Factory use at record low as December output slips
The Federal Reserve reports December factory capacity at 67.3 percent the lowest on record with a 0.1 point drop from November. Industrial production fell 0.1 percent as auto output steadies the decline while primary processing and durable goods sectors show varied cuts. Business plans foresee reduced capital spending by 5.3 percent, led by metals, petroleum and construction related sectors, with inflation expectations near 4 percent.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
U.S
Sai
Commerce Department
Reagan
Capitol Hill
Market swings as dollar weakens amid Fed rate cut bets
The dollar rose against major currencies at today's European market open then fell after forecasts of another U.S. discount rate cut. Gold futures jumped as bullion buyers offset concerns, with London and Zurich prices mid-session showing gains. Notes on oil, equities, and regulatory actions complete the round of market activity and corporate shifts.
MENTIONED IN THIS ARTICLE
U.S
Europe
United States
Tokyo
Paris
U.S. Federal Reserve Board
Fed
Zurich
London
Hong Kong
New York
Handy & Harman
Army spending bolsters area at Fort Drum
An Army report shows Fort Drum and surrounding units added 83 million dollars to the North Country economy in the past fiscal year. The total includes 31.84 million in salaries and 51.29 million in contracts and purchases, with 36 million of that construction tied to preparations for the 76th Engineer Battalion's arrival next summer from Fort Meade.
MENTIONED IN THIS ARTICLE
Fort Drum
North Country
Army
Air Force
New York
New Jersey Army National Guards
New York Air National Guard
Army Corps of Engineers
76Th Engineer Battalion
Fort Meade
Forces Command and Communications Command
New York Army National Guard
New Jersey
National Guard
Wilcox Hospital
Fort Devens
Mass
New York District Corps of Engineers
SCM's quarterly sales dip amid mixed profits and recession
SCM reported second quarter sales of 429.4 million, down from 468 million a year earlier, with six month sales at 889.2 million. Net income for the first half fell 3.6 percent to 17.7 million, while profits varied across divisions. Foods led operating income, Durkee Famous Foods driving gains. records show mixed results for Typewriters and Appliances, Proctor Silex, Glidden, and SCM Chemicals amid persistent recession.
MENTIONED IN THIS ARTICLE
Typewriters and
Smith-Corona Typewriters
Proctor-Silex
Smith-Corona
Foods
SCM
Durkee Famous Foods
Industrial
Allied Paper
Glidden Coatings & Resins
Paul H. Blicker
Elicker
Key Banks Announces 30 Million Private Financing for Acquisitions
Key Banks Inc. says a private placement of 30 million dollars funds its financing plan to complete recent bank acquisitions including Bankers Trust of Western New York with offices in Jamestown Buffalo and Rochester. The regional holding company based in Albany comprises six banks with 173 offices across 31 upstate counties and offers trust services leasing insurance and data processing.
MENTIONED IN THIS ARTICLE
Key Banks Inc
Key Banks
Bankers Trust of
Western New York
Jamestown
Buffalo
Rochester
Chautauqua
Erie
Monroe
Wayne Counties
Albany
Key Bank of Central New York
Honeywell to shut Massachusetts plants for four days
Honeywell Inc will shut down its Massachusetts computer plants for a four day period during the week of February 21 in response to a drop in orders and financial difficulties. More than 2,600 workers will be told to stay home while administrative, sales, and R and D staff remain active. The sites manufacture the DPS6 minicomputer line.
MENTIONED IN THIS ARTICLE
Honeywell Inc
Massachusetts
Washington
Honeywell
Money's Worth: Pac-Man and the rise of computer communication
The piece argues that video games and microcomputers are expanding home and business use of computers for direct messaging. It notes growing electronic communication beyond telephone networks, with long distance competition like MCI expanding. It predicts reduced mail volume as computer to computer messaging grows.
MENTIONED IN THIS ARTICLE
At&t
Western Union
MCI Communications
U.S. Postal Service
Congress
Office of Technology Assessment
Choosing a Future in Electronic Message Systems
Promoters push computer printing for mail, while experts warn big business growth depends on expanding beyond traditional communications. Four areas guide decisions: assess current systems, define message types, study work patterns, and ensure compatibility with other office tools. Analyzing these helps prepare to select systems soon.
MENTIONED IN THIS ARTICLE
Howard Weinberg
Main Hardman
Also Mentioned on This Page
Ayr
Herald-Journal
Joseph A. Porcello
Treasury
Beryl Sprinkel
OPEC
SEC
First Jersey Securities
Geosearch
Philip Morris
R.J. Reynolds
Frank Basile
Outer Continental Shelf
Baltimore Canyon Trough
Long Island
Ern Telephoto
Carolina
By Sylvia Porter
Hardman
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