Japan and West Germany are beginning to succeed in cutting their huge trade surpluses with the United States, but more rapid progress is needed, U.S.
"We're talking some deaths," said Jeff Freilich.
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Delta Air Lines, citing industry price cutting, reported that its fiscal first-quarter profits skidded 51% from a year earlier on flat revenue.
A bipartisan Senate coalition handed the Reagan Administration a major farm policy victory Wednesday by signaling strong support for a proposal to reduce income subsidies to grain, cotton and rice farmers after a one-year freeze.