Strong market advance lifts stocks on budding recovery signs
A late buying surge boosted the market with a broad gain led by high tech shares. The Dow rose 13.25 to 1077.91, ending the week up 13.16, while NYSE volume totaled 87 million shares. Unemployment fell from 10.8 to 10.4 percent in December to January, surprising analysts. Pan American World Airways dropped 4.5 to 5% after a $272.9 million Q4 loss. The composite indices advanced across NYSE and Amex, with NASDAQ up 2.21.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Pan American World Airways
Exchange
Standard & Poor
S&p
New Breed of Pirates Plunders Own Ships Worldwide
London AP reports a growing class of marine criminals who plunder their own vessels with falsified documents. Losses near 2 billion dollars. fraud spans diversions, fake sinkings, and cross border schemes.Eric Ellen of the International Maritime Bureau notes fraud is escalating despite efforts.
MENTIONED IN THIS ARTICLE
London
Southeast Asia
West Africa
Eric Ellen
International Maritime Bureau
Ellen
Port of London Authority Police
International Chamber of Commerce
Salem
Senegal
South Africa
Geoffrey Death
London Institute of Underwriters
De’ath
Escne
Mediterranean
Asia
Far East
Singapore
Philippines
Manila Yacht Club
Marcos
Africa
Nigeria
Japan denies unfair trade charges in memory parts dispute
Tokyo officials push back against a U S semiconductor study alleging Japan uses subsidies and government support to dominate world memory parts markets. A Japan Electronic Industry Association spokesman calls the charges groundless while awaiting Washington findings.
MENTIONED IN THIS ARTICLE
Tokyo
U.S
Japan
Japan Electronic Industry Association
Washington
Semiconductor Industry Association
America
International conference on small business in Washington DC
The United States Affiliate of the International Council for Small Business sponsors a conference in Washington DC at the Stauffer's National Center Hotel on February 40-33. Topics include venture creation in emerging industries, impact of regulations, entrepreneurship education, and aiding growing firms. Registration is $10 before Feb 5 and $15 after. contact Dr. Douglas W. Schell in Winston-Salem NC.
MENTIONED IN THIS ARTICLE
United States
The
International Council For Small Business
Washington, D.C
Stauffer's National Center Hotel
St. Gall University
Switzerland
Douglas W. Schell
International Council For Small Business-Usa
Winston-Salem
Bethlehem Steel to close Sparrows Point pipe mills
Bethlehem Steel Corp plans to stop pipe production at Sparrows Point in about three months, laying off more than 900 workers across two idle mills. About 11,200 workers are at the plant, with 4,800 on extended layoff. union leaders will be briefed. The move stems from intense foreign competition and high labor costs, part of a large restructuring charge and a record loss for 1982.
MENTIONED IN THIS ARTICLE
Baltimore
Bethlehem Steel Corp
Sparrows Point
Ted Baldwin
Baldwin
Maryland
Ite
Bethlehem
David Wilson
District 8
United Steelworkers of America
Wilson
Sparrow Point
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Dachner
Tilley
Hoover
Reagan
Mac
Ministry of International Trade and Industry
Ree In Venture Crea
D&d Dry Cleaners
Ridgeville Blvd
MT. Airy
Fort Sale
Valentino
Leopard Lady Wonder Woman
Sing-a-grams
East
Patrick Street
Frederick
Bethlehem Steel
News-Post
Frederick News-Post
Mary
Curtis
Kristi Be My Valentine
Love Daddy
Valentine
Aorry
Wreenor
E. Patrick
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