Chrysler posts October profit amid high rate pressures
Chrysler Corp reported its first monthly profit since 1978 in October aided by K car sales but warned that higher interest rates threaten fourth quarter profits. Lee Iacocca said early November demand was weak and dismissed fears of a $300 million fourth-quarter loss, citing rising rates as the main problem.
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Detroit
UPI
Chrysler Corp
Lee A. Tacocca
Automotive News
Iacocca
Chrysler
Jacocca
Labor resists fear as robots enter U S plants
Unions show limited alarm as automation grows. UAW supports retraining rather than job loss, while experts predict gradual, knowledge-based shifts. With only about 3,000 robots in use and monthly production near 100, the transition emphasizes upskilling in maintenance and skilled trades.
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Ford
Big Mahway
N.J
UAW
Charlie McCarthies
Dick Martin
Martin
Jules Mirabel
General Electric
Dennis Wysnoski
Air Force Aerospace Industry
ICAM
U.S
Automation and jobs debated by industry leaders
Industrial robotics pioneer Joseph Engelberger argues automation raises living standards and productivity, citing telecommunication and elevator tech as examples. Ford and UAW officials discuss retraining, skill needs, and equitable job shifts as robot use grows, while Worldwatch Institute notes potential “jobless growth” and possible shifts to the tertiary sector.
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South
Joseph Engelberger
Animation
UAW
Martin
Ford
Worldwatch Institute
Colin Norman
Norman
Stocks Open Higher as NYSE Trading Begins
New York stocks started up with the Dow Jones index edging ahead 0.85 point to 979.60 after a 11.18 point drop on Monday. The tape showed 318 advances to 295 declines among 924 issues, with about 2.6 million shares traded in early action.
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New York
UPI
New York Stock Exchange
Standard & Poor
S&p
Metal price roundup and farm market notes from New York
A snapshot of spot metal prices including copper lead zinc aluminum and precious metals with quotes from Handy & Harman and NY sources. Also notes on Poultry farm prices, USDA dairy and egg price reports from Cleveland Chicago and Midwest markets, with wholesale egg prices varying little to down.
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New York
Odin
Handy & Harman
Waly Danly
Handy & Harmen
USDA
Buster
Chicago
Midwest
Market grain prices from Lorain County Farm Bureau Coop
Yesterday's closing market prices show Wheat at 4.77 per bushel, shelled corn 3.33, oats 2.00, and soybeans 8.56 per bushel. Ohio regional prices listed include No 2 wheat 4.68, No 2 shelled corn 13.34, No 2 soybeans 4.4, and various regional entries with noted declines and inconsistencies in the report.
MENTIONED IN THIS ARTICLE
Ohio
Merrill Lynch's Advice On Undervalued Stocks
Merrill Lynch presents a list of 32 unrecognized values in today’s market. The foreword notes broad market gains since spring lows and warns investors to verify price changes before acting. Named stocks include Albertsons Arizona Bank Best Products and Crown Cork and Seal among others.
MENTIONED IN THIS ARTICLE
Merrill Lynch
Albertsons
Arizona Bank
Baldwin United
Best Products
Cabot Corp
Church’s
Fried Chicken
Control Data
Crown Cork and Seal
R.R. Donnelley
Family Dollar
Golden West Financial
G. Heileman Brewing
Host International
Lear Siegler
Lennar Corp
Litton Industries
Mission Insurance Group
Morrison Inc
Washington State
Pay N Pak Stores
Pay 'N Save
Pennzoil Co
Pitney Bowes
Southwest Air
Sperry Corp
Trinity Industries
United Energy Resources
U.S Air
U.S. Bancorp
Valley National Bank
West Company
Whittaker
Zurn Industries
Anna Merjos
Merril Lynch
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