Dollar Dips as Gold Slumps on Global Markets
The dollar weakens slightly against major currencies amid signals that U.S. rates will stay high. Gold prices fall with bullion houses in London setting $505.00 an ounce and Zurich $498, while New York quotes $501. Silver slips to $13.40 in London and 57 cents for current New York delivery.
MENTIONED IN THIS ARTICLE
Europe
U.S
London
Zurich
New York
Handy & Harman
Commodity Exchange
Habermaas executives discuss Skaneateles toy plant
Klaus Habermaass and Helmut Schopf, top officials of Habermaas, meet with David B. Weatherup, chair of the Greater Syracuse Chamber of Commerce, to review a range of toys the West German firm plans to manufacture at its Skaneateles, New York, facility.
MENTIONED IN THIS ARTICLE
Klaus Habermaass
Helmut Schopf
Habermaas
David B. Weatherup
Greater Syracuse
Domestic air fares set to rise up to six percent
Airlines as a group plan fare increases amid higher jet fuel costs. Delta, United, American, Trans World, and Eastern expect varied changes up to 6 percent on many routes with some fares unchanged. CAB already authorized structure changes, easing approval for the new jumps. Reacting to Reagan policy and fuel price spikes, carriers project steeper domestic travel costs in coming days.
MENTIONED IN THIS ARTICLE
New York
Civil Aeronautics Board
Delta Air Lines
Delta
New York-to-Miami
Florida
Boston-Orlando
Boston-Tampa
Chicago-Miami
Chicago-Fort Lauderdale
Chicago-Tampa
Philadelphia-Orlando
United Airlines
Gene Novak
United
Chicago
American Airlines
Paul Haney
Trans World Airlines
American
David Venz
Venz
Eastern Airlines
Paula Musto
Musto
CAB
Reagan
Bond shift draws investor attention as yields invert
George Michaelis of First Pacific Advisors urged emphasis on intermediate bonds amid high stock valuations. He warned against growth stocks with earnings multiples above 20 and noted an inverted yield curve creating favorable reinvestment opportunities. IBM, Minnesota Mining, Coca Cola, and Eastman Kodak were cited as out‑of‑favor but attractive blue chips.
MENTIONED IN THIS ARTICLE
New York Times
NEW York
George Michaelis
First Pacific Advisors
New York Society of Security
Michaelis
First Pacific
Kidder, Peabody
Standard & Poor
IBM
Minnesota Mining
Coca-Cola
Eastman Kodak
Alpha Cement closes plant in Albany area
Alpha Portland Cement Co. says its Jamesville plant will close and become a distribution terminal for Catskill operations. About 65 of 75 workers will lose jobs. remaining staff stay until official closure next month. Terminals will employ about 10 later. most workers were laid off last August.
MENTIONED IN THIS ARTICLE
Alpha Portland Cement Co
Jamesville
Catskill
Anthony DeGeorge
DeGoerge
Fraser predicts long auto recovery at Cornell union drive
United Auto Workers President Douglas Fraser says the auto industry will recover slowly and calls Chrysler workers wage cut of 46 dollars weekly enormous. He cites Chrysler's risk of bankruptcy without ratification and notes no plans to close the New Process Gear Plant while supporting a Cornell University union vote set for February 24.
MENTIONED IN THIS ARTICLE
Ray Stilwell
Ithaca
United Auto Workers
Douglas A. Fraser
UAW
Chrysler Corporation
Fraser
Chrysler
Ford
General Motors
International Harvester
Edward Gray
Cornell University
Cornell
Gray
Boston College
Michigan
Alfred E. Kahn
Carter
Kahn
Milacron's Robots Lead Industrial Push at Painted Post Plant
A Milacron robot at Ingersoll-Rand’s Painted Post plant welds 31 joints in minutes while a second unit begins work. Milacron, expanding beyond stamping and machining, holds about a third of the $100 million robotics market as it eyes $700 million annual sales by 1990.
MENTIONED IN THIS ARTICLE
Ingersoll-Rand
Painted Post
Corning
Dale van Etten
Cincinnati Milacron
Cincinnati Milacron Inc
James A.D. Geier
Milacron
Unimation
Condee
Ballyhoard
Mila¢ron
Geier
Cincinnati Milling Machine Company
Your Money's Worth Productivity Debate Says Manager Fault
Productivity slumps persist for the third straight year. A U.S. expert, Ward Feeney, argues managers destroy incentives, stressing an if-then relation where rewards follow measured performance. A quiz tests how fringe benefits and flexible hours impact efficiency.
MENTIONED IN THIS ARTICLE
U.S
United States
U.S. Department of Housing and Urban Development
Doward J. Feeney
Firny Beari Mg
Hoe
Ney
Peony
Also Mentioned on This Page
Business Digest
Federal Reserve Board
Iran
Ross Perot
Electronic Data Systems
Federal Commerce and Navigation Ltd
Abitibi Price Inc
Reichmann
Hutton Forms Firm
E.F. Hutton
DNA Science Inc
DNA Sciences
Veda Research and Development Co
Amax Inc
Interworth
Homestake Mining
Eli Lilly
GTE
Occidental Petroleum
Houston Oil & Minerals
Grace Joint Venture
W.R. Grace
Vroom & Dreesmann B.V
Grace
Vroom
Dollar Rent 4 Car Co
RCA
Hertz
NBC
Dollar
General Motors Corp
Oldsmoble
Metalworking News
Mige Leonard Sand
Syracuse
Onondaga County Industrial Development Agency
Wickstrom Co
Habermaass
Alpha Cement
Germany
Japan
University
Alice Statler
New York Times Service
By Sylvia Porter
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