Metzenbaum Keeps Penalties On Sale Lease Back Deals
The Senate, in a setback for the real estate lobby, adopts amendments preserving tax penalties on sale lease back transactions and on property sales over 25 million financed at below market rates. The move accompanies a repeal bill of the 1984 Deficit Reduction Act imputed interest provision. Senator Howard Metzenbaum of Ohio sponsored the amendments and the repeal measure passed by voice vote.
MENTIONED IN THIS ARTICLE
Washington
Senate
Sen
Howard Metzenbaum
Ohio
Metzenbaum
Metzenbaum ends filibuster on real estate amendments
The filibuster ended after two days as Metzenbaum halted debate on a package of amendments to a housing and tax bill. He argues the measures would save taxpayers from higher taxes and cut federal program funding, while critics warn of complex loopholes and shifting costs. The bill advances to a conference committee for resolution of differences.
MENTIONED IN THIS ARTICLE
Metzenbaum
Congress
House
Opening New York stocks mixed as blue chips jump
The New York market opened mixed with blue chips leading gains while auto and transportation shares also rose. The Dow rose to 1,329.75 in the opening half hour, with IBM up and USAir and NWA among movers amid a broad, near-even advance across major exchanges.
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New York
NYSE
Usair
NWA
Allied
New York Stock Exchange
American Stock Exchange
Grain bids from Lorain County Farm Bureau Cooperal Association
Local grain bids at yesterday's market close list Wheat at 2.96 dollars per bushel Shelled corn 2.68 dollars per bushel Gas at 150 dollars per bushel Soybeans 549 pounds per bushel
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperal Association, Inc
Dividends and Market Prices Reported in Ohio and New York
AP summaries note eggs sold to Ohio retailers with carton sizes listed and closing Comex prices from New York. Gold at 315.70 per troy ounce, silver 6. Ja per troy ounce, aluminum 43.45 cents, copper 67.5-70 cents, lead 19-21, zinc 4.47, tin 51.301, mercury 303-313 per 76 pound flask, platinum 275-278 per troy ounce.
MENTIONED IN THIS ARTICLE
New York
Comex
Stuart promoted to executive vice president at Stanadyne
Robert E. Stuart, vice president of Stanadyne Moen Group in Elyria since 1984, is named executive vice president. He will oversee all Moen Group operations and the Western Steel Division in Elyria. Stuart has spent 22 years with the company in sales and management roles and is a Bath Ohio resident, native of Hammond Indiana, and Indiana University graduate. Stanadyne is a Fortune 500 firm with 1984 sales over $470 million.
MENTIONED IN THIS ARTICLE
Elyria
Robert E. Stuart
Stanadyne Inc
Moen Group
Stanadyne
Western Steel Division
Stuart
Bath
Ohio
Hammond Indiana
Indiana University
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Austin, Texas
Burger King
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House Dairy Subcommittee
Block
Fisher Guide
General Motors Corp
Mahoning County
Millie Waite
Ron Shobert
General Motors
C-T
John Kenney
Virginia
Fairfax
Annette Tapert
Times Books Inc
2Nd St
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Bay Amer-Wash Mutual
Dregus Fidelity Puritan
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Mass Fin
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Norwest
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Thade
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Tenxtory Bows Agditsmn
Fat Exta Com
Heat Exchange
Cook Ra
Old Bt
Lorain Rd
North Ridgeville
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Lass LM Ee TS
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