Steel profits rise in Q2 while auto industry sinks
U S Steel reports 13.5 percent price hikes lift second quarter profits to 160.3 million, a 92 percent rise and a 15 year high. Bethlehem and National Steel also post gains, while Detroit automakers like Ford Chrysler and GM show steep profit declines amid inflation and weak demand.
MENTIONED IN THIS ARTICLE
New York
Detroit
U.S. Steel Corp
Bethlehem Steel Corp
National Steel
National
George Stinson
E. B. Speer
U.S. Steel
Ford Motor Co
Chrysler Corp
General Motors
Chrysler
Lynn Townsend
General
Foreigners Buying U.S. Farmland
AP Farm writer Don Kendall reports USDA land economists say there is little government capacity to track or block foreign purchases of U.S. farmland. They note rising land values and rumored foreign interest, especially from Japan and Saudi Arabia, with no clear evidence of the extent of such sales. Saudi Arabia could have up to $20 billion for overseas investments.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
Agriculture Department
U.S
Middle East
Saudi Arabia
Usda Land
Robert Dd. Revnsel
Department
Reinsel
Burns Sees No Vibrant Recovery Soon
Trade Winds Burns notes six to eight months for Fed credit policy changes to take hold and warns of slow growth. He doubts a near term recovery, saying the economy will remain sluggish for months, with inflation fighting taking priority and higher loan rates possibly triggering a recession.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Fed
Arthur Burns
House
Ways and Means
Burns
Market Drops to Four-Year Low on Inflation Worries
The Dow Jones average closed at 752.58 on Friday, down 31.99 from the week before, while the Associated Press average fell to 234.9, down 9.7 over the same period. The market slid all week as inflation, impeachment concerns, and the Midwest drought weighed on sentiment.
MENTIONED IN THIS ARTICLE
Associated Press
Greensboro area honors and industry notices in brief
Harold W. Gibbardt of The Alderman Company earns master of photography at the Professional Photographers of America convention in Los Angeles while his Greensboro family and career are highlighted. Anserphone of High Point unveils direct dial paging, and Wake Forest offers a CPA review course. Richmond banks report loan and investment shifts, plus Greensboro Local 121 elects new officers of the professional air traffic controllers.
MENTIONED IN THIS ARTICLE
Harold W. Gibbardt
Alderman Company
Los Angeles
The
Professional Photographers of America
North Carolina
Alderman
High Point College
United States Army
Korea
Harold
Photographic Art and Science Foundation, Inc
Professional Photographer of
Anserphone of
High Point
Raleigh
Luana Burwell
Greensboro
Also Mentioned on This Page
Steel Reports
Auto Picture
Stephen H. Miller
AP Business News
Ford
Lee A. Iacocca
North America
Henry Ford
By Lou Schneider
Nawespaper Alliance
Alepoiron
Amerierican Furniture
Ave
Bancshares
N.C
Ma Bankers Trust
Bassei$ Furniture Ve
Beaman Corp. A cc
Black
Inds
la Branch Corp
Brenner Inds
Burnup & Simsoe
Burris Inds
CMC Finance
Carmeron Finance
OVS
Cannon
Carmine Foods
Carolina Cas
Ins
Ave Caro
P&l
Carolina Steel Red
Carolina Wise Flo
Caro Corp
Ava Central Caro, Bank
Central
Vermont
Charter Bankshares
Chatham Mfg
C&s Corp
Citizens
Gastonia
Cocs-Cala Co
Coloniat
Conner Homes
Context
Dantel Internet
Diamondhead Corp
SM Durham Life Ins
Engraph Inc
Lila Emic Corp
SY Fidelity Corp
First Cit Bank&Trust
Viva Food
Forsyth Bank & Trust
Viva Franklin Life Tas
Financial
Guardian Corp
Harrelson Rubber Ca
Henredon Furnitura Dye
Rea Hockory Furniture
Investment
Lhe & Tr
Bbvey Jacks Food
Kanan Transport Am Hone Ince Int
Lane Co
Wa Leegett & Platt Thala Life Assurance Af Carp
Little Giant
Little Mint
Lowe's Companies
Mack's
Multimedia We
Mid South Ins
Mam & Paps Vis
Ncnb Corp
NC Natural Gas
Northwest
Fin Carp
Synercon Corp
Siva
Virginia International WY
Telerent Leasing
Virginia Nat
Wwe Zov4 Textiles, Inc
Walker Shoe
Thalnlmer Bros
VM Washington Group
Transco Companies
Ae Wast Knitting
Triangle Brick
White Shield Co. Uniti
United Care, Bancshares
Ave Wright Machinery
Jemam
DOW Jones
Jemams
Wilbur M. Currie, Cla
Masonic District
A.M
Numa F. Reid
N. C. Masonic Temple
S. Main
Wed
Stanley Shavitz
Commerce Street
Ray Hubbard
Gibtardt
Carolyn
Marcie
Bill
Liza
Hidden Valley Court
Anserphone
Underwood
William L. Underwood
R. J. Reynolds Tobacco Co
North Carolina Traffic League
American Society of Traffic and Transportation
Interstate Commerce Commission
Ee Entenaris Street
High Aint
CPA
Management Institute of
Wake Forest University
Delmer Hylton
Leon Cook
Judson’ D. DeRamus Sr
Richmond
Federal Reserve Bank of Richmond
Federal Reserve District
Joana
Percy E. Sudsbury
Clyde T. Brooks
Lawrence P. Bruce
Clayton L. McCausley
Harold Gibbardt
Anolina
Inad Motor Club
Amerig Fémbbila
United States
Corinda
Carolina Motor Club
North Main St
N. C
First Union National Bank
Is the Young Carolinians Bank
Cadillac
Tna
North State Telephone Company
Thomasville
Jamestown
Archdale C. Ramdleman
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