Detroit automakers post record half-year profits surpassing 1983 total
General Motors reports a 16 billion second-quarter profit, lifting GM Ford Chrysler American Motors to over 6.6 billion in first-half earnings. Tax breaks and one-time gains boost results as UAW talks loom. GM plans to spend 30 billion on new products next four years, while GMAC faces a 20 percent drop in Q2 earnings.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors
United Auto Workers Union
UAMW
Ford
Alfred Warren
Warren
Donald Eptlin
UAW
Ephlin
Hohlin
Walter Mondale
Merivn Motors Corp
Gaas
General Motors Acceptance Corp
GMAC
General Motors
Ford Motor
Chrysler
Outboard Marine
Standard & Poor
S&p
American Stock Exchange
Maree Valde
Dow Jones gains 13.25 for week as oil stock drops
Dow and market indices rise in a busy Friday session amid gains in airlines and computer shares. Oil stocks retreat on reports of price cuts by Soviet suppliers and European oil firms, while airline chains advance after strong carrier earnings. General Motors and Ford post gains as bond rally influences persist, with notable volume on the NYSE and mixed moves on the AMEX and NASDAQ.
MENTIONED IN THIS ARTICLE
NEW York
Duto
Retal Aerospace
Shanly
New York Stock Exchange
BTOL
Federal Reserve
Paul Volcker
Eldon A. Grimm
Birr, Wilson & Co
Mobil
Europe
Soviet Union
Mexico
Oit Corp
Exxon
Schlumberger
Sedco
UAL
AMR Ganed Ts
Eastern
Delta
Continental Illinois
NYSE
Chicago
Dollar strength sparks cautious cheer from U.S. economist
Louis Rukesser notes the dollar's vigor reflects multiple causes beyond high rates. He argues a strong currency supports lower inflation, cheaper imports, and broader growth, countering fears of manufacturing harm and unemployment. The piece cites robust US recovery, low unemployment, and global prestige as reasons to view the dollar's rise positively.
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Pedis 24
Dorioh, We. Ste
Faure
Bouref
Tyro
Dow Jones
Fed
Daw Jones
London
Avemco Corp
lata +t CAX Corp
Clorox
Exxadt O
Ant
Tatarebelid v
Ltn
FEM Bancorp Wind
Ted's
Kmart
Litton Ja
Lowes
Mack Trk Marriott Corp
MD Natl Cn Wa
Dats Mercantile
Rakshi WU Murphy
Hafeway
Baker Matis An
Frederick
Louis Rukesser
McNauuut Syndicate
Britain
Italy
U.S
Aso Gale Howe
Itis
Compaq Plus
Compaq
Apple Software
Diablo
Dec Software
McCain
Hechinger
Maryland
Peter Ry Adatee
Mymner
E. Tanehie Mat Margland Tr Torah Beeen
Es Ren
Phear Reer Ald
Nuveen
Nuveen Maryland Trust
Fora £ Company Incorporated
Momma Falbatyy IE
Ferris
Huver Mary Ao Trust
John BD. Connell
Jaime
Feening
Ferns
State Bank
Federal Reserve District
Coldthon
Myersville Savings
Ehsile
Prror
Rik County
Victiee
Poly
U.S. Treasury
Dantes
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Jedd
ANTAL
Capefpal
Vla
Petab Bane
Baz
Rud Rone
Charles S. Marin
Federal Deposit Insurance
George
Wartin
Rand
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