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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 04, 1985

Page

5

FMC to Close South Charleston Plant Putting 450 Jobs at Risk

FMC Corp will close its South Charleston chlorine and caustic soda plant by year end, risking about 450 jobs. Olin Corp abandoned plans to buy the chlor-alkali unit but will acquire FMC’s chlorinated bleach operation and other holdings. The company cited unmet financial goals and will phase down operations while offering severance and counseling. Mayor Robb warned of budget impact, potentially 10 percent cuts.

South Charleston FMC Corp FMC Olin Corp Olin United Steelworkers Union Bud Ward USW Bob Wise D-W.va William A. McMinn Industrial Chemicals Group Alec Houston Stamford U.S Sun Michigan McMinn Nitro Union Carbide Institute Warner-Klipstein Chemical Co Chlor-Alkali

Fairness new aim of Reagan tax plan

Washington AP report outlines Reagan tax plan focusing on fairness with aims to shrink brackets to three and shift many itemizers to standard deduction. Return free filing remains in development while elimination of deductions and caps would raise or lower taxes for various groups, sparking concern over lost fairness and complicated tables.

Washington Reagan Internal Revenue Service IRS John Q Peter Elinsky Peat, Marwick, Mitchell & Co White House Elinsky

Profit-taking stalls after Friday's market record

New York stocks closed mixed as traders booked gains from Friday's record rally. Utilities and financials rose on lower interest rate expectations while energy issues fell. The Dow dropped 4.48 to 1310.93 with 125 million NYSE shares traded. bond prices rose as bills fell. Major banks expected to cut prime rates.

NEW York New York Stock Exchange Treasury Ameritech Pacific Telesis Bell Atlantic Great Western Financial CalFech H.F. Ahmanson Exxon Chevron Atlantic Amoco U.S Tokyo Sony Hitachi

E F Hutton names leader in management reshuffle

E F Hutton Group Inc. named Robert P. Rittereiser its new president as part of a top management reshuffle following the brokerage unit’s guilty plea in a mail and wire fraud scheme. He joins an office of the chairman alongside Robert Fomon Scott Pierce and Thomas Lynch.

E.F. Hutton Merrill Lynch Hutton Robert Rittereiser Phibro-Salomon Minerals & Resources Corp New York E.F. Hutton Group Inc Robert P. Rittereiser Merrill Lynch & Co Rittereiser Robert Fomon Scott Pierce E.F. Hutton & Co, Inc Thomas Lynch

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