Fay's Drug declares 10 percent stock dividend and cash dividend
Fay's Drug Co the fast growing Liverpool based retailer announced another 10 percent stock dividend and a cash dividend at its annual meeting in Hotel Syracuse Henry A Panasci Jr board chairman said inflation and recession impacted revenues but expected stronger gains in the fourth quarter and after new stores totaling 110 units as of Jan 31 1980 four more stores are planned this year Panasci noted Fay's 1980 revenues reached 194.04 million with net earnings just over 3 million or about 1 45 a share First quarter revenue rose 33 percent to 51 8 million with earnings up 8 percent to 348 000 or 17 cents a share as compared to the prior year.
MENTIONED IN THIS ARTICLE
Fay’s Drug Co
Liverpool
Henry A. Panasci Jr
Fay
Syracuse
Panasci
New York State
Buffalo
Canandaigua
Elmira
Fay’ S
Angesunig
Widjur
Fay’s
Panasei
Atlantic City Casinos Hit May Record Winnings
Atlantic City casinos posted a May record with total winnings of 51.8 million dollars or about 1.7 million daily. Resorts International led with 19.2 million, Caesars Boardwalk Regency 17.1 million, Ballys Park Place 15.44 million, and ERC Corp. endorsed a 570 million takeover bid by Getty Oil. May surpassed April by 3 percent but lagged last May by 5.8 percent.
MENTIONED IN THIS ARTICLE
Atlantic City
New Jersey Casino Control Commission
Resorts International Hotel Casino
Caesars Boardwalk Regency
Bally’s Park Place
Commission
Ben Borowsky
ERC Corp
Getty Oil Co
ERC
Eastern Co op elects officers for 1980-81 slate
Stanley J. Korona of Amsterdam becomes president of Eastern Milk Producers Cooperative Association, succeeding Arden Tewksbury of Meshoppen who retires after five years. Other officers elected include David Clements Jr as vice president Franklin G. Wagner Sr as secretary George Fuller as treasurer Clyde Wilson as assistant secretary treasurer. 58th annual meeting followed $500 per member assessment to cover losses from bankrupt dairy firms.
MENTIONED IN THIS ARTICLE
Stanley J. Korona
Amsterdam
Eastern Milk Producers Cooperative Association
Korona
Arden Tewksbury
Meshoppen
David
Eastern
Tewksbury
Northeast
Gulf and Western unveils 150 mile electric car battery
Gulf and Western Industries says its zinc-chloride battery enables a practical electric car to travel 150 miles at 55 mph without recharging, with production possible within four years. The system could also store energy for utilities and cut oil imports by year 2000, aided by an energy efficiency labeling program for major appliances.
MENTIONED IN THIS ARTICLE
N.Y. Times
Gulf and Western Industries
David N. Judelson
New York City
Judelson
United States
Charles J. Smith
Energy Department
Gulf and Western
U.S
Federal Trade Commission
Reading Energy Guide labels helps save on costs
The article explains how Energy Guide labels on appliances show energy efficiency ratings and annual operating costs. It instructs shoppers to use local utility rates and usage hours to compare models, and advises checking size and capacity to avoid inefficiency while highlighting potential yearly savings of 50 or more dollars.
MENTIONED IN THIS ARTICLE
Department of Energy
Energy Department
Auto makers face two more years of tough times
A congressional study warns US auto makers and workers will endure at least two more years of hardship as demand shifts to small fuel efficient cars. The 103 page report says plants built for large cars hinder meeting demand, with $30 billion planned to downsize fleets by 1982, while 1980s labor layoffs loom.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Trade
U.S
Gold Breaks Above Six Hundred Level In Europe
Gold surged to as high as 24 dollars an ounce lifting to 600 plus in Europe as demand ran strong amid market rumors of hostage killings in Iran. Silver climbed to 17.02 dollars per ounce in London while the dollar eased against major currencies in quiet trading.
MENTIONED IN THIS ARTICLE
Europe
Iran
London
New York
Handy & Harman
Kraft Dart merger creates Dart Kraft Inc in Chicago
Kraft Inc. will merge with Dart Industries to form Dart Kraft Inc with headquarters in the Chicago area. The deal values the tax free transaction near 2.3 billion with Richman remaining Kraft chief and Dart’s Justin Dart chairing the executive committee. Syroco joins as a Dart unit in home furnishings and giftware.
MENTIONED IN THIS ARTICLE
Chicago
Kraft Inc
Dart Industries
Syroco
Dart & Kraft Inc
John M. Richman
Kraft
Also Mentioned on This Page
Sumer
Henry A. Panasci
Matthew Sindoni
Getty
General Motors Corp
Justice Department
John V. Wilson
General Motors
James B. Churchill
Detroit
Internal Revenue Service
IRS
California
Eastern Airlines
Los Angeles
San Francisco
American Airlines
United Airlines
Trans World Airlines
Shell Oil Co
S.M. Lambert
Shell
Organization For Economic Cooperation and Development
OECD
Paris
Hanover
Federal Reserve
Ennaymer Finance
First Pennsylvania Corp
Stanley J. Korona Takes
Gulf & Western
David Judelson
Yes
By Sylvia Porter
Kraft-Dart
Wall Street
Glenview
West Bend
Dart
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