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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 06, 1989
Page
5
New York AP report highlights that housing prices surged from the late 1970s through 1980s with higher medians for existing and new homes. It notes buyers trade up as homes gain features like central air, multiple baths, and larger square footage, while living standards and technology have advanced compared with 1940 conditions.
Car and truck sales from Chrysler, GM and Ford fell or rose in late February. Chrysler and GM posted large declines of 30.7 and 25.4 percent respectively, while Ford edged up 0.4 percent for the Feb 11 28 period. Mexico said crude exports will drop 5 percent starting April 1 in a coordinated effort with other producers to buoy prices.
Time Inc and Warner Communications executives say their 18 billion merger will create the world’s largest media conglomerate. The deal pairs Time’s magazine, HBO, Cinemax, and cable interests with Warner Bros, Warner Bros TV, and Warner Cable, aiming to merge cable operations as a major step in forming Time Warner Inc.
Tokyo share prices fell with the Nikkei index dropping about 168 points to 31,832 at midday as speculation grew that Japanese rates may rise. The dollar weakened to 127.63 yen while traders awaited U.S. unemployment data and banks noted seasonal year-end rate increases.
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