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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 09, 1982

Page

23

UAW Local Rebuffs GM Concession Pact Amid Nationwide Vote

Linden New Jersey Local 595 rejects the $3 billion General Motors concessionary contract by an 88 percent margin at the Linden assembly plant. UAW officials express confidence, planning a Friday press conference as other locals vote.

Detroit UPI General Motors New Jersey United Auto Workers UAW Linden N.J UAW Local 595 Local 595 Anthony Fernandez Ohio American Motors Corp Milwaukee AMC Detroit Free Press Flint Mich Framingham Mass Doraville Lordstown

U.S. Steel freezes sheet steel prices for 1982

U S Steel Corp froze prices on its entire sheet steel line through 1982 to counter rising foreign imports. Sheet steel makes up 35 to 40 percent of the companys output.

Pittsburgh UPI U.S. Steel Corp

Ford declines second quarter dividend for common stock

Ford Motor Co board votes not to pay a second quarter dividend, continuing a pause since January as the company works toward profitability. Analysts note the no-dividend policy began with the first quarter and follows Ford’s 1980 81 losses, with sales down year to date and a $1 billion UAW concession pact under negotiation.

Detroit UPI Ford Motor Co Ford United Auto Workers

Dollar and gold surge amid crisis jitters before Easter weekend

The dollar rose sharply as traders weighed the Falklands crisis, a possible French franc devaluation, and Syria Iraq rumors ahead of the long weekend. Gold jumped about $9 on short covering with London and New York prices climbing, while silver also advanced.

New York UPI Falkland Islands Syria Iraq Zurich London New York Commodity Exchange Comex U.S Milan Paris Tokyo Frankfurt

Stocks rise as traders keep Easter optimism alive

UPI reports a pre Easter stock gain as the Dow climbs above to 842.94 with a 6.09 point rise and the S&P 500 up 0.76. NASDAQ up 1.24, NYSE volume over 60 million, Schlitz and Stroh tensions surface, Exxon and Mobil rise, and Braniff improves on debt talks.

New York UPI New York Stock Exchange Standard & Poor Houston Industries NYSE American Motors Reliance Group Jos. Schlitz Brewing Co Stroh Brewery Stroh Schlitz Dome Petroleum Gulf Canada Horn & Hardart National Association of Securities Dealers

Washington governor blocks Northern Tier pipeline permit

Gov. Spellman refused to issue a Washington state permit for the 2.3 billion Northern Tier crude oil line from Port Angeles to Clearbrook Minnesota citing environmental hazards to Puget Sound. Supporters plan a court challenge as other states and the federal government had approved the project.

Olympia Wash UPI John Spellman Washington State Pacific Coast Midwest Port Angeles Clearbrook Minn Puget Sound Northern Tier U.S. Energy James Edwards Spellman Northern Tier Pipeline Co Washington

Drydock plan to save jobs at Sparrows Point yard

Bethlehem Steel submitted a 54.8 million floating drydock proposal to the Navy to avert layoffs at its Sparrows Point Maryland shipyard. The yard will run out of work by September without new contracts. the drydock would keep about 650 workers for 18 months as employment has fallen from 3,000 to under 1,809.

Baltimore UPI Bethelehem Steel Navy Beth Steel Sparrows Point Bethsteel

Questions on IRAs

Washington based UPI report notes about 90 million potential IRA customers face confusion due to varying restrictions. The American Council of Life Insurance offers questions to compare IRA options including interest rate guarantees, calculation method, compounding, minimum investments, fees, annual charges, and early withdrawal penalties.

Washington UPI American Council of Life Insurance

Job worry and weather hurt March retail sales

Unemployment fears and severe March weather trimmed consumer spending across major chains. Sears, Kmart, JCPenney, Woolworth and Montgomery Ward reported mixed results while Federated and Dayton Hudson posted gains as analysts warned of continued soft demand and potential markdowns.

New York UPI Walter Loeb Morgan Stanley Loeb Sears Roebuck & Co Kmart J.C. Penney Co F.W. Woolworth Co Montgomery Ward Herbert Christner United States Christner Middle West Kmart Loeb Sears Federated Department Stores Inc Dayton Hudson Corp Carter Hawley Hale Loeb

Crackdown on toy chests urged by safety officials

Washington officials from the Consumer Product Safety Commission ordered a crackdown on toy chests whose lids can close suddenly after a review of related deaths. The plan focuses on a cheap spring hinge costing about 63 cents that would keep lids from falling and posing a risk to children.

Washington UPI Stuart Statler Consumer Product Safety Commission

Also Mentioned on This Page

Tony Fernandez Labor Department Department Hertz Firestone Tire & Rubber Co Hertz Corp RCA Corp Business Week Firestone John J. Nevin Portland Ore Weyerhaeuser Co Raymond Oregon Three Mile Island Exxon Mobil Texaco Standard Oil of California Kaiser Steel Wall Street Journal Kaiser Family Foundation Kaiser Braniff International American Airlines Trans World Corp Northern Tier Pipeline Wes Ralston Charlie Heins Skogman Ralston Insurance Inc First Avenue Cedar Rapids Iowa Charlie Council Enacl The Trust Department of Farmers State Bank Neil Har Iowa State University Iowa Public Broadcasting Television Network Marion Alburnett Hiawatha and Lindale Mall Lees
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