Bonds flirt with 5% range amid Thursday market wobble
New York AP report notes stocks and bonds breaking key barriers but retreating as investors avoided aggressive moves before Friday's employment data. Dow rises 19.15 to 8050.16 led by Merck. S&P 500 slips from early gains as Treasuries hover near 6.0 percent, signaling caution ahead of jobs figures.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
Merck
Standard & Poor
Treasury
Ronald J. Hill
Brown Brothers Harriman & Co
Federal Reserve
Singer Slashes Six Thousand Jobs In Restructuring
New chief executive Stephen H. Goodman announced Singer Co will cut about 6,000 positions or 28 percent of the workforce and close several plants and retail outlets. The plan targets lowering manufacturing costs, with a $104 million annual cost reduction expected within three years and a $186 million fourth quarter charge mainly for severance and asset writedowns.
MENTIONED IN THIS ARTICLE
New York
Singer Co
Singer
Hair Coloring Entrepreneur Aims for 40 Shops by 1999
Lorain born Annabella, 31, plans a chain of HC3 salons focusing solely on hair color. With two stores in Parma and Sheffield Crossings and about 30 employees, he targets up to 1 million sales per year, and says 60 percent of women color their hair.
MENTIONED IN THIS ARTICLE
Richard Annabella
Annabella
HC3
Parma
Sheffield Cross
Ings
Parma Salon
Lorain County
National Federation of Independent Business
United States
Sheffield Crossings
Abbe Road
State Route
Shef
Chrysler promotes exec to president
Chrysler elevates executive vice president Thomas Stallkamp to president effective Jan 1, 1995, with Bob Eaton remaining chairman and CEO. Stallkamp, a 17 year Chrysler veteran, leads procurement and supply and is credited with a cornerstone cost cutting program saving $3.7 billion since 1989.
MENTIONED IN THIS ARTICLE
Wap Vigunalup
Stallkamp
Chrysler
Bob Eaton
Also Mentioned on This Page
SS Holidays
The
Stephen H. Goodman
Bankers Trust
Iftikhar Ahmed
James Ting
Goodman
New York Stock Exchange
Ee.n
Sheffield
Lorain
Lorain High School
New York City
Northeast Ohio
North Olmsted
Chugk Humel
Chroniclefield Village
Cherly Bewley
Exec
Knight-Ridder Newspapers
Chrysler Corp
QhAlerieieen
Stalkamp
Eaton
Tallkamp
ACTWE
JFK
BTR HS
Goa
Menis
Aida
Gion USA Securfise, Inc
Led Corporation
Traveriss
Florsheim
Fanuzzi’s
Finast
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