Wall Street split on market's vulnerability
Wall Street divided as insiders scandal fears spark debate on market weakness while many blue chip stocks rebound from prior losses. Dow rises 9.42 to 1826.63 as takeover fears fade, but Drexel Burnham Lambert SEC probe weighs on sentiment and new hard data push analysts to reassess fundamentals.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Dow Jones
Washington
Ivan F. Boesky
Boesky
Metal prices and grain bids from New York markets
Closing Comex prices report GOL at 387.99 per troy ounce and SILVER at 5.460. Spot nonferrous metals show ALUMINUM 48.55 cents, COPPER 64.4 cents, LEAD 27.42 cents, ZINC 47-50 cents, TIN 3.8687, MERCHANT includes PLATINUM 526-530. Grain bids close with Wheat 2.41 per bushel, Shelled Corn 1.61, Oats 1.10, Soybeans 4.71 per bushel.
MENTIONED IN THIS ARTICLE
I York
Ieb
Lowlaston
At&t
Amoco
BM Burgh
Chase
Daniel
Itals
duPont
Slu
GaPac
Te Hansen
JobnJn
Kmart
Lilly
Lockhdl
Ag Ao
Loews
Megrh
Merck
Merl
Mobil
Monsen
Motorla
Va Swahl
Texaco
Transco
Trowld S
Wstg
Pierre R. Smith Co
Acme Cleve de Allies Allied Corporation AY
American Standard AmerSiap
CPC Inter. Inc
Emerson
First Bancorp
Fruehaus
Goodrich
LC Industries
Invacare
Lear Siegler
LCB Bancorp
LNB Bancorp
Lesco Inc. H Nord
New York
Lorain County Farm Bureau Cooperative Association, Inc
Talks continue in Delco strike as GM idles 16700 workers
General Motors furloughed 16,700 workers across three states and warned of a possible full shutdown if the Delco Electronics strike in Kokomo persists. Talks to end the Delco dispute with United Auto Workers Local 292 resumed, with sub contracting and radio production transfers to Mexico cited as key issues affecting 900 Kokomo jobs.
MENTIONED IN THIS ARTICLE
Delco
Detroit
General Motors Corp
Indiana
Delco Electronics
Kokomo
Roger B. Smith
United Auto Workers
Mexico
Oil price outlook: $20 a barrel by 1991 study says
An International Energy Agency official projects oil could reach $20 a barrel by 1991 with potential to hit $35 by 2100. The report also suggests OPEC may not regain much market share until the late 1990s as non-OPEC output shifts and demand grows.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
International Energy Agency
OPEC
Vienna
Austria
Iran
Libya
Geneva
Paris
Agency
United States
Canada
Britain
Norway
Mexico
China
Malrite reports record third quarter revenues despite net income dip
Malrite Communications Group Inc reports 27 million in third quarter 1986 revenues, up 28 percent from a year earlier, while net income falls to 29 thousand. The nine month results include a 1.3 million prepayment charge, with gains from radio station sales affecting year over year comparisons.
MENTIONED IN THIS ARTICLE
Cleveland (Ap
Malrite Communications Group Inc
Milwaukee
Rochester
Malrite
Wluz-Tv
Puerto Rico
Also Mentioned on This Page
Manuel Johnson
Federal Reserve Board
U.S
Johnson
Bobsky
Drexel Burnham Lambert Inc
SEC
Federal
Grand
Drexel
Peter J. Canelo
Bear, Stearns & Co
WMMS
Los Angeles
San Francisco
Milton ,Maliz
Maltz
KLACA
Kzla-Fm
Kkht-Fm
Houston
Plymouth
Sundance
Chrysler
Abraham Soci Ser Pee Ee Kid Pat
Centel
Diane George
Ons
Lorain Area
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