Kuwait May Have Profited In Takeover Bid Shock
Reports suggest Kuwait could have earned a substantial gain from a takeover bid for Connecticut General Mortgage & Realty by Britain's National Coal Board. The trust’s shares rose from 27 to 38 amid rumors and confirmation of the bid, with a potential profit around 550 000 dollars or 40 percent in under six months. The documents outline a 25 million real estate portfolio for EUWAIT the oil producer, alongside Citibank’s management of over seven billion in U S securities including a coded M Venture portfolio of about 250.
MENTIONED IN THIS ARTICLE
Kuwait
U.S
Connecticut General Mortgage & Realty
Britain
National Coal Board
Organization of Petroleum Exporting Countries
OPEC
Euwait
New York
Citibank
Citibank M Venture portfolio flagged in Kuwait investment memo
An internal Citibank memo outlines a 21 real estate stock portfolio for Kuwait's M Venture, including Connecticut General Mortgage at about 27 a share. The plan projected assets over 305 million by next January, with a separate 25 million emerging growth health care tranche.
MENTIONED IN THIS ARTICLE
Kuwait
Citibank
M-Venture
Connecticut
Mventure
National Medical
National
Eaton objects to inspections in anti-bias plan
Eaton Corp faces UAW-backed investment ban for not signing Sullivan Principles. The firm opposes a monitor or facility inspection requirement and reports to a monitoring agent. Eaton runs two South Africa plants employing 336 people, 56 percent Black, and cites regulatory and segregation issues as reasons.
MENTIONED IN THIS ARTICLE
Eaton
Cleveland
Eaton Corp
South Africa
U.S
United Auto Workers
Sullivan
Eaton Stock
Herbert Hubben
International
UAW
Chrysler Corp
Chrysler Employees Pension Fund
U.S. Steel Corp
Allegheny International
Dresser Industries
Newmont Mining Corp
Hubben
Leon H. Sullivan
Philadelphia
International Council For Equality of Opportunity Principles Inc
General Motors Corp
Hallelujah
Sullivan's Group
Sullivan's
Tomasek Named Lorain Telephone General Manager
Miltos J. Tomasek was named general manager of Lorain Telephone Co effective July 1 by directors. The Center system will consolidate Lorain with Central Telephone Co of Illinois, while John M. Mallory moves to Center operations in Chicago. The Lorain staff will work with Minois managers to speed upgraded service in the Lorain area.
MENTIONED IN THIS ARTICLE
Miltos J. Tomasek
Lorain Telephone Co
Central Telephone & Utilities (Center
Chicago
Lorain
Central Telephone Co
Minois
John M. Mallory
Center System
Tomasek
Ome
Lorain Chamber of Commerce
Credit rights guide aims to empower consumers in ECOA era
Dr. Emily Card of USC highlights ongoing ECOA violations and urges consumers, especially women, to obtain their credit history. She links credit knowledge to financial security, notes marital status affects credit reporting, and provides steps to request history from major agencies and to address incorrect or negative records.
MENTIONED IN THIS ARTICLE
New York
Emily Card
University of Southern California
ECOA
Dr. Card
MasterCard
U.S. Automakers Maintain Production As Layoffs Decline
U.S. automakers keep car and truck output above last year amid a sales lag with production up 30.7 percent year over year. Weekly long term layoffs fall to 153,400, the lowest since January 1980. No plant closings next week. several plants shut for 1982 model changes. Year to date totals show cars up 4.6 percent and trucks up 19.8 percent.
MENTIONED IN THIS ARTICLE
Detroit
UPI
U.S
Opening stocks slip as high rates curb trading interest
New York stock prices edged lower in early trading as the Dow Jones average fell to 99.19 amid a 7 to 6 ratio of losers to gainers on the NYSE. Analysts cited persistent high interest rates dampening activity, with Henry Kaufman predicting only a small, short-lived rate decline before a rise to new highs. Money market funds grew to 124.75 billion, while volume leaders included Chase Manhattan and Sony amid mixed moves. In Ohio, Kidron consignments rose with hogs reaching new highs at 53.75, beef cattle firm, and dairy prices up across the board as regional markets showed strength.
MENTIONED IN THIS ARTICLE
Citibank
New York
New York Stock Exchange
Mist
Investment Company Institute
Chase Manhattan
Beatrice Foods
Sony
Kidron
Ohio
Grain prices in Ohio elevators after market close
UPI reports regional cash grain prices by marketing area in Ohio after the close of markets. Northeast and Northwest show No 2 wheat around 3.04 and 3.25 per bushel with corn near 3.04 to 2.05, oats 2.05 to 2.35, soybeans about 6.59 to 16.87 per bushel. trend shows wheat and corn down, oats steady, soybeans sharply lower.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Fortheast
Northwest Ohio
Also Mentioned on This Page
Business News
Robert Penick
Centex
Amfac
Coldwell Banker
Rouse Co. Santa Anita Realty
BankAmerica Real Estate
Wells Fargo Mortgage & Equity
Dillingham
Skyline
Toro
Watkins Johnson
IMS. International
Dravo
Cessna
Esmark
Grumman
A.C. Nielsen
Ogden
Alaska Interstate
Belco Petroleum
Pogo Producing
Crutcher Resources
Chicago Tribune
Dan Dorfman
Milton J. Tomasek
Lorain Telephone
Daniel Purnell
Mobil
General Motors
Ford Motor
Union Carbide
Cutler-Hammer Inc
Cutler
Ridgeville
Carl Hixon
Bob Cutler
Mills Road
North Ridgeville
North Olmsted
Hixon
Gene Krebs
Automakers
Sereo Tod
Alig Cp
Cony P
Robink
Alcoa
AMAX
Sears
Am Airlines
Curtiss
Sperry
Am Can
Dayton Ha
St.Brad
del Edis
Em DuPont
Oil Ind
Am Motors
Eastern Air
T&t
Stow
Ads Bell Howl
Ty Ty Evans
Unirayl Inc Obaly, Cdr
Ubrands
Chrysler Colt
US Steel
Nh Cin Gas
John
Coca Col
Gdrich
Ha Wimon
Colgate
Wy Woolrh
IC Indus
Tneo
Kidron Zenith
Jn Harv
Pierre R Smith Co
Acme Clove
de Chromito Bie McLouth
CPC International Inca
Emerson
Morsan
Mota Corp
Ercello
Nabisco
BO Motrola
Pan Am Air
Searle
Penney
Wet Mucker
Pepsi Co
Southern Co
Phila Eb
Sybron
Phul Pet
Whee
Toledo Edison
Polaron
The
Union Pacific Corp
Woolworth FW
Premerza Mat
Gia
RCA Cp
Reyaids
Pueblo
Colorado
Emerson Quiet Kool
Stewart
Batt Prices
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