T-note yields fell on four-year notes to an average of 7.66 percent, the lowest since 7.65 percent on Dec. 20, 1989, the Treasury Department said.
Crude oil inventories in the nation rose in the week ended Dec. 21 to 334.7 million barrels from 331.5 million barrels the previous week, the American Petroleum Institute reported. That was still down sharply from 342.0 million barrels a year ago.
McDonnell Douglas completed assembly of its first C-17 cargo jet just prior to its annual holiday shutdown, a key milestone in the $30 billion program that clears the way for the Air Force to award a new production contract for four additional aircraft.
Pacific Telesis said it will sell its real estate holdings and take a $60 million after-tax charge against its fourth-quarter earnings to offset the losses it expects on the sales.
G.E. Capital Mortgage Services is selling its Richmond office and 11 others in six states. Terms of the sale to Long Island, N.Y.-based American Mortgage Banking Ltd. were not disclosed.
Czechoslovakia will begin to auction off small shops and state-owned businesses next month in its first round of privatizations, the state CTK news agency reported.
Japan's current account surplus recorded the fifth straight year-to-year fall in November, paced by a shrinking merchandise trade imbalance and swollen oil import bills, the Finance Ministry said. Meanwhile, the Economic Planning Agency said it sees no signs of a sharp slowdown in Japan's economy, but it stressed the need for maintaining price stability to secure sustained growth.
Martin Marietta and Westinghouse received a $374.9 million contract for Army Apache helicopter improvements and for Air Force aircraft navigation systems.
General Electric received $89.4 million in Air Force and Army contracts for aircraft engines.
Millicom and US West, two U.S. communications companies, said they have signed an agreement to provide cellular telephone service in the Soviet Union, starting in Moscow. The value of the agreement was not disclosed.
President Lyndon Johnson's family has put the KLBJ radio stations on the market, a company executive said. The value of the Texas AM and FM stations has been placed at $13.5 million.
Frank Bordell, a scientist who was fired after he blew the whistle on an alleged coverup at a federal atomic laboratory operated by General Electric in upstate New York, has the right to sue the company for damages, a New York appeals court ruled. The decision didn't address the merits of the case.
Cutting costs in the workplace is a responsibility felt by a majority of workers, but most say the programs launched by bosses to do that are not very effective, according to a survey by Brooks International.