Dollar rebounds amid rate cut expectations and global moves
The dollar reversed a decline, rising to 265.90 yen in Tokyo and 266.13 yen in London amid bets U.S. rates may stop falling. Gold edged lower, bullion prices in London and Zurich weakened, while silver in London held near 9.55 an ounce. GM plans 2,500 layoffs in Lordstown as car supply issues persist. forecasts predict 1982 record crops and Soviet grain shortfall, with major earnings drops for International Paper and Bausch & Lomb. Donovan unveils a $2 million retraining program for Buffalo and Erie County. P&G signals a 2 for 1 stock split amid a merger with Metropolitan Life. State Street Research announces a merger with MetLife, pending approvals.
MENTIONED IN THIS ARTICLE
U.S. Treasury
Ronald T. Regan
U.S
Tokyo
Europe
London
Zurich
Hong Heiong
New York
Handy. & Harman
Comaac
Handy & Harman
Job training funds aid Onondaga youths with $100,000 grant
The Onondaga Severie Development Agency commits $100,000 from industrial revenue bonds to train 20 youths across nine programs. Funds come from a 0.75 percent fee on bonds issued, supporting tuition and equipment for tool and die making, medical secretaries, nurse assistants, hotel management, drafting, and other entry level jobs in Syracuse area. The Onondaga County Employment and Training Agency will screen candidates. OCIDA notes expansion of medical and other fields as area demand grows.
MENTIONED IN THIS ARTICLE
Onondaga Severie Development ‘Agency
Phyllis Wolinski
Iatel
Soba
Charles F. Shea
Wolinski
Arid
Industrial Trade Institute
Central High School
Syracuse
Powelson Institute
Line Johnson Skill Center
Johnson Enter
BOCES
Powel
Greater
Tine Hy Ye
Liv
Ae Yole
Era
Industrial Developemt Agency
Edward Wierzbicki
Ladefroporsycki
Ao Gra
Edcki
General Electric
Ray Olds
Mr Pumps
Mixed signals as rates fall but retail sales lag
Washington reports a drop in mortgage rates to 12.5 percent, the lowest in over two years, boosting housing hopes. Yet weak September retail sales and a late-October stock rout dampen optimism as auto sales jump 4 percent from incentives, and HUD outlines eligibility gains for FHA financing amid a broad interest-rate decline.
MENTIONED IN THIS ARTICLE
Washington
UPI
Veterans Administration
Federal Housing Administration
Department of Housing and Urban Development
Wall Street
New York Stock Exchange
Treasury
Holida
Sandra Shaber
Chase Econometrics
Bala Cynwyd
Samuel Pierze
HUD
Congressional
Donald Regan
Three-way thrift merger makes Northeast Savings huge
A three way merger of Freedom Federal Savings First Federal Savings of Boston and Northeast Savings Hartford forms Northeast Savings the largest in New England and among the nations 25 largest. Northeast acquires assets over 2.8 billion with 47 branches across MA CT NY and 1 100 employees.
MENTIONED IN THIS ARTICLE
Worcester, Mass
Massachusetts
Connecticut
New England
Freedom Federal Savings and Loan
First Federal Savings of
Boston
Northeast Savings of
Hartford
Northeast Savings
Freedom Federal
Northeast
Schenectady Savings Bank
Hartford Federal Savings and Loan Association
New York
First
A. Alfred Marcello
Fay's Seeks NYSE Listing for Its Stock
Fay's Drug Co filed an application to list its common stock on the New York Stock Exchange. The company reported record earnings of 618,277 dollars, 26 cents a share, on revenues of 56.17 million for the second fiscal quarter ended July 31. First half earnings totaled 862,056 dollars, 34 cents a share, on 114.52 million in revenue, both records.
MENTIONED IN THIS ARTICLE
Fay’s Drug Co
New York
IH dealers press plan to cut IH debt in Syracuse talks
International Harvester seeks dealer concessions nationwide to ease debt under a restructuring plan. Lenders would swap 3 dollars of debt for 1 dollar in dealers concessions, with payments in Series A stock and cash. Syracuse dealers, led by John Paradis of Liver Pool 1-H, head to Boston for meetings.
MENTIONED IN THIS ARTICLE
International Harvester Co
Syracuse
Harvester
Boeton
John Paradis
Liverpool
Paradis
Consumers rarely complain when dissatisfied says study
A report based on a Technical Assistance Research study finds 96 percent of unhappy customers do not inform the company of problems. Word of mouth spreads both good and bad experiences, and how a company handles complaints can drive future purchases and brand switching.
MENTIONED IN THIS ARTICLE
Cola
Pany
Consumer complaints and the Better Business Bureau guide
An article explains how to file consumer complaints with the Better Business Bureau and outlines steps to describe the problem, include contact details, and state the desired action. It notes challenges when firms bankrupt, rebrand, or dodge refunds and stresses documenting suppliers for a clear complaint path.
Also Mentioned on This Page
General Motors Corp
Lordstown
Ohio
Agriculture Department
International Paper
Bausch & Lomb’s
Dana’s
First Chicago
Heublein
R.J. Reynolds
Buffalo Jobless Aid
U.S. Labor
Raymond Donovan
Buffalo
Erie County
Donovan
P&g
Procter & Gamble Co
Money Merger
Metropolitan Life Insurance Co
State Street Research & Management Co
Paul C.cabot
Richard Saitonstall
Ri Chard C. Paine
State Street
IDA
Joseph A. Porcello
Sines Editor
Schenectady Bank
Thrift
Bara Eee Home Loan
Lap Onard
New Cravin and Loans
Fay’s
NYSE
Svlvia Porte
Gaibe Cong
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