Holiday Retail Sales Barely Meet Expectations Across Major Retailers
AP reports December sales at major retailers rose modestly, with last minute shopping helping. Kmart posted 12.4 percent sales growth for stores open more than a year, Sears up 4.6 percent, and JCPenney up 6.8 percent. Analysts note overall season gains were modest and below expectations.
MENTIONED IN THIS ARTICLE
Kmart Corp
Sears, Roebuck and Co
J.C. Penney Co
Jeffrey Edelman
Dean Witter Reynolds Tno
David C. Farrell
May Department Stores Co
William R. Howell
Penney’s
Penney
Kmart
Try
Mich
Sears
Chicago
Op-9
One Thes
UAW will not seek reopening of Chrysler contract
Syracuse union official predicts the Chrysler division of the UAW will not ask to reopen the current contract despite profits and a recovering plant. Tony DeFrancesco, plant shop chairman at East Syracuse, says the union consensus favors not reopening after a Detroit meeting with 36 locals represented. The current contract expires Oct 15, and Chrysler Chairman Lee Iacocca’s remarks dampen reopening chances.
MENTIONED IN THIS ARTICLE
Syracuse
Chrysler
United Auto Workers Union
Tony DeFrancesco
Detroit
DeFrancesco
Uinwh
Planning gifts for tax advantages in early 1985 start ups
The article urges new business owners to use low tax values now to gift shares to family, funding tuition, elderly parent support, and future nursing care reserves. It notes annual gift limits, trusts like Clifford trusts, and the need for legal counsel to optimize transfers before the enterprise grows and tax rules tighten further.
MENTIONED IN THIS ARTICLE
Nicholas A. Sommerfeld
Gaston Snow & Ely Bartlett
Clifford
Your money's worth: estate planning for business owners
Sylvia Porter urges readers to arrange emergency plans for family and business priorities. She notes choosing an executor, potential liquidation, and tax savings from a will or estate plan. Seek an estate planning specialist early to ensure tax efficiency and peace of mind as 1985 unfolds.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Agri-Mart study eyed site and fair’s outreach plan
State officials propose an Agri-Mart to showcase New York agriculture and draw up to two million visitors. Gerace spoke at Syracuse during the New York State Agricultural Society meeting, noting a mid-March report release and a separate study on promoting the industry. Century Farm Family awards were given to four families, and Donald F. Jones was elected chairman with Lee Traver as vice chairman.
MENTIONED IN THIS ARTICLE
Gerace
Syracuse
New York State Agricultural Society
Century Farm
Verona
Donald F. Jones
Lee Traver
New York
Also Mentioned on This Page
Jcpenney
Granger Sears
Sereart
UAW
Lee Tacocca
Tacocca
Iacecea
Chyrsler
Iaccooa
Verrantesco
Dick Anderson
Process Gear
Sylvia Porter
Agri-Mart
Harold and
Marilyn Bley
Erie County
Hugh and
Kay Gunnison
Essex County
Thomas and
Florence Lyons
Steuben County
Eugene and
Bernice Weissmann
Sullivan County
Herald American
Albany
Onondaga County
Heraldae American
10Th Light Infantry
Fort Drum
Watertown
Jefferson County
James T. Mulder
Mike Greeniar
Hinesville
Georgia
Fort Stewart
Army
24Th Infantry
St. Mary's
Navy
Nérald
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