Supreme Court OKs regional interstate banking limits
The Supreme Court ruled 8-0 that Massachusetts and Connecticut may restrict bank expansion to regional New England firms, clearing a path for more state specific banking regions and possible growth of multistate holding companies. The decision challenges nationwide banking expansion and shifts focus to potential Congress action on nationwide banking.
MENTIONED IN THIS ARTICLE
Aaron Epstein
Knight-Ridder
Washington
Supreme Court
Massachusetts
Connecticut
Southeast
Federal Reserve Board
New York
California
Illinois
Texas
William H. Rehnquist
High Court
Citicorp
BankAmerica
Chase Manhattan Corp
Alaska
Maine
South Dakota
Arizona
Paul Douglas
New England
Northeast Bancorp Inc
Union Trust Co
U.S. Court of Appeals
Congress
GM Turns to Toyota for Nova Help and Hopes for Quality Image
GM plans to stress the Toyota quality angle to boost the Chevrolet Nova, built in a 50 50 partnership plant in Fremont, California with Toyota supplying 70 percent of parts. The Nova starts at 7195 dollars, with fully loaded pricing above 10000, competing with the Corolla.
MENTIONED IN THIS ARTICLE
Edward Miller
Detroit
General Motors Corp
Toyota Motor Corp
Robert Burger
Chevrolet
Nova
Burger
Toyota
Fremont
Calif
U.S
Japan
Chevy
United States
Ford Motor Co
Tom McDaniel
McDaniel
Suzuki Motor Co
Isuzu Motor Co. Ltd
Middle States
Revco to write down inventory hit by price erosion
Revco D S Inc plans an $18 million fourth quarter write down of inventories held by Odd Lot Trading Co wholesale division. The adjustment reduces earnings to 49 cents a share for the quarter ending June 1. The write down covers video game cartridges and related computer items.
MENTIONED IN THIS ARTICLE
Twinsburg
Revco
Black businessmen buy Ancola franchise in Flint
Seven Up Co announces the sale of the central Michigan Seven Up franchise to Mel Farr Al Bennett Chuck Wells and others for 5 million. Jesse Jackson calls the historic sale a major breakthrough linking it to civil rights milestones and praises Seven Up president Edward Frantel for leadership in finalizing the deal.
MENTIONED IN THIS ARTICLE
Sandy McClure
Knight-Ridder
Flint, Mich
Mel Farr
Jesse Jackson
Seven- Up Co
United States
Jackson
Jackie Robinson
Jackie Robin
Flint
Central Michigan
Farr
Oak Park
Ford Motor Co
al Bennett
Also Mentioned on This Page
Segemaria
Belgarde
Yugoslavia
Business News
Cleveland
Sohio
White Consolidated Industries Inc
White-Sandstrand Machine Tool
Bullard
WCT Machine Tools & Systems Co
John B. Schulze
White Consolidated Industries Industrial Products Group
Cincinnati
White Consolidated Industries
Hudson, Ohio
Alltell Corp
Telecommunications Company
Merrill Lynch Capital Markets
Stephens Inc
TRA
GM & Ford
Lorain County Vocational Center
St. Rts
Oberlin
Stewart's
HHO & FR
Pierre E. Smith & Co
Acme Cleve Us Allied Corporation
AMF
AmerShip Building
American Standard
Cleveland Elec
Se First Bancorp
LC Industries Ris
Lear Siegler
Toledo Edison
Walco
Woolworth
Spiegelberg
Stow
Frash
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