Rates Rise on Six Month Savings. Chrysler Plans 26 Million Shares
Banks may pay 8.955 percent on six month certificates up from 8.785 percent while savings institutions stay at 9.00 percent. Treasury bill yields climbed at auction with six month at 8.705 percent and three month at 8.68 percent. Chrysler to issue 26 million common shares to erase 1.1 billion in preferreds, pricing at 165 and raising about 432 million. GMAC car loan payments rose 9.2 percent to 248 monthly with new car prices at 11,060 and average financing length 44.7 months. De Beers CSA plans 3.5 percent price rise April 5. Paradyne sued by SEC over a million federal SSA contract.
MENTIONED IN THIS ARTICLE
Treasury
Chrysler Corp
General Motors Acceptance Corp
Ward
GMAC
de Beers
C.S.O
George Holmes
Jewelers
Circular Keystone
Bank Customer Rate Notes Vary by Institution
The statement notes that customer interest rates can differ across banks and that listed rates are approximate reflections. It cautions that actual rates may vary by lender and are not final until formal quotes are issued.
Area home construction gains momentum in national housing revival
The Home Builders Association of Central New York notes Onondaga County shows a modest rebound with 49 single family starts in February up from 41 in January, while no new multi unit starts occurred in January or February. Analysts cite falling interest rates as the key driver of the broader U S housing revival.
MENTIONED IN THIS ARTICLE
Onondaga County
Home Builders Association of
Central New York
Builders Association
Association of Business Economists
National Association of Home Builders
Dean Christ
The
Home Builders
U S Steel weighs import talks with British Steel
U S Steel confirms talks with British Steel Corp to import unfinished steel to its Fairless Works near Philadelphia and possibly other plants. The plan triggers furor from the United Steelworkers who warn of grave industry implications and job risks while noting a potential British investment of about 100 million dollars.
MENTIONED IN THIS ARTICLE
U.S. Steel Corp
British Steel Corp
U.S. Steel
Fairless Works
Steelworkers
Lloyd McBride
United Steelworkers of America
Pittsburgh
British Steel
Philadelphia
J. Bruce Johnston
U.S
Fairless
Johnson
Charles Bradford
Merrill Lynch
Pierce, Fenner & Smith
Goulds Pumps Reports 1982 Slump Amid Layoffs and Stockholders Meet
Goulds Pumps filed an annual report showing a 9 percent sales drop from 308.6 million in 1981 to 279.9 million in 1982, with net income down 22 percent to 20 million and a 22 percent fall in earnings per share while dividends rose to 68 cents. The company laid off nearly 300 workers, reduced orders backlog to 69 million, and cut capital additions. Chairman Tarnow and President Napolitano warned the economy set a harsh tone yet outlined cost-cutting and productivity efforts as 1983 outlook hints at inflation easing and market recovery potential. The stockholders meeting is set for April 20 at the Holiday Inn in Seneca Falls.
MENTIONED IN THIS ARTICLE
American Bridge Division
Steel
South Korea
Seattle
Bradford
Washington
U.S. Steel
Fairless Works
Fairless Hills
Philadelphia
Britain
British Steel Corp
Ravenscraig
Scotland
Glasgow
British Steel
Europe
United States
Goulds
Holiday Inn
Seneca Falls
Robert L.tarnow
Tarnow
White House
Vincent A. Napolitano
Napolitano
Norstar buys Bank of Commerce unit in Albany for 34.4 million
First American Bankshares sold its majority stake in Bank of Commerce of New York City to Norstar Bancorp for 34.4 million. It also proposed a tender offer for all Valley Fidelity Bank & Trust Co. stock at 64 a share, owning about 36.6 percent of Valley Fidelity now.
MENTIONED IN THIS ARTICLE
First American Bankshares Inc
Bank of Commerce of
New York City
Norstar Bancorp Inc
Albany
Valley Fidelity Bank & Trust Co
Knoxville
First American Bankshares
Valley Fidelity
First American
Supercomputer race turning lopsided
The United States leads today but faces a Japanese push with a $200 million program aiming for 10 billion operations per second. Academics warn of declining US dominance as officials debate crash programs while Robert Knapp and peers attempt in-house builds.
MENTIONED IN THIS ARTICLE
United States
National Science Foundation
America
Los Alamos National Laboratory
Douglas Pewitt
White House
Office of Science and Technology
Also Mentioned on This Page
Chrysler
Toyota
Honda
Automotive News
Oldsmobile
Buick
Chevrolet
BBC
Paradyne
Securities and Exchange Commission
Paradyne Corp
Largo
Social Security Administration
Peradyne
SMC
SSA
Commerce Department
Robert Ortner
New York
Fairless Steel Works
Morrisville
Norstar
Tennessee Bank
Virginia
Oneida National Bank
Norstar Bankcorp
Bank of Commerce and
Community State Bank of Albany
Financial General Bankshares, Inc
First American Bankshares, Inc
Contral
William J. Broad
New York Times Service
Ger
Bruce Knapp
Nevis Laboratory
Columbia University
Knapp
Defense Advanced Research Projects Agency
Bell Labs
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