Markets reel as Tokyo leads global stock drop
Analysts see little relief for weak markets amid soaring inflation and high rates. Tokyo’s Nikkei fell 653.36 points to 37516.77, the largest one day decline since 1987, with elections next month and weak yen weighing on sentiment. U.S. data showing 4.8 percent wholesale price inflation added to losses, while Dow dropped 71.46 points. Investors fret higher rates abroad and a fragile U.S. economy, with bonds seen as refuge on holiday-thinned trading.
MENTIONED IN THIS ARTICLE
Tokyo
U.S
Kathleen Stephansen
Donaldson, Lufkin & Jenrette Securities Corp
Stephansen
Federal Reserve
Campeau files for bankruptcy for Federated and Allied
Campeau Corp placed Federated Department Stores and Allied Stores under Chapter 11 protection to allow continued operations while restructuring. The boards of Campeau, Federated, and Allied, which run about 260 stores including Bloomingdale's, Rich's, Jordan Marsh, and Lazarus, announced the move after weeks of industry speculation and debts totaling about $8 billion.
MENTIONED IN THIS ARTICLE
New York
Campeau Corp
Federated Department Stores Inc
Allied Stores Corp
Federated, Allied
Campeau
United States
Bloomingdale’s
Rich’s
Jordan Marsh
Lazarus
Federated and
Allied
Real Estate Tax Question About Profits and Deferral
A reader asks if profits from selling a vacation home can be deferred against taxes when buying a pricier property. The answer is no. For guidance, contact Century 21 Demby Inc. Realtors at 405 Middle Ave Elyria 323-464.
MENTIONED IN THIS ARTICLE
Areo
Century 21
Demby Inc. Realtors
Middle Ave
Elyria
Market drives stainless steel supply for U.S. makers
Round and round market half of the stainless steel produced in the United States. They serve more than 300,000 American manufacturers and fabricators.
MENTIONED IN THIS ARTICLE
United States
GM First U.S. Automaker Through Iron Curtain
General Motors announced a tentative $150 million pact with Hungary's state owned RABA to jointly build cars and engines at a plant near the Austrian border, aiming for a 1992 start. The agreement marks GM as the first U.S. automaker to invest in Eastern Europe amid liberalization. Suzuki also plans a $138.9 million assembly plant near Budapest to produce Swift cars starting in 1992.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
U.S
Europe
R.L. Theis
Gary
Szentgotthard
Theis
Japan
Suzuki Motor Co
Budapest
Hungary
Machaskee named publisher as Greer named editor at Plain Dealer
Cleveland Plain Dealer announces Alex Machaskee promoted to publisher and Thomas H. Greer promoted to editor. Thomas Vail adds president and chairman duties. Machaskee 52 with 30 years at the paper, Greer 47, longtime editor and former sports editor.
MENTIONED IN THIS ARTICLE
Cleveland (Ap
Alex Machaskee
The
Cleveland Plain Dealer
Thomas H. Greer
Thomas Vail
Plain Dealer
Vail
Machaskee
Greer
Also Mentioned on This Page
London
Frankfurt
Stock Exchange
West Germany
Robert Brusca
Nikko Securities Co. International Inc
Liberal Democratic Party
Samuel D. Kahan
Kleinwort Benson
Government ‘Securities Inc
WYSE
McOnls
MMM Mobil
Sai
Alcoa Amex
A Morgan
Abarck
Ye Motorla Ncr
Nipsco
PacTel
Aba
PanAm
Wa A Bard
ParCom
Barnett
Va Pepsica
Saab SaVa
Va. Batimt
Ava
Abs Oy
Va Baxter
Bedok
Spa— Phimrs
E BellAtl
Ya Philpin
Betlso
PlerOg
Sebstt
Va Bardens
Brazil
He Schimb
Sears
Disney
Unisys
Mn uUsWest
duPont
EkKodak
Entergy
Exxon
Ae Walmurt
Ginnk Wa
Emerson
Gustut
le First Bancorp
Hanson
Wit Goodrich Harard
Hills
Ain Heinzs
Invacare Wi
LCB
Bancorp
Uae
LNB Bancorp
Lesca Inc. Ous Inco
Nordson
Inger Ra
Northern Savings
Ohio Edison
Va P.N.C. Corp. Ipalea
Wat
Johndas
Parker Hannifin
Kmart
Miesia
Ya T. E
Woolworth
Mid-Am Inc
McA
Robert Demby Cab
Los Angeles
General Motors Europe
Raba, Hun
Chronicle -Telegran
IBM
ROYAL
Cleveland Street
Byria
Leroin
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