Money market funds fall as IMF bill advances
Assets of the nations 315 money market mutual funds slipped to 164.9 billion in the week, with 174 general purpose funds down 393 million to 52.4 billion and 85 proker dealer funds dropping 221 million to 79.4 billion while institutional funds rose 65 to 33.1 billion. IMF bill gains support as critics rally behind the measure.
MENTIONED IN THIS ARTICLE
Money Market
Investment Company Institute
Mutual Fund Trade Group
Money
House
U.S
Customer rates vary by bank and approximate figures cited
Rates charged to customers differ across banks and the figures listed are approximate estimates.
GE local executives optimistic about 1983 outlook
GE reports solid second quarter results with 6.72 billion in sales and 946 million in first half earnings, led by high tech and durable goods. Syracuse area executives note positive reactions to national recovery, with MESO pushing cost cuts and steady demand across electronics divisions. Local leaders cite strong orders in components, semiconductors, and consumer electronics amid import competition.
MENTIONED IN THIS ARTICLE
General Electric Co
John Welch
Welch
Thomas I. Paganelli
Theyracuse
Syracuse
Henry Lehmann
Military Electronic Systems Operations
MESO
Lehmann
Air Force
Navy
James Stansberry
William Carlson
Richard Falk
U.S
Donald Dickerman
Electronic Components Sales Department
Bachman
John Trani
Audio Electronics Products Department
Leading economic indicators rise amid June gains
The Commerce Department reports the Index of Leading Economic Indicators up 1 percent in June, marking an 11th straight monthly rise. Six of ten components advanced, with unemployment claims down, while help wanted ads and labor demand improve, though first-time jobless claims edged up in mid July. The labor market shows mixed signals as contracts sliced pay raises yet jobless totals hover around highs.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
Labor Department
Conference Board
Employment Cost Index In percent change of wages and salaries
The report notes the employment cost index for private industry shows the percent change in wages and salaries. It details how compensation costs evolve across private sector employers, reflecting wage trends and related payroll costs.
Carrols to split stock 2 for 1 in Aug record
Carrols Corp directors approved a two for one common stock split with shareholders of record on Aug 9. The Syracuse headquarters action follows a fiscal year report showing 132 percent rise in continuing operations income to 3.09 million on 85.167 million in revenue. Four new Cleveland area restaurants and the JoAnn's Nut House acquisition expand its operations.
MENTIONED IN THIS ARTICLE
Carrols Corp
Carrols
Carrols Development Corp
Syracuse
Carrols Common
Cards
GM Toyota venture draws fire from industry leaders in Washington
Lee A Iacocca chairman of Chrysler Corp denounces the GM Toyota joint venture planned for Fremont California as giving the firms power to manipulate prices harming consumers and competitors. David N McCammon of Ford also criticizes the venture size while GM executive Marina Whitman argues global competition remains intense and policy should aid U S firms. FTC probes the plan with a decision due after Labor Day and the firms aim to produce 200000 subcompact cars yearly starting 1985 in Fremont.
MENTIONED IN THIS ARTICLE
Lee A. Iacocca
Chrysler Corp
Fremont
Calif
General Motors Corp
Toyota Motor Corp
Toyota
Seaport Opens Anew In Lower Manhattan Attracting Crowds
A $400 million waterfront complex opens south of the Brooklyn Bridge promising 6 million visitors yearly and a major shift in lower Manhattan’s economy. Mayor Koch pledges daily lunch visits, praising the Rouse Co. project with plans for a three story East River pavilion next summer. The area’s revival drew thousands to three blocks of renovated 19th century buildings housing restaurants and shops, with traffic delays and uproar from Fulton Fish Market merchants. Funding totaled 106 million from city and state plus 21 million federal support.
MENTIONED IN THIS ARTICLE
Lower Manhattan
Edward Koch
Koch
City Hall
Seaport
Rouse Co
Boston
Faneuil Hall
Baltimore
Harborplace
South Street
Harrison Goldin
Rouse
New York
Brooklyn Bridge
East River
Hudson River
Philip Aarons
Fulton
Also Mentioned on This Page
Mare Rich
Paul A. Volcker
Treasury
Kaiser Steel
Irwin Jacobs
Kaiser
Jacobs
Gulf Oil
Standard of Ohio
Delta Air Lines
Joseph A. Porcetlo
Dickersson
Brian Bachman
SPD
Paganelli
Farrell Road
Kenneth Goldstein
Cost Index
Trduna Graphic
Burger Kings
Burger King Corp
Food Distribution Service
Cleveland
Ohio
Herbert N. Slotnick
Carroll
JoAnn’s Nut House
Iowa
Florida
Gm-Toyota
House Judiciary Subcommittee
Washington
David N. McCammon
Ford Motor Co
Marina N. Whitman
The
Federal Trade Commission
FTC
New York Times Service
Chrysler
Iacocca
New Seaport
Fulton Fish Market
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