Dow closes at record 1292 with broad gains
U.S. stock markets surged to new highs led by the Dow Jones average which rose 14.79 to 1,292.62 as other indices also set records. The session ended with a late buy program propelling a broad rally after a day of profit taking.
MENTIONED IN THIS ARTICLE
Dow
New York
Wall Street
Newton Zinder
E.F. Hutton & Co
Dow Jones
NYSE
Standard & Poor
S&p
American Stock Exchange
Michael Metz
Oppenheimer & Co. Inc
Notable Dow Milestones Then Rally At Record Highs
The Dow Jones advanced through 1982 83 with large one day gains, new closing highs above 1000 and 1200. Investors cited recovering economy low inflation and stable rates. Brokerage issues rose while AT T led volume amid Bell System selloff and General Mills trade on divestment news.
MENTIONED IN THIS ARTICLE
Zinder
Metz
Hutton
First Boston
Paine Webber
Merrill Lynch
American Telephone & Telegraph
Bell System
General Mills
Bondy on Money Mystery and an economics text
A Harvard professor sleuth uses economic ideas to solve a murder in Murder at the Margin by Marshall Jevons. The book explains game theory and practical economic principles through Professor Spearman as narrator.
MENTIONED IN THIS ARTICLE
Bondy
Susan Bondy
McNaught Syndicate
Harvard Economics
Marshall Jevons
Professor Spearman
University of Virginia
Henry Spearman
Milton Friedman
Ford unveils two 1986 models Earth Project marks reveal
Ford Motor Co introduces the Taurus and Sable, midsize four door sedans and wagons, in a 2.9 billion push dubbed the Earth Project. The launch coincides with Philip Caldwell’s retirement as Donald Petersen becomes chairman. The cars use front wheel drive, new assembly at Atlanta and Chicago plants with robots, aiming for about 20 percent higher output. The lineup replaces the LTD and Marquis, with five to six seat versions and engines including a 2.5 liter four and optional 3 liter V6.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
Philip Caldwell
Caldwell
Hollywood
Donald Petersen
Atlanta
Chicago
General Motors Corp
Ford Ltd
Taurus
Sable
Mercury
Maytag reports record 1984 sales and profits
Maytag Co. reports 1984 sales of 642.6 million and earnings of 63.1 million or 4.63 a share, up from 1983. Daniel J. Krumm says the company is riding a crest of demand for heavy appliances and notes new products like a computer touch control dishwasher and a stacked laundry unit.
MENTIONED IN THIS ARTICLE
Newton
Iowa
Maytag Co
Daniel J. Krumm
Ron Froehlich
Maytag
General Mills weighs sale of toy and fashion units
General Mills Inc. says its board will explore selling the toy and fashion lines including Kenner Prowats, Parker Brothers, Izod and Ship'n Shore. The divisions generated about 1.4 billion of 5.6 billion sales and a quarter of operating profits, with the company likely to focus on food and restaurant businesses thereafter.
MENTIONED IN THIS ARTICLE
Minneapolis
General Mills Inc
Kenner Prowats
Parker Brothers
Izod
Ship’n Shore
General Mills
Also Mentioned on This Page
Associated Press
Thomas Horton and Daughters
New Town Drive
Sun Lakes
Arizona
Ginnie Mae
Morine
Eulev
State of
Downrift Guaranty Corporation of
Ever
Akei
United Federal Savings Bank
Cedar Rapids
N.E
Money Briefs Maytag
Charles E. Burd
Robert E Kazimour
John B. Walters
Richard J. Felter
Milton R. Langer
David FE
Unzeitig
Theodore L. Kubicek
John Vosatka
George J. Novak
Second Street
Williams Blvd
Dennis L. Forke
CPA
H.D. Gilchrist
Philip D. Gent
Randall R. Smith
James T. Wills
Richard C. Finley
John R. Eisenman
Shirley A. Hurt
Connie K. Johnston
Kathleen M. McClurg
James K. Swain
Marilyn M. Hellmann
Center Pt
Mt. Vernon
Marion
Tqual HO Lene
Washington
Slowa
Federal Home Loan Bank
FSLIC
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