Inflation outlook via Wall Street economist Heinemann
Morgan Stanley economist Erich Heinemann predicts inflation could fall to about 9.3 percent by mid 1982 from 12.4 percent in 1979 80, citing sustained monetary growth decline and tight money. European American Bank cautions inflation may rise briefly due to oil food taxes and wage changes, with December rate near 10.4 percent. Volcker says Fed aims to curb money and credit growth even at higher borrowing costs.
MENTIONED IN THIS ARTICLE
William Glasgall
New York
Wall Street
A.H. Erich Heinemann
Morgan, Stanley & Co. Inc
E A. Heinemann
Heinemann
MIB
Federal Reserve
A. Heinemann
Fed
Federal Reserve Board
Paul Volcker
Market shares of the top 10 U.S. toy companies
The top 10 U.S. toy companies held less than 50 percent of the market for toys and games in the United States. Mattel Co. controlled under 10 percent, indicating a highly fragmented market with a diverse competitive landscape.
MENTIONED IN THIS ARTICLE
U.S
United States
Mattel Co
ChemSphere cash management services from AlChemical
A promotional note touts ChemSphere cash management with ChemLink data terminals, enabling cross bank transfers, international financing, foreign collections, and precise currency exchange timing to boost profits. Contact Peter Haley at 315-424-1566 for information.
MENTIONED IN THIS ARTICLE
Bank Worldwide
ChemLink
ChemSphere
Europe
Southeast Asia
Mideast
Peter Haley
Expert prefers bonds in changing market tone
George Michaelis of First Pacific Advisors argues for intermediate-term bonds amid a market shift from high-multiple growth stocks. He notes an inverted yield curve, warns on stocks above 20 times earnings, and cites IBM, Minnesota Mining, Coca Cola, and Eastman Kodak as among favored blue-chip names.
MENTIONED IN THIS ARTICLE
New York
George Michaelis
First Pacific Advisors
New York Society of Security
Michaelis
First Pacific
Kidder, Peabody
Standard & Poor
Interre
Fife
Tn Essense
IBM
Minnesota Mining
Coca-Cola
Eastman Kodak
Riklis reshapes Rapid American into bondholder empire
Meshulam Riklis, chairman of the $2.6 billion Rapid American Corp., rids common shareholders for bondholders via a merger with Kenton. Bonds yield 20 percent while earnings barely cover interest, and shareholders face tax on bond discounts. Riklis and family hold 60 percent, American Financial 40. The move follows numerous lawsuits, a 1975 stock loss, and a controversial bonus to Riklis.
MENTIONED IN THIS ARTICLE
Robert Lenzner
Meshulam Riklis
Rapid American Corp
Riklis
Kenton
Riblis
American Financial Corp
Cincinnatti
Rapid American
IRS
Schenley
Also Mentioned on This Page
Fisher Price
Tomy
Parker Bros
Gabriel
Coleco
Hasbro
Mattel
Milton Bradley
Kenner
Source
William Blair and Co
Chicago Tribune Graphic
Ae Geelie Loae
Perle Ingham
Sake yNi Aes Ieee
COMPA
Chemical
Buffaloeessor
Ene
Binghamt
Albany
Brooklyn
O’neill
Fralo
Hester
FDIC
Anytown
Alex
Joseph Associates, Inc
Naas Co
New York State
Plex
Joseph Pie
Vantee
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