ATandT faces rapid loss of long distance market share
Anticipated five year shift sees AT&T dropping from dominance as competitors gain in a deregulated, divestiture era. MCI and Southern Pacific units push into long distance, new entrants and resellers surge, while local linkages blur with access charges. Regulators expect rate realignments and more options for consumers.
MENTIONED IN THIS ARTICLE
At&t
Soong
American Telephone and Telegraph Co
Bell
MCI Communications Co
MCI
Howard Anderson
Yankee Group
Boston
GTE Corp
Southern Pacific
Justice Department
Southern
FCC
Compa
Yates
Dollar Slides as Rates Fall and Gold Dims Worldwide
The dollar weakened across world markets as rates receded and gold fell in quiet trading. In Tokyo the dollar reached 267.35 yen from 268.90, while in Europe the pound touched 1.7119 to the dollar. Gold traders fixed bullion at 426.50 an ounce, down from 433.50. Reagan signaled a Soviet wheat buy offer, though delivery is uncertain. farm income is projected down for a third straight year with high debt. Canada’s September bankruptcies rose 50.9 percent to 3,937, with total January–September filings up 36.8 percent. Budd Co. expects fiscal 1982 losses near 126 million and seeks more concessions from workers.
MENTIONED IN THIS ARTICLE
Tokyo
Europe
London
Zurich
Reagan
Soviet Union
U.S
Agriculture Department
Consumer and Corporate Affairs Department
Budd Co
All-Savers push to attract maturing certificates nationwide
Banks and financial firms race to capture billions in maturing All-Savers certificates as the program nears peak payouts. Institutions use ads, extended hours, calls, and gifts to keep funds, with Citibank reporting high retention and reinvestment rates. Distribution centers on the $31-33 billion maturing this month out of about $57 billion issued since October 1981.
MENTIONED IN THIS ARTICLE
S&ls
New York
Citibank
Interfirst Bank of Dallas
Seattle
Great Western Savings and
Capital Savings
George Wilson
First National Bank of Macomb
Bankers convene in Atlanta focus on new money market account
About 10 000 bankers gather for the American Bankers Convention in Atlanta the hot topic is a new money market account created by legislation signed by President Reagan. The association president predicts the prime rate could fall to 11 percent by year end and some bankers say it may drop further while concerns about loan quality rise amid the world recession.
MENTIONED IN THIS ARTICLE
Atlanta
Reagan
Association
Llewellyn Jenkins
Association Resident and Vice Chairman Ofanufacturers Hanover Trust Co
Jenkins
Pete Sey Ag
First National Bank of Chicago
Continental Bank
Gerald Lowrie
ABA
Congress
Banketors
Unions Propose Workers Buy Conrail to Save Jobs
The Railway Labor Executives Association urges Conrail employees in about twenty unions to approve a plan to purchase Conrail. The letter claims workers could keep the system intact and protect thousands of jobs if Congress allows a worker buyout, arguing piecemeal sale would invite cherry-picking by outside railroads.
MENTIONED IN THIS ARTICLE
Conrail
The
Cleveland Plain Dealer
Railway Labor Executives Association
Congress
Transportationartment
RLEA
Eee
Your Money's Worth for Jogging Shoes
An aging guide notes jogging grows as a business in the United States with emphasis on essential gear. It argues that a good pair of shoes and socks suffice for regular runs, while fashion gear adds little to speed or endurance and sneakers are inadequate for repeated jogging stresses.
MENTIONED IN THIS ARTICLE
United States
Finding Good Running Shoes for Comfort and Fit
The article advises buying at sporting goods stores with experienced fitters and bringing your sock setup. It emphasizes comfort, fit, appropriate cushioning, heel cups, potential inserts, and avoiding mail orders. It warns against overreliance on magazine shoe ratings and suggests breaking in new shoes before long runs.
Also Mentioned on This Page
Andrew Pollack
New York Times Service
U.S. Telephone Communications Inc
Dallas
Allstate Insurance Company
7 Bell
Wall Street
John S. Bain
Lehynan Brothers Kuhn Loeb
Federal Reserve
Fed
Budds
XEROX
Xerox Corp
Upstate Medical Center
E. Genesee St
J.C. Penney Co
Bankers Convention
Penn Central
Northeastern
You
Sylvia
Runners World
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