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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 11, 1996
Page
7
Dear Bruce advises that a daughter who graduated college in 1986 and now earns 30,000 while owing 50,000 should start paying rent to her parents to ease family strain. The column notes the borrower’s aim to clear debt quickly and cautions against parental support during repayment.
Knight Ridder Inc is negotiating to sell its 50 percent stake in TKR Cable Co to partner Tele-Communications Inc The Wall Street Journal reported the deal could value the venture at nearly 600 million dollars.
New York stocks stabilized at the opening as the Dow slipped only slightly from Friday's 171.24 point drop, while bonds fell further amid cautious sentiment. Analysts say a volatility period may follow but unlikely a repeat of the 1987 crash, with traders watching rates and job data for clues.
Tokyo equities fell about 1.8 percent as the Nikkei closed at 19,796.29 after a 359.58 point drop, with volume around 320 million shares. Traders cited fears of U S. rate policy and a housing lenders bailout impasse, while the dollar weakened against the yen and Bergsten predicted further yen gains.
The weekend produced no progress in a Delphi brake plant strike affecting about 34 000 GM employees. Union leaders said talks could resume, while GM warned the longer the stoppage lasts the more plants may close. Details list plant-wide job losses across multiple sites in North America.
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