Finley on finance airlines stock risks and deregulation
Harold Finley argues airline stocks follow the classic boom bust cycle with high leverage, volatile earnings, and heavy capital needs. He notes deregulation changes, rapid fleet upgrades, and urges investors to limit exposure to strong names and reserve allocations for a small portfolio percentage.
Retirement policy urgency from U.S. pension commission
Thomas C. Woodruff leads a two year President's Commission on Pension Policy with a $2 million budget to produce the first comprehensive study of public and private pension plans since the 1970s. The panel will issue short and long term reports, examine unfunded liabilities and demographics, and coordinate with Social Security studies while seeking experts from various sectors.
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Washington
U.S
Thomas C. Woodruff
Woodruff
Xerox
Peter McColough
White House
Defense Department
ERISA
New Commission
Commission
Market opening mixed in New York trading
The market opened mixed as the Dow fell 3.03 to 827.70 in the first half hour. NYSE issues were evenly split with gains and losses. Analysts noted profit taking after a strong New Year rally and warned about forecasts of faster monetary growth before long.
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New York
Federal Reserve
Auto prices rise 6.5 percent for Big Four since 1978
Ford General Motors Chrysler and American Motors boosted 1979 car prices by about 6.5 percent since last summer, adding roughly 450 dollars to the average sticker. Industry observers note possible further increases while a government panel monitors adherence to inflation guidelines.
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Detroit
UPI
TIE
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Council On Wage and
Ford Motor Co
Ford
General Motors
Chrysler Corp
American Motors Corp
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