Major banks raise prime rate to 9.5 percent
Washington major banks lift the prime lending rate to 9.5 percent, the highest since March 1986, signaling tighter money conditions after Greenspan urged restraint. Banks justify the move as a response to rising funding costs and monetary policy. The shift impacts borrowers and short-term instruments, while stock markets react modestly.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
James Christian
U.S. League of Savings Institutions
Chase Manhattan Bank
New York
Money Center
Texas
Treasury
Fed
Greenspan
William N. Griggs
Griggs & Santow Inc
Kudron Auction report shows steady market trends for hogs cattle and hay
At Kudron Auction Thursday hogs mostly steady with good hogs $44 to $458. Feeder pigs strong with 1000 head. back-to-farm calves steady to $134. dairy cattle Holsteins down. bull cows down slightly. Hay and straw consignments near double, hay prices $75 to $205 for first cut, straw $50 to $90 per ton. Total head 3059 from 603 consignors. Local grain bids: Wheat $3.41, corn $3.41, oats $3.00, soybeans $9.30 per bushel.
MENTIONED IN THIS ARTICLE
Kidron
Kudron
Shaw
Lorain County Farm Bureau Cooperative Association
Cleveland OKs LTV abatement to aid overhaul
Cleveland approves a 100 percent tax abatement for LTV on equipment and improvements at Cleveland Works if school taxes are paid. The plan covers a $1.1 billion upgrade, with $747 million in Cleveland and $404 million in Cuyahoga Heights, amid debates over unpaid taxes and job impact.
MENTIONED IN THIS ARTICLE
LTV
Cleveland Works
Cleveland
Cuyahoga Heights
Arby's Teams With Visa for Express Payment Trial in Arizona
Visa International and Arby's launch a six month pilot at 17 Arizona outlets to accept Visa cards for quick purchases. The system aims to speed checkout, reduce cash handling, and may expand if successful. VISA also says its cards will soon be usable in Taiwan.
MENTIONED IN THIS ARTICLE
Arizona
Arby's
Visa International
Arby’s
Express
San Mateo
Calif
J. Pino Francini
Visa
Taiwan
Retail sales rise in June boosting hopes inflation held in check
The Commerce Department reports a 0.5 percent rise in June retail sales to 132.8 billion, led by autos up 1.2 percent to 29.7 billion and strong department store activity. Ex autos, sales up 0.3 percent. May revised up to 0.3 percent.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Goodrich Reports Record Earnings On Diverse Chemical Sectors
BF Goodrich Co. posts a 58 percent rise in second quarter earnings to 60.4 million dollars, a record for any quarter. EPS hits 2.30, up from 1.54, as sales by polyvinyl chlorides, intermediates, specialty chemicals, and aerospace rise.
MENTIONED IN THIS ARTICLE
AKRON
BF Goodrich Co
Goodrich
Battlefields Face Threat From Manassas Shopping Complex
Congress moves to authorize seizure of 542 acres beside Manassas National Battlefield Park to block a 1.2 million square foot retail and 1.7 million square foot office complex and 560 homes proposed by developer John T. Havel. The measure clears key House committee 27 11 and heads to the floor.
MENTIONED IN THIS ARTICLE
House Interior and Insular Affairs Committee
Manassas National Battlefield Park
Frank Wolf
R-Va
Michael Andrews
D-Texas
Robert Mrazek
D-N-Y
House
Marlenec
Custer Battlefield National Monument
Billings
Mont
House Committee
Senate
William Center
John T. Havel
Prince William County
Manassas
Egg prices and misread figures in regional market notes
Fragmented OCR item lists egg prices and related merchandise with unclear figures. Readable names and places are too damaged to identify confidently, but the entry indicates price points for eggs and assorted goods in a regional market column.
Also Mentioned on This Page
Wall Street
Chicago Tribune
Tim Willams
Lourte
U.S. Department of Commerce
Jemamjjasond
Kidron Livestock
NYSE NEW_ YORK
Cleeacn
Anheus
Wit Baxter
Chilinto
Cornel
Annett
Hudson
Hanson
Va Interea
Tein Kimbel
Morgan
Owen
Pepsico
Schimb
Osco
Uswest
Unocal
Upsalin
Wy Warn S
Atta Weyer
Yorkin
Pierre R Smith
Acme Cleve
Allied Corporation
Alice Babe
American Standard
CPC
Inter Incants
Emerson
First Bancorp
Goodrich Fata Wtc Industries Hills
Ah Invacare
LCR
Bancorp
LNB Bancorp
Lesco
Nordson
Northern Savings MM
Omo Edison
PNC
Parker Hannifin Smucker
Simnse Medical
Texas Utilities
ARTR
Woolworth
York International
Cleveland Oks
Deal
Mildred Madison
Cleveland Board of Education
Council
David Carroll
East Chicago
Ind
San Francisco Examiner
Atlanta
United States
Canada
Asia
Francini
H. Spencer Nilson
The
Nilson
Los Angeles
Congress
Rep
Ron Marlenee
R-Mont
Bentists
Housewives
Copumbes AP
Rehatlhrs
Madtyur
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