Japanese auto makers ready for richer lineups after quotas lift
Detroit observers predict Japanese shipments will diversify beyond small cars toward European style, luxurious models and new models. Mitsubishis, Toyotas, and Nissans eye higher profit cars like Cosmo, Soarer, Camry, and Cres sida, while a 15 percent shipment rise is anticipated.
MENTIONED IN THIS ARTICLE
Detroit
Japan
Reagan
Scott Merris
Shearson Lehman Bros
Merris
Richard Recchia
Mitsubishi Motor Sales of América Inc
Joseph Phillipps
E.P. Hutton
U.S
Toyota
Nissan
Phillippi
Merlis
Major retailers report mixed February sales for fiscal year
AP summarises February results from Sears Roebuck Kmart and J.C. Penney with gains of 2.4 14 and 4.1 percent respectively while Montgomery Ward declines 2 percent Retail leaders cite slow start and warmer weather as factors and warn first quarter profits will be lower than a year ago Despite strong gains in home appliances Sears notes year-on-year price inflation at 1 percent and January to February merchandise demand from wider lines Woman and men’s fashion items spur sales at Penney with infants wear bedding and accessories performing well
MENTIONED IN THIS ARTICLE
Sears, Roebuck and Co
Kmart Corp
J.C. Penney Co
Mongtomery Ward & Co
Wlater Loeb
Morgan Stanely & Co
New York
Loeb
Jeffrey Fenner
Merill Lynch
Pierce Fen
Sears
Chicago
Edward R. Telling
Kmart
Troy
Mich
Penney
William Howell
Montgomery Ward
Mobil Corp
Wal-Mart
Bentonville
Ark
Office Paper Chase Gains Ground In U S Recycling
A guide outlines establishing an office paper recycling program tied to National Paper Week at the Waldorf Astoria. It urges creating a market, involving employees, separating paper at desks, avoiding contaminants, and publicizing results to turn recycling into a profitable routine for businesses and government offices.
MENTIONED IN THIS ARTICLE
United States
Waldorf-Astoria Hotel
New York City
J. Rodney Edwards
American Paper Institute
Bond market absorbs money supply spurt
New York notes that the bond market absorbed a $3.6 billion surge in the nations money supply, more than forecast and pushing M1 to $572.7 billion for the week ended Feb 25. Economists said the reading surprised on the high side, with forecasters predicting $1.5 billion. The Fed aims for 4 to 7 percent annual growth, and the figure exceeded its upper target, leaving markets wary ahead of the March 26 policy meeting.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Maury Harris
PaineWebber Inc
Fed
David Jones
Aubrey G. Lanston & Co
Harris
Marine Midland opens Atlanta commercial office
Marine Midland Bank has opened a dedicated commercial finance regional office in Atlanta to serve middle market manufacturing firms and distributors. The unit will offer leveraged buyout financing and secured working capital loans as part of the bank’s asset based financing push in the Southeast.
MENTIONED IN THIS ARTICLE
Marine Midland Bank
Commercial Finance Department
Atlanta
Richard Parker
Marine
Timhich
Buffalo
New York
United States
Also Mentioned on This Page
Ministry of International Trade and Industry
Recchia
Subaru
Reich
Federation of Economic Organizations
Yoshihiro Inayama
Chicago Tribune
Domesti
Ner & Smith Inc
By Sylvia Porter
MOS
Simos
Carlot
Ane
Eeyaveene
Cruralicious
Naren Spy
Temples
Atapaeenteeten
Parsley
Curtey
la Garlie
Ateseeve
Aetecesasteses Stenennsense Grace
Ibs
Savoy
N.Y
Mcintosh
N.C
N.Y. Cortland
Boston
Empire Bu
Bartlett Ia
Corde A
Romaine Seteteteseeesnseaeerer
Tn Soensens
Sack
Beetene
Empire
Fess
Eepeenventenes CH
Ribier
Gator Teerendnansuee
Ctn
Medium
Uw Aetteete
Redeudeangvereeees Pole
Jewonsae Geeeerae
Petenseraaansessanageneneate
ORY
Commission
Computer Task Group Inc
Dataware Inc
Dataware
Computer Task Group
Dataway
U.S. Small Business Administration
Peoples Commercial Bank of
East Greenbush
SBA
Peoples
White Rock Products Corp
New York State
White Rock
Eastman Kodak Co
Beta Physics
East Bloomfield
Ontario County
Michael A. Marcus
Herbert L. Rees
Kodak
Eastman Techology Inc
Rees
Genesee Brewing Co
Rochester
ConDiesel Mobile Equipment Corp
Schenectady
Capital District
Michael Wallender
Farley Industries Inc
Con Diesel
Salisbury
Niskayuna
Watervliet Arsenal
Sybron Corp
E United Press
Lloyd’s
Steel & Weed
Bear
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