Coleco abandons Adam computer to focus on Cabbage Patch dolls
Coleco Industries, based in Hartford, says it will sell off Adam home computer inventory and report substantial losses for Q4 and the year. Wall Street welcomed the move, lifting Coleco stock to about 14,375. Analyst estimates for a possible $110 million write-off accompany continued success of Cabbage Patch Kids, which topped $500 million in 1984. Spending on construction rose 1.1 percent in November to a seasonally adjusted rate of $322.2 billion.
MENTIONED IN THIS ARTICLE
New York Times
New York
Coleco Industries
Adam
Hartford
Wall Street
Coleco
Chrysler to automate three plants with robots
Chrysler Corp says it will spend 120 million dollars to automate three stamping plants in Twinsburg Ohio and Sterling Heights and Warren Michigan. The plan includes new presses quick die set equipment and synchronized press lines and robot material handling while employment remains virtually unchanged.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Twinsburg
Ohio
Sterling Heights
Warren
Bob Heath
Chrysler
Heath
Crocker National Faces Massive Losses In 4th Quarter And Year
Crocker National will report a 215 million dollar loss for the fourth quarter and 324 million for the year, among the largest ever for an American banking group. Loans to agriculture and real estate ventures contributed, with Midland Bank of London backing the deficit with a 375 million infusion.
MENTIONED IN THIS ARTICLE
Crocker National
Midland Bank of London
Crocker
Dividends and rates amid broad market concerns
Corporations held back dividend changes last year more than in 1983 as cash hoarding grew amid recession fears. New York Telephone doubles local Connecticut rates for 32 000 customers. Oil prices slump on OPEC doubts. Brazil heads into crucial debt talks before January elections. IRS issues fringe benefits tax guidance with 20 percent withholding rule. Dow falls on rate worries. dollar reaches new highs against several currencies.
MENTIONED IN THIS ARTICLE
Standard & Poor’s Corp
New York Telephone
Connecticut
OPEC
Brazil
IRS
Dow Jones
Pound
London
New York
The Bible on Mary Virginal Perception
The writer argues that some theologians claim New Testament writers mistook kinship terms noting May is called Mary ever virgin in contrast with familial labels. William D. Curtis.
MENTIONED IN THIS ARTICLE
May
Mary
Caterpillar names Schaefer chairman and CEO
George A. Schaefer, a 34-year Caterpillar veteran and director of First Chicago, is named chairman and chief executive officer to steer Caterpillar Tractor Co. back toward profit. He will take the post Feb. 1, succeeding Lee L. Morgan who retires at 65. Robert E. Gilmore remains president until May. Caterpillar has posted nine months of 1984 losses totaling $177 million on $4.92 billion in sales, improving from $334 million losses in the prior year period.
MENTIONED IN THIS ARTICLE
Lee L. Morgan
Robert E. Gilmore
Schaefer
Caterpillar
Also Mentioned on This Page
Coleco Garden
Morton E. Handel
Matt
Carpenter
James
Joseph
Simon
Jude
Mark
Jesus
Christ
Catholic Life
William D. Curtis
Plaza North
J.G. Julian Reed
Hook Cricketeer
Alexander
Hart Schaffner & Marx
Austin Stanley Blacker
Evan Picone
Daniel Hechter
Tudor Park
Caterpillar Tractor Co
London Fog
Mighty Mac
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