Merrill Lynch leads Chessie trust pact for $14.7 million
The Chesapeake and Ohio Railway plans an Equipment Trust Certificates issue of $14.7 million, subject to ICC approval. Merrill Lynch White Weld leads a syndicate bid at 99.2906 for 12.625 percent obligations, net interest cost 12.7818 percent. Certificates dated Feb 1 1990 mature over 15 years to finance up to a portion of $18.5 million for 29 locomotives, eight GE built and the rest GM Electro‑Motive. Other syndicates, including Salomon Brothers and Morgan Stanley, also bid.
MENTIONED IN THIS ARTICLE
Chesapeake and Ohio Railway
Interstate Commerce Commission
Merrill Lynch White ‘Weld Capital Markets Group
General Electric Co
Electro-Motive Division
General Motors Corp
Energy department misfires in ERA politics satire
Louis Rukeyser skewers the DOE for tying energy policy to the Equal Rights Amendment. He mocks a memo directing site choices to states ratifying ERA, suggesting bureaucratic overreach and political bias in funding and scheduling. The column laments inefficiency and mocks federal meddling.
MENTIONED IN THIS ARTICLE
New York
U.S. Department of Energy
Department of Energy
DOE
Department
Carl Gustin
Gustin
Uncle Sam
Washington
Executive Branch
U.S
Edward Kennedy
Senate
COMSAT reports 1979 net income rise to 40.2 million
COMSAT posted consolidated net income of 40.185 million for the year ended December 31 1979 up 5.947 million or 17.4 percent from 34.238 million in 1978. Per share earnings were 5.02 up 0.74 from 4.28 on 8,000,104 shares.
MENTIONED IN THIS ARTICLE
Comsat
Clarksburg
Intelsat
Comstar
SBS
Aetna Life & Casualty
IBM
Comsat General Corp
U.S. Navy
Area Stocks Fall After Currency Restrictions Hit NICATELSAT
The company reports area stocks tied to its 49 percent stake in NICATELSAT face currency restriction effects. Fourth quarter 1979 revenues rose by 11.073 million, expenses by 11.794 million, and net operating income fell 0.721 million. Other income swung from a 0.125 million gain to a 1.4 million expense.
MENTIONED IN THIS ARTICLE
Nicatelsat
Also Mentioned on This Page
Ed Keller
Urbana Pike
Evergreen Point
American Resources Co
Frederick
Westminster
Ed Waters Jr
the News
Frederick, Md
Thureday
Business
Frederick County
SOLAR
Merrill Lynch
Chessie Trust Pact
Salomon Brothers
Morgan Stanley & Co., Inc
Blyth Eastman Paine Webber, Inc
Frederick Fair Grounds
SUN
Louis Rukeyser
Gerald Ford
Alfred Kahn
Ms. Magazine
Dow Jones
Ally Fw
ATT
Balt GE
BethSil
Chessie
Cocacl
Exxon
Fairchild Ind
Fedders
Fst Md Bne
Perears
Trent
Ote Mcrae
Mediterranean
Decorator Compact
Nassau
The
Sahara
InpePis Chass
Bectrone
Santry
E. Patrick
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