Foreign automakers capture record share of U S market in August
Imports took 32.7 percent of U S auto sales in August, a record high, with 199 000 vehicles sold. Domestic firms fell 32 percent to 409 411 with daily rates the weakest since 1961. GM Ford Chrysler AMC VW saw steep declines as overall industry dipped 24 percent from August 1981.
MENTIONED IN THIS ARTICLE
Detroit
API
U.S
Toyota
Nissan
Saab
BMW
Mercedes
General Motors Corp
Ford
Automaker
Chrysler Corp
American Motors Corp
AMC
Volkswagen of America
Wall Street Rallies on Fed Ease Hopes Amid Global Turmoil
Stocks climb to near 12 month highs as investors seek quality names. Dow rises to 925.13, led by CitiGroup and Exxon amid heavy trading volume of over 130 million on the NYSE. Bonds and gold advance while NASDAQ and S&P gain as markets price in potential Fed relief.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Federal Reserve
London
Treasury
Dow Jones
New York Stock Exchange
Gold closes at 457 dollars highest in a year
Gold rose to 457 dollars an ounce in New York, the highest since mid 1981, with silver up to 8.95 as panic buying spreads amid fears over Latin American debt and possible nationalizations. London and Zurich quotes followed higher while the dollar traded thin ahead of Labor Day weekend.
MENTIONED IN THIS ARTICLE
Est Bank Holding Company
Bankers Trust
Continental Illinois
Exxon
California Standard
Mobil
Indiana Standard
Atlantic Richfield
Getty and
Phillips
American Telephone & Telegraph
IBM
General Electric
Texaco
Kaiser Aluminum
Louisiana
United Press International
New York
U.S
South America
Marty McNeill
Sinclair Securities
London
Zurich
Mexico
New York Commodity Exchange
Comex
Barclays Bank International
Tokyo
AGO finances found sound after Iowa examination
Iowa Insurance Commissioner Bruce Foudree says AGO International B V and AGO Holding N V are financially sound after a month long overseas examination. He notes the study, begun in October 1981 with a $60 000 appropriation, involved three Iowa examiners in Amsterdam and two Dutch speaking CPAs.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Szette Des Moines
DES Moines
Life Investors Inc
Iowa
Iowa Insurance
Bruce Foudree
AGO International B.V
AGO Holding N.V
Foudree
Iowa Department of Insurance
Department
AGO
Amsterdam
State of
Gan Vie
Hawkeye National
Life Investors-Ago
Life Investors
Cedar Rapids
AGO Life Investors
Rath Packing ends company pension plan as PBGC step begins
Rath Packing Co announces termination of its company funded pension plans as the Pension Benefit Guaranty Corporation prepares to take over. About 1,900 workers at Waterloo are affected while the union contract remains under hold. The firm posted a $7 million third quarter loss.
MENTIONED IN THIS ARTICLE
Rath
Joel Greenblatt
Benefit Guaranty Corp
Washington, D.C
Greenblatt
Internal Revenue Service
Pension Plan
Waterloo
Shorter mortgages aren’t all bad
John Cunniff argues shorter term loans can outperform 30-year mortgages on equity buildup and total cost. He contrasts 30-year and 15-year payments for a $24,500 loan at 13.75 percent, showing far less interest and quicker principal reduction with a 15-year term.
MENTIONED IN THIS ARTICLE
New York
Savings and Loan Associations
Paramount to close Cedar Rapids Mount Vernon Road pharmacy
Paramount plans to close its Mount Vernon Road SE location next weekend after about 15 years in operation. Prescription records will transfer to the First Avenue NE store, which offers longer hours and more merchandise, leaving Paramount with three outlets in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Paramount Pharmacies
Cedar Rapids
Paramount
Terry M. Johnson
Johnson
the Gazette
Mount Vernon Road
First Avenue
27Th St
First Avenue NE
Johnson Avenue NW
Also Mentioned on This Page
Standard & Poor
NYSE
ASA Ltd
Homestake
Dome Mines
Campbell Red Lake
Citicorp
International Paper
Merck
Minnesota Mining & Manufacturing
Procter & Gamble
Union Carbide
United Technologies
Merrill Lynch
E.F. Hutton Group
Donaldson, Lufkin
Jenrette
National Association of Securities Dealers
Hong Kong
Argentina
Rath Pension Plan
John Cunniff
Pontiac
Phoenix
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