Gold prices rally across markets and jobs data mixed
Gold rose in London New York and Zurich with gains up to $6 an ounce while silver advanced about 10 cents in London. The Labor Department reported 65000 state job openings as of Feb 1 with January openings up 14 percent from December yet still below January 1982 levels. Dealers expect Fed policy restraint amid holiday futures and currency moves. General Electric begins computer rentals to business customers and Honda raises 1983 Prelude price by about 18 percent to 9645 dollars with sales starting in March.
MENTIONED IN THIS ARTICLE
New York
London
Zurich
Hong Kong
Handy & Harman
Labor Department
Federal Reserve
U.S
North Sea
Tokyo
General Electric Co
Edward DeMarco
Instrumentation and Computer Service
Detroit
Honda
United States
Bank Customer Rates Vary by Institution
The rates to customers may vary from bank to bank. Customer rates listed here are approximate.
AT&T to raise access charges for rivals
AT&T acting for 22 local affiliates said it will raise connection charges to long distance rivals by about 18 percent effective April 16, lasting through year end. The move, based on a minutes of usage formula, targets MCI and others and faces court challenges and possible FCC suspension.
MENTIONED IN THIS ARTICLE
American Telephone and Telegraph Co
Federal Communications Commission
MCI Communications Corp
At&t
MCI
Southern Pacific Communications
United States Transmission Service
Western Union
Satellite Business Systems
Bell
FCC
Gary Tobin
Commission
Trade deficit narrows as exports rise and oil drops
The United States posted a February merchandise trade deficit of 358 billion dollars, up 11.2 million, as exports to Mexico surged while oil imports fell sharply. The Commerce Department trimmed its 1983 deficit forecast to no more than 60 billion, with January and last year figures noted.
MENTIONED IN THIS ARTICLE
Mexico
Commerce Department
Department
David Lund
Lund
Brazil
Argentina
United States
Japan
U.S
Pneumo raises first quarter earnings 47 percent
Pneumo Corp. parent of P and C Food Markets and Carls Drug Co. reports total quarterly earnings of $7.01 million or $1.06 a share for the quarter ended Feb 28 up from $4.76 million or 67 cents a share year earlier. Sales by Food/Drug Group rose to $211.06 million and Aerospace/Industrial sales to $82.98 million, with total sales at $294.04 million.
MENTIONED IN THIS ARTICLE
Pneumo Corp
P & C Food Markets
Carls Drug Co
Food/Drug
Carls
Pneumo
Aerospace/Industrial group
Gerard A. Fulham
US automakers weigh continuing sales promotions
Domestic automakers stay quiet on plans to replace expanding promotions that expire tomorrow. Analysts see GM under pressure to act to move small cars while Ford and GM deny future incentives. Chrysler extends rebates to April 10 as industry weighs fuel economy targets amid rising demand for large cars.
MENTIONED IN THIS ARTICLE
General Motors Corp
John Hammond
Data Resources Inc
Lexington
Mass
Arthur Davis
Prescott Bail & Turben
Cleveland
Ohio
Ford Motor Corp
Chrysler Corp
Ford
Davis
Chrysler
Hammond
Bill Peacock
Harald Jackson
American Motors Corp
Rita McKay
Volkswagen of America Inc
Marine Midland Bank Cuts Personal Loan Rate In Spring Sale
Marine Midland Bank reduced personal loan rates from 15.5 to 13.95 percent in a spring loan promotion through May 14. Home equity loans drop to 13.95 percent plus two points, with loans up to 50 000 dollars and terms from one to 15 years for New York residents with first mortgages.
MENTIONED IN THIS ARTICLE
Marine Midland Bank
Robert E. Wehrle
Wehrle
New York State
Pay-TV options and pay-per-view in basic cable
A reader surveys pay-TV choices such as ARTS BEN CNN ESPN HBO Show Time and The Movie Channel. It explains basic vs pay services ad supported or free capacity and pay-per-view. It notes mergers and the need to avoid overlapping offerings and questions whether readers should stay with mainline cable or revert to simpler viewing.
MENTIONED IN THIS ARTICLE
Alpha Repertory Television
ARTS
Black Entertainment Network
BEN
USA Network
Cable News Network
CNN
Cable Health Network
CHN
Public Affairs
CSPAN
Entertainment and
ESPN
Financial News Network
FNN
WGN
Chicago
WOR
New York
WTBS
Atlanta
Showtime
Spe
Cials
Movie Channel
HBO
Cinemax
Also Mentioned on This Page
GE Leasing Computers
Netherlands
Ustralia
Aiwar
Courg
U.S. Army
By Sylvia Porter