Leading indicators rise 0.8 percent in June signs economy expanding
The Commerce Department reports the Index of Leading Indicators up 0.8 percent in June the fifth straight rise. Growth trends point to moderate expansion with no recession in sight as the GNP growth for the first half exceeds forecasts.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
GNP
David Wyss
Data Resources Inc
Lexington
Mass
Wyss
Dow hits new high as blue chips lift markets
The Dow Jones Industrial Average rose 19.77 to 2539.54, its latest in a string of new highs aided by strong quarterly reports from Ford and USX Corp. Oil futures settled at 21.44 a barrel as Gulf tensions loom, with traders wary of supply disruptions. Bond prices rose as debt ceiling talks advanced.
MENTIONED IN THIS ARTICLE
Wall Street
Dow
New York Mercantile Exchange
West Texas
Ford Motor Co
USX Corp
Congress
Treasury Department
Treasury
Egg Price Cartons Aboard Ohio Retail Routes
In Columbus, AP reports egg shipments to retailers in major Ohio cities with carton sizes and price ranges. Extra large 54-87 cents, large 53-56, medium 4-43, small 28-31.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Metal prices close at New York on Comex market
Closing prices show Gold at 457.40 per troy ounce and Silver at 8.014 per ounce. Platinum trades around 605.90, while Alu 75.50 cents, Copper 73.70 cents, Lead 42 cents, Zinc 47 48 cents, Mercury 275 295 per 76 pound flask.
MENTIONED IN THIS ARTICLE
York
NTI
Baxter
Shin Mn -Dreyfus
duPont
Gould
Sy Grace
MeGri
le MerLyn
Uy Mobil
Monson
SIM Ont
Morgn
Ys Motorla
WatDust
Nwim S
APH ET PacTel Si
PepsiCo
Pfizer
Hs PhilPet
Lee Fy
New York
FSLIC bailout gets Senate and House backing in compromise
Negotiators approve a 10.85 billion rescue plan for the FSLIC to avert a veto, raising the package from 8.5 billion and allowing acquisition of insolvent thrifts. The measure moves to the White House with Reagan expected to sign after summer recess.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Federal Savings and Loan Insurance Corp
William Proxmire
D-Wis
Fernand J. $ Germain
D-R
Treasury
James Baker
Reagan
FSLIC
House Rules Committee
White House
Congress
Audi 5000 acceleration reports persist despite recall
The New York Public Interest Research Group says 125 sudden acceleration incidents occurred this year in Audi 5000s despite a January recall. Audi disputes the figures, while lawmakers urge review for possible recall. The group cites 1 646 cases since 1978 with 402 injuries and five deaths.
MENTIONED IN THIS ARTICLE
Washington
New York
Public Interest Research Group
Daniel Moynihan
D-N.y
House
Transportation
Elizabeth Dole
Audi OF America Inc
Fred Zosel
Troy
Mich
New York Group
Zosel
Audi
USX Reports 149 Million Profit Driven by Steel and Oil
USX Corp posted a 149 million profit in the second quarter, up from 14 million a year earlier, aided by higher crude oil prices and improvements in steel. Chairman David Roderick said restructurings and steady gains in steel and energy will yield further gains, noting a weaker dollar boosts competitiveness. Lorain Works public affairs manager John Shortridge cited ongoing steel operation improvements and employment rising from 1400 to about 2200 after a six month strike.
MENTIONED IN THIS ARTICLE
Lorain
USX Corp
David Roderick
John Shortridge
Lorain Works
Roderick
Pittsburgh
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Shearson Lehman Brothers Inc
Larry Wachtel
Prudential Bache Securities Inc
General Dynamics
Electric Division
San Diego
Calif
Rite Aid
Ey Erly
Toxann
Uslife
S Ts
Weverh
Pierre R Smith & Co
Acme Cleve
Allied Corporation
Alltel
Dreyfus Amer-Wash Mutual
Ni Fidelity
Puritan
Hancock-Bond
Fin -Mit
Templin
le Vanguard
Wellgin
Panel Oks
USX
Wat Pyle S. Amherst
Oberlin
Closea Suncays
O YU
Narcotics Anonymous
Yiood
Se Kelvinator
Stewart
Cleveland