Economists expect little relief in 1992 says NABE poll
A NABE survey of 49 forecasters predicts only 1.5 percent growth in 1992 amid a weak recovery. The panel sees unemployment averaging 6.9 percent this year and 6.5 percent in 1993, with lingering high consumer debt cited as the main drag. A separate NABE poll of 230 members shows most disfavor fiscal stimulus while calling the Fed rate cuts somewhat appropriate.
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National Association of Business Economists
Lynn D. Michaelis
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United States
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Dow climbs after GM losses cap mixed market day
The Dow rose 2.23 to 3,282.42 on Monday amid anticipated General Motors losses. The session saw more declines than advances on the NYSE about 10 to 7, with volume around 177.5 million shares. Other indexes moved mixedly with the S P 500 at 412.27, the Industrials at 490.59, Nasdaq 624.93, and the Amex at 411.80.
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NEW York
General Motors
New York Stock Exchange
Standard&Poor
Market Update Stocks and Treasury Rates Rise
Area stock prices show gains with Dow at 2282.42 and NYSE volume at 178.856 million shares. Wheat and soybeans futures traded with mixed percentages as Treasury short-term rates climbed to 3.96 percent in three month bills after an $11.3 billion sale, reflecting higher borrowing costs.
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Washington
Treasury
Treasury Department
Apple unveils HAL like voice activated Macintosh
Apple Computer showcases a HAL like voice activated Macintosh capable of recognizing continuous speech and responding. demoed in Monterey after earlier Tokyo and Southern California showcases. experts praise progress but warn desktop availability remains years away. Casper callsigns and noise handling cited as work in progress.
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San Jose
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Apple Computer Inc
Apple
Wayne Rosing
Advanced Research
Sun Microsystems Inc
John Cook
Monterey
Tokyo
California
Mr. Cook
Marvin Minsky
Massachusetts Institute of Technology
Hal
Casper
Kai-fu Lee
Carnegie Mellon University
Pittsburgh
Lee
John Sculley
Levi's Offers Health Benefits to Unmarried Partners
Levi Strauss & Co, the largest U.S. clothing maker, will provide health benefits to unmarried partners of its 23,000 U.S. workers starting June 1. The policy aims for non discrimination and applies to living, financially interdependent couples, with coverage equal to spouses except for tax treatment.
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Levi Strauss & Co
U.S
Reese Smith
Levi
Levi's
San Francisco
Berkeley
Seattle
Reese
Dollar tops 129 yen as Tokyo shares slip on slow trade
In Tokyo the dollar climbed to 129.26 yen, marking its highest level this year, while stock prices eased moderately amid thin trading conditions. The gain came from a 0.61 yen rise from Friday’s close, reflecting cautious sentiment in a quiet session.
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Tokyo
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