This Week This Week Labor and Economic Reports Preview
The schedule lists upcoming releases from the Labor Commerce and Agriculture departments. Reports cover major collective bargaining settlements, June exports and imports, leading economic indicators, labor turnover and work stoppages, savings flows, single family home sales, productivity and costs, agricultural prices, manufacturers shipments inventories and orders, and the price index of new single-family homes. Expected release days include Tuesday Wednesday Thursday and Friday with mid July figures.
MENTIONED IN THIS ARTICLE
Labor Department
Federal Home
F Toan Bank Board
Agriculture Department
Commerce Department
Public sale calendar lists bonds slated for late July
New issues scheduled for public sale the week of July 27 include corporate bonds and notes from Worthington Industries Citicorp Mountain State Telephone and more with varying due dates. Key later dates cover Indianapolis Power & Light Bexar County HFC Dade County health facilities and others across Illinois Michigan Minnesota and Puerto Rico.
MENTIONED IN THIS ARTICLE
U.S
Worthington Ind. Co
Citicorp
Mountain State Telephone
Indianapolis Power & Lt. Co
Ilinois Housing Dev. Authority
Michigan
Bexar County
Minnesota
Board of Commissioners
Port of New Orleans
Used car market rebounds despite 1980 auto recession
DETROIT AP Used car sales rose to a record 18.7 million in 1980 and average price increased 5.3 percent to 3794 dollars, allowing the used car segment to avoid the prior year slump. Hertz Corp said ownership costs for used cars run about 40 percent less than new cars, driving four of five purchases.
MENTIONED IN THIS ARTICLE
Detroit
API
Hertz Corp
Hertz
Bond titan Saunders leads record Morgan Stanley sales surge
Thomas A. Saunders II, Morgan Stanley managing partner, steered AT T’s $1 billion stock issue amid Morgan Stanley’s $3.9 billion in public offerings over four weeks. He notes rapid pricing, 24 hour market exits, and growing underwriter risk as bond prices swing. Saunders, 45, exengineer turned dealmaker, praises Morgan Stanley’s track record and discusses the AT T expansion decision amid Middle East war fears. He lives on Manhattan’s East Side with two children and jogs regularly.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph Co
Thomas A. Saunders II
Saunders
Morgan Stanley & Co
Morgan Stanley
Virginia Military Institute
University of Virginia
Manhattan
East Side
San Francisco
At&t
Iraq
Middle East
Syria
Israel
Continue payments on cheap loan invest money
The column advises investing surplus funds rather than paying off a low interest life insurance loan. With about 8 percent loan interest and CDs earning 14 percent or more, investing can beat the loan, though taxes apply and the policy’s face value lowers if the loan remains unpaid.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Times Mirror Square
Los Angeles
Calif
Senate approves inheritance tax break for farmers and small business
The Senate passed an amendment to the 1981 tax reform package creating a special use valuation raise from 500000 to 600000 for inherited farm or small business property. Under the amendment heirs who continue using the property as established by parents can exempt that amount from high tax rates. Senator Grassley said the move supports family farms and small businesses and complements estate tax reforms.
MENTIONED IN THIS ARTICLE
Washington
U.S. Senate
Max Baucus
D-Mont
Chuck Grassley
Lowa
Steve Symms
Idaho
U.S
Grassley
Senate Finance Committee
Senate
Kidde FMC reports record earnings for quarter and half year
Kidde FMC Corp based in Clifton New Jersey reports the highest second quarter and first half earnings in its history. Primary and fully diluted earnings per share rise to 2.55 and 2.20 respectively with net income 25.8 million and sales 723.2 million. For the six months, earnings per share reach 4.48 primary and 3.89 fully diluted with net income 45.7 million and sales 1.37 billion. Sales improve across all product areas. LeFebvre Cedar Rapids Nissen Universal and Ertl Co. cited among leaders. FMC plans stronger second half performance. Sheller Globe, CHICAGO-FMC, and Cedar Rapids unit noted with improved results amid a year of restructuring and cost reductions.
MENTIONED IN THIS ARTICLE
Clifton, N.J
Kidde
Iowal
LeFebvre
Cedar Rapids
Nissen- Universal
Ertl Co
Dyersville
LeFebvre Banking
Kidde Recreation Products
Chicago
FMC Corp
Robert H. Malott
Malott
FMC
Sheller Globe
Also Mentioned on This Page
Houston
Texas
Burbank
Puerto Rico
Elec
Power Authority
Nashville & Davidson Counties
Tenn
Muscatine
Iowa
Floyd Norris
AP Business
J.P. Morgan
Wall Street
International Business Machines Corp
IBM
New C.R. Organization
Army Aviation Association of America
Rockwell International
Collins Government Avionics
Collins Telecommunications Products Division
Robert L. Lord
Richard E. Derr
John D
Jack) Cosgrove
Jess W. Glance
Army Aviation
Kidde Fmc Corp
Kidde Inc
Sheller Globe Corp
Toledo
Ohio
Iowa City
Keokuk
Charles Devenow
Bill Rinderknecht
Suramac
Millhiser Smith Agency. Inc
Oakland Road
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