Wholesale price rise slows to two-decade pace
Government data show September wholesale prices up 0.2 percent, aided by lower new car and gasoline costs, with the year’s rate at the slowest in 20 years. Food costs rose 0.7 percent led by vegetables, while energy and capital equipment moved modestly. Analysts foresee inflation risks next year but note continuing industrial production growth.
MENTIONED IN THIS ARTICLE
Washington
White House
Larry Speakes
James Pihera
Georgia State University
Labor Department
Pihera
IBM
The
Federal Reserve
Fed reports fall in money supply sparks rate decline
The Federal Reserve said its M1 money measure dropped to $517.2 billion for the week ending Oct 5, signaling looser liquidity and a likely pause in rate hikes. M2 and M3 rose modestly, while bank lending and reserve data showed mixed results as markets anticipated lower rates through year end.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Federal Reserve
Wall Street
Frank Mastrapasqua
Smith Barney, Harris Upham & Co
Treasury
Central Bank
Harold Nathan
Wells Fargo Bank
San Francisco
Fed
Federal Reserve Bank of New York
New York City
Federal Funds
Federal Reserve System
Federal Reserve Bank of St. Louis
Federal Reserve Banks
FMC weighs reorganization options for Construction Equipment unit
A New York consultant firm has recommended consolidating FMC Corp.s sagging Construction Equipment Group including Cedar Rapids operations. Booz Allen Hamilton has provided various options, but a decision timetable remains unclear. Cedar Rapids plants are 10 years old except an engineering facility, with a near new site and old Sixth Street plant. unionized Cedar Rapids workers contrast with nonunion Kentucky plants.
MENTIONED IN THIS ARTICLE
New York
FMC Corp
Cedar Rapids
Booz, Allen & Hamilton
FMC
FMC Construction Equipment Group
Bannockburn
Lexington
Bowling Green
Sixth Street
Bowling Street
C Street
FMC Group
Kentucky
Omitted Iowa City Banks in Nationet Transfer Story
A Gazette correction notes five Iowa City area financial institutions were left out of a report about Nationet the 26 state electronic funds transfer system. Networks include ITS Inc Des Moines which serves Iowa Nebraska and South Dakota and is among 12 networks in Nationet. The missing banks listed are First National Bank Hawkeye State Bank American Federal Savings and Loan Hills Bank and Trust Co and United Bank and Trust.
MENTIONED IN THIS ARTICLE
Iowa City
U S trade surplus with communist nations shrinks markedly
A new U S International Trade Commission report shows the spring quarter surplus with 13 communist countries fell to 115 million. For the first half of the year the overall surplus was nearly 2 billion lower than 1982, as imports from those countries rose while U S shipments declined.
MENTIONED IN THIS ARTICLE
Washington
United States
U.S. International Trade Commission
U.S
Soviet Union
China
Nist
Market Mixed As IBM Drags Despite Favorable News
Wall Street closed mixed as favorable economic data failed to spark momentum. The Dow edged up 2.14 points to 1,263.52 with IBM slipping about 1 percent after a quarterly profit near expectations. Volume reached 71.60 million shares on the NYSE.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Also Mentioned on This Page
OND
Dept. of Labor
Dick Curtis
Chevyl Foster
Ingersoll-Rand
Wichita Falls
Texas
Gulf
Sheraton Inn
33Rd Ave
Nuzum Volkswagen
Council St. NE
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