Fed watchers weigh inflation risk as Fed hints slow rate relief
Washington AP reports economists worry inflation pressures could rise despite ongoing recovery efforts. Fed policy makers meet behind closed doors to review strategy with no major changes expected, while Greenspan warns inflation risks and mortgage rates drift toward higher levels. If growth strengthens, tighter credit could follow later this spring.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Federal Open Market Committee
Alan Greenspan
Congressional
Greenspan
Fed
U.S
Home State costs may hit 5.5 million dollars
Columbus AP. Ohio Attorney General Celebrezze says Home State Savings Bank case costs could reach 5.5 million as of mid February. He plans to work with Gov. Celeste and legislative leaders to secure 450,000 more for Kane's Cincinnati office, though a budget tweak was rejected earlier.
MENTIONED IN THIS ARTICLE
Columbus
Home State Savings Bank
Anthony J. Celebrezze Jr
Richard Celeste
House
Vern Riffe
Drew Boston
Senate
Paul Gillmor
Port Clinton
Lawrence Kane
Cincinnati
Celebrezze
Kane
House-Senate
Firestone workers relocate to Chicago may get large severance
Firestone employees who moved from Akron to Chicago could receive up to 35000 dollars in severance if laid off within two years after Bridgestone takes control. About 200 staff and middle managers relocated. 150 had accepted the move. Bridgestone’s 2.6 billion takeover goes to shareholders on April 25 in Chicago.
MENTIONED IN THIS ARTICLE
Akron
Firestone
Chicago
Bridgestone Corp
Securities and Exchange Commission
SEC
Bridgestone
Federated lines up $1.2 billion credit facility
Federated Department Stores says it secured a $1.2 billion credit line with a bank consortium led by Manufacturers Hanover Trust to refinance short-term debt and cover tender offer costs amid the Macy’s Campeau takeover battle. The facility, secured by retail receivables, is due by March 22 1989 or upon merger. Federated operates 650 stores in 36 states and posted $11.1 billion in sales last year.
MENTIONED IN THIS ARTICLE
Cincinnati
Federated Department Stores Inc
New York
Federated
Dollar slips to three month low against yen in Tokyo
The dollar closed at 124.43 yen, down 1.31 from Friday, after opening at 124.60, marking its lowest level since January. BOJ intervened briefly to steady the dollar at about 124.40, buying an estimated 100 to 200 million dollars. The Tokyo Stock Exchange rebounded, with the Nikkei index up 301.99 points to 25,622.71 as investors positioned for the new fiscal year.
MENTIONED IN THIS ARTICLE
New York
John
Ralestian Towbagteng
Lilly
Atnrich
Marion
SPA Anbeus
Mobil
Navistr NiSami
We NewsCp
PacTel
BethSdl
Uf Patten
Boeing
PepsiCo
Bowalr
Baty Bkiyub
Disney Ag
Texaco Tandy
Teinova
Benetch
Wdia
Unisys
Gillete
IuPont
Tokyo
Kobayashi
Tokyo Stock Exchange
Goodyear weighs Ontario tire plant amid Canadian site talks
Goodyear Tire and Rubber Co and Akron Mayor Don Plusquellic say no final decision has been made on a plan to build a 300 million dollar plant in Ontario. The company notes potential North American capacity needs and ongoing discussions with other parties while Ontario land options reportedly expire May 1 near Napanee.
MENTIONED IN THIS ARTICLE
AKRON
Goodyear Tire & Rubber Co
Don Plasquellie
Ontario
Canada
Goodyear
Financial Post of Toronto
Dennis W. Rich
Napanee
Toronto
Montreal
Plusquellie
Ohio
Also Mentioned on This Page
David Seiders
National Association of Home Builders
Federal Home Loan Mortgage Corp
Seiders
Allen Sinai
The
Boston Co
Central Bank
Ray R. Romero
Neurology
East Broad St. Elyria
Tiremaker
Bob Troyer
Japan
Taeko Kobayashi
Bbank of
Bank of Japan
Goodyear Ponders
Pierre R. Smith & Co
Acme Cleve
LNB Bancorp Sie Allied Corporation
Lesco Inc
Alltel
Nordson Ar Am
American Standard
Ohio Edison Northern Savings 1844
Center For
Parker Hannifin Cpc Inter, Inc
Smucker Fl
Emerson
Sunrise Medical First Bancorp
Te Utilties
Goodrich Ary
LC Industries
Hey Woolworth
F.W
Invacare BY
York International
LCB Bancorp
Robert Demby
Century 21
Demby Inc
Realtors
Middle Ave
Elyria
Royal Business
Cleveland St
Lorain
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