New federal bumper standards raise repair cost concerns
A study shows 1973 model bumpers must survive 5 mph front and 2.5 mph rear impacts with no damage to safety items. Parts costs rose sharply across GM Ford Chrysler lines, with GM often highest. Liberty Mutual reports similar results and some insurers plan lower rates for compliant cars.
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Washington
Insurance Services Office
New York City
Motor
General Motors
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Liberty Mutual Insurance Company
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National Tea prospects damp despite high dividend yield
Investors weigh a 2 year tow price on National Tea as per share earnings plunge in the June quarter to far below the prior year while sales slip 1.7 percent. The firm runs 872 Midwest and West supermarkets with some 240 Chicago area stores converted to discounting, and the Rare Drug division shows higher profit potential.
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National Tea
Midwest
Chicago
Rare Drug
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T.T
Champion International
U.S. Plywood
Champion Paper
Champion 15A
Drexel
Heritage
Champion
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