Wall Street reels as Digital Equipment reports weak earnings
Wall Street faces renewed strain as Digital Equipment Corp warns of sharply lower quarterly earnings due to weak PC shipments. The stock plunged from above 100 to 67 in three days, wiping out much of recent gains and triggering broad tech selloffs amid high interest rates. The broader market fell with the Dow and Nasdaq amid lingering rate concerns, even as GDP rose 7.9 percent in Q3. Analysts note bonds offer higher yields, dampening stock appeal, though some expect rates to ease gradually.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Digital Equipment Corp
Digital
Warner Communications
Atari
Texas Instruments
New York Stock Exchange
American Stock Exchange
Commerce Department
Treasury
Newton Zinder
E.F. Hutton & Co
Zinder
Wall
Bond registration shows smooth transition in muni markets
Federal law requiring state and local governments to track bondholders has operated for over three months with surprisingly smooth adherence. Analysts caution it is early to gauge penalties on small issuers and whether costs will exclude them from credit markets.
MENTIONED IN THIS ARTICLE
New York
Harlan Boyles
National Association of State Auditors, Comptrollers
Michael P Buckley
Municipal Finance Officers Association
Buckley
Boyles
North Carolina
Grady L. Patterson Jr
South Carolina
Walter Russells
Jacksonville Electric Authority
Florida
Supreme Court
Susan Voss
Texas
Grains and metals close lower on CM trading week
Prices fell across grains soybeans and metals on the Chicago and New York exchanges. Wheat December settled 3.63 and corn 3.40 a bushel while oats were 1.90 and soybeans 8.32. Livestock also moved lower while pork bellies and hog futures rose. Gold silver and copper declined in New York trading.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Mercantile Exchange
Commodity Exchange
New York
Collins Credit Union Expands in Former Hy-Vee Building
Collins Credit Union opens a renovated 15,296 square foot facility at 1150 42nd St. NE after purchasing and gutting the former Hy-Vee store. Led by Darrell Pierce the credit union serves 29,881 members including 24 small employee groups with assets of 63.75 million dollars. The new site offers auto, real estate and personal loans and links ATMs to Nationet for EFT access across 26 states. The old building will house executive offices.
MENTIONED IN THIS ARTICLE
Collins Credit Union
42Nd St
Darrell Pierce
Credit Union
Nationet
Consumer hot lines shape image and feedback for mega brands
Procter & Gamble used its consumer center to counter Satanism rumors with 100000 plus calls to its 800 number. Johnson & Johnson relies on hot lines for safety crises, while Seven-Up and Coca Cola race to launch toll free centers. GE operates a large 24 seven center with 6000 daily calls and 100 consultants.
MENTIONED IN THIS ARTICLE
Pamela G. Holie
New York Times Service
New York
Procter & Gamble
P&g
Johnson
Coca-Cola Co
Coke
Getcoke
Seven-Up
Coca-Cola
Frantel
Seven- Up
Clairol Inc
General Electric
Powell Taylor
Louisville
Taylor
Archer Named GE Manager in Rome Ga
Terry D. Archer a 1964 Washington High School graduate Cedar Rapids has been named manager of accounting operations for General Electric s Medium Transformer Department in Rome Georgia Archer joined GE in 1971 and has worked in several locations before moving to Rome as a financial analyst in 1979 He has served as manager of operations analysis since 1981
MENTIONED IN THIS ARTICLE
Terry D. Archer
Washington High School
Cedar Rapids
General Electric
Rome
Archer
E.I. Archer of
Solon
Also Mentioned on This Page
Gazette
Don Hornstein
Edward W. Frantel
Philip Morris
The
Whirlpool Corp
Vyal
Justice Electric Company
Dave Justice
Impr
Service & Residential Division
7Th Avenue
Lowa
Fine Printing
Huk Printing Company
Seventh Avenue
Marion
Lindale
Yual Housing
Lindale Mall
Myra Frana
Seventh Ave
Steven Hinrichs
Midland Financial
Midland Financial Group
FSLIC
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