American and Japanese auto makers face quality gap
Analysts note General Motors and Chrysler executives claim U.S. cars match Japanese quality but public perception lags. A rise in mid size Hondas Toyotas and Nissans by 1989 1990 could spark fierce competition while foreign entrants from Taiwan Malaysia the Soviet Union and Romania seek U.S. market share.
MENTIONED IN THIS ARTICLE
General Motors
Jay Stark
Stark
Chrysler
Tom Pappert
Pappert
Big
Ford
Maugh
Taiwan
Malaysia
Soviet Union
Romania
United States
Canada
Virag
Ms. Keller
Japan
Korea
Market up on rally as bond steadies in quiet NY trading
New York stocks rallied after last week’s slide as the bond market steadied. The Dow rose 23.60 to 2,662.95, with NYSE volume at 165.81 million and overall market breadth positive. S&P indexes gained, NASDAQ rose, and AMEX closed higher as investors awaited quarterly reports.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
NYSE
Standard & Poor
S&p
Litton Dow Jones
Lowes
Loyola Cap
Marriott
Mercantile
Avemco
Bukshr
Baltge
M Moore Corp
A Phil
HM Penney
CSX Corp
Patom HE
Clorox
Sears
Southland
Exxon
Standex Fairchild
USF
US productivity up 1.3 percent in Q2 as costs rise slowly
Washington reports a 1.3 percent annual gain in productivity for non farm businesses in the second quarter led by a 4.9 percent rise in manufacturing output. Labor costs per unit rose 1.7 percent while inflation runs at 5 percent for the year, and hourly wages grew 3 percent. Real purchasing power fell 1.8 percent in Q2. Last year wages rose 3.9 percent, outpacing 1.1 percent inflation. Commerce says new home sales rose 0.5 percent in July after a 1.1 percent gain in June, with the median price dropping 0.9 percent to 107000 dollars but capping 13.7 percent above July 1988.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Commerce Department
Farm Prices Dip in August Reflecting 2.3 Percent Decline
United States Agriculture Department reports August prices for farm products fell 2.3 percent from July with drops in cotton, apples, potatoes, and milk offsetting gains in corn and soybeans. Livestock and products rose 0.7 percent from July and were 1.4 percent higher than a year ago. Poultry and eggs led to a 4.8 percent month rise but remained 26 percent below August 1986. Cotton remained 27 percent above August 1986 despite a 17 percent drop from July.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Frederick County National Bank Lowers Checking Fees
An advertisement touts the banks low service charges for personal checking, claiming the most you pay monthly is 3 dollars and no charge if balances exceed 300, urging customers to save to help family costs like shoes, summer camp, and lessons while filling others piggy banks.
MENTIONED IN THIS ARTICLE
Frederick County National Bank
Treasury bill rates jump to 1986 highs
U S Treasury sold 6.6 billion in three month bills at 6.19 percent and 6.6 billion in six month bills at 6.34 percent in Monday auctions, the highest levels since June 1986. The Fed reported one year T bill yields rose to 7.16 percent last week from 7.01 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Shipboard Pizza Run Delights Christina Crew Off Rehoboth
Grotto Pizza made an exception to deliver 20 large pizzas to the freighter Christina, 12 miles offshore, after the Dutch-registered ship anchored near Wilmington. Captain proclaimed the gesture. pizzas hoisted ashore via rope, four at a time, with souvenir cards and lighters. Crew praised the meal though one sailor remained anonymous. The delivery was cleared through customs and paid with $230, no tip.
MENTIONED IN THIS ARTICLE
Rehoboth Beach
Del
Grotto Pizza
Christina
Netherlands
Wilmington
Grotto
Tom Stone
Stone
Lewes
Ron Jansen
Jansen
National Semiconductor to buy Fairchild in $122 million deal
National Semiconductor Corp said it would purchase Fairchild Semiconductor from Schlumberger for $122 million. Schlumberger will take a $220 million after tax loss on the sale and report third quarter losses. Charles E. Sporck, formerly Fairchild’s manufacturing chief, leads the National bid, seen as a personal coup.
MENTIONED IN THIS ARTICLE
Santa Clara
Calif
National Semiconductor Corp
Fairchid Semiconductor Corp
Fujitsu Ltd
Japan
Fairchild
Schlumberger Ltd
Schlumberger
Fujitsu
National Semiconductor
Charles E. Sporck
National
Also Mentioned on This Page
Piedmont Cargo Up
Winston-Salem
N.C
Piedmont Airlines
Piedmont
U.S
Charlotte
Dayton
Ohio
Syracuse
N.Y
Baltimore-Washington International
Wiliam McGee
Cpas
Western Maryland
Maryland Association of Cpas
Silver Tree Inn
Deep Creek Lake
Lawrence Garling Jr
Garland Gordon
General Cable
Frederick
FDIC
FCNB
North Market Street
Rosemont
Rosemont Avenue
Antietam
Thomas Johnson Drive
Opossumtown Pike
East Frederick
East
Patrick Street
Rt. 85
Buckeystown Pike
Fairchild Semiconductor
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