Chrysler hits billion dollar credit line milestone in revival
Chrysler Corp. secures a line near one billion dollars that could reach twelve billion, signaling banking confidence as it nears its June meeting in New Orleans. Banks extended credit ahead of need, easing access for future borrowing amid a years long slump and improving but still speculative ratings. Analysts forecast cash on hand topping two billion and a substantial 1984 profit.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Chrysler
Wall Street
New Orleans
Backers seek to reopen Ironton Malleable Iron plant
Ironton Malleable Iron Co has filed for incorporation with Ohio’s secretary of state and backers linked to United Steelworkers Local 3664 seek to reopen the Ironton Division of Amcast Industrial Corp in Dayton. Amcast employed about 600 at the start of the year before losses and layoffs began in February.
MENTIONED IN THIS ARTICLE
Ironton (Ap
Ironton Malleable Iron Co
Oho
Ironton
Amcast Industrial Corp
United Steel Workers Local 3664
Dayton
Ironton Division
Dayton Malleable
Amcast
Carr
Lawrence County Community Action Organization
Keith Mollihan
Sronton
Opening stocks rise as traders return from holiday
New York prices opened higher as investors returned from a three day holiday week end. The Dow Jones average climbed to about 1,108 after the first half hour while gains edged ahead of losses on the NYSE. Volume reached around 78.19 million shares as traders watched financial prospects for banks and rising rates.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Persian Gulf
Wall Street
NYSE
American Telephone and Telegraph
Standard Oil Co
Indiana
General Electric
Dow Jones
American Stock Exchange
Washington
Federal Reserve
White House
Federal Reserve Board
Steinberg Eyes Disney Control Amid Arvida Pact
Saul Steinberg's Reliance Financial Services may pursue control of Walt Disney Productions after objecting to Disney's plan to buy Arvida Corp. Steinberg holds 12.1 percent of Disney shares and faces dilution from the $200 million stock swap. Reliance contemplates takeover options such as a tender offer or proxy fight. Disney declined to comment. The report also notes Federal Reserve tightening and Air Florida seeking a $5 million GECC loan to avert debt default.
MENTIONED IN THIS ARTICLE
Burbank
Calif
Saul Steinberg
Walt Disney Productions
Disney
Securities and Exchange Commission
Steinberg
Reliance Financial Services Inc
Arvida Corp
Florida
Reliance
Arvida
Irwin Okun
Boat Pad opens new Lorain facility with sailing services
Ron Van Wagnen of The Boat Pad at 3747 Colorado Ave Lorain poses atop a sailboat at the new facility. The Boat Pad features a 145 by 175 foot steel building offering inside storage hoisting and hauling up to 1030 tons year round outdoor storage for small boats and RVs 40 warm weather docks engine and hull work retail parts and accessories chartering service a sailing school and boats for sale.
MENTIONED IN THIS ARTICLE
Ron van Wagnen
Colorado Ave
Lorain
C-T
Gus Chan
Also Mentioned on This Page
New York City
CCC
Richard Carr
Ironton Casting Corp
Mark Malone
Dsouth Point
al Dietzel
Keith Mullihan
Mullihan
CPC Inter Ine
Sh Pierre Ft, Sith Co
Lordson Ute
Emerson Ohio Edison Rey Acme Cleve
Excello
Warker Hannifin Wie
Allied Corporation
Fruebauf
Jw Smucket Nv
Allie
Goodrich
Ssbron
Ine
Vala
TC Industries
AD Texas
Ulities
Lear Siegler
Toledo Edison
Amership
Lorain Bancorp
TRY
American Standard
Midland-Hoss
Walco
Cleveland
Elec
Isu Woolworth
Miami
Air Florida
General Electric Credit Corp
Robin Cohn
Miami Herald
Fort Lauderdale News
GECC
THE
ROYAL
Royal Business Equipment
Cleveland St
Elyria
Lerain
Central Trust
Centraline
Central Trust Company
Your Financial Center
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!