Dow hits 13 month high as rally resumes on strong volume
UPI reports a broad market rebound with the Dow Jones industrial average rising 18.49 points to 934.79, the NYSE index up 1.24 to 71.49, and the S&P 500 at 124.88, amid heavy institutional buying and solid Treasury demand. IBM led gains, AT&T boosted by split plans, and Crum & Forster surged on takeover chatter.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
New York Stock Exchange
Newton Zinder
E.F. Hutton
Treasury
Standard & Poor
Federal Reserve
the Nation
At&t
American Can
American Express
General Electric
Merck
Minnesota Mining & Manufacturing
Procter & Gamble Co
Crum & Forster
Xerox
General Instruments
Bendix
Martin Marietta
Good tax records save time money and effort
IRS urges taxpayers to keep detailed records to streamline filing and maximize deductions. Key documents include W 2 and 1099 forms, receipts for medical and charitable expenses, mortgage and real estate tax proofs, interest statements, and proof of property taxes. Store tax returns and records for three years or longer as needed.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
Peoples Bank plans one bank holding company PB Bancorp
Cedar Rapids based Peoples Bank and Trust Co announces plan to form a one bank holding company named PB Bancorp to gain flexibility amid industry changes. Board remains same, no new ownership of other banks, shareholders to vote October 12, with regulatory approval anticipated by year end.
MENTIONED IN THIS ARTICLE
PB Bancorp
Peoples Bank and Trust Co
Ted J. Welch
Peoples
Peoples Bank
Welch
Cedar Rapids
First Avenue
35Th Street
May’s
City Shopping
Westdale Mall
Newhall
Ford to raise 1983 car prices average 39 dollars
Ford Motor Co with GM leads raises 1983 model prices by about 39 dollars on average and cuts some models by 400 to 2000 dollars. Philip Caldwell cites price restraint while considering buying VW of America's Sterling Heights plant to replace aging Dearborn Assembly.
MENTIONED IN THIS ARTICLE
Dearborn, Mich
UPI
Ford Motor Co
General Motors Corp
Ford
Philip Caldwell
Caldwell
Volkswagen of America
Sterling Heights
Dearborn
Chrysler
Continental
FERChead backs total decontrol of natural gas prices
Washington AP Charles M Butler III chair of the Federal Energy Regulatory Commission urges immediate and complete decontrol of all natural gas prices. He argues decontrol could lower prices by ending market distortions, contradicting consumer groups who fear a $20 to $40 billion annual hit. Butler says distortions have pushed gas prices above residual fuel oil, risking higher residential bills as utilities cover fixed costs with fewer customers.
MENTIONED IN THIS ARTICLE
Washington
Charles M. Butler III
Federal Energy Regulatory Commission
Butler
New Chevy S-10 lineup adds two small pickups for 1983
Chevrolet expands the S-10 range with a Blazer front model and a Maxi-cab pickup plus the 1982 regular cab. All three offer four-wheel drive at any speed, four or six cylinder engines, three trims and four transmissions. Payload ranges 1000 to 1625 pounds. Rapids Chevrolet sells them at 601 First Ave SE Cedar Rapids and expects showroom arrival Sept 23.
MENTIONED IN THIS ARTICLE
Cedar Rapids Area
Chevrolet
Rapids Chevrolet
First Ave. SE
Bendix holders to meet as Marietta bid faces hurdle
Delaware Supreme Court cleared a Bendix stockholders meeting for Wednesday to vote on charter amendments to thwart Martin Marietta bid. A Baltimore judge signaled likely denial of a preliminary injunction, while Marietta seeks to buy a controlling Bendix stake after midnight.
MENTIONED IN THIS ARTICLE
New York
UPI
Delaware Supreme Court
Bendix Corp
Martin Marietta Corp
Bendix
Baltimore
Marietta
U.S. District Court
Joseph Young
Young
Southfield
Mich
United Technologies
Citibank
2Nd Circuit Court of Appeals
Manhattan
Toyota and Honda raise 1983 U.S. prices
Toyota and Honda announce increases for 1983 models sold in the United States. Toyota plans an average rise of 3.8 percent about 287 dollars, while Honda posts a 1.6 percent or around 120 dollars increase. Both cite strong demand for fuel efficient Japanese cars and expect continued competitiveness. Other Japanese makers may follow as supply tightness and voluntary export restraint persist.
MENTIONED IN THIS ARTICLE
Tokyo
UPI
U.S
Toyota Motor Co
Honda Motor Co
Also Mentioned on This Page
Dow
IBM
F.W. Woolworth
DJIA
Woolworth
American Telephone & Telegraph
International Harvester
Dome Petroleum
Wang Laboratories
Ranger Oil
National Association of Securities Dealers
Ferchead
Toyota
Honda
Cash Equivalent Fund, Inc
Money Market Fund, Inc
Tamaleeset
Securities Corporation of Iowa
Second Avenue South East
Iowa
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