North Carolina Business Activity Slips in November
Wachovia Business Index shows a 0.8 percent decline in November with a 196.0 preliminary reading, while adjusted bank debits fell 5.7 percent. Nonfarm employment rose by 3,600, led by a 2,700 person, 0.5 percent gain in non durable goods manufacturing and a 9.7 percent year over year rise in tobacco. Textile employment held steady with a 0.2 percent year over year increase, and services added 20.5 percent in the nonmanufacturing sector as trade and government mixed results.
MENTIONED IN THIS ARTICLE
North Carolina
Fevel
After Settlement Municipal Bonds Not All Glitter
AP Business Analysis notes New York City's finances show patchwork methods with loose threads that could snag future funding. Municipal bonds face higher costs, possible bankruptcies, and investor caution as bills to ease city bankruptcies circulate, while broader markets test bond versus equity appeal amid expanding economy.
MENTIONED IN THIS ARTICLE
Joan Cunniff
New York
New York City
Business Notes 3 Promoted In Enterprise staff changes
The Enterprise announces department moves at The Enterprise led by advertising manager Bob Lindsay. Charles Couch moves from classified to retail advertising manager with Larry Soloman promoted to fill Couch’s former post. Joe Seldon transfers from The Thomasville Times to national advertising manager. Couch and Soloman bring varied media experience and reside in Greensboro area. Doris B McDowell earns top ten national rating among Dunhill office service counselors for December. Federal Reserve survey shows Fifth District banks report loans and deposits shifts in late December.
MENTIONED IN THIS ARTICLE
Bob Lindsay
Charles c. Couch
Couch
Larry Soloman
Joe Seldon
The
Thomasville Times
Standard Rate & Data Service
Skokie
Ill
Enterprise
Wendy
Woodrow Ave
Soloman
Enterprise Retail
Josephine Cox
Purvis Lane
Archdale
Seldon
Catherine
Federal Reserve Bank
Richmond
Fifth
Federal Reserve District
Trade Winds Credit Growth Soars and Distorts Values
North American Newspaper Alliance reports economist Tilford Gaines of Manufacturers Hanover Trust warns that credit inflation masks real growth. From 1966 to 1975 corporate debt rose 150 percent, consumer and real estate debt doubled, and state local debt jumped 87 percent, signaling inflated income not matching rising costs. Gaines predicts continued high rates with limited near term relief.
MENTIONED IN THIS ARTICLE
Lou Schnever
North American Newspaper Alliance
NEW York
Manufacturers
Hanover Trust
Tilford Gaines
Gaines
Also Mentioned on This Page
Ford Ae
Arsoc
Athanot Securities
Ivey Ag
Eprox
Justia Inds
Matelyibum
Renan Transport
Commissance, Inc
Spn
Lane Co
Eggelt
Platt & Acrot
Cory
Phillips
Sarmine Foods
Piedmont Aviation
We Carolina Cas
Ins
Java
Rex Plastics Lace-Cole Co
Cochrane Furn
Snoweys
Caro
Conner
Horn Ha SC
Gramonuhead Corp
Henradon Furn
Wrloht Machinery
DOW Jones
Mit
Associated Press
Ifam Jasons
Y Ray Hubbard
Kenilworth St
Greensboro
Doris B. McDowell
Dunhill
High Point
Man
Vernon Equipment Company, Inc
New St
Charies
Joe
Doris McDowell
Auction Grocery & Market Equipment Agf
West Ave
Kannapolis
M.C
Hobart Meat Grinder
Hobart Meat
Globe
BEN Hoffmeyer Auction CO
E. Blvd
Charlotte
N.C
Falks
Nash Jewelry and Loan CO
N. Main
Kallarth Hostitaity
New World Cruises
Mexico
Canada
Alaska
Caribbean
South America
Trans-Panama Canal
Gime
World Travel Agency
Carolina Motorwey
North Main &J
N. C
SAAS
George P. Clark
G.lu
Lindsay Street
Iitert
Ban Ame Company Coe
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