Boeing Delta Order Spurs Strong Stock Market Rally
Boeing lands an order from Delta Airlines for up to 60 757 jets potentially worth 3 billion, boosting Boeing and Delta shares while the Dow rises about 8 points. Analysts cite inflation containment, high rates, and a Reagan defense boost as market drivers amid mixed volume of 31.6 million on NYSE.
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New York
UPI
U.S
Boeing
Delta Airlines
Delta
New York Stock Exchange
Ronald Reagan
Reagan
Lame Duck Congress
NYSE
Citicorp
Midwest Market Roundup Signals Mixed Hog and Grain Moves
Des Moines reports show hog trade moderates with light to moderate demand and butchers steady to 50 cents lower for various weights. Cedar Rapids prices edge down for 210-240 lb butchers, sows steady with lighter weights discounted. Grain quotes rise for soybeans and corn futures while oats exit market. farm eggs and meat markets show firm undertone in parts of the Midwest.
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Des Moines
UPI
Cedar Rapids
U.S. West North Central
Federal State Market News Service
Undertone
Midwest
Iowa court bars higher interest on assumed mortgages
Waterloo case lets home buyers avoid paying higher rates on assumed loans unless they are financial risks. Judge William G. Klotzbach voids due on sale terms on pre 1979 loans after the 1979 law banning such clauses. James and Georgeann Martin sued Peoples Mutual Savings and Loan Association in Waterloo over an 11.25 percent rate on a 9 percent loan.
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Iowa Supreme Court
James
Georgeann Martin
Waterloo
Peoples Mutual Savings and Loan Association of Waterloo
Klotzbach
Iowa Attorney General’s Office
Iowa
J C Penney posts third quarter profit drop to 76 cents
J C Penney reports a 10.1 percent fall in third quarter earnings to 0.76 a share from 0.86 with nine month profit at 1.04 down from 1.60. Net quarter income 54 million on 2.853 billion in sales. Chairman Seibert cites higher costs behind the decline despite sales gains. Delta orders 60 Boeing 757 jets valued at 3 billion, largest commercial order ever. Deliveries to 1990. UAW chief Fraser criticizes ITC ruling on Japanese imports and plans to press Congress for authority to negotiate limits.
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Va Sonres
New York
New York Time
Gulf Oil
UPI GulfaWs
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Heinz
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Inexco
IBM
Intit&t
Trinity Ind
AmStors
AmTelTel
itekCorp
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AMF Ametek
Ampex
Va Soto “ v
Amstor
Jen Jsn
JonLogn
UndilCal
ASRCO
Va JoyMfg
Avnet Inc
Boker
Kenneit
Upjohn
Abe
VeingerPn Kennett
Keert
Wolgin
KnightRi
WarnLoa
Block&d
Ulbya
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Union
Lehm
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Midwest
x-Phi
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Citicorp
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Motoria
Col Gas
mistTel
Nabi
Onoco
NCR Corp
DanRiv
Ohio
Dillion
Disney ‘Syn
Pactt
Wva
OrPeppr
Pan Am Air Dow Ch
Mia- Panhon
DowJns
Oravo
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DuPont
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Basco
Phil Mo
Eastern Air
Philipsin
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Pitney
Emer
Exxon Cp
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Faberge
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Gerber
Sears
Getty
Shaklee
Gillette
Shell Oil
thCo
UPI
J.C. Penney Co
Donald V. Seibert
Penney
Boeing Co
Delta Airlines
Boeing
Delta
Eastern Airlines
McDonnell-Douglas
Detroit reports record 1643 domestic auto dealers out of business
Automotive News reported a record 1643 domestic auto dealers closed in the 1980 model year, the largest annual loss in 18 years. Losses were heaviest from April to September 30, totaling 1176 closures, compared with 468 in 1979 and 89 in 1978.
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Detroit
UPI
Automotive News
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Liberty Thrift and Finance Corporation
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Ames
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