Caterpillar and UAW push for compromise in talks
Caterpillar and the United Auto Workers entered a second day of mediation over a five month strike that idled nearly 13,000 workers in Hinsdale Illinois. The firm screened applicants to replace strikers and planned first hires by May 1 while Jerry Brown planned a visit to picket lines.
MENTIONED IN THIS ARTICLE
Hinsdale
Caterpillar
Deere & Co
Deere
Gil Nolde
Markets rally as IBM leads gains on earnings beat
New York stocks edged higher with the Dow up 23.03 to 3292.93 at midday as volume topped 101 million shares. IBM climbed about 1 percent after reporting $1.04 a share in operating profit, with Chemical Bank, GTR, Merrill Lynch, and PaineWebber among active movers. Treasury yields steady, NYSE composite up 1.75 to 225.91. Omaha and St. Joseph livestock markets reported steady to higher terms for hogs, cattle, and lambs with varied weight ranges and prices overall.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Wall Street
IBM
Chemical Bank
GTR
Merrill Lynch
Ogden Financial Services acquires Columbian marketing division
Ogden Financial Services of Topeka gains Columbian Securities Corp marketing division. All customer accounts and registered representatives transfered to Ogden on April 1. Lawrence contact is Don Lehman. Through Columbian Planning/Ken Ogdon Agency, firm sells employee benefit plans to over 200 employers including Lawrence Public Schools.
MENTIONED IN THIS ARTICLE
Ogden Financial Services
Columbian Securities Corp
Columbian
Ogdon
Lawrence
Don Lehman
Columbian Planning Corp
Ken Ogdon
Lawrence Public Schools
Banks Brace for More Prime Rate Cuts After Chemical Move
New York AP analysts expect more banks to trim the prime rate to 6.25 percent after Chemical Banking Corp cut its rate by a quarter point for Chemical Bank and Manufacturers Hanover Trust. The Fed's Friday rate cut spurred the move, with further reductions possible as banks weigh profit impacts. If others follow, the prime would match its 1976 low.
MENTIONED IN THIS ARTICLE
New York
Chemical Banking Corp
Chemical Bank
Hanover Trust
Federal Reserve Board
Federal Funds
Chemical
Carol Stone
Nomura Securities International Inc
Floods Halt Chicago Markets Roil New York Exchange
The Chicago flooding shut the Chicago Board of Trade minutes after opening and led to a broad trade drop on the New York Stock Exchange. Chicago options and mercantile exchanges also paused as river water flooded tunnels, forcing power losses downtown. activity was set to resume for the CBOE and Merc today.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Robert C. Stempel
Stempel
Chicago
Wall Street
New York Stock Exchange
Chicago Board of Trade
Board
CBOT
Chicago Board Options Exchange
The
Chicago Mercantile Exchange
Loop
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Federal Mediation and Conciliation Service
Bernard DeLury
Toyko Stock Exchange
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USDA
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ST. Joseph, Mo
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Dave Bales
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Ron Turner
Missouri
Don Kelly
Ron King
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Warren Anderson
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David Prosperi
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Kinko's
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