Stock market falls on interest fears after Fed data
New York stocks slumped as the Dow dropped 749 to 19800 in the first half hour amid worries over the Federal Reserve's credit policy. Investors cited a $38 billion money supply rise and looming budget deficits as drags on sentiment. Some noted Super Bowl results as a pessimistic oddity, referencing a famed myth about market directions following NFL outcomes.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Congress
Terex Ohio plants face wage cuts after talks fail
About 320 Terex workers at two Ohio plants in Brook lyn and Hudson face a $3.94 per hour cut from an average $12.69 wage as concessions take effect this week. The company, in Chapter 11 bankruptcy, warned the cuts would occur with or without union approval. Grievances may be filed but a strike could threaten the firm’s future.
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AKRON
Terex Corp
Ohio
Brooklyn
Hudson
Terex
United Auto Workers
Joe Terry
UAW
Banks offer cheaper loans at Lorain auto show
Nine area banks cut rates for the Lorain mobile auto show at Midway Mall opening January 30. Expected savings of one to two percent, with some banks offering variable rates and others fixed. Banks and dealers will staff booths to explain packages as show runs until February 11.
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Elyria
Lorain County
Midway Mall
Dotti Bryan
Consurmer Credit
Elyria Savings & Trust National Bank
Elyria Savings & Trust
Lorain County Automobile Dealers Association
Norman Bland
Lorain County Savings & Trust
Wll
Oberlin Savings Bank
Richard Glasco
Lorain National Bank
Stanley Pijor
Loram County
EST
Central Trust
Society National Bank
Society Bank of Firelands
National City Bank
City Bank
Paul Siiman
The
Auto Dealers Association
Shell finds oil where Sohio came up dry
In the Beaufort Sea off Alaska, Shell Owl Co. reports a new oil discovery at Sea Island near Prudhoe Bay yielding 600 to 5,000 barrels per day. Sohio, after a dry Makluk well, will take a 163 million after tax writeoff reducing 1983 earnings by 66 cents per share.
MENTIONED IN THIS ARTICLE
Shell
Sohio
Houston
Standard Oil Co
Ohio
Alaska
Beaufort Sea
Shell Owl Co
Prudhoe Bay
Mukluk
North America
Sohio. Which
Cleveland
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Los Angeles Raiders
Washington Redskins
Wall Street
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Rs Mobi
Valles
Ns Papreft
Archie
PepsiCo
Pheer
Stlane Saaw AB
CossAr
Chester
Ali Ty Fuleen
YMG
Sears
Sperry
Andy Ted Sese
Ads AB
Tenneo
Cankie Texaco
TexInst
InPape
Tbs
HLAL
Woodly
Agerax
Ab Excello
Tiere
Smith Eo Pruehaut
Faison i Goodrich
Waleo National
Acow Cleve
Industries
Woolworth
Alied Corporation
Lear Stegler
Ant
Midland
Ine
Ina
Nordson National Gypsum
Amwasing Ryddina
Ventre
Standard
Ohio Edison
CME
Ort aTheny
Parker Hannifin
Smucker Ada
Pt Inter
Veterson
Texas Vuhties
Obio
Mid-Ohio Securities Corp
Omemaen Monona
Sncumber Drawers Inc
SIPC
Lorain
Norwalk
Spitzer Park Plaza
Bidg
Broad St
Ehme
Gta Teles
Job Training Partnership
Fersons
Jobs Training Partnership Act
JTPA
Elyria Lorain
Oberlin
Wellington
Business News
Association
Mary Ann Reed
Automobile Specialty Co
Heinz Prechter
Lordstown
General Motors Corp
Automobile Specialty
Thas Deftura
Gore Ferrier Spaskus
Atans AmeriTrust
Carron
Amen Trust Deposit Products
Callour Toll Tee
Cuyahoga
Cuyahogae
Oued
Hte
the Chronicle-Telegram
Chronicle-Telegram Business Review
T.V. Magazine
Chronicle-Telegram
Business Review
Lynn Bearer
Elyria Hospital
Broad Gt
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