Market tightens near new high on mixed gains
The Dow rose 2.03 to 1,246.14 as gains paused near record levels amid a slow trading day due to the Jewish New Year. Lockheed jumped 4.14 to 117.50 after winning a $2 billion shuttle contract, while Rockwell fell 1% and Apple tumbled further in OTC trading amid IBM competition concerns.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Merrill Lynch
Jack Lavery
Lockheed
Rockwell International
Rockwell
Coca-Cola
Apple Computer
Apple
IBM
General Motors
Ford Motor
Chrysler
American Motors
Exchange
Standard & Poor
S&p
Second notice of rate hike is ordered
Iowa Public Service Co must mail a second, corrected notice about its electric rate increase request. IPS initially claimed a 9 to 10 percent residential rise, but testimony suggested up to 13.9 percent. The measure funds a Muscatine power station.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa Public Service Co
Iowa Commerce Commission
Andrew Varley
IPS
The
Commerce Commission
Muscatine
GM delays debut of new luxury cars to spring
General Motors says its downsized front wheel drive luxury line will not arrive until spring due to transmission issues and may be 1984 or 1985 models. Cadillac unveils a first post 1976 convertible and a customer satisfaction program with a full tank of fuel and gold keys.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Cadillac Motor Division
Robert D. Burger
Cadillac
Burger
Regan questions high interest rates amid falling inflation
Treasury Secretary Donald Regan told the Chemical Manufacturers Association that there is no good reason for elevated rates as inflation eases from 12 percent to about 3 percent. He urged banks and financial institutions to align with the low inflation outlook and rejected deficits as a driver of rates.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Donald Regan
Regan
Chemical Manufacturers Association
Violence in Mideast Cast Shadow on Camp David Summit
Five years ago fresh violence in the Mideast overshadowed President Jimmy Carter as he hosted a Camp David summit in Maryland. The gathering aimed at easing regional tensions drew attention amid renewed conflict and diplomatic efforts.
MENTIONED IN THIS ARTICLE
Mideast
Jimmy Carter
Camp David
Ford offers 24 hour test drives for new Thunderbird and Cougar
Ford Motor Co invites about 500000 people in 50 major cities to test drive the Ford Thunderbird and Mercury Cougar for 24 hours. About 8000 have responded, with invitations going to professionals such as doctors lawyers and college professors in New York Los Angeles and Chicago. The cars were introduced earlier this year after a major facelift producing a new aerodynamic rounded look.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
John P. King
Ford
Bob Bierman
New York
Los Angeles
Chicago
Jobless benefit claims ease after three straight increases
The Labor Department reports first time unemployment claims fell by 22,000 to about 414,000 for the week ending August 27 after three rising weeks. Total insured unemployment rose to 2.987 million, with the rate at 3.5 percent for the week ended August 20.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
West Virginia
Washington State
Idaho
Louisiana
Pennsylvania
Alaska
Rhode Island
Montana
Mississippi
California
Oregon
U.S
Armour workers vote on wage cuts in ConAgra takeover
About 2,000 Armour Food Co. workers at 13 plants vote on wage concessions to save jobs as ConAgra Inc. prepares to take over after paying 166 million. The tentative deal with UFCW targets a contract expiring in 1985 and retention of workers if approved. In Sioux Falls, John Morrell & Co. faces talks with UFCW over 2,400 workers with a Sept 15 deadline for a new contract.
MENTIONED IN THIS ARTICLE
Omaha
Armour Food Co
ConAgra Inc
ConAgra
John Mancuso
Packinghouse
United Food and Commercial Workers Union
The
International
Armour
UFCW
Mason City
Sioux Falls, S.D
John Morrell & Co
Sioux Falls
KELO
Chicago
Toro plants to close in Willmar and Fairmont Minnesota
Toro Co. announced the shutdown of two Minnesota plants in Willmar and Fairmont. Production will move to existing facilities in Shakopee, Minnesota, and Tomah, Wisconsin, with the consolidation to finish by spring 1984.
MENTIONED IN THIS ARTICLE
Minneapolis
Toro Co
Minnesota
Willmar
Fairmont
Shakopee
Minn
Tomah
Wis
Also Mentioned on This Page
Toyota
Cedar Rapids
Seventh Ave
Marion
Pontiac Motor Division
Pontiac
William Hoglund
Detroit News
Hoglund
Commerce Exchange
1St Avenue
Louis Rukeyser
Iowa
MorAmerica/ Morris Plan
Waterloo
Dubuque
Clinton
Quad Cities
Iowa City
Burlington
Sioux City
MorAmerica
Morrell
Toro
Pnce
G. Stephen Billman Paine Webber
2Nd Street
Paine Webber
Municipal Bond Trust
Uwest
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