Hancock Airport traffic climbs about ten percent in 1982
Syracuse's Hancock Airport posts a roughly 10 percent rise in passenger traffic for January to May 1982 versus 1981, with May boarding at 72,107 and arrivals at 74,603. For the first five months, departures reach 343,994 and arrivals 346,357, amid deregulation and increased use by People Express US Air and Empire.
MENTIONED IN THIS ARTICLE
Empire Airlines
Hancock Interna
James H. O’connor
Syracuse
Hancock
Burt Weidenkopf
Weidenkopf
People Express
US Air
Empire
Amerrican
Eastern
Utica-Rome
Washington National Airport
Global markets react to lower U.S. rates and silver and gold shift
The dollar weakens against major currencies except the pound and Swiss franc as investors expect a possible U.S. money supply slowdown. Gold rises over 350 in Europe while hovering near 349 in New York with bullion firm prices elsewhere. The pound gains on rail strike end and Swiss franc climbs while yen slips to 253.60. Sears begins selling real estate services in major stores as dairy price supports face a potential freeze. Poland faces coal shortages as Soviet oil is redirected, boosting import costs. Trane sues OConnell Securities over alleged market manipulation.
MENTIONED IN THIS ARTICLE
U.S
Europe
New York
London
Citibank
Tokyo
Zurich
Hong Kong
Handy & Harman
Commodity Exchange
Comex
Banks cut prime rate to 16 percent in New York and Chicago
Manufacturers Hanover Trust Co in New York and First National Bank of Chicago reduced the prime lending rate by half a percentage point to 16 percent. The move follows a recent drop in short term rates and signals a shift in funding costs as the Fed injects reserves. Analysts note the prime rate remains higher than a year ago, with expectations for further policy impact on markets and discount rate considerations.
MENTIONED IN THIS ARTICLE
New York
Manufacturers Hanover Trust Co
First National Bank of Chicago
U.S
Citibank
First National Bank of Boston
Federal Reserve
Federal Funds
Fed
Treasury
Carl Alan Batlin
Chase Manhattan Bank
Capital Markets
Chase
Paul Boltz
Continental Illinois Bank and Trust Co
U.S. Treasury
C.D
Department of Consumer Affairs
Federal Reserve Bank of Philadephia
P.O
Philadelphia
Chrysler earnings soar as restructuring pays off in 1982
Chrysler Corp. reports second quarter earnings of 106.9 million or 1.34 a share, the best since 1976, with six months profit at 256.8 million amid cost cuts and productivity gains. Iacocca touts improved efficiency and promises more profits with market recovery. UAW negotiations begin without detail.
MENTIONED IN THIS ARTICLE
New York
Chrysler Corp
Lee A. Iacocca
Chrysler
Defense
General Motors Corp
Ford Motor Co
American Motors Corp
Iacocca
United Auto Workers Union
UAW
Ford
Business Roundtable backs tax and budget action with reservations
Washington group of 200 top CEOs urges speedy action on Reagan tax and budget plan. It supports reducing deficits through lower taxes and spending cuts, while calling for changes in pension law and capital cost recovery. The roundtable pledges to work with government to implement the budget resolution and improve the bill.
MENTIONED IN THIS ARTICLE
Washington
UPI
Business Roundtable
Reagan
Roundtable
Senate Finance Committee
U.S
Congress
Your Money's Worth: Deregulation Powers New Bank Offers
An article explains how the Depository Institutions Deregulation Commission loosens controls, spawning varied bank and savings account offers. It notes deregulation of maximum rates, new minimum terms, and penalties, with details on regular savings, negotiable order withdrawal, interest-bearing checking, and time deposits, including ceilings and insurances.
MENTIONED IN THIS ARTICLE
Treasury
Savings plans: time deposits and money market options
Overview of savings vehicles with varying terms from seven to 89 days and up to several years. Details include minimums of 20000 for time deposits, 10000 for money market CDs, and features like non check writing, insurance, and rate tie ins to Treasuries. Mention of repos and All Savers program and sweep accounts.
Also Mentioned on This Page
Hancock Air
Newark Airport
Sears
Sears, Roebuck and Co
Chicago
Dallas
Denver
Houston
San Francisco
Los Angeles
Orange County
Washington D.C
Atlanta
Senate Agriculture Committee
Japan
United States
Polaroid
Soviet Bloc
East Germany
Poland
Trane
O'Connor Securities
O'Connor
Lee Iacocca
By Sylvia Porter
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