Upstate New York Hopes Rise for Hino Bus Plant
Lt Gov DelBello after May Japan trip says optimistic about buses built in New York. Cities Canastota Auburn and Athens push for Hino Motors Ltd to set up a plant to assemble MTA buses, aided by new legislation allowing negotiated purchases. Negotiations faced setbacks but renewed interest and MTA demand keep the plan alive.
MENTIONED IN THIS ARTICLE
Alfred DelBello
Japan
New York State
Canastota
Auburn
Athens
Greene County
Upstate
Canastata
Oneida Products Manufacturing Co
Hine Motors Ltd
Metropolitan Transportation Authority
Hino Motors
MTA
Gover
Hino
Mario Cuomo
Hine
Robert W. Cox
New York
Recession officially over says National Bureau of Economic Research
The National Bureau of Economic Research declares the 1981–82 recession ended last November, lasting 16 months and matching the 1973–75 downturn. First quarter 1983 GDP was 1.5 percent below the 1982 peak, with retail sales already surpassing pre-recession levels and overall employment near its pre-recession level. Caterpillar reports a $92 million Q2 loss due to weak sales and a UAW strike, while Japan’s yen value and a growing trade deficit complicate the recovery amid uneasy credit markets and a cautious Fed stance. Industrial average down 18.03 points.
MENTIONED IN THIS ARTICLE
National Bureau of Economic Research
U.S
Caterpillar Tractor Co
Caterpillar
United Auto Workers Union
Komatsu
Japan
Alligatrium Gators Drive Alvin Bank’s Touristic Rise
First National Bank in Alvin Texas built an alligator habitat named the Alligatrium after donor kept alligators as mascots. Two large gators J Paul Gator and Alfred now inhabit the glass pool in the five story bank attracting visitors likened to the Astrodome. Bank officials consult zoo experts to keep the animals comfortable.
MENTIONED IN THIS ARTICLE
Edmond Gillis
First National Bank
Alvin
Texas
Gillis
A. Guy) Crouch
First National
Crouch
J. Paul Gator
Alfred
Houston Zoo
J. Paul
William Teller
Mitzi Gator
Pasadena
Gators
Houston
Gay Foster
Bank
Carrols jumps five dollars on opening
Carrols Development Corp stock surged about five dollars per share as analysts praised Burger King sales growth and the Jo-Ann’s Nut House franchise purchase. Prudential-Bache issued an aggressive buy rating, while traders lined up, pushing Carroll to early highs before settling.
MENTIONED IN THIS ARTICLE
Carrols Development Corp
Wall Street
Burger King
Carrols
Jo-Ann
David Connor
American Stock Exchange
Prudential Bache Securities
Carroll
John Oakes
Prudential Bache
Connor
Michael Culp
New York
Culp
Prudential- Bache
Prudential-Bache
Brighter earnings outlook contrasts market rebound risks
The market faces a potential waning rally even as second-quarter earnings are expected to improve. Dean Witter Reynolds analyst Lee Idleman notes earnings gains could align with the economic cycle, while forecasts of a major correction gain traction after a strong Dow surge from August to June. Analysts also trimmed futures for 13 firms and raised estimates for 18 in the week to June 24.
MENTIONED IN THIS ARTICLE
Lee H. Idleman
Dean Witter Reynolds
Idleman
Daw Jones
American Stock Exchange
Dean Witter
Smart insurance buys do not equal protection
The Insurance Information Institute says 80 percent of buyers fall for offbeat policies such as mugging, dread disease, and credit card coverage, wasting money on unnecessary plans while likely underinsuring essential risks.
MENTIONED IN THIS ARTICLE
The
Insurance Information Institute
Your Money Worth on Insurance and Coverage Choices
A shopper guide advises auditing existing policies before buying add ons. It warns against redundant dread-disease and credit card insurance, emphasizes boosting major medical, and suggests checking auto, boat, and rental coverage. Prioritize comprehensive life health auto and home policies and consider self insuring for remote risks.
Also Mentioned on This Page
Prospects Brighten
New Jersey
Renault
Staten Island
Pennsylvania
Tokyo
Fed
Bank’s ‘Alligatrium
Andrew M. Williams
Associated Press
Laserphata
By Sylvia Porter
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