Early trade shows muted drift in stock market
The Dow edged up 0.49 to 936.58 in the first half hour while the NYSE list of issues tilts toward losers. Analysts cited Reagan plan uncertainties as restraining sentiment with banks cutting loan charges and mixed reactions to the broader package. Prices featured Sony up 0.5 at 15 2, Boeing up 3/8 at 34 1/2, Union Oil down 4 1/8 at 34 1/2.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Harine
Reagan
Trust Department of Philadelphia
Girard Bank
Sony
Boeing
Union On
California
History Day invites area students to explore Work and Leisure
PARMA area students from Cuyahoga Geauga Lake and Lorain counties will take part in the annual History Day program with the 29 year old Elyria man in Lorain County Jail after being charged with possession of cocaine and undercover sale attempts to Elyria police. Deadline for contest entries is March 17 and registrations must be postmarked by that date. Contact the Department of History at 845 4000 ext 5503 for details.
MENTIONED IN THIS ARTICLE
Parma
Cuyahoga
Geauga, Lake and Lorain Counties
Elyria
Lorain County
Bruce Bires
Bell Ave
Department of History
Northview Catering Co
Middle Ave
Rt. 20
Ohio
Vulcan
Bruners
Magic Chef Group
Magic Chef
Hobart
Vesta
Jordan
H.p
E.C
Northview Catering
Aachen
Terry G. Slanden
Kartimann
Thomas P. Studer
Reagan eyes multi year tax cut deal with Congress
Budget director Stockman says Reagan will negotiate details of income tax cut but demands a multi year reduction. Reagan seeks across the board cuts of 10 percent annually for three years, with top aides signaling firmness on the goal.
MENTIONED IN THIS ARTICLE
Reagan
Washington
Congress
David A. Stockman
Stockman
CBS
Penick urges congressional approval of budget cuts
Robert Penick writes that congressional approval of the cuts is essential to the nation’s economic recovery. The piece argues timely action by lawmakers is needed to restore growth and confidence in the economy.
Sperry builds MDM module for NASA shuttle program
Sperry Flight Systems in Phoenix assembles the MDM module to carry multiple signals on a single wire, cutting weight and cost. The contract covers 196 modules for NASA space shuttle orbiters, a ground test vehicle, and simulations. Other items discuss tax policy debate and economic recovery hopes with remarks by Stockman Meese Regan on TV programs.
MENTIONED IN THIS ARTICLE
William Norvell
Sperry Flight Systems
Phoenix
Ariz
Sperry
NASA
Cyprus Becomes British Possession in 1878
Cyprus entered into a formal arrangement with Britain in 1878, marking a shift in control that lasted into the modern era. The move established imperial influence over the island, shaping its subsequent governance and strategic role in the region.
MENTIONED IN THIS ARTICLE
Britain
Cyprus
Inflation fight hinges on full Reagan plan rollout
Budget director David Stockman says inflation could fall below 5 percent within four years if Reagan’s economic program is enacted in full. Treasury Secretary Regan, Edwin Meese, and Stockman stressed the plan’s necessity, with March 10 set for unveiling further budget cuts including tobacco subsidies. House hearings begin Tuesday as leaders seek congressional action by May.
MENTIONED IN THIS ARTICLE
Washington
UPL
David Stockman
United States
Reagan
Stockman
Administration
Treasury
Donald Regan
NBC
Meet the Press
CBS
Face the Nation
Congress
Edwin Meese
ABC
Regan
Buddet
Meese
House Ways and Means Committee
Dan Rosenkowski
D-lrl
House
Senate Finance Committee
House Committee
Braniff reports $128 million loss in 1980
Braniff International announces a net loss of $128,511,000 for 1980, about $6.57 per share, with a $26 million pre operating cost writeoff. The airline cites overcapacity, discount pricing, a recession, higher fuel costs, and lagging fare relief as drivers of the loss, noting a 7.9 percent revenue rise but 12.6 percent expense rise.
MENTIONED IN THIS ARTICLE
Grapevine
Texas
Braniff
Harding Lawrence
Casey
EaVatehitce Fae
Continental Bank Cuts Prime Rate to 18 Percent
New York wiring reports Continental Illinois National Bank and Trust Co the nations seventh largest bank lowered its prime lending rate by one point to 18 percent. The move followed by several other major banks lowering to 19 percent as loan demand remained weak per Federal Reserve figures.
MENTIONED IN THIS ARTICLE
NEW York
UPI
Continental Ilinois National Bank & Trust Co
Continental
Roger E. Anderson
Twoney
Federal Reserve
United States
AmeriTrust
Chase Manhattan
Chemical Bank
Manufacturers Hanover
Irving Trust
Bank of New York
Also Mentioned on This Page
Speiy
Rand
Wesileg Pwr
IBM
E Dar
Metro
Telanes
Isco
Amerncze
RCA Corp
Exxon Co _ Rohm
Ah. A. Rubbermaid
Ford Motory
Sears
Rocker
Thera
Ce Ei Ie Sperry
Ae Foods Bran
Last Gen Motors
Ae Gury i
Waniworth W
Ward B
Western
Robert Penick
Space Shuttle
Associated Press
Moe
Ork
Msa
Terry Standen
N. Abbe Road
Stockmaan
U.S
John J. Casey
Mid-Ohio Securities
CLEVE
Spitcw Park
Phare
Arad St. Ehyria
Er & i
W. Broad
Warran
Parts & Labs
Tos. & Se
Wed
Lowe
Ame
Stawa Rhe
Casheese
Bediskana
Visa
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!