Elyria home debuts in HBA Parade of Homes preview
Lorain County Home Builders Association showcased a three bedroom all electric ranch at 105 Creekfield Elyria. The model highlights styrofoam insulation from footers to top plate and a stone fireplace with two warm air fans. Ray Martinez of Ohio Edison and Doug Ryals of Ryals Builders attended. The residence is among 10 models in the annual Parade of Homes running through the weekend.
MENTIONED IN THIS ARTICLE
Lorain County Home Builders Association
Creekfield
Elyria
Ray Martinez
Ohio Edison
Doug Ryals
Ryals Builders
Bernie Noble
Opening stocks extend Friday market drop in weak trade
New York markets slid with the Dow Jones average down 6.18 to 1200.53 in the first half hour. Analysts cited rising rates and economic slowdown fears as equities weakened, while the National Association of Purchasing Management reported September orders fell for the first time since 1982. IBM, GM, and GE shares disappeared among blue chips.
UAW Ford talks resume after GM tentative deal
UAW and Ford resume contract talks in Dearborn after GM and UAW reach a tentative agreement. Ford seeks terms tailored to its needs while GM workers vote by October 14 on their contract. Van Nuys Local 645 votes to accept both national and local contracts, ending a strike at the last of 17 locals.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
United Auto Workers Union
General Motors Corp
Ford Motor Co
Ford
Detroit
UAW
Chrysler Corp
van Nuys
Sal Mencha Ca
MCI to Raise Long-Distance Rates Next Month
MCI Communications Corp. plans to raise daytime long distance rates by an average 1.75 percent and evening night and weekend rates by an average 5 percent next month. The company cites rising expenses for local telephone switching connections and a large construction program as the cause. MCI is the nation’s second largest long distance carrier behind AT&T.
MENTIONED IN THIS ARTICLE
Washington
MCI Communications Corp
MCI
American Telephone & Telegraph Co
Stock tips praise Chrysler and Macy’s in investment letter
Ken Gerbino Investment Letter lauds Chrysler as lean and strong with break-even cut, cash per share near 17, tax loss carryforwards of 1.9 billion, potential 2.3 dividend, and little downside risk. Macy’s receives unanimous analyst praise for management, strong ROE, cash flow, and internal expansion financing. outlook expects solid earnings gains over several years.
MENTIONED IN THIS ARTICLE
Chrysler
America
Ken Gerbino
Beverly Hills
Calif
Macy’s
Ohio’s aggie bonds set stiff credit hurdles for farmers
In Columbus AP reports that Ohio’s new agricultural bond program will demand tougher credit standards than standard commercial loans. Bank One official says the plan targets the top third of farmers, with proceeds from a 5 to 10 million bond sale to finance loans who can expand or modernize operations.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
David Weber
Bank One
Mount Sterling
Fmha
Farmer's Home Administration
Weber
George Robey
Farm Bureau
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HBA Pride
Joy
Ays
New York
New York Stock Exchange
National Association of Purchasing Management
General Motors
General Electric
NYSE
American Stock Exchange
At&t
Aleeala
Dy AuRch
Chny
He & CdlAdo
Dana St
duPont
EastAwr
EsKod
Exxon
Hitachi
S Bay
JohnJn
Kmart
Mgmgr
MirHan
Tig Mattel MW Litail
NYSEG
orTel
Nortrost
Ade
OrdPet
Chiold Bs
Parson
Pfizer
Seoup
Searleg
Sears
Sperry
StOlnd
Unocal
WestgEsl
Alltel
AMF Inc
AmerShip
Cleveland
Elec HI
Emerson Broscott
Fruehaut
Goodrich
Industries
Lear Siegler Ae
Lorain
Midland-Ross
Hata Gypsum
Parker Hanmiin
Smucker
Sybron
Texas Abhilles
Toledo Edison
We Trw
Walco
Woolworth
Dick Davis
Knight-Ridder Newspapers
Macy's
Wall Street Transcript
Joseph Ellis
Goldman, Sachs
Thomas Farley
Salomon Brothers
Macy
Jerome Ruff
Smith Barney
Jeffrey Feiner
Merrill Lynch
Stewart
Mid-Ohio
LORAM
Liberty Mutual
Liberty Mutual Insurance Company
Detroit Rd
Westlake
Serum Sect
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