Forbes sees turn from lazy money to working money
Malcolm Forbes Jr. told a Cedar Rapids audience that the 1970s created turbulent money habits with cash king and 30 day money. He forecast a shift to a service economy, microprocessor driven information revolution, new financial roles, and smoother transitions funded by planners and lawyers. He warned Congress against blocking this change and noted potential policy and monetary risks ahead.
MENTIONED IN THIS ARTICLE
Forbes
New family of phone stocks debuts on NYSE
The seven regional Bell stocks and the new AT and T opened on the NYSE on a when issued basis. Old AT&T traded near 63.50, while the new AT T started around 19, later drifting lower. Investors in Cedar Rapids were cautious, with many still confused about which moves to take and brokers urging selective selling or holding.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Exchange
Cedar Rapids
New American Telephone and Telegraph Co
At&t
New York Stock Exchange
NYSE
Ameritech
Bell Atlantic
Bell South
NYNEX
Pacific Telesis
Southwestern Bell
US West
Wall
Russ Wiley
Shearson
American Express
Hender
Bob Weinhardt
First Mid America
Dick Roeder
Blunt, Ellis & Loews
Bell System
Phone stocks lift blue chips on brisk market day
Blue-chip shares rose sharply led by new AT&T stock and its seven regional spinoffs. The Dow gained 17.78 to 1,268.80 as 26 of 30 industrials advanced while utilities slipped. Brokerages gained on anticipated commissions from the AT&T shuffle.
MENTIONED IN THIS ARTICLE
NEW York
New” American Telephone & Telegraph Co
At&t
New York Stock Exchange
Dow Jones
Paine Webber
E.F. Hutton
Merrill Lynch
Union Carbide
International Paper
IBM
McDonnell Douglas
Tymshare
Standard & Poor
S&p
LeaseAmerica looks to future as a financial services company
Emmett Scherrman president of LeaseAmerica Corp told 400 guests at the 25th anniversary dinner that the firm may evolve into a financial services company built on its core strengths. He warned that deficits and tax policy could slow the economy and affect capital spending. LeaseAmerica, a Life Investors subsidiary, sits in an $8 billion group after AGO Holding and Ennia merge later this year. Possible ventures include equipment insurance and tailored equipment purchases.
MENTIONED IN THIS ARTICLE
Gary Peterson
Gazette
Malcolm S. Forbes Jr
Forbes Magazine
Cedar Rapids
Stouffer’s
Five Seasons Hotel
LeaseAmerica Corp
Forbes
Houston
Congress
Reagan
Emmett Scherrman
Stouffer's
Scherrman
LeaseAmerica
Life Investors Inc
Life Investors
AGO Holding N.V
Amsterdam
Netherlands
AGO
Ennia N.V
Teledyne Boosts Kidde Stake to 28.4 Percent
Teledyne Inc. has raised its ownership in Kidde Inc. to 28.4 percent, holding 5,628,276 Kidde shares and 26,700 convertible preferred shares. The stake includes holdings in Teledyne directly and through subsidiaries LeFebvre Corp. Universal Gym Equipment Co. and The Ertl Co. Kidde officials declined to comment.
MENTIONED IN THIS ARTICLE
Kidde Inc
Teledyne Inc
The
Wall Street Journal
Teledyne
Securities and Exchange Commission
Kidde Common
Los Angeles
Kidde
Saddle Brook
N.J
LeFebvre Corp
Universal Gym Equipment Co
Cedar Rapids
Ertl Co
Dyersville
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Malcolm Forbes Jr
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S.W
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J.C
Pai
Cee
Radio Shack
Walt Disney Characte
Alt
Disney, Inc
All Rights
CME
Amie
Radeo Shack
an@y CORPORATION