Mixed Opening Stocks as Investors Await Fed Report
The Dow rose to 891.08 in early trade while NYSE decliners outpaced gainers 24 to 3. Analysts awaited the Fed report on money and credit as investors held back on big commitments. The leading indicators index fell 0.1 percent for July for the third straight drop.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Governent Today
Fed
Duke Power
Atlantic Richfield
International Business Machines
Dow Jones
NYSE
American Stock Exchange
Basco to open five catalog showroom stores in Ohio
Basco Inc of New Jersey will open five Ohio stores at noon Sunday including locations near Great Northern Mall and in Brook Park. The company retained most State Jewelers staff and cites superior locations, mall adjacencies, and improved management. Tel-O-Serv stock lookup and centralized delivery are highlighted plus a conveyor belt system for fast stockroom-to-customer flow. Basco posted 1980 sales near $120 million across 13 stores in the Philadelphia Pittsburgh and Washington areas.
MENTIONED IN THIS ARTICLE
Ohio
Basco, Inc
New Jersey
BASCO
Philadelphia
Pittsburgh
Washington, D. C
Alex Egyed
United States
Purdue University
National Association of
Grain price shifts across Ohio market areas
UPI reports after closing markets, Northeast Ohio No 2 wheat 3.45, corn 2.65, oats 2.00, soybeans 6.52. Northwest No 2 wheat 3.49, corn 2.65, oats 2.08, beans 6.54. Central No 2 wheat 3.45, corn 2.68, oats 2.22, soybeans 6.47. Trend shows wheat and corn down, oats steady, soybeans sharply lower.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast Ohio
Northwest Ohio
High interest rates edge inflation as top business worry
The NFIB survey shows interest rates now surpass inflation as the nation's chief problem for firms. Reagan policy aimed at curbing inflation has kept borrowing costs at record levels, with mortgage rates near 17 percent and short-term rates above 20 percent. Purdue's Dunkelberg warns high rates bite firms as the economy slows.
MENTIONED IN THIS ARTICLE
Washington
Reagan
National Federation of Independent Businesses
National Association of Home Builders
Larry Pressler
D-S.d
William C. Dunkelberg
Purdue University
National Federation of Independent Business
Companies reveal more on salaries and administration
Employers are sharing more salary and administration details as openness increases. Hewitt Associates notes compensation pros see many salary issues need better communication while employees push for transparency. Parker Hannifin expands Airborne lines and FAA/PMA approved parts for Cessna aircraft.
MENTIONED IN THIS ARTICLE
Carole Carmichael
Chicago Tribune
Hewitt Associates
Parker Hannifin
Aircraft
Cleveland
George Heiring
Hewitt
Great Lakes iron ore and grain shipments rise in July
Lake Carriers' Association reports July iron ore shipments up 39 percent to 13.3 million net tons and grain at 3.6 million tons, while coal fell sharply to 42 million tons for the month. Cumulative season totals show iron ore up to 44.2 million tons, but coal and grain lag year ago levels with August 1 figures.
MENTIONED IN THIS ARTICLE
Great Lakes
Cleveland (Ap
Lake Carriers’ Association
Also Mentioned on This Page
Robert Penick
Parker Hanmfinth
Kellogg
Searle
G.D
Southern Co
Mattel
Oleda Edison
Ameasa
McNeil
Union Pacific Corp
Twest
Vanguard
DuPont
Eastern Air Tele
Pierre Rford
Hana IL
Harman
CPC International
H LC. Industries
Inco Ltd
Saale
U.S
Spike, Meckler & Rothgery CO
West Ave
Ot Low
Ery
Oberlin
Elyria
Grance
Columbus, Ohio
GOP
Party of High Interest
U.S. Chamber of Commerce
FAA
PMA
Saxon Club
Apple Ave
Adj
Stewart’s
Cleveland St
Elyria Kone
Nerain
Agate Spacer
Eam
Cnoges
Opie Brance
Elyria Savings & Trust
National Bank
FDIC
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