Dollar climbs as world markets digest rate shifts
In Europe and Tokyo the dollar rebounded from earlier losses while gold eased in Hong Kong and held near steady in Europe. London fixed $516.75 an ounce, up $6.75. Hong Kong closed gold at $510.41, down $9.25. Silver hovered around $13 in London. copper and oil mixed. Analysts linked higher Eurodollar rates and deposits abroad to the dollar rally.
MENTIONED IN THIS ARTICLE
Europe
Tokyo
Hong Kong
London
Zurich
New York
Handy & Harman
Commodity Exchange
Prudential offers $385 million for Bache Group in takeover bid
Prudential Insurance Co. of America bids $385 million to buy Bache Group Inc., with 32 a share plus warrants. Orion Capital Corp. faces five potential white knights if Charter Company’s friendly bid advances, while Orion’s stock rises amid talks. Belzberg family fights for control as legal challenges test New York takeover law.
MENTIONED IN THIS ARTICLE
Prudential Insurance Co. of America
Bache Group Inc
Wall Street
White Knights
Orion Capital Corp
Charter Company
Orion
Charter
Jacksonville
Fla
Securi
Ties and Exchange Commission
New York Times
Ashland Oil Inc
Integon Corporation
Winston-Salem
N.C
Life Insurance Company
Shearson Loch Rhoades Inc
NLT Corporation
Ashland
Prudential
Bache Group
Bache
Selzberg Brothers
British Columbia
New York Stock Exchange
Pacific Stock Exchange
Bachestock
Syracuse Ties
Newark
N.J
Robert A. Beck
Syracuse University
Belzberg
Beck and Jacobs
H. Virgil Sherifl
U.S
New York
New York State
Hyman Belzberg
Prime rate in key role by Peters Nagan Newhouse News Service
Washington experts see the decline in the commercial banks prime lending rate as an overdue adjustment not a trend. The prime affects many bank charges to consumers and mortgage borrowers and can sway stock prices. Banks may trim rates to protect volumes while inflation and credit demand persist.
MENTIONED IN THIS ARTICLE
Peters
NAGAN
Newhouse
Washington
U.S. Treasury
Federal Reserve System
Federal
Fed
Treasury
Federal Reserve
Carrier wins default note suit in Arkansas case
A Carrier Corp division wins $24,708 in a promissory note suit against Cycles Ltd of West Memphis Arkansas. Judge Munson denied extra $8,878 for goods and dismissed a $23,247 warranty claim but allowed refile if legal steps are met. Parties may pursue personal guarantor questions and potential future counterclaims.
MENTIONED IN THIS ARTICLE
Carrier Corp
Arkansas
U.S
Howard G. Munson
Transiold
Arkansas Company
Munson
Syracuse
Transicald
Cycles Ltd
West Memphis
Ark
Cycles
Darnell Dale Yeager Sr
Vida Doner Yeager
Glenn Heagerty
West Memphis Truck & Trailer
Transicold
COUIL
Yeagers
Glenn Neaperly
Kodak Bonus Day Delivers Large Rochester Wage Payout
Eastman Kodak wo rldwide and Rochester area workers receive about 146.7 million in annual wage dividends, with about 98.1 million in cash to Rochester employees. The 3.175 percent bonus on wages from 1976 to 1980 boosts local spending and business activity, especially in furniture and big-ticket items, as employees plan purchases ahead of the payout.
MENTIONED IN THIS ARTICLE
Rochester
UPI
Eastman Kodak Co
Rochester-area
Kodak
Paul Ruben
Rochester Chamber of Commerce
Wyoma Best
Buffalo
Syracuse
Homer Marple
Marple Furniture
Your Money's Worth How much would federal tax cuts help you
A Reagan plan to trim individual tax rates by 30 percent may reduce your 1984 bill if your earnings stay flat, but rising pay could push you into higher brackets offsetting gains. The impact varies by income, with estimates from $0 to about $7,000 in savings for high earners, and capital gains likely to fall to 20 percent. Congress may act in fall. expectations depend on the economy and inflation.
MENTIONED IN THIS ARTICLE
Congress
Reagan
Matthew Bender
Cleveland
Brooke Shearer
U.S
Also Mentioned on This Page
Business Digest
Jos
Tenneco Exploration
Tenneco Inc
Baltimore Canyon
Tenneco
Oil Exploration and Production
U.S. Geological Survey
Atlantic City
Agriculture Department
Department
Crop Reporting Board
Conrail
Consolidated Railroad Corp
N. Stanley Crane
House Transportation
Tion
United States
Commerce Department
Wells Fargo Probe
Wells Fargo
Herald J. Smith
Milan
Marshall Field
Takover
Uslife Corporation
Gordon BE. Crosby Jr
Uslife
Com
Lon
By Dale Easler
Transfcold
David W. Pelland
Wilfred Hoffmann
By Sylvia Porter
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