The Baltimore Sun from Baltimore, Maryland • 120

THE SUN, Sunday, March 18, 1984 HOW THE WEEK WENT The following are some highlights of the week just past in the business and financial world: SKI 17 At home intended to head off antitrust objections. The president and Republican con-, gressional leaders agreed on a pack--age of deficit-cutting measures that would total $150 billion over three, years. A third of the package consists of cuts in planned military a third involves cuts in domestic spending and the rest is made up of tax increases that have been backed by Democrats as well. The Senate Fi" nance Committee moved toward, completion of a $75 billion deficit-reduction bill. About a third of the $50 billion fc taxes to be raised by the bill would fall directly on individuals.

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No Gifts On This Account. custom Home Equity Loan 13.50 ANNUAL PERCENTAGE RATE FOR QUALIFIED BORROWERS Call for details: 768-0870 savings GLEN BURNIE 7310 Ritchie Highway 1013 REISTERSTOWN ROAD 486-5200 HOURS: MONDAY THRU FRIDAY 9 AM to 3 PM IN THE HEART OF PIKESVILLE EACH ACCOUNT IS INSURED UP TO S1 00,000 DY M.S.S.I.C. Sovran EQUITY MORTGAGE CORPORATION Around the world France, Britain and Spain formally agreed to launch a $1.7 billion program to build a new generation of. 150-seat jetliners through their con-, sortium Airbus Industrie. Delivery of the A320 Airbus is scheduled to begin, in 1988.

Japan will open its advisory councils to American participants. The Japanese councils are highly influential because they shape industrial pok icies and serve as a legislative lobby-' ing force. More than half of Britain's coal mines were closed by strikes in union protest of layoffs and mine cly-sures. But there were some signs of: disunity among miners and it was not- clear how long the strike might Miners in four regions later voted; against a strike. Britain's Barclays Bank plans to buy control of two stock firms.

It saidl it intended to become a major force' in the securities markets. The U.S. violated world trade rules by cutting Nicaragua's share of sugar imports, the GATT council found. Washington said resolution of the dispute involved larger political! issues. China announced that it was re-, turning to tight state control over foreign trade.

The reason, it said, was" "confusion" brought on by China's opening to the outside world in the past five years. Equal Housing lender Black and Decker Manufacturing Company and General Electric Company's small appliance operation, which will soon join separate operations Into one unit, have indepedently Introduced new product lines for an upcoming spring trade show. Black and Decker has developed five new home lighting products and a shoe-shine brush, and GE has developed 12 new small appliances, including a line of nonstick irons, an automatic shut-off iron, a digital scale, an electric knife, an automatic juicer and jar opener and knife sharpener. A state Senate committee voted to kill legislation that would have enabled construction of a 375-mile pipeline to carry coal slurry from Appala-chia to the Chesapeake Bay. The Senate Economic Affairs Committee voted instead to study the issue over the summed Bluefeld Caterer, a kosher caterer in Baltimore and Washington for more than 40 years, has been sold for more than $3 million to the young French couple who last month were identified as partners in a new luxury hotel just off Mount Vernon place.

Changes that a company spokeswoman calls a major realignment of the merchandising structure will occur at Hutzler's effective April 2. Lynn E. Davis, formerly with Chicago's Marshall Field is joining the company in the newly created position of senior vice president of merchandising. a American Telephone and Telegraph Company announced that over the next 12 to 18 months it wil phase out its Baltimore Works on Broening highway, which employs 3,500 people. One of the buyers of Bethlehem Steel's Key highway shipyard said his joint venture is on the verge of presenting the city a revised plan for use of the property.

Richard A. Swir-now, the buyer, said the Swirnow Companies Joint Venture is now planning to use 7 prime Inner Harbor acres of the 39-acre property for several "slender" condominium towers involving a total of 400 to 500 units, and for "several hundred" marina slips. Food-A-Rama, a Baltimore-based independent grocery store chain, has agreed to purchase all 10 Basics Food Warehouses in the Washington metropolitan area from the Grand Union supermarket chain. A House committee approved a watered-down version of a bill originally designed to regulate the time a bank can hold a check before making the funds available for withdrawal. If the measure eventually becomes law it will require only that banks disclose their check-float policies to customers in writing.

In the nation Here more from The Savings Bank Statistically speaking Retail sales edged down a slight: 0.2 percent in February but remained well ahead of the sales pace a year' earlier Businesses increased their inventories by 0.4 percent in January, but the restocking still lagged behind a brisk 1.3 percent increase in sales, the government reported Sales by the major U.S. automakers surged 31.5 percent in the March 1-10 period from a year earlier Production by the nation's factories surged 1.2 percent last month, matching a robust increase in January, the Federal Re-' serve reported The number of building permits issued in the Baltimore metropolitan area decreased in February, with 1,052 permits issued, compared with 1,268 in January and 1,441 in February of 1983 Construction of new homes shot up 11.2 percent in February to the highest level in almost six years, the Commerce Department said Wholesale inflation slowed to 0.4 percent in February despite a sizable increase in food costs and the biggest jump in more than four years in home heating oil prices, the government reported. Introducing The American businesses plan to spend a record $343.6 billion on modernization and expansion in 1984, a 12 percent increase that is the biggest gain in nearly two decades, the government said. a Mobil offered to pay $45 a share for Superior Oil in a deal valued at $5.7 billion. The offer, which continues the recent consolidation trend in the petroleum industry, appears to be OF CREDIT The homeowner's line of personal credit you apply for once and use over and over again.

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