Swiss bank deals and tax tips stir investor hopes
Sargent reviews opening Swiss bank accounts with currencies and tax rules. Highlights include 435% withholding tax, potential 20% annual returns on Swiss franc accounts, and savings offers with 3.4% to 5% interest. Also notes tax deduction possibilities and a suggested portfolio shift into Utah Power & Light with about 9.4% yield.
MENTIONED IN THIS ARTICLE
Swiss Bank Corp
World Trade Center
New York
Union Bank of Switzerland
Wall Street
Goodyear, Firestone settle tentative labor contracts
Negotiators for Goodyear Tire & Rubber Co and United Rubber Workers reached a tentative deal Sunday in Dayton Ohio matching patterns of a URW agreement with B F Goodrich Co. Firestone Tire & Rubber Co signed the same master settlement in Cleveland. Goodyear wage gain 72 cents over three years plus improved holidays vacations cost of living allowance rise in year two and new vision care. Firestone pact to be ratified by about 16 000 members at 11 plants in roughly three weeks. Goodyear ratification meetings not yet set for 21 500 workers at 14 plants nationwide. Goodyear talks lengthened 19 weeks over neutrality clause. The tentative agreement contains no neutrality clause. Goodyear plants span Akron St Marys Marysville Ohio Gadsden Alabama Sun Prairie Wisconsin Topeka Kansas Los Angeles Union City Tennessee Danville Virginia Lincoln Nebraska New Bedford Massachusetts Windsor Vermont Madisonville Kentucky Jackson Michigan.
MENTIONED IN THIS ARTICLE
Goodyear Tire & Rubber Co
United Rubber Workers
Dayton
Ohio
B.F. Goodrich Co
Firestone Tire & Rubber Co
Cleveland
Goodyear
Firestone
Akron
St. Mary’s
Marysville
Ohin
Gadsden, Ala
Sun Prairie
Wis
Topeka Kan
Los Angeles
Union City, Tenn
Danville, Va
Lincoln, Neb
New Bedford, Mass
Windsor, Vt
Madiensville
Jackson, Mich
New York
Citicorp
International Tele
Phone & Telegraph
Federal Express
Carter
Oren I
UPI
Ronie Alle
Penn
Eleo
Phil Pet
Auris
RCA
Bn Rep Steel
Amers
Bere Mt
Beth Steel
Nh Ropes
Sears Jha
Cdo Pe
Curtiss W
Umreyl Lee
Ize Wien Drieg
Fort Mator
Woolworth
Geo
Ambricaz Machine & Foundry
Greyhound
Ameieas
Mersb
Ing
Sy Cit Corp Ra
Cpady
CPC
Intertalliona Inc
Dart
Emerson
Kennecott
Kellogg
Goodrich
Roger
Lear Siemer
Mattel
Uhre Edisce
Mowantod
Urepe Parker Haunigin
Motnela
Nabusce
Smucker Searle
Gacy Nate Southern Co
Ee Edius
Qapan
Srfk
Union
Olin Corp
Japan lauds Carter energy plan as dollar moves ripple
Japan joined the Big Seven in praising Carter’s ambitious energy strategy to curb shortages in the 1980s. Tokyo traders showed caution, with dollar turnover at 648 million and the yen fluctuating around 217 to 218.20, while Tanaka urged energy conservation and new fuel sources.
MENTIONED IN THIS ARTICLE
Tokyo
UPI
Japan
Carter
U.S
America
Tokyo Exchange
Europe
Rokusuke Tanaka
Tanaka
Buckeye International reports profits and sales rise at Salem plant
Buckeye International says its Molded Plastics operation near Salem Ohio produced instrument panels with a shiny metal finish during a vacuum metalizing process. The company reports second quarter profits of 49 cents a share, quadrupling 1978 results, on record sales of 39.4 million dollars. Meanwhile the dollar weakened in other markets.
MENTIONED IN THIS ARTICLE
Buckeye International
Molded
Salem
Ohio
Buckeye
UPI
Carter energy speech stirs markets but no clear impact
London and European markets opened mixed as President Carter spoke on energy, gold rose to 290 750 dollars, and dollar rates in Zurich Frankfurt Amsterdam Paris and Brussels moved marginally. Lorain County Children’s Services seeks foster home for two brothers, 11 and 13, after parental breakup. group home to private home for individual attention. The agency offers room and board, clothing allowances, and medical expenses.
MENTIONED IN THIS ARTICLE
London
UPI
Carter
Britain
North Sea
Frankfurt
Amsterdam
Paris
Brussels
Milan
Lorain County Children’s Services
Marianna Carney
Market Mixed on Energy Initiatives Ahead of Speech
Analysts say investors may hold fire until the Kansas City speech to gauge specifics of the program. Carter announced Sunday night quotas on oil imports and a special plan to develop alternative energy sources.
MENTIONED IN THIS ARTICLE
Kansas City
Carter
ODOT to Open Bids for Lorain County Road Projects
Ohio Department of Transportation officials will open bids August 7 for three Lorain County road and bridge projects estimated at 750000 dollars. Two bids cover widening and resurfacing sections of highways in Brownhelm and Carlisle Townships. The third bids to rehabilitate twin bridges on Route 57 over Conrail tracks near Route 20 in Elyria with traffic maintained during work.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Toll in Aragon hotel fire rises to seventy one dead
Spanish civil government said two more people died today from injuries in the Hotel Corona de Aragon fire, raising the death toll to 71. Eight victims remained in critical condition. earlier tallies had listed 72 killed and three missing. The latest fatalities were Pilar Gonzalez Fuertes and Begona Alvarez de Velasco.
MENTIONED IN THIS ARTICLE
Saragossa
Spain
UPI
Corona de Aragon
Pilar Gonzalez Fuertes
Begona Alvarez de Velasco
Also Mentioned on This Page
Sargent
By David FL Sargent
Robert Kinsman
Dow Jones-Irwin
Florida
Massachusetts Investors Trust
Massachusetts Financial Bond Fund
MIT
Utah Power & Light
NYSE
LOS Angeles Times Syndicate
United Press International
Stncus Sree
Fireman's Fund
San Francisco
Hovey
Kaiser Insurance Associates, Inc
Philip B. Kaiser
William Comerford
Paul G. Hovey
John Ryan
Lorain Country Bank
Americas
Mid-Ohio Securities Corp
Broad St
Elyria
Mtamber National Association of Securities
Cleve
Lergin
WEOL
WBEA
Paul Harvey
Weol Radio 93
ODOT
Alcoholics Anonymous
Court and Bread St
John B. Simpson
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