Stocks fall to 16 month low as quarter ends
Markets slide as institutions unload for the fourth quarter amid fears of deficits and a recession. The Dow drops to 836.19, NYSE index hits a 1981 low, and volume on both NYSE and Amex rises as investors brace for continued high rates and weak growth.
MENTIONED IN THIS ARTICLE
New York
UPI
Rockwell consolidates operations moving back to Rockwell owned space
Rockwell-Collins staff from Life Investors headquarters began a move to return to company owned quarters. The Telecommunications Products Division with 200 employees will occupy 42,000 square feet on two and a half floors in the Life Investors Building. Most staff head to Building 120 and some to the 35th Street location as the lease ends.
MENTIONED IN THIS ARTICLE
Rockwell-Collins
Life Investors
Rockwell
C Avenue NE
35Th St
Telecommunications Products Executive
Avionics
Avionics Executive
C Avenue
Money supply grows 1.1 billion in week to Sept 9
The U S money stock measures M1-B rose 1 1 billion in the week to Sept 9 signaling the Fed faces no pressure to raise rates. M2 revised July August figures show strength while M1-A fell to 360 billion and the federal funds rate eased to 16 09 percent. Steady rain and unseasonable cold hit Iowa.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Fed
William V. Sullivan, Jr
Bank of New York
Sullivan
Treasury
Layoff at Harnischfeger Cedar Rapids Plant
Harnischfeger announced a layoff of about 195 factory workers at its Cedar Rapids plant effective at the end of next Friday’s shifts. All shifts remain, but the third shift will be much smaller. This follows a prior layoff of over 30 on Aug 28, leaving about 1,025 employees. The action targets lower demand and inventory, and is said to be indefinite with hopes of pickup after year’s start.
MENTIONED IN THIS ARTICLE
Goodyear
Union City
Tenn
Harnischfeger
Cedar Rapids
GNP Falls Again Amid Mixed Economic Forecasts
Government economists report a 0.5 percent second quarter drop in GNP from June to September, the second consecutive decline. Analysts debate future performance as unemployment claims rise and housing starts fall, with some predicting recession while others expect revision and recovery.
MENTIONED IN THIS ARTICLE
Washington
UPI
Otto Eckstein
Data Resources, Inc
Lexington
Mass
Auto makers raise 1982 prices amid mixed increases
American Motors announces a 4.7 to 5.6 percent rise on 1982 domestic cars with an average $332 overall increase after Renault cuts. Jeep models see varied hikes. Amoco Oil raises wholesale gasoline by 4 to 1 cent per gallon in major markets, potentially lifting pump prices by up to 6 cents by year end.
MENTIONED IN THIS ARTICLE
American Motors Corp
Amoco Oil Co
American Motors
AMC
Chicago
Standard Oil Co
Indiana
U.S
Dan Lundberg
Rearrange Row Letters for Short Word Scoring
Puzzle instruction from Judd's Solution Tomorrow 1981 United Feature Syndicate. Players rearrange each row of letters into a 2 to 7 letter word using given scoring directions. 7-letter solutions earn a 50-point bonus and blanks count as letters with no value. Proper nouns and hyphenated terms are forbidden.
MENTIONED IN THIS ARTICLE
Judd
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