Consumer borrowing rises signaling possible recovery
The Federal Reserve reports March installment credit rose by 990 million, the largest jump since October, amid slower auto lending and a rare March drop in consumer prices. Analysts see it as a signpost toward recovery, with cautious lending and spending shaping the economy.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Fed
Lacy H. Hunt
Fidelity Bank
Philadelphia
Consumer
Hunt
Gas prices rebound as Lundberg notes end of decline
Oil expert Dan Lundberg says the year long decrease in gas prices is over with a half cent per gallon rise nationwide in the last three weeks. 17 000 stations in 50 states show regular leaded gasoline at 118.49 cents per gallon including taxes, wholesale costs up 1.61 cents to 94.22 cents without taxes.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Dan Lundberg
Lundberg
Atlantic Richfield
Arco
All Savers Certificates praised for tax free income edge
An economist defended All Savers Certificates as strong after tax gains for middle income savers. He cited 30 percent bracket taxpayers who bought at 10.77 percent, noting after-tax yields surpass six month money market and 30 month certificates despite higher nominal rates, with savings boosted by tax advantages. The 10.37 percent rate remains available through Saturday.
MENTIONED IN THIS ARTICLE
ASC
James W. Christian
United States League of Savings Associations
Christian
Cedar Rapids Exports Rise in World Trade Week Report
The International Trade Bureau of the Cedar Rapids Chamber of Commerce reports Cedar Rapids area exports rose about 17 percent. The total reached 471 million dollars, down slightly from 475 million the prior year, with a late addition of 85 million bringing the new total to 556 million.
MENTIONED IN THIS ARTICLE
Cedar Rapids
International Trade Bureau of the
Chamber of Commerce
Treasury Bill Yields Fall In Latest Government Sale
The Treasury sold 4.7 billion of three month bills at 12.248 percent and 4.7 billion of six month bills at 12.236 percent. The new 91 day savings certificate will pay 12.248 percent at savings and loans and 11.998 at commercial banks starting Tuesday.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Corporate profits falter in first quarter 1982 reports
The New York Times reviews 270 firms with 60.4 percent posting losses and 39.4 percent gains. Airlines led declines with all 10 on the list showing losses, including United Airlines at 129.3 million and Delta at 18.4 million. Oil profits were mixed to lower, Occidental down 76 percent and Exxon down 23 percent amid weak currencies.
MENTIONED IN THIS ARTICLE
Phillip H. Wiggins
New York Times Service
New York
The
New York Times
UAL Inc
United Airlines
Delta Air Lines
Champion International Corp
Diamond International Corp
Occidental Petroleum Corp
Exxon Corp
Iowa Beef recalls 120 workers as market improves
UPI reports improved market conditions and cattle supply prompted the recall of 120 workers from the Iowa Beef Processors plant in Fort Dodge on March 22. Dakota City Nebraska plant still has 350 workers temporarily laid off after 200 were recalled Thursday.
MENTIONED IN THIS ARTICLE
Fort Dodge
UPI
Iowa Beef Processors
Dakota City
Neb
Forest City plant marks first anniversary with growth view
Forest City plant, a distribution center for the Minnesota company 3-M, marks its first year of operation. Plant manager Don Pilgrim says the future should be one of growth as the facility buys more than 4,000 products from 24 manufacturing locations and ships about 2,000 orders daily.
MENTIONED IN THIS ARTICLE
Forest City
3-M
Don Pilgrim
Minnesota
Pilgrim
Iowa Mold Tooling recalls workers as demand improves
Garner Iowa Mold Tooling Co Inc begins recalls after layoffs in April. President Francis Zrostlik says business is fair to good but not good enough, with 21 workers recalled last week and eight more returning Monday. A total of 128 employees were laid off, including 120 production workers and eight office staff, blamed on high inventories and weak demand.
MENTIONED IN THIS ARTICLE
Garner
Iowa Mold Tooling Co. Inc
Francis Zrostlik
Zrostlik
Stocks fall after six straight gains on Wall Street
New York trading sees declines across Dow Jones, NYSE and NASDAQ as investors cash in on profits from last week. Dow down 8.28 to 860.92, S&P 500 off 1.09 to 118.38, Nasdaq -0.56 to 187.57 amid mixed moves in Lilly, Exxon, Mobil and IBM. Large volume on the Big Board and widespread declines chatter through tech and oil stocks.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow Jones
DJIA
Standard & Poor
Eli Lilly
Lilly
Jack Eckerd
ICN Pharmaceuticals
Barron’s Financial Weekly
ICN
Mobil Corp
Mobil
Exxon
Tandy Corp
Dome Petroleum
Ranger Oil
Gulf Oil of Canada
National Association of Securities Dealers
Reagan backs safety net plan for thrift industry
President Reagan endorses legislation to create a federal loan guarantee safety net for thrifts and allows banks to absorb troubled thrift institutions. The Treasury confirms support for promissory notes to cover potential losses beyond standard deposits. William OConnell of the U S League of Savings Associations praises the move and urges Congress to act.
MENTIONED IN THIS ARTICLE
Washington
UPI
Reagan
Treasury Department
Fernand St Germain
D-R.i
House Banking Committee
Federal Insurance Corporation
William O’connell
U.S. League of Savings Associations
Congress
Also Mentioned on This Page
Labor Department
C.R
Iowa
Bloom County
Berke Breathed
Penguin
IBM
Gayewe
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