Chemical Bank cuts prime rate to 6.25 percent
Chemical Banking Corp lowered its prime lending rate by a quarter point to 6.25 percent, the first big bank move after the Federal Reserve eased rates. Analysts note the cut could pressure rivals and eventually impact consumer loans, savings, and confidence as the economy remains fragile.
MENTIONED IN THIS ARTICLE
Los Angeles Times
NEW York
Federal Reserve
Chemical Banking Corp
Chemical
Hanover Trust Co
Seicaal
Immedi Beyers Yvert
Escnarate
Sung Won Sohn
Norwest Corp
Minneapolis
Fed
Short-term T bills slide to 20-year low in auctions
U S Treasury sold 114 billion in three month bills at 3.60 percent, down from 3.95, with a 3.68 percent actual return for a 10000 bill. Six month bills at 3.73 percent, down from 4.02, with a 3.86 percent return. Fed report shows one year T bills yield at 4.25 percent, lower than 4.50 prior week.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
First Federal Gifts $100 Certificate in NR anniversary
North Ridgeville celebrates 20th anniversary with Customer Appreciation Week. A drawing for a $100 Midway Mall gift certificate will be held Saturday at the 34385 Center Ridge Rd branch. First Federal of Lakewood opened 55 years ago and the NR branch in 1972.
MENTIONED IN THIS ARTICLE
North Ridgeville
Federal Savings and Loan Association of
Lakewood
Midway Mall
Center Ridge Rd
First Federal of
Ford to Invest 3 Billion, Add 1000 Jobs in Shift to Kentucky
Dearborn based Ford Motor Co says it will invest about 3 billion dollars to upgrade plants in Kentucky and Ontario and create roughly 1,000 jobs. The company will shift most truck production to the Kentucky Truck Plant in Louisville and will start minivan production at Oakville Assembly near Toronto in late 1990. GM chairman Robert Stempel reports no bonus or payout for the year despite a 1.775 million salary, as GM joins a 7.6 billion combined loss with Ford and Chrysler.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
Kentucky
Ontario
Canada
Louisville
Ford
Oakville
Toronto
Syyy
Detroit
General Motors Corp
Robert C. Stem- Pee
Doe
Stempel
Chrysler Corp
Lorain Panel Endorses Loans for Industrial Park Expansion
Lorain City Council committee backs a 70,000 loan for expansion at the Lorain Industrial Park. The Federal Programs Committee seeks a 170,000 loan to a company led by Frank Gumina to extend roads and utilities into Baumhart Road undeveloped parcels for two new tenants. The 5 percent loan from federal funds ties to a hiring goal of up to five low income workers over three years. Council approval anticipated next week.
MENTIONED IN THIS ARTICLE
Lorain
Frank Gumina Gumina
Baumhart Road
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Frank J. Barkecy
Advest Inc
Wilson Jam
PA von A Veeerween & Co
Ted Bobrow
Association of Retired People In
Telephone Information Services
Wall ST
Chronicle-Telegram
Eah
Jon
Equitable
Equitable Life Socety
Assa
TAD TR Investments
Farrow & Associates
Darin B. Farrow
Howe
Monk
Wii B. Carraw
the Equitable
Central Ave
Toledo
Ohio
Jord
Lartain County
Flori Association
NYSE
Chrysir
Teléo Wa
DuPont
Arkla
Bankam
Ate Barnett
Elnisie
Boeing
Ty Genel
Gaotyr Ag Bas
Hanson
Heinz
IBM
Kmart
Lilly Kimi
Alta
Merck
erLyn
Mobil
Monsan
Ia MargSt
Bsa
Ryder
Bram
Sara Lee
Sears
Ana Sundin
Bevis
Bat WalhAl
Pierre A Smith Co
Acme Cleve
Allied Corporation
Allied
AmerShip
Centenor
CPC Inter Inc
BTA Emerson
First Bancorp
Goodrich
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