Opening stocks extend market slide as rates rise
New York markets opened lower signaling continued concern over higher rates. The Dow fell 7.11 to 1185.20 as declines outpaced advances 5 to 2. the Fed showed divisions over a tighter policy despite a July M1 surge of 5.8 billion.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Fed
Paul Volcker
NYSE
Pan American World Airways
Baldwin United
Standard Oil
Indiana
General Electric
Westinghouse Electric
Republic Steel
J.C. Penney
Texaco
Dow Jones
American Stock Exchange
John Jn
Kmart
Merck
Mobil
RCA
Rowan
Shakles
Sysco
Teldyn
Oslo
Wimrt
Mondale Attacks Reagan Policy At County Officials Meeting
Mondale told the National Association of Counties gathering in Milwaukee that the recovery is doomed to long term failure. He warned federal deficits of $200 billion plus annually threaten sustainable growth and local government health.
MENTIONED IN THIS ARTICLE
Milwaukee
Walter F. Mondale
Reagan
National Association of Counties
Martin Feldstein
Council of Economic Advisers
George Bush
Mondale
Local executives announced in Northeast Ohio business brief
North Olmsted based Biskind Realty named Ronald G. Neff vice president and director of office leasing at Great Northern Corporate Center. Lorain resident Nancy F. Smith was named tax attorney for Cleveland Cliffs Iron Co. Carolyn Shaw of Lorain County became executive vice president of Ohio Outdoor Advertising Corp. Five area residents entered Greater Cleveland Growth Association 1984 leadership program. Suzanne B. Inge of Oberlin earned production inventory management certification. Lorain Prudent Insurance Leaders Roundtable members listed. AHEPA officers named. Roy Grills of Vermilion named executive distributor for Sperry-Owens.
MENTIONED IN THIS ARTICLE
Ohio Outdoor Advertising Corp
Carolyn Shaw
Lorain County
Ms. Shaw
Greater Cleveland Growth Association
Eugene Kolach
Strongsville
Cleveland Teachers’ Union
Ralph White
American Greetings Corp
Anthony Lang
Bay Village
Hausser & Taylor
Harold Shoup
Carl Liggett, Inc
Neal Malicky
Berea
Lorain
Prudential Insurance
Louis R. Bologna
Virendra
Patel
Vassie Scott
Frank A. Calabrese
Michael R. Birks
Glen J. Snyder
International
Anna Mae Magnes
Mary Ellen Lindway
Elaine Smithberger
Judith Derifaj
Dorothy Moldovan
Banks and S Ls seek broader powers in new plan
Washington AP Reagan plan would let bank and S L holding companies deal in and underwrite bonds, mutual funds, insurance, and real estate. Opponents warn of risks to banking independence and warn of a 1920s style crisis while supporters say it boosts competitiveness in a changing market.
MENTIONED IN THIS ARTICLE
Washington
Reagan Administration
Savings and
S&ls
Rey Green
US League of Savings Institutions
Mutual Fund
Investment Company Institute
Treasury
Donald T. Regan
Regan
Senate
Banks
U.S
Independent Bankers Association of America
The
Savings League
Green
Hus
S&l
Volcker warns IMF SDR amendment could harm world debt cure
Federal Reserve Chairman Paul Volcker told Congress the House Banking Committee amendment delaying SDR allocations may impair IMF operations. He warned the change could hinder the international monetary system and the U.S. influence at the IMF while the U.S. holds about 20 percent of voting power.
MENTIONED IN THIS ARTICLE
Washington (Ap
Federal Reserve
Paul A. Volcker
House
International Monetary Fund
Volcker
Fernand J. St Germain
House Banking Committee
Washington Post
Congress
IMF
International Monetary System
the Post
United States
Auto lease brokers open Elyria office
Three area residents bought an Engage-A-Car auto leasing franchise and opened a Elyria office at 786 Finwood Court. Purchasers include Elyria residents John Webb Gary T Whipple and Grafton resident Ralph Loftin. Engage-A-Car acts as a broker in automobile financing and leasing.
MENTIONED IN THIS ARTICLE
Elyria
Engage-A-Car
Finwood Court
John Webb
Gary T. Whipple
Grafton
Ralph Loftin
Also Mentioned on This Page
Baldwin
Boeing
Segg
Eastaur
GenElst
Gulf Oil
Fituch
Howwll
Hugh T
Rui
Va Inco
R.A
Patiwerth
Bereovem
James Beparducc
Anbert Crating
Robert Rehark
Mid-Ohio Securities Corp
Prem Es
Anemone
Eeurstel Deo Ing
Norwalk
Spitzer Park Plaza
Broad St
Cleveland
Banks Commercial Thrift Institutions Life Insurance
Commerce Department
Baldwin-Wallace College
Oberlin
Suzanne B. Inge
Gilford Instrument Laboratories
American Production and Inventory Control Society
C-T
Elyria Ice Hockey Boosters Club
Court St
Tprize
Elyria Setqui Headquarters
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