Auto recovery rolls along in mid October car sales dip
In mid October U S built car sales by the Big Three totaled 196,040, down 14.5 percent from last year as 1980 model introductions weighed on results. GM and Chrysler posted smaller declines while Ford dropped sharply. Indefinite layoffs fell for the first time since spring, with overall factory headcount easing across the four major automakers.
MENTIONED IN THIS ARTICLE
Detroit
API
U.S
Auto Industry
Ford Motor Co
General Motors Corp
Chrysler
Ford
Fannie Mae Cuts Mortgage Refinance Rate
The Federal National Mortgage Association introduces a new refinancing program effective Nov. 10 allowing buyers of existing homes with Fannie Mae owned mortgages to obtain a conventional loan at 12 percent, below current market rates, by putting 5 percent down on a 75 000 dollar home with 45 000 dollar existing debt. The plan shifts low yield loans out and replaces them with a 12 percent loan to close the gap.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal National Mortgage Association
Fannie Mae
Board
Caution Urged on Reindustrialization by AJC Expert
Cleveland reports economist Sar A. Levitan warns that reindustrialization urged by policy makers must not hurt the bottom economic tier. He spoke to the American Jewish Committee outlining cautious tax reforms and avoiding speculative investments while boosting productive investment and technology adoption.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Sar A. Levitan
Domestic Affairs Commission
American Jewish Committee
Levitan
George Washington University
Center For Social Policy Studies
AJC
National Executive Council
Goodyear Posts Record Third Quarter Profits
Goodyear Tire & Rubber Co reports record 1979 third quarter profits of 58 million dollars, up from a 4.4 million loss a year earlier. Nine month earnings reach 151.8 million, driven by international sales and cost adjustments tied to the Los Angeles plant closure. Domestic tire and chemical segments lag.
MENTIONED IN THIS ARTICLE
Akron, Ohio
UPI
Goodyear Tire & Rubber Co
Goodyear
Los Angeles
Pilliod Jr
United States
Detroit
Lorain County Savings & Trust Co
Robert T. Bowman
Bowman
Bowne
Eaton to Build Valve Plant in Belmond Iowa Expansion in Kearney
Eaton Corp announces a new 130000 square foot engine valve plant in Belmond Iowa 90 miles north of Des Moines scheduled for April 1982 with up to 250 jobs. Kearney Nebraska plant will expand 20000 square feet to produce precision forged gears. Belmond investment about 10 million and Kearney about 3.7 million.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Eaton Corp
Belmond
Iowa
Des Moines
Eaton
Kearney
Neb
Eaton Group
William E. Butler
Gambling growth: You can bet on it in Nevada
Nevada's gaming industry remains a stable major revenue source despite national economic woes. Fiscal 1979-80 revenues reached 2.28 billion dollars, with growth slowing to 12-14 percent this year as casinos pour more into bus tours, junkets, and promotions to attract and retain customers.
MENTIONED IN THIS ARTICLE
Reno
UPI
Nevada
Ben Hathaway
Red Garter
Inia City
Stratton
Jack Belofsky
Sahara-Reno
Horseshoe
Las Vegas
Sahara Clubs
Lake Tahoe
Grain prices in Ohio after markets close
UPI reports average cash grain prices paid to farmers by Ohio elevators in main marketing areas. No. 2 wheat around 4.50 per bushel, shelled corn near 4.20, regional figures uncertain due to garbled OCR but show wheat and corn pricing trends in Northeast and Central Ohio.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Prices Open Lower After Kosygin News Hit Dow
New York stocks opened lower as 920 NYSE issues traded with declines leading advances. The Dow fell slightly to 938.30 amid a 1 percent September price rise and renewed inflation concerns after Kosygin's resignation news.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
NYSE
Alexei Kosygin
Kidron Auction Delivers Steady Hog Market and Strong Cattle Prices
Harvest weather boosts consignments but keeps them lighter for this period. Market hogs stay near last week. feeder pigs reach $30 and shoots $44.50. Back-to-the-farm Holstein and heifer calves hold steady amid strong dairy demand with cows $51.50–$54 and dairy cattle values rising to $1,400 for good cows, $1,330 for heifers. A top registered Holstein service-age bull peaks at $1,075.
MENTIONED IN THIS ARTICLE
Kidron
County grain cooperative market prices posted at close
The county grain cooperative association lists local grain bids at closing: shelled corn 4.47 per bushel oats 1.95 per bushel soybeans 8.13 per bushel and other small grains.
Agricultural market notes and metal prices in New York
The report lists livestock prices for butter eggs hogs calves cattle sheep and goats with varied price ranges. It also covers dairy cattle and feeder cattle values alongside a section on nonferrous metals with copper tin aluminum gold mercury and platinum price quotes from New York markets.
MENTIONED IN THIS ARTICLE
New York
N.Y
Handy & Harman
Also Mentioned on This Page
American Motors Corp
Volkswagen of America
Robert D. Burger
Philip E. Benton
Ford Division
Automakers
Chrysler Corp
San Jose
Calif
Kenosha
Wis
AMC
FNMA
Bank Board Loan
Charles J
Butler
Battle Creek
Mich
Bank
Business News
Robert Penick
Jack Stratton
Gaming Control Board
Tom Engelman
Mgm Grand Reno
Pam Carter
the Sands
Bob Martin
Harrah's
Martin
Belofsky
Caesar's Tahoe
Three Saharas
Colgate
Phil Petrol
Columbia Gas
He Cm Edison
Procter
Rockwell
He DaFont
Eastman Kodak
Sperry Rand
Exxon
Ford Motor
Gen Motors
Yi ‘Us Steel
Pierre
American Machine
Kidron Livestock
wsSnSe Halle Husoneses
Thorses Total
Gonigen Ee
Ark Balto
Coban
TAO
Sid Pacific
Bates
Poyebie
Fate
Business Builder
Star Building Systems
Star Builders, Inc
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