Airlines raise fee for adjusting fares across major carriers
New York AP report notes United Delta Northwest America West hike to 50 dollars for ticket changes with some foreign routes priced higher. Northwest imposes 75 on certain routes and 200 for a six city promotion. American and Trans World assess or follow, Continental and USAir studying. Travelers seek discounts as fares fluctuate.
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Housing starts dip 2.8 percent in July amid low rates
Washington reports July housing starts at 1.12 million annual rate, down from 1.15 million in June, with declines in the West and Northeast and a slight rise in the South. Single family homes fell 4.1 percent while apartments rose 6.0 percent, aided by mortgage rates slipping toward 8 percent.
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Stocks and livestock prices across markets and commodities
Midland Elevator lists local grain prices with Wheat 3.03, Corn 2.24, Milo 3.66, Soybeans 5.35. US and international stock indices falter amid weak data while Kroger forecasts poor Q3. livestock quotes from St Joseph and Omaha show hogs and cattle price movements, with midwest markets noting declines.
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Rates tumble again at Treasury auction
Treasury data show three month bills sold at 3.10 percent, six month bills at 3.18 percent, both down from last week. The Fed reported one year T-bill yields at 3.43 percent, down from 3.54 percent the prior week, marking the lowest levels in years for these benchmarks.
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Wang Labs Files for Chapter 11 Bankruptcy
Wang Laboratories Inc. filed for Chapter 11 protection in a drastic step to survive and save jobs after a $116.3 million fourth quarter loss. The Lowell company, once a computer industry leader, warned it would shed about 5,000 of 13,000 employees as it restructures amid rapid market changes. Experts warn the industry faces broad risk and possible breakup or disappearance of Wang.
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Wang Laboratories Inc
Richard W. Miller
Wang
Thomas Willmott
Aberdeen Group
George Colony
Forrester Research Inc
Cambridge
Wang Labs
Free consulting teams aid Lawrence small firms
Kansas University's Small Business Development Center will run a fall program matching four-student teams with ten local firms. Director Mike O'Donnell says the course provides real world experience for students and free consulting to small businesses, with supervision and confidentiality guaranteed. Firms must commit time and complete an application via the center.
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Kansas University
Small Business Development Center
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SmithKline Beecham to Launch Consumer Brands Venture
Pharmaceutical giants SmithKline Beecham PLC and Marion Merrell Dow Inc announce a Pittsburgh based partnership to tap the over the counter market. The venture named SmithKline Beecham Consumer Brands may become SmithKline Beecham Marion if Marion Merrell Dow's product mix share hits a set level. Products include Tums Contact Oxy Aquafresh Gaviscon Cepacol Citracel OsCal and a drive to convert prescriptions to OTC. DETROIT Chrysler Finanical Corp negotiates with a 152 bank syndicate to refinance 6.8 billion in loans. Two banks join the agreement, Chrysler trims the loan by 2 billion over two years. The loan package expires March 1 1993.
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Philadelphia
SmithKline Beecham PLC
Marion Merrell Dow Inc
SmithKline Beecham
SmithKline Beecham Marion
Marion Merrell Dow
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Chrysler Corp
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