FTC Fights Over Used Car Guide Rules Clash With Dealers
The FTC seeks a Used Car Buyers Guide on every car sold by dealers, detailing warranty coverage and major defects. Dealers oppose, arguing the rule is costly and vague, risking implied warranties and unclear duties for buyers and sellers. Congress has 90 days to veto, or the rule could take effect in six months.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Federal Register
Congress
National Independent Automobile Dealers Association
FTC
Automobile Dealers
Tehran Street Battles Leave Dozens Dead and Wounded
In Tehran heavy fighting between leftist guerrillas and government forces marked the fiercest clashes since the revolution. Tehran Radio reported several killed and 40 wounded as clashes spread from near Tehran University across central areas.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Tehran
Ayatollah
Ruhollah Khomeini
Komeini
Revolutionary Guards
Tehran Radio
Mohammad Ali Rajai
Mujahedeen Khalq
Associated Press
Tehran University
United States
Khomeini
Abolhassan Bani Sadr
Paris
Mujahedeen
Massoud Rajavi
Bani Sadr
Polish Dissident Group Dissolves During Solidarity Congress
Poland's Committee for Social Self Defense known as KOR announced its disbanding at the Solidarity congress in Gdansk. Spokesman Edward Lipinski blasted Communist Party leaders for dragging the country into economic ruin while noting Solidarity will carry forward the struggle. Internal rifts within Solidarity surfaced as it prepared to vote on a compromise worker rights law amid heavy criticism of Lech Walesa's leadership.
MENTIONED IN THIS ARTICLE
Gdansk
Poland
Communist Party
Committee For Social Self Defense
KOR
Independent Labor Union
Solidarity
Edward Lipinski
Independent Labor Federation
Jacek Kuron
Lipinski
Lech Walesa
Saudis Balk At AWACs Deal In Capitol Hearing
Washington AP reporting that Saudi Arabia vetoed a compromise aimed at congressional approval for the AWACS radar plane sale. Defense Secretary Weinberger argued the planes would guard West oil supply and pose no Israeli threat as he testified before the Senate committee.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Saudi Arabia
Defense
Caspar Weinberger
Senate Armed Services Committee
West
Israel
White House
Congress
Prince Sultan
Continental Illinois Bank Lowers Prime Rate to 19 Percent
Continental Illinois Bank and Trust Co. reduced its prime lending rate to 19 percent, the lowest among major U.S. banks since May. Chairman Donald C. Miller cited rate differentials and market volatility as justification for lowering from 19.5 percent. Last week banks cut to 19.5 percent from 20 percent as funding costs eased.
MENTIONED IN THIS ARTICLE
Continental Illinois Bank & Trust Co
U.S
Donald C. Miller
Continental
Illinois
Federal Reserve Board
Federal Funds
Wall Street Recovers From Opening Slump Amid Market Turbulence
Stocks rallied from steep early losses in heavy trading on the New York Stock Exchange but remained down broadly. The Dow slipped 3.99 points to 820.02 after two hours as margin calls and concerns over the federal deficit pressured prices. International factors and analyst predictions contributed to declines, though bargain hunting and a bank rate cut offered some support.
MENTIONED IN THIS ARTICLE
New York
London
Tokyo
New York Stock Exchange
Joseph Granville
Continental Illinois National Bank & Trust Co
NYSE
Mobil
Sony
Exxon
LTV
Grumman
London Markets Fall Amid Mass Panic On London Stock Exchange
A two week slide turned into a rout as trading opened with shares plunging. Brokers called it mass hysteria and panic with the Financial Times ordinary share index down 23.6 points after the first hour, fears rising that interest rates could push higher.
MENTIONED IN THIS ARTICLE
London
London Stock Exchange
Financial Times
Bank of England
London Exchange
Joseph Granville
Labor Party
Denis Healey
Tony Benn
John Brew
Grierson Grant
Britain
Also Mentioned on This Page
By Louise Cook
Iraq
Abadan
Awacs
Weinberger
The
Wall Street
Arabia
International Energy Agency
Jackson
Hickory
Ottawa
Capone
Faye F. Matteson
Sears
T.V
Sylvania
Nortaki
Haviland
Bavarian
R.L Scott
Tom Bach
Kansas
Homeowners
Shelter Insurance
MFA
MFA Insurance
Neil Satterlee
Rees
Cele
Victor
Money Managers
Ray Shumate
South Main
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