energy
Sonerd
Jared
Cart
CAMA
W.D. McTavish
Tommy Tucker
Franklin D. Roosevelt
Hyde Park, N.Y
Sheraton’s Shelter
The
Sheraton
Hwy
Creal, Bis, Beautiful LA Domis
Tacshesake
Sheraton Inn
Cedar Rapids
33Rd Avenue
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