Business chiefs forecast sluggish growth in 1985 and 1986
U S business leaders at the Business Council spring meeting in Hot Springs Va warn of slow recovery due to foreign competition and large budget and trade deficits. They forecast 3.1 percent growth in 1985 and 2.2 percent in 1986, with 7.0 7.2 percent unemployment and inflation around 3.9 to 5.0 percent. The group favors tighter federal deficits to curb the strong dollar and trade imbalance.
MENTIONED IN THIS ARTICLE
Hot Springs
U.S
Business Council
Reagan
Interre
Edmund T. Pratt Jr
Pfizer Inc
Ing
Congress
United States
Tion
U.S. stocks rise on rate hopes and budget cuts progress
The Dow gains as investors price in falling rates and a Senate vote on a 295 billion three-year spending-cut package. TWA climbs on news of Carl Icahn's 20.5 percent stake while bond prices rise as rates fall. Agricultural listings follow with Kidron Auction notes and mixed livestock prices.
MENTIONED IN THIS ARTICLE
New York
Senate
House of Representatives
Trans World Airlines
Carl Icahn
Metal Prices Move Across Cattle and Commodities Fronts
Market wrap reports cattle quotes for steers and heifers with ranges from 3850 to 852 and 40 25 to 4750 while fat cows and feeder cattle show varied bids. New York Comex closes list precious metals with gold at 31300 per troy ounce and silver 6222 per troy ounce with aluminum copper lead zinc tin mercury and platinum priced across midrange figures.
MENTIONED IN THIS ARTICLE
New York
Saturn plant site delayed until UAW contract settled
GM will announce Saturn plant site only after a labor pact is in place, says UAW Vice President Ephlin. Saturn will join a $5 billion, 6,000-employee mega project with GM to build subcompact cars beginning 1989 or 1990, amid governors’ competition for the site.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Saturn
United Auto Workers
Donald Ephiin
Saturn Corp
William Hoglund
Hoglund
Ephlin
UAW
Eohlin
U.S
Magnet Bank to acquire Anchor Savings in Hillsboro Ohio
Magnet Bank of Charleston West Virginia to acquire Anchor Savings & Loan Association of Hillsboro Ohio. Anchor, a state chartered thrift, is restricted to limited withdrawals during Ohio S&L crisis rules and has been promised 500000 from the states Savings & Loan Assurance Corp to aid federal insurance qualification, a figure now reportedly unnecessary. The merger will involve stock exchange and Anchor's board had rejected twelve prior offers before a Magnet visit convinced leadership. Depositors are promised better service and broader financial options post merger.
MENTIONED IN THIS ARTICLE
Hillsboro, Ohio
Anchor Savings & Loan Association
Magnet Bank of
Charleston
W Va
Anchor
Ohio
S&l
Savings & Loan Assurance Corp
Federal Deposit Insurance
George McGuire
Magnet
Also Mentioned on This Page
Edward G. Jefferson
DuPont Chemical Co
Canada
Mexico
Japan
Akio Morita
Sony Corp
Big Board Trading
Dow Jones
Kidron Livestock
Kidron
Kidren
NYSE
Ts Amd
AMI
At&t
Ay Aurich
Avon
Ry BokAm
Iy BaatTr
Beverly
Pierre R Smith & Co
Acme Cleve
Iale Aled Corporation
Alltet Amf Inc
AmerShip
American Standard
LOB Bancorp
Bancorp
Lesco Iic
Midland-Ross WF
National Gypsum
Boeing
GiSatiba Bowatt
Britt
Brwn
CIGNA
asuiCk Giy
Digital
EastAir
Bss Bay EsKod
Ah Eckerd
Gmoi Ar
Bets GaPae
Ty Ginnk
Hewick
Hanwell
Houng
Kmart i
RalsPur
Katvin
Rasthn
Ad Tn
Kroger
Revlon
Reynin
Tt Lockhd
RusTog
MirHan
Ryder
Masco
Bat Schimb
Bat SouthCo
Sperry
tSemr
SCO
Sa NorTel
St A WenCra
Parkh
PepsiCo
Ay WilmEl
QuakOst
RCA
OF Business
Elyria
Lorain Bank
Middle Ave
P.O
FDIC
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