Market opens mixed as rates keep pressure on shares
Wall Street starts the day mixed amid lingering rate concerns. The Dow slips about 1.7 points while more stocks rise than fall on the NYSE as investors weigh Fed signals and a slight rate pullback. Government bond yields attract funds, tempering stock enthusiasm. The day also sees AT and T breakup rules upheld by the Supreme Court, with a close Friday showing a modest weekly loss on the Dow.
MENTIONED IN THIS ARTICLE
NYSE
American Stock Exchange
Rouge Steel expected to turn a profit next year
Ford says its Rouge Steel unit will earn a profit next year after a $200 million continuous casting plant upgrade and a $20 million blast furnace refinement. Chairman Philip Caldwell says the improvements will restore Rouge to a leading steel mill status, with wage concessions already agreed by the United Steelworkers.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
Rouge
Ford
United Steelworkers
Philip Caldwell
Toy shortage hits retailers across holiday season
Knight-Ridder reports a growing toy shortage ahead of Christmas saw limited stock on hot items like Cabbage Patch Kids and Gloworms. Retailers blame light orders and lean inventories, while manufacturers cite high ad spending and cautious stocking. Even with discounts on some Fisher-Price items, shoppers face shrinking selections.
MENTIONED IN THIS ARTICLE
Knight-Ridder
San Jose
Calif
Coleco
Kenner
Hasbro
Mattel
Big Foot
Playskool
George Alton
Oakland Toy Co
San Lorenzo
Smith
Asia
Datre
Toy Manufacturers Association
Coleco Industries Inc
China
Hong Kong
Alton
Fisher-Price
Tonka
Fisher- Price
Miners vow no concessions at UMW convention
United Mine Workers delegates gather in Pittsburgh for their 49th constitutional convention with more than 1,400 delegates representing about 240,000 miners in the United States and Canada. The union signals no wage or benefit concessions next year while courting unity under new leader Richard L. Trumka and weighing endorsing Walter Mondale for president amid upcoming contract talks with the Bituminous Coal Operators' Association.
MENTIONED IN THIS ARTICLE
Pittsburgh
United Mine Workers
United States
Canada
Walter Mondale
UMW
Bituminous Coal Operators’ Association
Terex Corp. optimistic on comeback despite bankruptcy
Terex Corp. in Hudson, facing federal bankruptcy protection after heavy layoffs and asset pledges, reports tripled orders for bulldozers and dump trucks. COO Ray Warner and UAW Local 296 chair Joe Terry portrayed improved labor relations and potential cash infusions or a sale as paths to survival, with analysts weighing the prospect of IBH Holding A.G. rescue.
MENTIONED IN THIS ARTICLE
Hudson
Terex Corp
Wall Street
Paine Webber
Eli
Lustgarten
Terex
Ray T. Warner
United Auto Workers
Joe Terry
Warner
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New York
New York Stock Exchange
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American Telephone & Telegraph
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At&t
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Ty Macy's
Maseyf
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Alcan
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FBI
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le ElPaso
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Ie GenEl
Getty
Texaco
IBM
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Wm Winn
Ay Lilly
Sale
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Westge
Richard J
Oberlin Clinic
W. Lorain St
Elyria Clay
Donna Datre
Toy Manufacturers of America
Jim Smith
Kiddie World
Capitola
Pennsylvania
Sam Church
James Kelly
Uniontown
Trumka
Kelly
John Kennedy
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Castlewood
BCOA
Hudson High School
UAW
Terry
IBH Holding A.G
West Germany
Cony
AA Alcoholics
Elyria
Ohio
Sanford Slutzker
Mid-Ohio Securities Corp
National Association of Securities Dealers Inc
Spitzer Park Plaza Bldg
Broad St
Lorain
Cleveland
Norwalk
Holiday Inn
Ira
Horwalk
Spitzer Park
Ploro Lldg
Crea Ule
ATS TV
Magnavox Sampo
Sylvania Toshiba
Stewarts
Cleveland St
Ameritfast
Cuyahoga County
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