Retail sales jump undercuts gloom despite high rates
Commerce Department data show January retail sales at 84 billion dollars, up 2 percent from December, marking eighth straight gain led by autos and related items. Analysts cite rebates and potential consumer confidence return while forecasts warn of inflation and slower growth in 1982.
MENTIONED IN THIS ARTICLE
Reagan
Commerce Department
Washington Post
Commerce
Nave Ernst
Evans Economics, Inc
Jeff Edelman
Dean Witter Reynolds
Edelman
U.S
Ernst
Federal Reserve Board
John McGillicuddy
Manufacturers Hanover Bank
Morgan Guaranty Trust and Manufacturers Bank of Los Angeles
Robert Gough
Data Resources Inc
Lexington, Mays
Crouse-Hinds reports 1980 sales reach record highs
Crouse-Hinds Co unit Belden acquisition raised 1980 revenues to 753.6 million with a 42.3 million profit. Merger costs and InterNorth takeover defense trimmed net income and fourth quarter earnings, though per share figures rose from 1979. Company plans continued merger talks with Cooper Industries and votes set for April.
MENTIONED IN THIS ARTICLE
Crouse-Hinds Co
Chris J. Witting
Belden Corp
InterNorth Inc
Cooper Industries
Witting
Inter- North
Belden
Crouse Hinds
Defense
Crouse-Hinds
Houston
Texas
Cooper
Dollar climbs to multi-year highs amid robust US data
The dollar strengthens against major currencies breaking five French francs, with gold prices slipping as dealers cite strong US economic signals. Gold and silver move lower worldwide while Chrysler, Delta Air Lines, Seatrain, Toro Co and CBS report shifts in orders, production, or earnings. Moody's assigns NYC notes a favorable MIG-3 rating as long-term rates rise amid inflation concerns.
MENTIONED IN THIS ARTICLE
U.S
London
Zurich
Hong Kong
New York
Handy & Harman
GE Convicted in Puerto Rico Bribery Scheme
A federal jury convicted General Electric and five other defendants of paying a 1.25 million bribe to a Puerto Rican official to secure a 92 million Aguirre power plant contract. The group faced three fraud counts, two travel act counts, and a conspiracy charge, with acquittals on a third travel aiding count.
MENTIONED IN THIS ARTICLE
Trenton
N.J
General Electric Co
Puerto Rico
Commonwealth
Water Resources Authority
Carlos Velazquez Toro
AT&T Faces New Era Under Brown Amid Antitrust Settlement
Charles L. Brown, two years as AT&T chairman, shifted the Bell System toward competition by relocating from the historic executive suite to a modest office. Analysts say he’s softened rivalries and embraced a need to adapt to new industry ground rules as a major antitrust settlement looms, potentially forcing AT&T to divest parts of its empire while shedding restraints of a 1956 decree.
MENTIONED IN THIS ARTICLE
New York
Charles L. Brown
American Telephone and Telegraph Co
Telephone Company
Bell Empire
Brown
Brooklyn Bridge
Bell System
At&t
Charles D. Ferris
Federal Communications Commission
Justice Department
Pacific Telephone and Telegraph Co
Western Electric
John D. deButts
deButts
Your Money's Worth Pushes consumer agenda into 1980s
A survey of consumer advocates shows plans for unfinished business in the 1980s. Deregulating occupations, allowing professional advertising, branch offices, and partnerships with paraprofessionals are targeted to lower costs. Housing costs rise from cheaper materials, while FTC and HUD cite defects. Corrective advertising, recall powers, credit clarity, insurance regulation, and new tech protections loom as the movement grows beyond quiet pursuit.
MENTIONED IN THIS ARTICLE
U.S
Federal Trade Commission
Department of Housing and Urban Development
FTC
Consumer Product Safety Commission
Also Mentioned on This Page
InterNorth
C-H
Business Digest
Chrysler
Chrysler Corp
Detroit
Lynch Road
Delta Air Lines
Seatrain Lines
Seatrain
Eugene V. Rose
Manhattan
Toro
Toro Co
CBS
The
New York Times Co
Big Apple
Moody's
New York City
Internal Revenue Service
Hoyt P. Steele
Robert Naples
Scotia
N.Y
Schenectady Turbine Services Ltd
Schenectady
Charles Mathen
Twombly, Inc
Montvaie
Andrew Pollack
New York Times Service
Sylvia Porter
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