Dollar buys more abroad as U S travelers gain value
US tourists find the dollar buys more across Europe with higher exchange rates. Prices for pubs and hotels rise in local currencies, but dollar buys about 14 percent more than last year, attracting travel up to 7 to 15 percent higher visits to Britain France Spain and Italy amid favorable rates.
MENTIONED IN THIS ARTICLE
London
Europe
U.S
Washington, D.C
British Tourist Authority
Crazy Horse
Paris
Piccadilly Hotel
Spain
Italy
Fetein Matta
Belgium
Britain
Canada
Denmark
France
Gérmany
Japan
Norway
Switzerland
Swedert
Aspartame deal signals first U S soft drink use
G D Searle & Co agreed to supply Coca Cola with aspartame marking the first U S contract for the sweetener in carbonated drinks. Terms were not disclosed. A Coke spokesman said products using aspartame are not yet defined and will likely blend it with saccharin. Aspartame’s safety was previously approved by the FDA for beverages.
MENTIONED IN THIS ARTICLE
G.D. Searle & Co
Coca-Cola Co
U.S
Coca-Cola
Carlton Curtis
Curtis
Searle
FDA
Canada
Ireland
Denmark
Sweden
Norway
Bank Customer Rates Noted As Approximate
The rates for ten customers may vary by bank and the figures listed here are approximate. This notice indicates variability across lenders and cautions readers to verify exact rates with individual banks.
Marine Midland to open Delaware bank as interstate move grows
Marine Midland Banks plans a Wilmington subsidiary called Marine Midland Bank Delaware to expand interstate reach, aiming to operate by early next year. The Bank of New York seeks to buy 625000 Northeast Bancorp shares as it eyeing Connecticut and New England expansion amid looser regional banking rules.
MENTIONED IN THIS ARTICLE
Security Pacific National
New York Stock Exchange
Securities Industry Association
Exchange
Marine Midland Banks Inc
Delaware
John R. Petty
Syracuse
Bank of New York
Connecticut
Northeast Bancorp Inc
New Haven
Notheast
Union Trust Co
Fairfield County
New York State
New York City
Northeast Bancorp
Marine Midland
Congress
New England
New York
Massachusetts
Vermont
Maine
Key Bank
Key Bank of
Central New York
Augusta
Federalaw
Delaware Bank Commissioner
Wilmington
Federal Reserve Board
Delaware Bank
Apertion
William Ahearn
Marine Midland Bank
Marine Midland National Corp
MMB
Petty
General Electric Co
GTE Corp
Unim Carbide Corp
J. Carter Bacot
Thomas F. Richardson
Northeast
Judge denies trade secret injunction in heart monitor case
Federal Judge Neal P. McCain denied a preliminary injunction sought by Squibb Corp to block Diagnostic Medical Instruments from shipping its Eclipse heart monitoring system. The decision found Squibb failed to show likely success or irreparable harm before trial. no trial date has been set.
MENTIONED IN THIS ARTICLE
Neal P. McCain
Diagnostic Medical Instruments of
East Syracuse
Squibb Corp
U.S. District Court
Diagnostic Medical Instruments
DMT
Eclipse Heart
McCain
Squibb
Bristol executive heads Bristol-Myers unit in Germany
Otto T. Nonnenmann, vice president of operations at Bristol Laboratories Syracuse, promoted to general manager of Bristol-Myers international division in Neu-Isenburg, West Germany near Frankfurt. He will run a sales and marketing office, with past duties including manufacturing and finance.
MENTIONED IN THIS ARTICLE
Otto T. Nonnenmann
Bristol Laboratories
Syracuse
Germany
Bristol
Nonnenman
Bristol-Myers’ International
Neu-Isenburg
West Germany
Frankfurt
James Strope
Strope
Nonnenmann
New York University
Bristol-Myers’ Clairol Division
Stamford
Conn
Housing Recovery Slows as Mortgage Rates Rise Ashore
The Commerce Department shows June new single family home sales fell 2.9 percent from May yet remain 72.9 percent above June last year with an annual rate of 638000. Industry officials warn higher rates could curb momentum though optimism persists for upcoming months.
MENTIONED IN THIS ARTICLE
Commerce Department
Mark J. Riedy
Mortgage Bankers Association of America
Riedy
Commerce
Robert Dederick
Harry Pryde
National Association of Home Builders
Washington
Department of Housing and Urban Development
Factory orders rise sharply in June boosting factory activity
U S factory orders jumped 3.9 percent in June to 176.8 billion dollars, the biggest one month increase in almost three years. Defense capital goods led the gain, up 74 percent, while machinery orders slipped, signaling ongoing, though uneven, improvement in manufacturing. Economic analysts hailed the rise as likely to spur further production and potential hiring, though warned higher interest rates could temper gains.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Robert Ortner
Department
Robert Wescott
Wharton Econometrics
Ortner
Fortune 500 Adds 30 Newcomers Reflect High Tech Shift
Fortune magazine lists 500 largest U S corporations and notes at least 30 newcomers including Apple and Prime Computer. Yellow Pages directories also expand with high tech headings such as Microwave Ovens and Computer Graphics revealing a broader grassroots capitalism trend.
MENTIONED IN THIS ARTICLE
Fortune Magazine
United States
Apple
Datapoint
Prime Computer
Bell Telephone Companies
New York
Yellow Pages origins and the listing boom across America
The piece traces the first telephone directory published in New Haven in 1878 listing 56 names, notes the 1906 Detroit Yellow Pages emergence, and explains how modern directories grew into vast, multi heading guides. It highlights how many headings exist in Bell systems and the practicality of separate consumer and business to business editions. It reflects on the economy shown by thousands of headings and the enduring utility of local directories.
MENTIONED IN THIS ARTICLE
New Haven
Conn
Cheyenne
Wyo
Detroit
Bell Telephone Companies
Bell Telephone
New York
Wyoming
Outer Space
Also Mentioned on This Page
By Louise Cook
Associated Press
Treasury
American Stock Exchange
Chicago Board of Trade
Chicago
Osborne Computer
Monmouth
Hayward
Calif
Osborne
ITT
Grumman
Marine Midland Latest
Instruments For Cardiac Research
ICR
DMI
Richard J. Berk
Berk
By Sylvia Porter
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