Fairchild Relocates to Glen Lyn Virginia
The Fairchild International firm plans to move manufacturing and most support operations to a 111,050 square foot facility on 35 acres in Glen Lyn Giles County Virginia creating 200 to 250 jobs by 1986. Chairman Jack Fairchild says the move concentrates manufacturing engineering research development and other services at one site. Governor Baliles welcomes the investment as a boost to southwest Virginia’s economy.
MENTIONED IN THIS ARTICLE
Glen Lyn
Fairchild International
Friday
Iais Company
Giles County
Fairchild
Jack Fairchild
Virginia
Gerald Baliles
Baliles
Budget cuts delay Alzheimer's study in Washington
A federal health official told Congress that Gramm-Rudman March 1 cuts will trim the $10.4 million Alzheimer's research appropriation by $500,000, delaying several key projects. Harvard, USC studies paused. postdoctoral training funds sliced from 1.1 million to 822 thousand, hindering geriatric research efforts.
MENTIONED IN THIS ARTICLE
Washington
Congress
T. Franklin Williams
National Institute of Aging
Williams
Senate Special Committee On Aging
Gramm-Rudman
Harvard Medical School
James Gusella
Gusella
Zaven Khachaturian
Aging Institute
Physiology of Aging
Khachaturian
University of Southern California
Area gas prices dip as outlets cut costs statewide
Local stations continue to reduce prices amid a global oil glut. Bluefield Avenue 7-11 reports regular at 89.9 cents, unleaded at 97.9 and super at 106.9, with regular and unleaded down about two cents and super unleaded one cent from Friday. Manager Chris Hamilton notes sales tripled, prices dropping repeatedly in two weeks as she aligns with refinery costs and rival stations.
MENTIONED IN THIS ARTICLE
Chris Hamilton
Bluefield Avenue
Hamilton
OPEC
David Duncan
Crossroads Gulf Service
Princeton
Personal income and spending dip in January
Americans saw a 0.1 percent drop in personal income and a 0.4 percent fall in consumer spending in January, the first declines in eight months. Analysts say unusual factors like Social Security tax changes and farm subsidy swings, plus weather, skewed results. Without these, income would have risen modestly. December had inflated income due to large farm subsidies. The report notes tax indexing and benefit increases offset some gains while a Social Security tax rise reduced others.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Brown pleads not guilty to all charges
West Virginia Attorney General Charlie Brown pleaded innocent to eight counts of violating state election laws. A June 23 trial was set and he was released on personal recognizance. Brown called the charges petty and politically motivated and maintained his innocence as his defense seeks to review grand jury proceedings.
MENTIONED IN THIS ARTICLE
Charleston
West Virginia
Charlie Brown
Kanawha Circuit
Margaret Workman
Brown
David Grubb
Grubb
Rudolph DiTrapano
Kanawha County
Workman
Weekend Weather Outlook Brisk with Flurries Across City
Saturday brings a mostly cloudy to partly sunny day with brisk cold air and scattered flurries. High near 38 degrees. Tonight remains brisk with flurries and a low around 18. Sunday features a mix of clouds and sunshine with possible flurries and a high near 34.
Dow Near 1700 as Market Hits New Highs
The Dow Jones industrial average climbs 24.89 to 1,697.71, a weekly gain of 33.36 points, marking the strongest showing of the year. An accompanying study urges expanded sex education, greater access to family planning, and welfare reforms.
MENTIONED IN THIS ARTICLE
Dow Jones
Civil justice system called run by pickpockets at Senate hearing
Senators heard plaintiffs and lawyers blamed for excessive damage suits that harm day care centers, businesses, and governments. Witnesses cited soaring personal injury awards raising insurance costs, with McConnell proposing reforms to curb outsize awards and require verifications of legal action. Examples included Corning Glass, a California gymnast, and New York City Transit cases, while reformers accused the system of favoring plaintiffs and attorneys.
MENTIONED IN THIS ARTICLE
Washington
Senate
Judiciary Committee
Mitch McConnell
R-Ky
McConnell
Corning Glass Co
California
New York City
Also Mentioned on This Page
Linda
Marysville
Calif
Yuba
Pat Cecil
The
Daily Telegraph
Elizabeth Fried
Virginia Avenue
Exxon
Bluefield
Jack Necessary
Dow
Abby Ces
Peereneree
Beeen
Pennsylvania
James Coyne
American Tort Reform Association
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