Soviet and U S plan summit on missiles and Star Wars
Soviet and U S officials voiced optimism about a future agreement on intermediate and short range missiles and a possible in principle limit on Star Wars at a high level. Belonogov and Pyadyshev outlined signing timelines while lawmakers linked the development to Shevardnadze's visit and a Reagan-Gorbachev summit.
MENTIONED IN THIS ARTICLE
Pyadyshev
United Nations
New York
Alexander M. Belonogov
Kremlin
Moscow
Capitol Hill
Claiborne Pell
D-R.i
Senate Foreign Relations Committee
Schultz
Les Aspin
D-Wis
House
Armed Services Committee
Shultz
Shevardnadze
United States
Chrysler to Cut 3500 White-Collar Jobs and Close Plant
Highland Park Michigan AP Chrysler Corp plans to eliminate 3500 white-collar positions by year end, cut benefits, and close at least one plant amid belt tightening driven by Wall Street volatility and recession fears. The merger with American Motors added 5700 salaried workers and four more plants to Chrysler’s roster. Analyst Chris Cedergren says the moves aim to keep profits in a downturn, while Michael Luckey of Shearson Lehman projects 1987 and 1988 car sales around 14.8 and 14 million respectively.
MENTIONED IN THIS ARTICLE
Highland Park
Mich
Chrysler Corp
Chrysler
Lee Iacocca
Wall Street
American Motors Corp
Chris Cedergren
J.D. Power & Associates
Westlake Village
Calif
Iacocca
Cedergren
Michael Luckey
Shearson Lehman Brothers Inc
Luckey
Stock market swings amid September durable goods rise
Orders to factories for big ticket durable goods rose 1.1 percent in September the first increase since June. Analysts say the market remains volatile as the White House and Congress face a budget deficit battle while Wall Street shows renewed jitters.
MENTIONED IN THIS ARTICLE
Wall Street
White House
Congress
Reagan
New York
Peter J. DaPuzzo
Shearson Lehman Brothers Inc
New York Stock Exchange
Wilshire Associates
American Stock Exchange
American
U.S
Miami
Edward I. Koch
New Jersey
South Africa
Jacksons Persian Gulf visit would defy Defense policy
ATLANTA AP Democratic candidate Jesse Jackson said he planned to visit U.S. military personnel in the Persian Gulf during Thanksgiving week. Defense spokesman Maj Larry Icenogle said such a trip would be a highly unusual departure from policy and noted no formal request had been made.
MENTIONED IN THIS ARTICLE
Atlanta
Jesse Jackson
U.S
Persian Gulf
Defense Department
Department
Jackson
Larry Icenogle
West Point
Icenogle
Gulf
State Department
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