Metal prices close on Comex as markets update
New York AP reports closing prices on the Comex with gold at 348 60 per troy ounce silver at 53 71 lead at 2122 cents per pound aluminum 54 10 cents copper 69 45 70 cents zinc 38 cents tin 34 81 3 per pound mercury 270 285 per 76 pound flask and platinum 44 38 44 41 per troy ounce domestic merchant.
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Mexico debt crisis looms as Reagan seeks aid plan
President Reagan warned a Mexican default on its 98 billion dollar foreign debt is possible and pledged U S help. He noted Volcker's Mexico City talks and outlined a three year loan plan to mobilize about 29 billion in new funds with World Bank IMF contributions and commercial bank participation.
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White chairman resigns amid takeover by Electrolux
Ward Smith, 55, will resign as chairman of White Consolidated Industries after unhappy with his role following AB Electrolux Sweden's 743 million takeover. Smith retires next month after 20 years with White. Anders Sharp of Electrolux will succeed him.
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Federal seeks lower local phone rates across 31 states
Regulators in 31 states and the District of Columbia are asked by the General Services Administration and the Department of Defense to cut intrastate phone rates. They argue that current returns reflect past high rates and inflation, not today’s stabilized economy, and urge immediate reductions.
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