Opening stocks drop as Dow falls in early trading
Dow industrials slip 155 points to 1113.07 in the first half hour amid broad losses after a three day rally. Volcker testimony supports hopes of slower growth. Friday’s close had the Dow at 1114.62, up for the week, with strong NYSE volume above 100 million shares and gains at the AMEX.
MENTIONED IN THIS ARTICLE
Economic News
Federal Reserve
Paul Volcker
Congress
NYSE
American Stock Exchange
Rollins Inc
Rollins Communications
ROC
RFC Energy
Dow
Rollins
Orkin
Rollins Protective Services
Hist
Akron area poll finds limited hiring in third quarter
A regional poll by the Akron Beacon Journal and University of Akron shows 44 percent of northeastern Ohio executives expect little change in the economy this year while 36 percent foresee slight improvement and 13 percent a minor worsening. Most say they have no plans to hire new workers, reflecting an unemployment rate above 10 percent. Small businesses are viewed as the primary job creators.
MENTIONED IN THIS ARTICLE
Yew York
NestPw
NSE
Pfizer
At&t
PhilPet
Arieps
Pilsby
Armeo
Psvcnl
Aia
As Baxters
Ta Schimb
BeliSe
Sears
Boeing
SonyCp 16
Carysl
TacBoat
Hag Citiero
Tandy
Coleco
Telex
Comdre
Texaco
Tosco
Guy Bet Digital
DowCh
Usairg
Ys duPont
UsSteel
EsKod
Exxon
Gmot
Gould
Pierre R Smith Glestut
Halbin
Acme Lieve
Oc Allied Corporation HewlPk
Alltel
AMF Inc
Sar AmerShop
IBM
CPC Inter
Emerson
Jonada
Excello Emari
Nordsom
Ohio Edison
MesaPt
Toledo Edison
Walco
Wa— Woolworth
AKRON
Ohio
William Byrd
Ohio Edison Co
Akron Beacon Journal
University of Akron
Byrd
Alan Brant
Central Bank of Akron
Armco Won't Pay Second Quarter Dividend
MIDDLETOWN AP The Armco Inc board said dividend restoration will be considered once profitability resumes, ending the first postponement since 1939. The move affects common stock only, not preferred stock.
MENTIONED IN THIS ARTICLE
Middletown
Armco Inc
Armco
Rocky River Mayor’s Texaco project blends ingenuity and risk
Rocky River Mayor Earl Martin and designer Scott Maurer transformed a costly Texaco site into a 12,500 square foot office retail complex. The project, completed this summer, repurposed a 1,500 square foot gas station with terraced parking and two to three story sections. The investment exceeded 1 million dollars driven by Texaco purchase costs and adjacent properties. Tenants include Chandler's and Chandler Realty. Martin, a Rocky River native, notes the venture is a gamble while eyeing further development along Center Ridge Road which Maurer plans to back with a 25 million dollar 25,000 square foot building on the remnants of the old bridge. The mayor reflects that only time will tell if the project pays off.
MENTIONED IN THIS ARTICLE
Rocky River
Earl Martin
Center
Marty
Jeff
Kelly
Chandler Realty Co
Texaco, Inc
Chandler’s, Inc
C-T
Susan Cross
Texaco
Lakeview Street
Petroit
Maurer
Ridge Road
Rocky River Bridge
Martin
Ohio soup boycott shows mixed impact in migrant labor fight
A six year boycott against Campbell Soup Co by the Farm Labor Organizing Committee gains steam with a 560 mile march ads and stockholder lobbying. Campbell reports solid earnings and says it does not negotiate with the union while activists claim 1200 workers are represented. The campaign cites Campbell support for migrant worker programs as progress.
MENTIONED IN THIS ARTICLE
Toledo
Campbell Soup Co
Farm Labor Organizing Committee
Midwest
Campbell
San Francisco
Jesse Jackson
Ohio
Scott Rombach
Rombach
Camden
Velaquez Velasquez
Ome
July 4 market: five failures spark investor alert
The Zweig Forecast notes four prior July 4 rally failures led to steep drops within months and years. This year marks a fifth such concern with market weakness after the mid year rally, while Alternacare and Rollins spin off profits attractively for risk tolerant investors.
MENTIONED IN THIS ARTICLE
Martin Zweig
Zweig
New York NY
Also Mentioned on This Page
New York
Brant
Jesse Marquette
University of Akron Political Science Department
Canton
Cleveland
Marquette
Aramco
Cafee
Scott Maurer
Beachcliff
Weslake Hotel
Earl Ti
James
Martin's Corner
Detroit Rd
Martins
Istewarts
Stewart
Boycott
Union
Baldemar Velaquez
Dick Davis
Kaiht Ridder Newspapers
Alternacare
ALTA
AG Becker
Glens Cutler
Market Mania
Pacifica
Cali
AY Lorain Business College
Ridge
Lorain
Manapet
Mid-Ohio
Elyria
Spotter Park Plaza
Broad St
Etyna
Gaveland
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