AT&T to Redeem Convertible Preferred Stock After Sep 30
AT&T will redeem remaining convertible preferred shares at $50 each after September 30 to avoid confusion before its breakup. Shareholders may convert each share into about 1.05 AT&T common shares bySept 30. about 5.7 million shares in ~306000 accounts.
MENTIONED IN THIS ARTICLE
NEW York
American Telephone & Telegraph Co
At&t
Virginia Dwyer
American Bell Inc
T-bill yields rise for ninth straight week
Short-term Treasury yields edged higher in Tuesday auctions, with three month bills at 9.19 to 9.21 percent and six month bills at 9.81 percent in the discount rates. Dealer rates show 9.47 percent for three months and 9.81 percent for six months. Banks and S&Ls may pay up to 9.45 percent on six month money market certificates and up to 9.1 percent on three month certificates, with minimum deposits of 2500 dollars for the shorter terms.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Savings and Loan Associations
Cates
S&ls
Car deductions and investment credits under new rules
The piece explains how car use for work affects deductions and credits. It covers timing of purchase, mileage-based deduction percentage, and how investment credit reduces taxes, noting changes this year including depreciation cost adjustments and the attractiveness of full credit.
MENTIONED IN THIS ARTICLE
Los Angeles Times Service
Credit worries sink stocks and autos in broad market drop
U.S. stocks slumped as fears over Federal Reserve credit policy and higher rates hit sentiment. The Dow fell 16.73 to 1208.53 with declines led by autos, housing and financial issues. Major automakers GM Ford and Chrysler dropped, while oil and service stocks bucked the trend.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
New York Stock Exchange
Fed
Colt to Acquire Delavan in Cash Sale
Colt Industries will acquire Delavan Corporation in a cash transaction subject to Delavan shareholder approval and federal antitrust review. Delavan, based in West Des Moines, makes fuel injection systems for jet engines and spray nozzles with subsidiaries in England and Belgium, and posted 1982 sales of 41.6 million with earnings of 4.4 million. Colt, New York based, reports 1982 sales of 1.5 billion across automotive aerospace machinery equipment and materials.
MENTIONED IN THIS ARTICLE
New York
Colt Industries Inc
Delavan Corp
Delavan
West Des Moines
England
Belgium
Colt Industries
GM plans 1 to 3 percent price hike on 1984 models
Detroit AP GM told dealers it will raise prices 1 to 3 percent on 1984 model cars and trucks sold to fleet owners in early orders. Lowest 1 percent on X cars and small cars, 3 percent on large cars like Olds Cutlass Supreme, 88, 98 and Toronado. S-10 trucks up 1 percent, others about 2.5 percent. Chrysler and AMC earlier signaled 1984 pricing.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Sterling Heights
Mich
Ferndale
Midh
Chrysler
American Motors Corp
Fiat to raise prices across Fiat Lancia Autobianchi models
The Fiat Group announced a price increase across all Fiat Lancia and Autobianchi models effective Monday July 11. The rise averages 2.5 percent on the automaker's entire lineup.
MENTIONED IN THIS ARTICLE
Turin
Italy
Fiat Group
Fiat
Miracle Recreation to shift Grinnell production to Missouri
Miracle Recreation Co plans to move a large portion of Grinnell Iowa production to Monett Missouri after a June 28 board vote. UAW Local 343 President Tim Pefferman says about 40 jobs of 90 could be cut. The move is slated to begin next Monday. officials had no comment.
MENTIONED IN THIS ARTICLE
Grinnell, Iowa
Miracle Recreation Co
Monett, Mo
Miracle
Paul Ahrens
United Auto Workers Local 343
Tim Pefferman
Grinnell
Pillsbury offers $62 a share for Stokely-Van Camp
Pillsbury Co announces a tender offer of 62 a share for Stokely-Van Camp Inc valuing the deal at 170 million. It has already bought 241,935 shares and agreed to acquire 258,065 more at the offer price, with a 1.1 million share minimum and a 55 percent voting stake target. The offer runs until August 1. withdrawals allowed until July 25.
MENTIONED IN THIS ARTICLE
Minneapolis
Pillsbury Co
Stokely-Van Camp Inc
Pillsbury
Stokely-Van Camp
Stokely
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American Telephone & Telegraph
General Motors
Ford Motor
Digital Equipment
Teledyne
Motorola
U.S. Home
Boise Cascade
Potlatch
Weyerhaueser
Great Western Financial
H.F. Ahmanson
Halliburton
Sedco
Baker International
Reading & Bates
Standard & Poor
S&p
American Stock Exchange
Colt
MorAmerica
Morris Plan
Moramerica Financial Corporation
Yaneld
Federal Deposit Insurance Corporation
Iown
Morris
Industrial Loan Thrift Guaranty Corporation of
Iowa
State of
Cedar Rapids
MorAmerica/Morris Plan