New line of Macs expected
Apple Computer Inc. is expected to announce a new line of Macintosh personal computers aimed at a "family" audience, part of an aggressive entry into the market for affordable home computers, analysts said yesterday.
The Cupertino, Calif.-based company announced a Sept. 14 news conference to unveil a new line, but refused to provide details.
30-year mortgages go over 8%
Rates on 30-year mortgages jumped back over 8 percent this week, pushed up by a plunge in the value of the dollar.
Thirty-year, fixed-rate mortgages averaged 8.01 percent, up from percent last week, according to a national survey released yesterday by the Federal Home Loan Mortgage Corp.
Carmakers appeal ITC decision
U.S. automakers advanced yesterday their appeal of the International Trade Commission's decision against penalizing Japanese minivan manufacturers for underpricing their vehicles in the United States.
A complaint was filed with the U.S. Court of International Trade in New York by General Motors Corp., Ford Motor Co. and Chrysler Corp. The complaint listed the Big Three's objections to conclusions drawn by the commission in June.
Canada OKs wheat to Russia
Canada has lifted its two-week ban on wheat shipments to Russia, a Canadian Wheat Board official said yesterday.
Russia, Canada's best customer, with plans to buy 25 million tons of wheat over the next five years, was more than $100 million in arrears on a $1.5 billion debt when the board froze new shipments Aug. 14. Last week, Russia made what the board called a "modest payment," and the board allowed one ship to load at Churchill, Manitoba.
Bell sending food to Florida
Bell Atlantic Corp. is sending two 18-wheelers filled with food, clothing, toys and other goods to victims of Hurricane Andrew in south Florida. Any person or business that would like to donate durable goods and food staples, to be included with Bell Atlantic shipments, can deliver them to 1310 N. Court House Road in Arlington, Va., on Monday until 4 p.m. Bell Atlantic is the Philadelphia-based parent of Chesapeake & Potomac Telephone Co.
Home Depot to help victims
The Home Depot, a building supplies retailer, said yesterday that it will sell home repair merchandise at cost in the two states racked by Hurricane Andrew, and asked wholesalers to roll back prices. The announcement came amid rising concern over price gouging in Florida and Louisiana, where thousands of homes and businesses were destroyed by the storm.