Panel urges shifting investment from homes to new tech
Washington panel warns that Americans overinvest in housing and underinvest in high-wage tech. It calls curbs on home mortgage deductions, caps on equity loan deductions, and reforms to capital gains and pension funding to promote long-term investments and innovation.
MENTIONED IN THIS ARTICLE
Robert Denham
Salomon Brothers Inc
Council
Denham
Congress
Porter
U.S
Japan
Germany
Pension and Mutual Funds
Invacare to acquire Swiss wheelchair maker Paratec AG
Invacare Corp will buy Paratec AG and related shares from Rainer Kuschall for cash and stock. Paratec, with about 7 million dollars in 1995 sales, is renowned for design and tech and will complement Invacare’s manual wheelchairs. The deal requires regulatory approvals.
MENTIONED IN THIS ARTICLE
Elyria — Invacare Corp
Paratec AG
Rainer Kuschall
Paratec
Europe
A. Malachi Mixon IH
Invacare Corp
Invacare
Mixon
Caluial
Caesar Scherrer
France
United Kingdom
Switzerland
Ryder strike clogs auto flow as cars pile at yards
New cars back up amid an eight day walkout at Ryder Automotive Operations Inc cutting shipments to dealers to about 25 000 vehicles daily. Conrail yards in Newark Albany and Boston overflow with about 14 000 vehicles as offsite storage is set up. Automakers including Ford and Chrysler seek quick resolution while dealers scramble for options and some plan to buy used cars.
MENTIONED IN THIS ARTICLE
Ryder Automotive Operations Inc
International Brotherhood of Teamsters
National Labor Relations Board
George P. Turner Sr
Consolidated Ral Corp
Conrail
Newark
Albany
Boston
Nicole Solomon
Chrysler Corp
Solomon
Boniface Hiers
Chrysler Dodge
Merritt Island
Fla
Ryder
Jacksonville
Teamsters
Mike Ferry
New York
Norwest
Fiere
SmithCo Osney
Se Va
DuPont
Ahmans
PacTat
Bot Ya Allied Corporation AxTouen
EchsBr Ekodsk
Alberten
Penney
Enran
Amercan
Anstate Ardsigal
Va PaiMr
Cedar Fair
Abia
TAY Ie Chrysler
Americh
Amoco
SBS
Rjfinab
Vo CoBancorp Inc
GenElec
Columbia Gas
Anbeus
CPC Inter Inc
GoMir
Eaton
Bannny
Yq SchiPls
Emerson
BankAm
BO Boat
Goodyear
Barrichg
Hewicks
Sears
Seagram
Englehard
Baxter
IBM
Ford
BellSo
General Motors
Kmart
Goodrich
Texaca
ToxUtl
Bo Hanson
Larutd
Galdor
Hills
Chase
Merck
MartLyn
Undeam
LNB Bancorp
Merry
Lesco Inc
Cocath
Motorola
Walgrn A
PBR
Northern Savings GonAgr
Nmiamp
Ohio Edison
NorTal
Cars Lift August Retail Sales Not A Sign Of Strength
U S retail sales rose 0.6 percent in August led by auto purchases after a July decline. Ex autos, sales were flat. Analysts say gains show moderation, not robust growth, as jobless claims rose. Wall Street hit records amid rate-cut hopes.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Charles Renfro
Alphametrics
Bala Cynwyd
Labor Department
Bruce Steinberg
Merril Lynch & Co
U.S
Wall Street
Treasury
Federal Reserve
Kidron Auction Receipts Detail Stock Prices and Totals
The sale lists hogs calves cattle sheep and dairy stock with weights and bid ranges. Hogs mostly 190 to 260 pounds priced from 46 to 48 dollars per hundredweight. feeder pigs to 60 pounds at 18 to 63 dollars. cows bulls and heifers priced by class. Total head 2 611 consignors 394. hay straw and feed commodities also noted with prices and loads.
MENTIONED IN THIS ARTICLE
Kidron Aucton
Opening Stocks Report From Lorain County Farm Bureau
The closing market lists the local grain categories with figures for yesterday. Wheat at 407, shelled corn 279, oats 3150, soybeans 584 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau
Cooperatoa Association
Figgie Sells Sprinkler Business to Grinnell Tyco Unit
Figgie International Inc sold its North American Automatic Sprinkler business to Grinnell Corp, a Tyco International unit. The Holland unit was not included. Proceeds will be used to repay debt as Figgie continues to divest non core holdings.
MENTIONED IN THIS ARTICLE
Willoughby
Figgie International Inc
North America
Grinnell Corp
Tyco International Ltd
Figgie International
Tyco International
Exeter
N.H
Also Mentioned on This Page
The
Competitiveness Policy Council
Business, Labor and Government
ITT Corp
Caterpillar Inc
American Federation of Teachers
Kansas
Clinton
Pentagon
Department of Commerce
D Fred Bergsten
Bergsten
Harvard Business School
Michael Porter
Dow
Agai
Hartford
Conn
Ford Motor Co
United Technologies Corp
Ranger
Wuait
Mutuals
PNC Cop
Parker Hannifin
NIA
Reliance Elect Royal
Sherwin Williams Smuckers/SJMA
Sunrse Medical
Texas Abltes Ba T.R.W Usx
Woolworth
York Interatonal
Buy Farben Whit Mutual
Biden Y Puritan
Massmn Matia
Ie Income
Templeton Growth
Templeton World
Vanguard Wellington
Figgie