Retailers report May sales gains amid promotions
Major retailers posted higher May sales led by Sears durable goods and appliances with total four week sales at 1.44 billion up 12.7 percent from May 1980. Kmart rose 9.5 percent to 1.24 billion while J C Penney climbed 8.2 percent to 802 million. Woolworth rose 1.2 percent to 550.8 million and Montgomery Ward up 11 percent to 413.2 million. NYSE profits surged to 342 million in Q1 from 97 million a year earlier and 357 million in Q4. Black Enterprise highlights top black owned firms with energy sectors dominating profits. Hilton scrapped plans for a 800 room extension. federal judge dismisses Sears indictment but prosecutors vow other routes. Pan Am cuts 112 management jobs as it seeks wage concessions from 21,000 employees. Pratt & Whitney warns of more layoffs if market worsens. UTC cites potential further job losses amid weak aviation demand.
MENTIONED IN THIS ARTICLE
Sears Roebuck & Co
Sears
Edward L. Telling
Kmart Corp
Troy
Mich
J.C. Penney Co. Inc
Walter J. Nepps
Penney
F.W. Woolworth Co
Montgomery Ward & Co
Mobil Corp
Chrysler Eyes Profit At Annual Meeting In Wilmington
Chrysler Corp chairman Lee Iacocca predicts a good shot at profit in the second quarter of 1981 after overhauling operations and lowering the break even point. He notes May sales rose 34 percent, Mitsubishi imports boost market share, and stockholders approve increasing authorized common shares to 170 million.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Chrysler Corp
Lee A. Iacocca
Tacocca
U.S
Fay's Drug Co posts first quarter earnings dip
Fay's Drug Co reports first quarter net earnings of 183 829 dollars or 8 cents a share, down from 296 008 dollars or 13 cents due to soft southern store sales and higher interest costs. Revenues rose to 58.34 million from 51.76 million, aided by a 10 million cash gain from selling southern units to Rite Aid. The company plans openings in Upstate New York and major expansion of its warehouse to offset losses and cut debt. The annual meeting is set for tomorrow at Hotel Syracuse.
MENTIONED IN THIS ARTICLE
Fay’s Drug Co
Cording
Henry A. Panasci Jr
Fay
Southern
Panasci
Fay's
New York
Pennsylvania
Syracuse
Henry Clay
Pound Slumps to 24-Year Low as Markets Sour
The British pound dropped to a 24 year low against the dollar amid a weak gold market and signals that the Bank of England will not defend sterling. The dollar rose to four year highs against the West German mark while gold slid from about 474 to 462.50 an ounce. In Washington, a Reagan adviser predicted dollar weakness amid lower inflation and rising imports.
MENTIONED IN THIS ARTICLE
London
U.S
Bank of England
Europe
New York
Washington, D.C
Reagan
Council of Economic Advisers
William Niskanen
Zurich
Hong Kong
Oil price cuts ripple through OPEC and US producers
New York AP reports several oil exporters including Libya and Iraq cutting prices amid a global oil glut and falling demand. Libya seeks $36 a barrel for its best crude while Iraq trims by 57 cents to $36.93, and Standard Oil of Ohio lowers Alaska North Slope crude to about $33.
MENTIONED IN THIS ARTICLE
New York
Organization of Petroleum Exporting Countries
Libya
OPEC
Platt
Oilgram Price Reporter
Iraq
Iran
Japan
Standard Oil Co
Ohio
Alaska
Saudi Arabia
Boss and Business Woman of Year Named in Syracuse
Arnold Berger director of personnel services for the Syracuse City School District was chosen Boss of the Year by the Syradaga Chapter American Business Women's Association. Gladys Ronsvalle head of Ronsvalle Chocolate Co. was named Business Woman of the Year and serves as chapter national delegate. Scholarships of 300 and 200 were awarded to Mary Patricia Carroll and Sharon Smith. Michael Price discussed Coast Guard Reserve history and mission. ABWA notes 25 years of operation and 1800 chapters with 100000 members. Syradaga Chapter chartered in 1962.
MENTIONED IN THIS ARTICLE
Arnold Berger
Syracuse
Syradaga
American Business Women's Association
Gladys Ronsvalle
Ronsvalle Chocolate Co
Concord
Berger
Edna Haynes
Mary Patricia Carroll
Sharon Smith
ABWA
United States
Corporate pensions and the elderly in a changing system
A garbled but pointed critique of private corporate pension plans. The piece argues Social Security remains foundational while corporate pensions offer uncertain, often meager benefits. It cites the limited reach of private plans, long vesting periods, and lack of inflation indexing. It offers steps to obtain plan details and warns of possible regulatory trouble. It shares the Sue case illustrating denial of benefits and impediments to separate IRA creation.
MENTIONED IN THIS ARTICLE
Bette
Also Mentioned on This Page
Business Digest
New York Stock Exchange
NYSE
Top 100
Black Enterprise Magazine
Hilton
Hilton Hotels Corp
New York Hilton
Sixth Avenue
Sard
54Th Streets
Las Vegas
Sears, Roebuck & Co
PanAm
Pan American World Airways
Drlne
UTC
Phe
Pratt & Whitney Aircraft Group
Paris
Robert J. Carlson
Martford Courant Today
Pratt & Whitney
United Technologes Corp
Mast Hartford
Conn
Ballon
Cammer
Othr
Chrysler
Lacacca
Mitsubishi
Federal
Chrysler Loan Guarantee Board
David Healy
Drexel Burnham Lambert
Iacocca
Joseph A. Porcello
South Carolina
Rite Aid Corp
Janes
Commodity Exchange Inc
Handy & Harman
Mary
Liverpool High School
Alfred State University
Sharon
East Syracuse-Minoa High School
Powelson Business Institute
Michael Price
WIXT
Coast Guard
AWBA
Bor
Nis
Flood
Sue
My Ovn
TRS
INS
IRS
IPIRS
Labor Department
Brd
By Sylvia Porter
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!