Blue chips pace early gainers in mixed stock market
New York stocks opened modestly higher with blue chips leading gains alongside oil and paper issues while auto stocks fell. Dow rose 5.53 to 1222.73 in the opening half hour as NYSE activity showed near even advances and declines after Monday's Dow drop.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Norway
Britain
Nigeria
Organization of Petroleum Exporting Countries
NYSE
Exxon
Mobil
Sony
General Motors
Alvan
Alcoa
Boeing
Boisec
Burr
ClevEl
Coleco
Comdre
EsKad
Alia Alee Fednm
Fincpa Py
Goodyr
Halbtn
M Hanna
HewlPk
Bat Hitachi
Boawhs
Ioterco
IBM
Acne
AtlanteRichid
BeldoBlekEnrgyee
Citzuhib AS
ConairCorp
DetrexChem
EataVneeCp
Fullrhbco i
Gafcorp
Uso GrtAmFstSvBe
MayilwrCorp
MidestFrelerp
SthegisCp
SwstnselSve TexacoCda
UnionCrideCda
ViedeFroce
Alltel Gains FCC OK for Charlotte-Gastonia Cell System
Alltel Cellular Associates of the Carolinas receives FCC approval to build a cellular mobile radio network in the Charlotte Gastonia area. Alltel Mobile, a subsidiary of Alltel Corp, will operate the 5 million system as part of a broader expansion. The technology aims to boost automobile based and paging system communications across multiple markets including Youngstown Warren and Greenville Spartanburg.
MENTIONED IN THIS ARTICLE
Hudson
Alltel Corp
Federal Communications Commission
Charlotte-Gastonia
N.C
Alltel Cellular Associates
Carolinas
Richester
Syracuse
N.Y
Greenville-Spartanburg
S.C
Cellular
Volcker's price stability standard and U.S. outlook
The speaker cites Paul Volcker's definition of price stability as money value confidence for planing. He argues current conditions show uncertainty from high deficits and rates, noting past stability in the 1960s and inflationary 1970s borrowing. He warns continued oil price drops and deficits threaten stability, while monetization could inflate.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Paul A. Volcker
Volcker
Vietnam
OPEC
FDIC chief says banking rules are hopelessly out of date
FDIC Chairman William M. Isaac warned at the ABA convention that the U S bank regulatory system is hopelessly out of date and predicted more than 75 U S bank failures this year with 66 failures already tallying in 1984 He urged Congress to grant broader powers to the agency and criticized limits on examinations noting Continental Illinois near failure exposed gaps He warned of ongoing loan problems in agriculture real estate energy and cautioned that nationalization could be a distant possibility but he did not intend to pursue it as policy
MENTIONED IN THIS ARTICLE
Federal Reserve
Volcker
Congress
Chicago Tribune
New York
Federal Deposit Insurance Corp
FDIC
U.S
William M. Isaac
American Bankers Association
Isaac
Federal Reserve System
Continental Illinois National Bank & Trust Co
Chicago
Continental
Marshall Field returns to newspaper business with Pioneer Press buy
Marshall Field’s Field Corp signs a letter of intent to acquire Time Inc’s Pioneer Press chain of Wilmette based suburban Chicago weeklies. Pioneer publishes 30 weeklies with about 163 000 total circulation and a quarterly magazine Q. Sale price estimated at around 25 million. No real estate included.
MENTIONED IN THIS ARTICLE
Chicago
Marshall Field
Pioneer Press
Time Inc
the Field Corp
Pioneer
Wilmette
David C. Simonson
T Bill rates drop for 7th consecutive week
Washington AP reports yields on short term Treasury securities fell for the seventh straight week in Monday auctions. The government sold 13.2 billion in new securities with three month bills averaging 9.54 percent discount and six month bills at 9.57 percent, both lower than the prior week.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Also Mentioned on This Page
Blue Chips
Columbus
Seca Ara Sem
Midwest
Lorain Farm Bureau Cooperative
Ieee Grain
JobnJn
Kmart
LTV
Ise Lik Lilly
Lowes
RCA
Revco
RioGran
Reylo
Schimle
Schimb
AL Sears
Bet Shrwin
SonyCo
SouthCo
Valero
Wrotts
Wunion
Ammer
Wash
Alltel
Bill Neikirk
Victoria
J.R. Dal Byria
Marilyn Hamb
PPG
Simonson
Field Corp
Field
The
Chicago Sun-Times
Corporation
Adier-Roya Business
Machi
Plagento
Royal Business Equipment
Lorain
Elyria
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