Auto relief bill promotes American car purchases and relief
Rep Jim Dunn introduced a twofold package to aid the auto industry with tax incentives for buyers of U S made cars and tax breaks for firms. It would allow a $500 deduction plus up to $400 in credits, boost depreciation by 25 percent, extend investment tax credits to seven years, and require federal agencies to cut burdensome regulations within 90 days. Dunn noted collaboration with Ford and GM and argued the plan helps all and avoids quotas.
MENTIONED IN THIS ARTICLE
Washington
Jim Dunn
R-Mich
Dunn
Gulf Oil profits slip in fourth quarter amid weak U S sales
Gulf Oil Corp the nation's fifth largest refiner reported a 17 percent drop in fourth quarter profits to 304 million as U S petroleum product sales lag and exploration costs rise. Revenues fell to 7.60 billion while Gulf weathered higher taxes and costs. Socal posted 17 percent fourth quarter gains with 615 million earnings and 11.3 billion in revenue, aided by Aramco partnership though Exxon Mobile and Texaco showed mixed results.
MENTIONED IN THIS ARTICLE
Gulf Oil Corp
U.S
GULF
Jerry McAfee
McAfee
United States
Europe
Socal
Aramco
Saudi Arabia
Exxon Corp
Mobile
Texaco Inc
Gold dips below 500 as market grows uneasy in New York
In New York, gold sank below 500 an ounce for the second time in 12 months before a sharp rally. Analysts cite economic restraint expectations, deflationary psychology, and ongoing geopolitical tensions from Poland to the Persian Gulf as factors. The market hinges on speculators, hedgers, and hoarders as they shape short and long term price dynamics.
MENTIONED IN THIS ARTICLE
New York
UPI
James Sinclair
Sinclair & Co
Poland
Afghanistan
Persian Gulf
R. Leslie Deak
Deak Perera
London
Sinclair
Miss Raptopoulos
United States
Carter women face hurdle moving from government to business
New York based UPI report notes Carter era appointed women at policy levels far higher than earlier administrations and questions their fit for corporate roles. Coalition data show jumps in women in Defense Department posts, while Reagan era hiring remains slow. Executives warn six months to a year needed to translate government expertise into marketable private sector skills.
MENTIONED IN THIS ARTICLE
New York
UPI
Jimmy Carter
U.S
Ronald Reagan
Carter
Coalition For Women’s
National Women's Political Caucus
Defense Department
Bette Anderson
the Treasury
International Telephone & Telegraph
Reagan
John Schlueter
Korn-Ferry International
Schteuter
Sohio Raises Fuel Prices Three Cents A Gallon
Sohio announced a 3 cent per gallon increase on gasoline and all distillates in Ohio markets including Sohio Boron and BP product lines. The company cited higher crude oil costs and denied direct ties to the Reagan decontrol order.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Standard Oil Co
Ohio
Reagan
Sohio
Boron
Opening stocks rise as indicators hint at softer economy
New York a.m. trading shows the Dow advancing 2.90 to 951.79 amid mixed gains and a Commerce Department index of leading economic indicators falling 0.8 percent in December, first decline since May. Citibank cuts its prime rate by 0.5 point to 19.5 percent, fueling expectations of broader rate cuts. Allied Chemical climbs after strong earnings. oil stocks move mixed with Atlantic Richfield up 4 to 60 and Getty Oil down 5 to 85.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
Citibank
Allied Chemical
Atlantic Richfield
Getty Oil
Grain Market Roundup Highlighted By Lorain Farm Bureau Coop
Grain market notes show Lorain County Farm Bureau Cooperative Association Inc at yesterday's closing with local grain kids listed among participants and sales activity.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Also Mentioned on This Page
Om Byte
Pye
Ford
General Motors
United Press International
Betty Raptopoulos
Babe Halsey
Stuart Shields
Business News
Robert Penick
Marianna
Anne Wexler
Wexler
Gerald Ford
Coalition
Janice Katz
Katz
Alege Sl Albs
Am Airlines
Am Motors
AntelTel Ste
BeilHowi
Boeing
Bae
CocaCol
Ar EsKodak
Bramsp
EnmanCp
FordWt
Aio
Nebisco
Texaco
Bath Us
Mroy! Inc Wa
EH Aim
Quotatio
Supy Pierre R. Smith Co Ae Amencan
Acme Cleve Machine & Foundry
American Star
Amencan
Sup Building
Bendix
Chromalloy
CPC International, Incerson
Excelio
Frvehauf
Goodrichay
Lear Siegher
Midland-Ross We National
Parker Hanaifin
Searle
G.d.co
Smucker Southern Co
Northeast
Northwest Ohio
Wheat Mutuals
Sears
Puald
Tim
Jaffordable
Yin
Stewarts
Business Builder
Diele
Star Building System
Star Builders, Inc
Federal
Lakewood
Amherst
Cooper Foster Rd
Tel
Ridgeville
Center Ridge Rd
Ridgeview
Detroit
Warren Rd
Westlake
Detroit Rd
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