Midwest and South dominate most affordable markets
The National Association of Home Builders reports 18 of the 25 most affordable housing markets from April to June are in the Midwest and four in the South, while the West has 21 of the 25 least affordable markets led by California. Median income and home prices held steady, with affordability rising due to lower interest rates and stable prices. Jackson Miss and Brazoria Texas are among the most affordable. San Francisco is the costliest, followed by New York, Chicago, and El Paso.
MENTIONED IN THIS ARTICLE
Midwest
South
National Association of Home Builders
West
California
Northeast
Robert “Jay” Buchert
Association
Jackson
Miss
Brazoria
Texas
Greeley, Cole
Nashua
San Francisco
New York
Chicago
el Paso
Lucky Stores found liable for sex discrimination in California
U S District Judge Marilyn Hall Patel ruled Lucky Stores Inc discriminated against thousands of women employees in Northern California by shunting them into lower paid, less promotable jobs. Damages determination set for Sept 14. potential tens of millions in wages, emotional distress and punitive damages. The company may face program changes to reduce opportunities for women and minorities.
MENTIONED IN THIS ARTICLE
Lucky Stores Inc
California
Marilyn Hall Patel
Lucky
Jess
Atral
U S mulls dropping Clifford charges in banking case
The Justice Department weighs not prosecuting Clark Clifford and Robert Altman if state trial results satisfy federal prosecutors. New York prosecutors seek a federal fraud trial postponement until after the state case, now slated to begin October 22. Clifford, 85, faces health issues that could impede travel for the proceeding.
MENTIONED IN THIS ARTICLE
Justice Department
Clark Clifford
Robert Altman
BCCT
New York
Washington
Clifford
Prass
Stock market ends higher in sluggish trading
The stock market finished higher Tuesday amid slow trading as losses abroad and a disappointing government economic report weighed on sentiment. The Dow Jones Industrial Average rose 459 points to 3,329.48 while advancers beat declines 7 to 6 on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
Associated Press
New York Urban Housing Markets Ranked in 1992 Q2 IDX
An alphabetical list from the National Association of Home Builders shows New York state's seven urban markets with the Housing Opportunity Index for the second quarter of 1992. It reports the percent of homes affordable to median-income buyers at current mortgage rates and each market’s national affordability ranking.
MENTIONED IN THIS ARTICLE
New York State
National Association of Home Builders
Metro Area
Pet Bank
Albany-Swine
Utica Credit Downgrade Stems From Budget Crisis
Fitch cuts Utica bond rating from BBB to BB citing city budget imbalance and deficit financing plans. Moody’s followed with Ba from Baa as state aid shrinks from 8.1 to 4.1 million. Utica plans 9.8 million bond issue funded by 1 percent Oneida County sales tax rise, while cutting costs and furloughing staff. Mayor LaPolla blames reduced state aid and fixed obligations left unbudgeted.
MENTIONED IN THIS ARTICLE
Utica
Wall Street
Fitch Investors Service
Duca
Mu-Dcpalities
Fitch
Moody's Investors Service
Louis LaPolla
Steward Simon
Itch
Oneida County
LaPolla
Pep Boys Auto Store to Open in Cicero Route 11
Pep Boys Auto Supply plans a mid September opening at Ws location on Route 11 Cicero adjacent to Circle Drive. The 23000 square foot store will mirror the companys 335 outlets in 19 states offering one stop shopping for do it yourself car repairs and a large garage for do it for me motorists.
MENTIONED IN THIS ARTICLE
Pep Boys Auto Supply
Route 11
Cicero
Circle Drive
Victory Market chain to lay off 480 workers in shift to Utica
Investment group led by Aaron Malinsky buys Victory Markets Inc for over 130 million from Galoz Investments. Headquarters move from Norwich to Utica will cut 580 Norwich jobs and transfer 100 positions, as 45 million is set for store refurbishments and all stores will operate under the Great American name. Victory Video gas stations and non supermarket businesses to be sold.
MENTIONED IN THIS ARTICLE
Norwich
Alica
Victory Market
Aaron Malinsky
Victory Markets Inc
Galoz Investments Ltd
Sydney
Australia
New York
Pennsylvania
Mainsky
Victory
Chenango County
Utica
Malinsky
Victory Video Inc
Wang Labs bankruptcy shows shift from minicomputers to PCs
Wang Laboratories filed for bankruptcy protection on Tuesday as it grapples with a move from proprietary minicomputers and word processing toward personal computers and open systems. The company, once a leader in office automation, failed to adapt to industry trends, while costly debt and strategic missteps under An Wang and later Miller compounded the decline. An IBM alliance aimed to rescue Wang by selling IBM-based machines and imaging software, but analysts worry it may hasten defections as customers question value.
MENTIONED IN THIS ARTICLE
Wang Laboratories
Wang
Lowell Mass Company
Roger Sullivan
BIS Strategic Decisions
An Wang
Wang Labs
Frederick Wang
Richard W Miller
General Electric Car
IBM
George Colony
Forrester Research Inc
Merck's Proscar and Prosear Boost Growth for MRK
Merck introduces Prosear a new wonder drug and Proscar approved for enlarged prostates and hair growth. MRK revenues from Vasotec top 17 billion last year, with potential Proscar gains possibly surpassing major 1991 sales. Berko touts MRK as world’s top drug maker with 20 compounds over 100 million in annual sales.
MENTIONED IN THIS ARTICLE
Merck
Vasotec
Merckmen
MRK
Armco Steel Company
Proscar
Pro
Scar
Food and Drug Administration
Minnesota Power & Light
Harley Davidson
Also Mentioned on This Page
The
Dan Padovano
Calforna Divisian
U.S. Mulls
Amdanguin
Raynard Winder
Pepmere
Pep Boys
Chiladainhia
Yunpolly Gibidis
Manny Rosenfeld
Moe Strauss
Jack Jackson
Handi Anguin
Stat! Photograp
I. Bankruptcy
Wonder Drug
Upjohn
New Jersey
New York Times
Polaroid
Malcolm Berko
Creators Syndicate Inc
Herald-Journal
Berko
Syracuse Herald-Journal
P.O. Box
Lauderhill
Fila
Malcolm
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