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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jun 26, 1981
Page
11
General Motors outlines a realignment to unify all truck and bus units starting with the GMC Truck & Coach Division in Pontiac and the Worldwide Truck and Transportation Systems Center in Warren. The plan aims to boost efficiency in design and manufacture across GM’s truck and bus businesses.
GM executive J Charles Green in Syracuse said the automaker will roll out two new diesel engines, a V-6 and a straight six, plus more four‑cylinder and front‑wheel drive models. He predicts a 10 million car year aided by tax cuts and pent‑up demand, with new Pontiac Firebird and Chevrolet Camaro versions and a new small truck.
Washington reports dwindling deposits push savings and loan institutions toward losses. Regulators warn of slow action while noting May suffered a record net outflow, despite higher rates on new deposits. Fannie Mae buys more adjustable rate mortgages aiding lenders. Regan and Volcker outline limits on money market funds and tax exemption proposals remain contentious.
Seagram & Sons made an unsolicited bid to acquire up to 35 million of Conoco’s 86 million shares at 73 dollars each, effectively blocking the planned merger with Cities Service. Conoco board to meet early next week to decide, while Cities Service condemns the move as interference.
London bullion houses fix an afternoon gold price of 442 per ounce down from 444.50, and gold in London yesterday fell 16. In New York gold sits at 442 per ounce, down 4.50, the lowest since 1979. Silver hits a two year low at 9.41 in London, down from 9.65, with New York close at 9.46 yesterday.
A guide on gifting 100 XYZ shares to daughter Ellen from a 300 share holding. It covers gift tax implications, basis rules, and holding period, advising to gift the 100 shares bought at 48 dollars to minimize gains for Ellen, while explaining gift splitting, basis transfer, and what Ellen must track when selling.
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