Homebuyers turn to warranties to guard investments
Buyers increasingly rely on warranties after purchasing a home to cover defects and protect value. The story outlines federal and private options, notably the Home Owners Warranty HOW, backed by insurance to cover builder insolvency and major defects, with premiums up to 3.90 per thousand and a ten year term.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
National Association of Home Builders
Commission On Housing
Declining U S rates push dollar down as gold climbs
Declining U S interest expectations sent the dollar lower against major currencies in European trading while gold rose more than 9 dollars an ounce in London. The Fed reported a larger than expected 3.7 billion drop in the monetary base for the week ending June 30, signaling room to ease credit and lower rates. London bullion prices rose to 338.50 dollars an ounce, with Zurich and Hong Kong levels also firmer, and silver edged higher. AT&T moved to raise local loop charges for long distance rivals, seeking 55 dollars per line from about 28. Senate Finance Committee staff added tax tweaks to the 1982 revenue bill, including a 10 percent withholding on dividends and interest and changes to investment tax credits. Business failures rose 45 percent in the first half, with 11,948 through June, up from 11,? in 1981.
MENTIONED IN THIS ARTICLE
U.S
London
Federal Reserve
Tokyo
Europe
Zurich
Hong Kong
New York
Handy & Harman
Comex
American Telephone & Telegraph Co
At&t
MCI Communications
Bell Companies
Senate Finance Committee
Consumer confidence slips after two monthly gains
The Conference Board reports its Consumer Confidence Index at 57.1 in June, down from 58.3 in May, with the Buying Plans Index easing to 70.4 from 74.9. The survey of 5,000 households shows more than half view current business conditions as bad, jobs hard to get rising, while future expectations edge up slightly.
MENTIONED IN THIS ARTICLE
Conference Board
National Family Opinion Inc
Toledo
Ohio
Fabian Linden
Consumer Research Center
Clark named chairman of Key Trust board in Albany
Frederick R. Clark is named chairman of the board of Key Trust Company succeeding retiring chair Jo seph S. Spaid. James O'K. Conwell Jr. says Spaid will stay on as a board member. Clark, an attorney and banker from Rochester, has held executive posts at Key Banks and served in state and IBM roles before joining Albany banking. Key Trust operates in Albany with offices in Syracuse and Watertown.
MENTIONED IN THIS ARTICLE
Frederick R. Clark
Key Trust Company
Joseph S. Spaid
James O’k. Conwell Jr
Key Trust
Spaid
Clark
Key Banks Inc
Rochester
State Power Authority
Spe
First Commercial Banks Inc
Key Banks
Key Bank of Northern
New York
FCB Life Insurance Ltd
Key Capital Corp
Albany
Syracuse
Watertown
Auto imports surge as U.S. car stocks swell in June
Ward's Automotive Reports shows imported car sales at a record June market share of 30.6 percent with 199,080 units, led by Japanese models. Domestic automakers face 79 days’ supply of unsold cars, up from 52 days, as GM, Ford, Chrysler, and others report rising inventories. diesel cars also gain U.S. volume, led by Toyota and Nissan competing with Toyota’s 46,977 June sales and Nissan’s 46,747.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Ward
Automotive
Trade Journal
General Motors Corp
Ward’s
Nissan
U.S.A
Toyota Motor
Toyota
Ford Motor. Co
Chrysler Corp
American Motors Corp
Volkswagen of America Inc
Gas prices near plateau as OPEC talks stall
Gas prices are expected to stabilize after nine weeks of increases if oil exporters fail to agree on quotas or price differentials. Wholesale prices have leveled in two weeks, with retailers lagging by about 1.2 cents. Diesel prices rise slower, seen as a better bargain.
MENTIONED IN THIS ARTICLE
Los Angeles
Dan Lundberg
Lundberg Letter
U.S
Lundberg
Organization of Petroleum Exporting Countries
Vienna
Austria
Orthodontics for Adults Gains Ground Among Celebrities
Barbara Walters Nancy Kissinger and Linda Gray join four million Americans in orthodontic treatment. Adults seek cosmetic improvements and easier dental care before reconstruction, with costs from 500 to 5000 dollars and insurance increasingly covering riders.
MENTIONED IN THIS ARTICLE
Barbara Walters
Nancy Kissinger
Linda Gray
Dallas
Orthodontic care for adults becomes available to workers
The article explains an advisory program for employer dental plans offering adult orthodontic coverage. It notes costs from 2.41 to 3.62 per month with $1,590 lifetime coverage and 50 percent treatment payment up to 1500, no deductible. It advises seeking referrals and second opinions, detailing typical treatment durations and patient costs.
MENTIONED IN THIS ARTICLE
AAO
Also Mentioned on This Page
New Jersey
Dun & Bradstreet Inc
Russell C. Carlson
Center
Onondaga Savings Bank
Springside Inn
Cial
International Business Machines
Albany Banking Institution
By Sylvia Porter
American Association of Orthodontists
James Wickenhauser
The
Department of Orthodontics
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