Burroughs to Buy Memorex for 14.50 a Share in Tie Up
Burroughs Corp will acquire Memorex for 14.50 a share of common stock and merge the firm into a new wholly owned subsidiary. W. Michael Blumenthal says the deal will complement Burroughs disc memory activities with Memorex technology and manufacturing. Washington reports note rising orders and shipments for U.S. manufactured goods in June.
MENTIONED IN THIS ARTICLE
Detroit
Burroughs Corp
Memorex Corp
Memorex
W. Michael Blumenthal
Burroughs
Washington
U.S
Tax legislation boosts pension plans
New federal tax changes expand retirement saving options for workers with company pensions and those without. IRA contributions rise to 2000 dollars for the uninsured, Keogh and SEP limits double, and a new rule lets plan participants contribute tax deductible amounts to either an IRA or their company plan starting January 1, 1982.
MENTIONED IN THIS ARTICLE
Congress
Peter I. Blinsky
Washington
Peat, Marwick, Mitchell & Co
Karen Ferguson
The
Pension Rights Center
Elinsky
Blinsky
Dollar soars as gold falls under 400 in global markets
The dollar hit a five year high against the West German mark and rose past 2.50 marks, with Poland tensions and Reagan tax cuts boosting demand. Gold slipped below 400 an ounce, trading around 398.50 in London and 395.50 in Zurich, while silver fell to 8.27 in London. Currency gains stretched in Tokyo and Milan with the dollar at 243.65 yen and 1,238 lire.
MENTIONED IN THIS ARTICLE
London
Frankfurt
U.S
Poland
Reagan
Zurich
New York
Handy & Harman
Hong Kong
Ourice
Commodity Exchange Inc
Comex
Tokyo
Europe
Milan
Bidding for Conoco nears decision
In a record corporate contest, Du Pont leads a three way bid for Conoco Inc with a 7.3 billion offer as Seagram buys shares and Mobil hints at further action. Seagram holds about 18 percent, while Du Pont seeks 51 percent to close. Justice Department questions loom over Mobil’s 8.2 billion bid.
MENTIONED IN THIS ARTICLE
New York
Conoco Inc
U.S
du Pont Co
Seagram Co. Ltd
Mobil Corp
du Pont
Conoco
Justice Department
Seagram
Mobil
Department
John Flint
Joseph E. Seagram & Sons Inc
North Carolina
GM May Halt Big Car Plans To Save Money
GM may shelve 1983 full sized Buick LeSabre Electra Oldsmobile 88 98 and Cadillac DeVille models to cut costs. A confidential document cited by the Detroit News says the full sized cars would be replaced by stretched mid size front wheel drive versions. GM declines comment while Chevrolet and Pontiac move toward enhanced mid size lines.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Detroit News
Philip Workman
Chevrolet
Pontiac
Money supply debates shape Ottawa talks and markets
The article discusses how the money supply and rising U S interest rates dominated a major Ottawa meeting attended by President Reagan, with global anxiety over weekly American money supply shifts. It explains the differing money definitions M1 M1 plus M2 and M3 including deposits, demand accounts, and traveler’s checks, noting evolving measures as Fed policy aims to clarify this elusive concept.
MENTIONED IN THIS ARTICLE
U.S
Ottawa
Reagan
MIB
ATS
Salomon Brothers
Henry Kaufman
Federal Reserve System
Also Mentioned on This Page
Business Digest
Syracuse
China Post
Robert H. Bean
Illinois
Syracuse China Corp
Midwest
Lynn J. Moore
Empire Airlines
Miss Moore
Empire
Hancock
Ronald C. Jones
CAC Recreation Association Inc
Oneida Ltd
National Industrial Recreation Association
Chicago
New Jersey
New England
Iss Moore
Jones Silvieus
Drew B. Silvieus
Butternut Street
Signal Financial Corp
Bowling Green
Ohio
Signal
Dean Potts
Golub Corp
Price Chopper
Potts
Atlantic & Pacific Tea Co
Gojub
RCA Astro-Electronics
Princeton
N.J
Agway Post
Bruce W. Dunning
East
Agway Inc
DeWitt
Federal Reserve Bank of New York
Liberty St
New York City
You
Sylvia Porter
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