Aggressiveness Drives NY Tel Future Plans
A New York Telephone spokesman says future success hinges on aggressive market presence after AT&T divestiture. Long distance duties shift to AT&T while NY Tel may handle some short haul calls and implement Message Minute Mile to redefine local calling bands and charges.
MENTIONED IN THIS ARTICLE
Patricia Bycraft
New York Telephone Co
Syracuse
New York Telephone
Jocal Bell System
American Telephone and Telegraph Co
Httle
Local Exchange Telephone
Howard Williams
At&t
Bell
Iign
Williams
New York
New York State
State Public Service Commission
MMM
New National Telephone Network
Switching York Telephone Co
South State Street
Breakup of Ma Bell Eyed by Colorado Regulators
Colorado figures weigh the AT&T divestiture as Mountain Bell faces a reshaped future with potential regional firms or a single coast to coast local carrier. Regulators warn of rising local costs and service gaps while enthusiasts see the chance for independent Denver based operations and new management flexibility.
MENTIONED IN THIS ARTICLE
Denver
Henry Zarlengo
Mountain Bell
Colorado Public Utility Commission
Zarlengo
Commission
American Telephone & Telegraph Co
New York
At&t
Justice Department
Western Electric
Bell la
Boratories
Ma Bell
Edith Miller
Colorado Public Service Commission
Williams
Bell
New York Telephone
At&t and
Dollar climbs as markets price higher U.S. rates
Foreign exchange remained firm for the dollar as investors eyed higher U.S. rates. Tokyo closed with the dollar at 230.50 yen, London quotes showed the pound softening to $1.8680, and bullion dealers pegged gold around $383.50 an ounce. Chrysler shut its assembly plant in Windsor for two weeks amid high inventories, while Oneida raised its quarterly dividend to 18 cents and Xerox reported 1981 profits rose despite currency hits. Allied suspends nitrogen plant operations in Helena, affecting about 130 hourly workers.
MENTIONED IN THIS ARTICLE
United States
Tokyo
Europe
London
Zurich
Hong Kong
New York
Handy & Harman
Xerox Corp. Today
Allied Corp
Helena Ark
Allied
Helena
Private firm proposes buying a space shuttle for 1 billion
Space Transportation Co of Princeton seeks to purchase a shuttle for about $1 billion and lease it to NASA while holding exclusive rights to sell cargo space to foreign and commercial users on all shuttle flights. The plan includes government cost coverage of maintenance and a 10 percent expected return, with NASA awaiting specifics and Congress debating the idea.
MENTIONED IN THIS ARTICLE
Patrick Young Newhouse
Washington
Space Transportation Co
Princeton
National Aeronautics and Space Administration
Klaus Heiss
Comsat
Communications Satellite Corp
Heiss
NASA
Robert F. Allnutt
Space Transportation
National Security Council
Department of Defense
United States
Auto talks near deadline on GM wage concession push
Detroit AP reports UAW and General Motors face a midnight talks deadline with key issues unresolved. UAW vice president Owen Bieber notes progress but says ground remains, while Chrysler has lower pay scales and Ford negotiators may propose a different approach. A proposed automatic reopener clause could ease contract approval if car sales improve.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers and
General Motors Corp
UAW
Owen Bieber
Bieber
Ford Motor Co
Chrysler Corp
Douglas Fraser
Washington
Rank and File
Bankruptcy Fees Tax Court Case With 98 Percent Deductible
Liberal bankruptcy laws let taxpayers erase debts while IRS holds legal fees as personal. Tax Court allowed 98 percent of attorney fees in a business related bankruptcy to be deductible, ratio tied to business debts versus total. applies to homeowners who bought 1981 homes.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Cox
IRS
Tax Court ruling ties points to mortgage deductibility and 20 percent rates
A 1981 Tax Court decision affects mortgage points deductibility, showing points paid with loan cash are not deductible as interest unless paid up front. The article notes a 20 percent prime rate from fall 1981 and a higher 20 percent penalty on underpayment or IRS interest from Feb 1, 1982, with a future note on six month certificates and 1982 returns.
MENTIONED IN THIS ARTICLE
IRS
Internal Revenue Service
Also Mentioned on This Page
N.Y. Tel
Oswego
Cortland
Ma Bell NT
ATET
Wayne Slater
Robert K. Timothy
Leonard Hyman
Merrill Lynch Fenner Pierce and Smith
Timothy
PSC
War Memorial
Business Digest
Chrysler
Oneida
Oneida Ltd
Xerox
Allied Idling Plant
Space Shuttle
Reagan Administration
Congress
Rep
Harold C. Hollenbeck
R-N.j
House
Space Science and Applications
Rockwell International
Auto
Ford
By Sylvia Porter
Tax
Tax Court
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