Baldrige sees stronger year ahead for home building
Commerce Secretary Baldrige predicts recovery as inflation and rates ease. A Commerce Department report shows 66 percent rise in September housing construction over August, while overall construction spending slipped 0.2 percent. GE plans a Louisville plant shutdown affecting over 10,000 workers due to weak appliance demand.
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Commerce
Malcolm Baldrige
Commerce Department
General Electric Co
Louisville
Baldrige
De Lorean firm loses assets amid settlement deal
Detroit based De Lorean Motor Co faces loss of base assets after Ohio Consolidated International acquires 649 cars and 1,094 in Northern Ireland under a 1.25 million settlement. The deal lets Consolidated distribute 25k stainless steel cars in the United States as the company files Chapter 11 to repay more than 700 creditors. John DeLorean was released from a California detention center after Friday drug trafficking charges.
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de Lorean Motor Co
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Northern Ireland
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Sol A. Shenk
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Shenk
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George Woods
Lawrence Snider
Snider
Michigan
Bloomfield
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Joseph Radom
de Lorean Motor Car Ltd
Schenk
John 2
Ge Lorean
California
Harvester Sells Construction Equipment in Major Move
International Harvester completes a 100 million sale of its construction equipment unit to Dresser Industries, broadening cash flow and refocusing on core truck and farm equipment. Assets include plants in Libertyville Illinois Jil Candiac Canada Heidelberg West Germany and a Broadview Indiana parts facility. Dresser will run the unit as International Hough Division with a nationwide sales and service agreement for Harvester models.
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Louis W. Menk
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John V. James
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Stocks rise broadly as Dow passes 1000 on gains
New York stock prices opened higher led by electronics and drugs with the Dow Jones index climbing to 1014.72 after about 20 minutes of trading. Transportation utilities and consumer stocks also rose as analysts cited optimism for a broader economic recovery though election uncertainty restrained volume.
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Mterestitesell
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New York Stock Exchange
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Creston Livestock Auction Sales Totals 355 Consignors
Creston Livestock Auction saw 355 consignors move 5,147 head Monday. Calves ranged 11 to 70, with 235 calves, hogs and shoats also listed. Cattle included choice steers around 57 to 98, good cows at 46 to 92, and feeders at 33 to 94. Pigs, sows, and bull calves accounted for remaining lots amid varied price ranges.
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Creston
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