Dollar Slips Across Europe After Mitterrand Inauguration
The US dollar fell against major European currencies in early trading after the French franc spiked post inauguration of Francois Mitterrand. Bank of France hiked key rate to 17 percent to defend the currency, with dollar quotes sliding from earlier highs. Gold prices also weakened, trading lower in London Zurich and Hong Kong, while silver and other metals moved modestly. Nabisco and Standard Brands scheduled July 1 merger meetings to approve a nearly two billion dollar stock swap creating Nabisco Brands Inc. WATS rates face changes by June 1 to shift costs toward large users with phased implementation debated by the FCC commissioner.
MENTIONED IN THIS ARTICLE
London
Tokyo
Francois Mitterrand
France
Bank of France
U.S
Europe
Te Bank of Japan
New York
Zurich
Hong Kong
Commodity Exchange Inc
Comex
Nabisco Inc
Standard Brands Inc
Nabisco
Nabisco Brands Inc
Standard Brands Common
Washngton
Federal Communications Commission
WATS
American Telephone & Telegraph Co
At&t
Joseph R. Fogarty
Reagan censors calm markets seek compromise tax plan
Wall Street sees a scaled back tax relief as stabilizing but questions remain about money supply and growth. Analysts debate whether interest rates have peaked or will rise further into summer as the Fed maintains tight policy while the budget deficit grows.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Wall Street
Ing
Federal Reserve Board
Treasury
Jack Kemp
R-N.y
William V. Roth
R-Del
Leon Taub
Chase Econometrics
Chase Manhattan Bank
Kemp-Roth
Bob Stovall
Dean Witter Reynolds Brokerage House
White House
David Stockman
Tor
Stovall
Kemp- Roth
Fed
Paul Volcker
Onondaga Savings Bank Offers Adjustable Rate Mortgages
Onondaga Savings Bank will begin taking applications for ARMs Tuesday. Senior vice president David M. Dembowski said rates can adjust by fractions of a percent annually with up to a six percent overall life change. Initial rate is 14.75 percent plus two points, lower than many ARMs and with a 15 percent down payment.
MENTIONED IN THIS ARTICLE
Onondaga Savings Bank
David M. Dembowski
Dembowski
Onondaga Savings
Dehowski
Federal Home Loan Bank Board
Oil output expected to be cut at OPEC meeting
U S analysts say Saudi Arabia’s stance shifts toward a production cut at the Geneva meeting starting Monday. Venezuela’s Humberto Calderon Berti opposes price cuts while analysts like Constantine Fliakos of Merrill Lynch see a likely deal either way to curb the global oil glut and stabilize prices. Also, Marine Midland Bank names W Anthony Shay Jr. a regional VP overseeing marketing and money management for the Central Region.
MENTIONED IN THIS ARTICLE
New York
Saudi Arabia
U.S
Organization of Petroleum Exporting Countries
OPEC
Sheik Ahmed Zaki Yamani
Germany
Yamani
Venezuela
Oid
Humberto Calderon Berti
Caracas
Geneva
Switzerland
Constantine Fliakos
Merrill Lynch
Pierce, Fenner & Smith Inc
Shay
W. Anthony Shay Jr
Marine Midland Bank
Robert &. Wehrle
Bank
FDA expands mushroom recall to 30 states nationwide
The FDA warns 30 states not to eat four ounce canned mushrooms from Pipe Royal Mushroom Products due to botulinum toxin contamination found by government tests and the National Food Processors Association. About 5 million cans were distributed under several brands. consumers should return affected products. No injuries reported yet.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
Pipe Royal Mushroom Products
FDA
National Food Processors Association
PDA
Wayne Pines
Pine
Pines
Oxford Royal
Lux
Kelton
P and C
Big M
New York
Pennsylvania
District of Columbia
California
Rhode Island
Basic
Brandywine
Waterford
Hudson Farms
Quaker State
Royal Treat
GM's I cars launch global counterattack on Japanese imports
GM unveils three 1982 front drive subcompacts Cavalier 42000 and Cimarron aimed at Toyota Datsun and Honda. The plan includes larger future front drive units and a broader push to outperform Japanese rivals through cost fuel efficiency and a strong dealer network. GM presents strong efficiency gains and a high stakes strategic shift in the U.S. and world market.
MENTIONED IN THIS ARTICLE
General Motors
Japan
Toyota
Datsun
Honda
Detroit
U.S
Chevrolet
Citation
Buick
Pontiac
Phoenix
Omega
Midway
Germany
Volkswagen
Europe
Renault
CMN
Also Mentioned on This Page
Artic Alaska
Exxon Co
U.S.A
Beaufort Sea
Alaska
Serv
F. James McDonald
United Auto Workers
Gg. McDonald
Bergall
Pacific
Iane
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!