Dollar dips as currencies waver in early trading
US dollar weakens against major currencies in early trading with the euro and yen showing declines. Gold prices drop across Europe and Asia, with New York near a three month low. IBM Nippon trade patents and Bausch & Lomb restructure their businesses amid earnings reports.
MENTIONED IN THIS ARTICLE
Tokyo
Europe
London
New York
Zutrich
Bullsign
Hong Kong
New
Handy & Harman
U S Steel bids to buy Marathon Oil in major takeover
US Steel offers up to 7.5 billion dollars for Marathon Oil, aiming to acquire about 51 percent of Marathon stock at 125 dollars a share, with a 2.8 billion dollar option on Yates field, while Mobil counters with a 5.1 billion dollar bid. Marathon opposes Mobil and pursues antitrust litigation in Cleveland as bids unfold.
MENTIONED IN THIS ARTICLE
New York
Marathon Oil Co
Mobil Corp
US. Steel Corp
Ohio
U.S
U.S. Steel
Mobil
Marathon
Findlay
Ed Norton
Yates
Texas
US. Steel
David M. Roderick
Cleveland
Patrick F. McCartan
John, M. Manosis
Lipe-Rollway Eyes Trade With China Under LOI
Lipe-Rollway Corp and the People Republic of China signed a letter of intent for future contracts. Syracuse president H. Follet Hodgkins announced the dinner signing in Syracuse with Chinese ambassador Chai Tse-Min and other officials present. The meetings aim to explore export of Chinese products and sale of equipment to China, with China’s First Ministry of Machine Building delegations visiting Lipe-Rollway over weeks. The firm, a century-old Syracuse company, makes friction clutches bearings automation gear and turnkey factories with operations in four states and seven foreign countries.
MENTIONED IN THIS ARTICLE
Lipe-Rollway Corp
Peoples Republic of China
H. Follet Hodgkins
Syracuse Company
Syracuse
Chai Tse-Min
United States
China
John H. Mulroy
Hodgkins
Lipe Railway
Ministry of Machine Building
Lipe-Rollway
Lipe- Rollway
Enterprise zones gain broad public support across urban areas
A Gallup CEI survey for The Heritage Foundation finds over 70 percent of residents in cities with 50 000 or more people favor creating enterprise zones to spur private investment. Whites 75 percent blacks 69 unemployed 67 union members 73 and those earning under 10 000 show strong backing. No federal action expected before next year. White House faces cabinet deadlock and pressure from Republican lawmakers.
MENTIONED IN THIS ARTICLE
Gallup Organization
Community Effectiveness Institute
CEI
Ann Arbor
Heritage Foundaton
Reagan
Jack Kemp
Buffalo
Kemp
The
Heritage Foundation
Urban League
Ida
Stuart Butler
Foundation
White House
Robert Garcia
New York
House
Trent Lott
Mississippi
Congress
Carrier trains Argentines first overseas course in Buenos Aires
Carrier Transhold Co conducted a seven day transport refrigeration course in Buenos Aires aimed at 21 Spanish speaking service technicians. The program expands Carrier’s education beyond its Syracuse and Los Angeles bases and leverages local dealer Lix Klett to boost South American market growth.
MENTIONED IN THIS ARTICLE
Lix Klett
Polar
Six Klett
Transhold
Carrier
Moody's downgrades General Motors credit rating
Moody's Investors Service cut General Motors from Aa to Aa2 citing weaker long term competitive position vs foreign makers, especially Japan. The move may raise borrowing costs though Moody's notes past Aaa ratings were not immediately reinstated. GM reports show Q3 operating loss of 468 million after a 912 million Q2 profit and 190 million Q1 gain.
MENTIONED IN THIS ARTICLE
New York Times Service
New York
General ‘Motors Corp
America
Moody's Investors ‘Service
Moody’s
Japan
Thomas J. McGuire
United States
McGuire
Moody's
Genéral Motors
Pehcaiisi
U.S
General Motors
Your Money Rules for Buying Stereo Systems
Sylvia Porter lays out ten practical tips for choosing high fidelity gear in a tight economy. She notes price ranges from 300 to 4000 dollars and urges shoppers to set affordability, seek balanced systems, and work with sales staff who prioritize the buyer’s needs over a hard sell.
Guide to buying stereo rules and speaker choices
The guide stresses the weakest link rule for stereo sound. It advises shopping in stores with demonstrations and expert staff, choosing brand name equipment, and explaining room conditions and music preferences. It discusses speaker types for rock and classical music, optimal placements, and options like graphic equalizers for sound tweaks.
MENTIONED IN THIS ARTICLE
Silesman
Jazanbutfs
Indeece
Also Mentioned on This Page
Business Digest
Justice Department
Santa Fe
Kuwait
Santa Fe International
Congressional Research Group
Iran
Ibm-Nippon
IBM
Nippon Telegraph and Telephone
BRL
Bausch & Lomb Inc
Daniel B. Gill
Rochester
Federated
Dayton Hudson
May
Macy's
Hewlett-Packard’s
RCA Reacies Satelite
RCA American Communications Inc
Steel
Marathon Oil
Louis Cassera
Klett
Eugene Polar
Carrier Transiold
Michael Yestrumsky
Emis
Argentina
Andes
Pampas
Steiner
Willis Carrier
Carrier Corp
Ernésto Lix.-Klett
Buenos Aires
Garvier
Copfigh University
Hix Klett
Carrier International Corp
Comers
Moodie
Sylvia Porter
Harry Elias
High Fidelity
U.S. Jvc Corp
Fidelity
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