Bankers Trust Lowers Prime Rate to 13 Percent
Bankers Trust Co, ranking 10th by deposits, cuts the prime lending rate by 0.5 percentage point to 13 percent, the lowest in two years. Other major banks expected to follow by week’s end as bankers weigh Fed policy and quarter-end factors, while federal funds rates fall to around 9 percent.
MENTIONED IN THIS ARTICLE
New York Times
New York
Bankers Trust Co
Alfred Brittain 3d
Bankers Trust
William V. Sullivan
Bank of Newark
Federal Reserve System
Fed
Morgan B. Stark
The
Chemical Bank
Richard C. Keller
Marine Midland Bank
Banks merge United Mutual into American Savings Bank
The New York Banking Department announced the merger of United Mutual Savings Bank into American Savings Bank, creating the fourth largest mutual savings bank in New York City. United Mutual assets were 833 million with 13 offices. American had 2.47 billion in assets and 33 offices. The deal, effective Friday, keeps deposits insured by the FDIC, and officials say it will not harm competition.
MENTIONED IN THIS ARTICLE
The
State Banking Department
United Mutual Savings Bank
American Savings Bank
Shance
Richard Riley
Albany
Federal Deposit Insurance Corp
Mutual Savings Bank
New York City
Alan Cohen
United Mutual
Long Island
Westchester County
Riley
Savings Bank
Nassau
Westchester Counties
Empire Savings and Franklin Savings Bank
Global dollar slips as rates ease. gold climbs in mixed markets
The dollar weakened against major currencies as U.S. rates eased, while gold edged higher amid European demand and a dampened dollar outlook. Tokyo trading saw the dollar fall to 268.40 yen. London rates showed £1 equals $1.7010, with European currencies drifting lower. bullion prices varied across cities, with NYC quotes near $411.40 an ounce. American Airlines ordered 20 Super 80 jets. a California IBM data theft case saw charges dismissed after government refused defense access to documents.
MENTIONED IN THIS ARTICLE
U.S
West Germany
London
Zurich
Hong Kong
New York
Handy & Harman
IBM
California
Hitachi
Mitsubishi
NEDCO delegates draft policy at annual Syracuse meeting
NEDCO delegates adopt policy resolutions opposing U S government intervention in dairy exports and subsidies, backing strict import controls on dairy products, and restricting casein and TMP. They critique OSHA, oppose a consumer protection agency, and push for stronger dairy import inspection and both state and national milk promotion programs.
MENTIONED IN THIS ARTICLE
U.S
United States
House of Delegates
Northeast Dairy Cooperative Federation
Syracuse
New York State
Thomas Wilson
Block
Edward T. Coughlin
U.S. Agriculture Department
McNamara
OID C re-elects Krause as president of economic group
Alfred F. Krause, partner in Quinlivan Pierik Krause, was re elected president of Onondaga Industrial Development Corp. at the private not for profit group’s annual meeting. Four vice presidents and a new trustee were also chosen, with all other trustees re elected. The organization remains designated local eligible company by state and federal governments.
MENTIONED IN THIS ARTICLE
Alfred F. Krause
Quinlivan, Pierik & Krause
Onondaga Industrial Development Corp
Krause
OIDC
Onondaga County Industrial Development Agency
John W. Finlay
Merchants Bank
George R. Lindemer
Lincoln First Bank-Central
G. Dale Weight
Syracuse Savings Bank
Gates R
GM offers free airline tickets with car purchases
General Motors Chevrolet Division launches a six week incentive giving buyers of 1982 and 1983 Chevrolet Chevette Citation and various GM pickups a free round trip for two on Eastern Airlines. Tickets valid through Nov. 15 1983 cover 94 U.S. cities and 22 international cities, excluding certain peak travel periods and Alaska Hawaii.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Chevrolet
Eastern Airlines
U.S
South America
Panama
Caribbean
Mexico
Virgin Islands
Bahamas
Bermuda
Alaska
Hawaii
Seattle
Barbados
Miami
Fort Lauderdale
Fla
Beepers Bring Wireless Alerts To Everyday Life
The beeper boom spreads across the United States as households in New York Tulsa and San Antonio adopt pagers for quick contact with husbands teens and children. From 53 000 pagers in 1970 to over 1.5 million by 1981 the U S market grows with forecasts of 7 million by 1990 and billions in revenue while costs remain around 100 plus monthly service fees for coded beeper alerts.
MENTIONED IN THIS ARTICLE
New York
Tulsa
Oklahoma
San Antonio
Texas
United States
Thomas Lamoureux
Telocator Network of America
Lamoureux
Beeperized America: cells, portable phones reshape communication
FCC separated radio frequencies for national paging spurs major firms to pursue beeper and cellular networks. RCCs will compete locally, linking to satellites for wide calls. Portable radiotelephones poised to replace home phones, with prices under 1000 dollars in 3 to 5 years.
MENTIONED IN THIS ARTICLE
You
FCC
Also Mentioned on This Page
Rate
Hanks
Federal
Virgina Tabolt
Edward McNamara
NEDCO
UTC
American Airlines
McDonnell Douglas
United Technologies
Marietta Extension
Martin Marietta Corp
Bendix Corp
Joseph A. Porcello
New York-New Jersey
U.S. Agriculture
John R. Black
Coughlin
Federal Commodity Credit Corp
Congress
Oide
Alfred E. Krause
Dave Johnson
Sai
Morey
By Sylvia Porter
America
Federal Communications Commission
MCI Communications
American Express
Metromedia
Communications Industries
Mobile Communications Corp
National Public Radio
Rccs
Pione
San Francisco
Washington Based Control Center
Bay City
RCC
Lamoureaux
Cellular
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