Nation Automakers Enjoy Best April Since 78
Major US automakers report April sales up 5.1 percent for the month, the best since 1978, with Chrysler up 24.6 percent and Ford up 12.1 percent while GM edges down 0.6 percent. Nissan begins U.S. sales in Smyrna Tennessee as imports rise 15 percent. The dollar rallies 1.5 percent, lifting its April gains to 7.2 percent with the jobless rate steady at 7.3 percent.
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New York
US S
Labor Department
Nissan Motor Co. Ltd
Japan
Smyrna
Tenn
Chrysler Corp
Ford Motor Co
General Motors Corp
United States
Federal Reserve Board
Tax rate on profits hits 50-year low
The Congressional Budget Office finds that U S corporations paid the lowest average tax rate on profits since 1930, dropping from about 40 percent in the 1960s to 21.9 percent in 1984 due to 1981 tax cuts. By decade's end expected tax increases will erase much of the cuts.
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Washington
Reagan
Congressional Budget Office
CBO
Congress
Treasury Department
U.S
GM Saturn site chatter fuels spread of wrong rumors
GM spokesman Stan Hall said no Saturn plant site has been chosen and reports naming Elkhart Lima Lexington and other cities are false. Governors have pressed GM officials while sites in Ohio Indiana Michigan and beyond were rumored, but Hall stressed there will be weeks before a decision and no denial is needed.
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Elkhart
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Texas
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Illinois
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Arizona
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Canada
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Hall
AutoWeek
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Kentucky
Bill Lovell
Saturn Corp
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Warren
Roger Smith
Record Dalkon Shield ruling alarms drug firms
In Wichita a jury awarded 8.9 million dollars against A H Robins Co in a Dalkon Shield case. Jurors found negligence after a woman said its intrauterine device caused a hysterectomy. In Kansas City a federal judge cut Carl Civella’s 40 year sentence by 10 years with no stated reason.
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Wichita, Kan
Dalkon Shield
A.H. Robins Co
Glenn Cooper
Crime Leader
Kansas City, Mo
Scott O. Wright
Carl J. Civella
Kansas City
Challenger crew edge toward end of Spacelab 3 mission
SPACE CENTER Houston AP The seven man Challenger crew pushed through 13 of 15 experiments aboard Spacelab 3 as they near the mission’s end packing for Monday's Earth return. Mission science director Joe Cremin said data already fills a library with 2.5 million video frames and 210 billion bits of data.
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Bob Overmyer
Bill Thornton
Spacelab
Mission Science
Joe Cremin
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Leroy Menendez
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