Global Markets Digest and U.S. Credit Trends
The dollar weakened against most major currencies except the pound as Europe and Tokyo traded, gold advanced up to $9 an ounce, and analysts hint rates may ease. The Fed reported money supply declines and rising consumer installment debt, Fiat cut 60,000 auto jobs for a week, and sugar industry seeks farm bill aid while savings incentives and credit card fee bans dominate legislative action.
MENTIONED IN THIS ARTICLE
Europe
Tokyo
U.S
London
Geoffrey Howe
Howe
Bank of England
Britain
Zurich
Hong Kong
New York
Handy & Harman
Commodity Exchange
Italy
Fiat
New York economy recovers as small firms lead revival
In a five part series Judy Watson examines New York's 1970s economic shift. From high employment and growth to a harsh downturn, the state reorients to service and small business while major industries and Wall Street remain pivotal. Part 2 previews a stabilizing outlook for business expansion in New York.
MENTIONED IN THIS ARTICLE
New York
Judy Watson
Albany
UPI
Nelson Rockefeller
Gerald Ford
New York City
Hugh Carey
Agribusiness
Exxon
International Business Machines
International Telephone and Telegraph
Union Carbide
Eastman Kodak
RCA
State Commerce Department
Upstate
Buffalo
Syracuse
NiMo earnings drop amid inflation and rising costs
Niagara Mohawk Power Corp reports 1980 earnings of $1.87 a share, down from 1979, due to a 2.1 percent drop in electric sales, higher operating expenses and taxes, and 18 percent higher financing costs. Gas sales rose 4.9 percent, and executives foresee earnings recovery in 1981 amid rate consideration and ongoing energy projects. The utility serves 1.3 million electric and 423,000 gas customers with about 9,700 employees.
MENTIONED IN THIS ARTICLE
Niagara Mohawk Power Corp
Niagara Mohawk
New York State
State Public Service Commission
John G. Haehl, Jr
William J. Danion
PSC
Stock Watch tracks insider trading amid high profile cases
The New York Stock Exchange surveillance unit Stock Watch uses 11 analysts and computer systems to monitor trading as insiders face probes. Cases include a Morgan Stanley insider ring, a Wy man and Frank Wyman verdicts, and Edward Gilbert's 34 counts of stock manipulation. Experts debate the system's limits amid evolving technology.
MENTIONED IN THIS ARTICLE
New York Times
New York Stock Exchange
Morgan Stanley & Co
Securities and Exchange Commission
Frederick Wyman 2d
L.F. Rothschild
Stock Watch
American Stock Exchange
Stock Exchange
Harvey Pitt
SEC
Washington
New York
Fried, Frank, Harris, Shriver & Kampelman
Morgan Stanley
Exchange
Saudis host executives at three day business symposium
Representatives from 100 of the world's largest corporations gather in Riyadh for a three day symposium on the kingdom's economic and industrial development hosted by the Saudi Ministry of Finance and Economy. Participants include Exxon Mobil BP Shell Citicorp IBM Mitsubishi Sony U S Steel and Lockheed with Saudi firms also joining.
MENTIONED IN THIS ARTICLE
JIDBA
Saudi Arabia
Business International
Ministry of Finance and Economy
Kingdom
Arabian Peninsula
Michael Sullivan
Busi
Ness International
Middle East
King Faisal
Riyadh
Saud al-Faisal
Mohammed Abu al- Khail
Ahmed Zaki Yamani
Hisham Nazer
Abdul Abdulrahman al- Sheikh
Ghazi al-Gosaibi
Industry
Exxon Corp
Mobil Corp
British Petroleum Co. Ltd
Royal Dutch-Shell Group
Citicorp
International Business Machines Corp
Mitsubishi
Sony
U.S. Steel Corp
Lockheed Corp
Your Money's Worth prompts self check for career growth
Dr. Barry Nathanson presents a set of warning questions to reveal career traps. It asks about reporting lines, learning, promotion, pay, creativity, challenge, self esteem, and future growth in one’s company. It urges timely interpretation and action.
MENTIONED IN THIS ARTICLE
Barry Nathanson
Richards Consultants, Ltd
New York City
Com
Also Mentioned on This Page
Business Digest
Federal Reserve Board
Wall Street
Federal Reserve
Fed
MIB
Senate
Commodity Futures Industry
Commodity Futures Trading Commission
NiMo
Elbridge
Lafayette
Oakdale
Binghamton
New York State Electric & Gas Corp
Nyse&g
EMS
Central
Sion
Thomas A. Russo
Cadwalader, Wickersham & Taft
Soliman A. Solaim
Commerce
Parison
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!