Chrysler weighs new rebate plan amid cash squeeze
Chrysler Corp studies a near universal $200 per vehicle rebate on most 1980 models and up to 25,000 1979 units to raise at least $100 million. A new $500 million stock issue and other measures could help meet a $15 billion loan guarantee while the company posts a quarterly loss.
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Detroit
UPI
Chrysler Corp
No 3
Chrysler
No 8 Automaker
Auto Company
Detroit News
Citizens Home Savings to Open North Ridgeville Branch
Citizens Home Savings will open a new North Ridgeville branch at 34385 Center Ridge Road on November 15. The facility features five teller stations three drive bays and a conference room with a 9 a.m. ceremony attended by Mayor Richard Carte and bank president Howard J. Fischer. Dick Ambrose of the Cleveland Browns, along with teammates Gerald Irons and Doug Dicken, will visit on November 16 and 17 respectively, with prizes for attendees.
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Pitts Boulevard
Nuclear power urged to avert 1990s electricity slump
San Francisco based report by EPRI chief Chauncey Starr warns the United States faces a grave electricity shortage in the 1990s without expanding nuclear power. He notes expected growth in demand, limited gains from coal and water power, and limited potential for solar geothermal and wind before nuclear fills the gap.
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San Francisco
UPI
Chauncey Starr
Electric Power Research Institute
Palo Alto
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Starr
EPRI
United States
Stock prices ease on weak economy worries
New York trading opened with declines as the Dow Jones industrial average fell to 81.89. BankAmerica rose to 25, Mobil slipped to 49, Occidental Petroleum dropped to 23, and CIT Financial slid to 58. Amid calls for a possible recession, analysts cautioned the downturn may deepen and last longer. The market showed more declining issues than advancing ones on the New York Stock Exchange. Remarks on highway license plates aside, the piece notes the 50 states and their people.
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New York
New York Stock Exchange
Bankamerica
Mobil
Occidental Petroleum
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