Caesars World halts sale talks amid Lear Yorkin bid
Atlantic City Caesars World founders Clifford and Stuart Perlman halt negotiations to sell their 13 percent stake to Norman Lear and Alan Yorkin. A Caesars World spokeswoman said talks have broken off, with Jerrold Perenchio also involved. The Perlmans own stakes worth about $80 million and were denied New Jersey licenses in 1989 amid ties to organized crime figures.
MENTIONED IN THIS ARTICLE
Atlantic City
Clifford and
Stuart. Perlman
Caesars World Inc
Norman Lear
Alan Yorkin
Perlman Brothers
Lear
Caesars World
Caesars Palace
Las Vegas
Caesars Boardwalk Regency
Lear- Yorkin
A. Jerrold Perenchio
Clifford
Stuart Perlman
New Jersey
Perlmans
New Jersey Casino Control Commission
Florida
OPEC and British price moves push oil costs higher
Oil prices across the Persian Gulf and North Sea are set to rise as exporters signal increases. The United Arab Emirates plans a $2 per barrel hike, Britain’s North Sea price may rise by 2.50 to 4 dollars, with U S imports and heating oil costs expected to climb accordingly.
MENTIONED IN THIS ARTICLE
Persian Gulf
North Sea
United Arab Emirates
British National Oil Corp
David Howell
Abu Dhabi
Mana Saeed Oteiba
Gulf New Agency
Britain
Organization of Petroleum Exporting Countries
OPEC
United States
America
Platt
Oilgram
New York
Libya
Algeria
Nigeria
Venezuela
Indonesia
Saudi Arabia
U.S
New York Mercantile Exchange
Will & Baumer to Merge With Metropolitan Consolidated
Will & Baumer owner W F Manufacturing of Buffalo plans to merge with Metropolitan Consolidated Industries of New York City. Stockholders from both firms will vote this month. Will & Baumer, founded 1855 in Syracuse and now a religious candle maker with about 130 employees, would remain unchanged by the merger.
MENTIONED IN THIS ARTICLE
Ian Consolidated Industries Inc
New York City
New York
Metropolitan Greetings Inc
Metropolitan
Sapolin Paints Inc
Woolsey Marine
Will & Baumer
Syracuse
Syracuse China Co
Geologists eye oil in Maryland prospect
Geologists in Hagerstown Maryland study Washington County as part of the Eastern Overthrust Belt a 950 mile stretch from Vermont to Alabama Home Petroleum Co of Texas estimates a ten percent chance of finding oil or natural gas three miles underground.
MENTIONED IN THIS ARTICLE
Hagerstown
Maryland
Washington County
Vermont
Alabama
Home Petroleum Co
Texas
Hobart sues to block 380 million CPE bid for Hobart
Hobart Corp seeks to enjoin a 32.50 a share tender by CPE Acquisitions of Canadian Pacific Enterprises. The suit in New York cites federal securities laws and Federal Reserve margin rules. Judge Kinneary has issued a temporary restraining order pending federal or state rulings. Hobart, founded 1897 in Troy, Ohio, markets KitchenAid appliances.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Hobart Corp
Canadian Pacific Enterprises
U.S
Canadian Pacific Lab
Ohio Food Equipment and
U.S. District Court
New York
CPE
Hobart
Troy
Ohio
Federal Reserve Board
David B. Meeker
CPE Acquisitions Corp
Canadian Pacific
Ohio Division of Securities
CPE Acquisitions
Joseph Kinneary
CPR
Kinneary
Securities
Nadine Miller
CPB
KitchenAid
Sell Advice Triggers Dow Drop After Overnight Alert
New York based market adviser Joseph Granville issued a sell recommendation overnight via his early warning service. The Dow Jones Industrial Average fell over 18 points in the first hour, slipping below 1000 for the first time since September 27, 1976, with IBM and United Technologies among delayed stocks. Granville, a controversial figure, could not be reached for comment.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Dow
New York
Dow Jones Industrial Agency
United Technologies
Joseph Granville
Holly Hill
Fla
Granville
Wall Street
Chrysler Waits Ford Boosting Auto Prices
Chrysler will hold its current price structure while GM and Ford raise prices. Chrysler executive V.P. John Naughton says no price hikes yet and notes a $600 million wage freeze deal with UAW. Ford increases average $85 per car and GM raises about 1.5 percent, with some model changes. Chrysler offers 7 percent rebates through Jan 20 as demand rises.
MENTIONED IN THIS ARTICLE
Isastman Kodak Co
Detroit
Ford Motor Co
General Motors Corp
Chrysler Corp
John B. Naughton Sr
Chrysler
United Auto Workers
Ford
Energy efficiency up in top U.S. energy users 1972 79
The Energy Department reports the 10 largest energy users cut energy intensity by 15.4 percent from 1972 to 1979, reducing absolute energy use by 2.2 percent while manufacturing output rose 17 percent. Five of the 10 exceeded 1980 voluntary efficiency goals.
MENTIONED IN THIS ARTICLE
Washington
U.S
Energy Department
Department
True and False Tax Audit Triggers Highlighted
A column discusses audit odds tied to filing timing and common error audits. It summarizes top audit triggers from Matthew Bender including high income, tax shelters, travel deductions, home office, auto expenses, casualty losses, child care credits, and documentation tips. It warns readers about the underground economy and IRS enforcement.
MENTIONED IN THIS ARTICLE
IRS
Service Center Adjustment Branch
Matthew Bender & Co
Herald-Journal
Also Mentioned on This Page
Business Digest
London
Tokyo
Frankfurt
Zurich
Paris
Amsterdam
Milan
Handy & Harman
Kodak
Boss
Braniff
Dallas
Harding Lawrence
Braniff Airways Inc
Carrer
Lawrence
Braniiff
Cobber Airlines
Eastern Airlines
Gio
Eurne
NYC Firm Plan
W & F Manufacturing Co
Buffalo
Will & Baumer Candie Co
Metropol
Geologists Eye Oil
Naughton
Michael Simon
East 45Th St
N.Y
California
Georgia
By Sylvia Porter
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