Mobil raises bid in Conoco takeover battle
Mobil increases its offer to 8.6 billion dollars to win Conoco stockholders away from Du Pont and Seagram. Du Pont has 56 percent tendered and Seagram pursues 51 percent while Seagram seeks half interest and Mobil and Du Pont target remaining shares. Antitrust clearance pending after Justice Department delay.
MENTIONED IN THIS ARTICLE
New York
Tup
U.S
Mobil
Conoco
du Pont
Seagram
Dua Pont
Justice Department
Sanford Margoshes
Market extends decline as rates rise on Treasurys plans
Opening stocks fall for a second day as interest rate worries mount. The Dow Jones industrial average drops 1.62 to 944.63 in early trading, with more losers than gainers on the NYSE. Traders fear higher rates ahead and react to anticipated tax bill unresolved details.
MENTIONED IN THIS ARTICLE
New York
The
Treasury
Reagan
Creston Livestock Auction Sees 345 Consignors
Creston livestock auction drew 345 consignors listing 1 136 head of cattle plus a dairy cow, three goats and various sheep and hog lots. Prices ranged midrange with calves, feeders, and sows noting values from about 38 to 91 dollars per head and other small stock trading across multiple lots.
MENTIONED IN THIS ARTICLE
Creston
Market bids for wheat corn and soybeans in Midheast Ohio
Listings show No 2 wheat trading around 9.45 in Mutuals Midheast Ohio and 3.50 in Obi with corn about 3.06 and 3.05, and soybeans near 2.03. Central Ohl quotes No 2 wheat 8.40 corn 3.08 and soybeans 1. All districts note declines or mixed movement in oats and soybeans with buy-sell trade guidance.
MENTIONED IN THIS ARTICLE
Midheast
Ohio
Nouthwest Obi
Central Ohl
Demeer Poe
Metal Prices Reported for Commodities and Metals
The yesterday metal market shows aluminum at 382.59 per ton and platinum at 418 per troy ounce, with other metals listed in scattered figures. The text is fragmented and lacks clear dates or full context for complete pricing trends.
MENTIONED IN THIS ARTICLE
Coren Ro
Rome Tee Coats & Pons
Battle for Conoco Could End In Stalemate
Despite delays, Margeshes notes a wide bid differential between Du Pont and Mobil. Large Conoco stockholders may shift from Du Pont to Mobil, risking a stalemate as investors weigh millions in differences over faster payout.
MENTIONED IN THIS ARTICLE
Margeshes
Conoco
du Pont
Mobil
Job security as a rising union bargaining issue in 1980s US
The Conference Board report based on seven labor authorities finds job security becoming central for unions amid rising organizing, especially in the South and West. It notes workers cling to communities, and public sector funds shrink, with unions trading wage gains for job preservation. Edward O Malley of the Port Authority cites management collaboration for preservation.
MENTIONED IN THIS ARTICLE
America
Berenbeim
U.S
Edward O'Malley
O’mally
Office of Labor Relations
Port Authority
New York
New Jersey
AFL-CIO opposes SS cuts and backs minimum benefit protection
At a mid-summer AFL-CIO Executive Council meeting in Chicago the leaders attacked Reagan admin plans to cut Social Security benefits. They urged Senate passage of a House bill to stop eliminating the minimum benefit and said inter-fund borrowing could fix finances through 1988.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Afl-Cio
Federation
Senate
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Government
Am Airlines Ib Natl
Pan Am Air
Acyan Am Motors
Atet&t
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E ProctGl Ir
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OK Carriles Cp
Steonca
Wa -W
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Eastern
Allair
AL Inc
Eaton
Uniroy Inc
Gale
CIA
CPC International Inc
Fred
Core Lake Daceey Joba
Boo Ile
McDonnell Deezies
Ragesem Corp Bexaord
Serveco
Serether Wels Sewat Warser
Wilter
Payebhs
Creston Livestock
Medims Fis
Ms Choice
Mutuals
Amer-Wash Mat
Hancock Bod Va Mesa
MIT
National Rood
Vanguard
Ms Freebaus
LC. Industries
Midland-Ross
National Gypsum
Searle (G.D.) Co. m
Southern Co
Union Pacific
Woolworth
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Grain
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