Opening stocks rally as Dow hits new highs this week
The Dow Jones industrial average rose 2.54 to 1260.06 in early trading as buyers led gains on the NYSE with Xerox Chrysler and Texas Utilities among top movers. Market optimism cited for recovery, hopes of lower rates, and CPI data up 0.4 percent in August supporting continued gains.
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New York
Wall Street
Xerox
Chrysler
Texas Utilities
NYSE
American Stock Exchange
Metal prices in Columbus report on egg sales and poultry costs
AP dispatch notes retailers in Ohio saw varied prices for eggs and poultry. Large cartons averaged around 85.87, medium eggs near 72.74, with wholesale hen prices irregular and few reports on light hens. Breaking stock and checks priced as listed, with Class 1 large eggs about 58 and Class 2 large around 32.
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Columbus
Nest-tan
Inflation Edges Up 0.4 Percent in August Prices
Prices rose 0.4 percent in August led by gasoline and fresh vegetables. Year to date inflation runs 3.4 percent, with a 12 month gain of 2.6 percent. Gasoline up 1.1 percent, fresh vegetables up 5.8 percent, meats down as producers adjust. New car prices up 0.8 percent, used cars up 1.8 percent. Airy remarks on drought and heat affecting future food costs.
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Washington
Swiss banks and secrecy shape global finance and scrutiny
In Geneva a portrait emerges of Swiss numbered accounts hiding fortunes for elites and tax dodgers alike. Officials say secrecy laws face reform pressure from the United States amid cases like Marc Rich and Pincus Green, while banks insist they avoid assisting crooks.
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Swiss Credit Bank
Zurich
Switzerland
Geneva
Beat Koppler
Swiss
Trade Union Confederation
Marc Rich
Pincus Green
New York
Hans-Peter Dietzl
Swiss Bank Association
United States
Credit Suisse Bank
U.S
GM Toyota hiring plan sparks UAW clash at Fremont plant
AP reportage says UAW and GM-Toyota joint venture face a dispute over hiring for the Fremont plant as about 2,500 of 6,000 laid-off workers may gain positions over 14 years though not strictly by seniority. Analysts anticipate the 1985 contract will test the compromise amid labor pressure and venture tensions.
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Detroit
United Auto Workers Union
General Motors
Toyota
California
Mario Salinas
UAW
Carpenter
Fremont
Calif
General Motors Corp
Toyota Motor Corp
Healy
Concession Vote At Ford Rouge Steel Plant Underway
4200 Rouge Steel hourly workers vote today on a concessions pact to keep the plant open. If approved, wages and benefits drop by over $4 per hour with vacation and holiday cuts and incentive pay reductions. The agreement includes job security guarantees and terms for future buyers of the Rouge complex.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers Union
Ford Motor Co
Rouge
Ford
UAW
Mike Rinaldi
Local 600
Rinaldi
Rouge Steel
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