Easier Money Trends Seen In Banking Borrowing
AP analyzes how far the move to cheaper money will spread as banks cut prime rates for top corporations and Federal Reserve actions add reserves. While some lenders ease terms, most borrowers face varied rates based on credit, location, and bank loan demand. expectations hinge on reserve actions and fall loan demand.
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AP Business News
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Federal Reserve Board
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Hoffa Eyes Entry Into U S Air Industry
Chicago AP reports Teamsters President James R Hoffa seeks foothold in aviation, with overtures to flight engineers and other airline workers. Clarence N Sayen notes potential power to halt fuel supply disputes by uniting crews. Sayen says engineers and Teamsters in active contact as Hoffa aims to gain cockpit access. Virginia enacts first road law in 1632, directing highways to be laid out in convenient places.
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James R. Hoffa
Clarence N. Sayen
Air Line Pilots Assn
Hoffa
Sayen
Teamsters
Continental
Eastern Airlines
Virginia
America
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