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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 14, 1989
Page
8
Citizens and Southern Corp. announces third quarter earnings rose 15 percent to 61.4 million, with net income to common up 12 percent to 57.7 million after preferred dividends. Earnings per share totaled 93 cents, up from 84 cents year earlier.
Labor Secretary Elizabeth Dole met with 1700 Pittston Coal miners on strike across Virginia West Virginia and Kentucky and announced that Pittston chairman Paul Douglas and UMW President Richard Trumka will meet with her Saturday. She urged face to face talks to resolve the six month walkout and listened to concerns on health benefits and job security while not taking sides.
Designer Ensembles Inc plans a $1 million home furnishings plant between Belton and Honea Path to create 160 jobs with 80 positions opening at the February start. Irv Yokel said construction of a 50,000 square foot facility on a 20 acre site will begin next week.
Detroit's Big Three struggle to maintain market share against Japanese rivals while U S auto suppliers brace for a lean era. An Arthur Andersen study predicts the number of primary suppliers will drop by half by 1995, fueling concerns over overcapacity in parts versus assembly. Dan Luria warns the policy implications and potential national impact.
New York stock exchange closing figures show weekly activity with selected issues reporting sales pe nds and daily highs and lows. The report notes last prices and changes for the week across prominent listings.
A discussion on valuing time and money in a service economy. It weighs hourly wages against the cost of time spent on care, transportation, and shopping, and analyzes tradeoffs when hiring contractors versus doing home repairs yourself. It cites John T. Reed on getting at least three contractor estimates.
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