GM and UAW sign new labor pact amid hopes of cooperation
The United Auto Workers and General Motors ratified a $3 billion concession contract amid negotiations to quell anger over further concessions in local work rules. GM disclosed 1981 salaries for Roger Smith and F James McDonald, while talks with Toyota and American Motors moved toward joint ventures and employee investment plans.
MENTIONED IN THIS ARTICLE
Detroit
UPI
United Auto Workers
General Motors Corp
Roger Smith
F. James McDonald
Toyota Motor Co
Milwaukee
UAW
American Motors Corp
Smith
McDonald
Douglas Fraser
Owen Bieber
Fraser
United States
Bieber
Bantam Industries to Reopen Waverly Plant Monday
Bantam Industries of Waverly will reopen Monday after a month-long shutdown. Industrial relations manager Jim Boalls says 80 percent of the 423 workers will return, with day-to-day staffing decisions continuing. The plant closed March 22 due to low demand.
Heublein to buy 69 East Coast KFC outlets from Marriott
Heublein Inc the parent of Kentucky Fried Chicken said it signed an agreement to acquire 69 East Coast KFC outlets owned by Marriott Corp through its Gino's Inc subsidiary. No financial terms were disclosed for the deal.
MENTIONED IN THIS ARTICLE
Louisville, Ky
UPI
Heublein Inc
Kentucky Fried Chicken Corp
Marriott Corp
Gino's Inc
Marriott
KFC
Housing starts rise 2.5 percent in March
March housing starts reach 947000 annual rate up 2.5 percent from February while single family starts climb 8.4 percent to 606000. Building permits rise 9.4 percent to 870000. All figures seasonally adjusted.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Money supply up 7.1 billion jolts markets
The U S money supply M 1 rose 7 1 billion in the latest week described as blockbusting by analysts. Bank of New York executive William V Sullivan Jr calls it a blockbluster yet notes technical factors and expects possible modest reversal but warns the April aggregates may stay above targets for a fourth straight month.
MENTIONED IN THIS ARTICLE
New York
UPI
William V. Sullivan Jr
Bank of New York
Quaker Oats Buys Ardmore Farms in Florida
Quaker Oats Co. acquires Ardmore Farms of DeLand Florida, a large portion-control juice processor for the food service market. Ardmore offers over 30 products from single-strength juices to frozen concentrate, serving hospitals schools airlines and fast food chains. The Florida firm will join Quaker's food service division.
MENTIONED IN THIS ARTICLE
Chicago
API
Quaker Oats Co
Ardmore Farms
DeLand
Fla
Quaker Oats
Florida
Quaker
Food Service
Kimberley Clark Delays Newsprint Price Rise
Kimberley Clark Corp defers a 5 percent newsprint price increase from April 1 to June 1, saying the move aims to stay competitive in a tough economy. The cut would raise the short ton price by 25 dollars to 450 dollars, with reports of similar delays at other firms not confirmed.
MENTIONED IN THIS ARTICLE
New York
UPI
Kimberley- Clark Corp
Kimberley- Clark
Neenah
Wis
Manufacturers Operate at 71 Percent Capacity in March
The Federal Reserve says U S factory capacity fell 0.6 points in March to 71.4 percent, eroding February's 1 point gain as recession tightens production. The Commerce Department revises its profits figure for Oct-Dec, showing a 7.9 percent annual after tax drop, larger than the 7.1 percent prior estimate.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Commerce Department
Rail strike by 300000 railmen stalls British commute
A decade ago a go slow walkout by about 300000 rail workers disrupted Britain’s rail network and crippled daily commuting patterns. The stoppage pressed for wage talks and industrial action impacted major routes and services nationwide.
MENTIONED IN THIS ARTICLE
Britains
Stocks advance as late selloff fades on Reagan talk
UPI reports a mixed close with the Dow up 3.81 to 843.42 after midafternoon gains despite late-session profit taking. Geosource leapt 18% on news of a planned Aetna subsidiary merger, while Aetna fell 4%. News on Braniff and Pan Am affected airline shares amid antitrust and route-transfer developments.
MENTIONED IN THIS ARTICLE
New York
UPI
Reagan
Falkland Islands
Middle East
Geosource Inc
Aetna Life & Casualty
Geosource
Aetna
Dow
Standard & Poor
Braniff
Pan American
CAB
Pan Am
U.S
Marshal Field
B.A.T. Industries
Amex
Federal Trade Commission
B.A.T
FTC
Field
Grace profit rises 73 percent on first quarter results
W R Grace & Co reports a 73 percent profit increase for the first quarter of 1982 helped by the sale of the Chemed division for 65.1 million. Net income reached 144.17 million or 2.99 a share on 1.463 billion in sales, up from 83.57 million or 1.74 a share on 1.489 billion. The chemical unit faced weak agricultural chemical demand with earnings down 14 percent. oil gas and coal operations improved. Cryovac Division plant is in Cedar Rapids.
MENTIONED IN THIS ARTICLE
NEW York
UPI
W. R. Grace & Co
W.R. Grace
Cryovac
Cedar Rapids
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General Motors
General Motors Workers
Boston
Denver
Seattle
Los Angeles
Atlanta
Cleveland
Dallas
San Francisco
U.S. Court of Appeals For
District of Columbia
Heublein
White House
Office of Management and Budget
Richard Lugar
R-Ind
Lugar
Senate Banking Committee
David M. Jones
Aubrey G. Lanston & Co
Fed
Jones
Sullivan
J.P. Morgan
Dave
AMS
Roosevelt Hotel
Hupp Electric Motors
33Rd Ave
S.W
NLT Corp
American General
NLT
Joseph Schlitz Brewing Co
Schlitz and
Stroh Brewery
Schlitz
Stroh
Tenneco
Wang Laboratories B
Alaska Air
Dome Petroleum
National Association of Securities Dealers
Lazza’s
Centurion
The
Trust Department of
Farmers State Bank
Neil Hart
Iowa State University
Iowa Public Broadcasting Television
Trust Department
Marion
Alburnette+ Hiawatha and Lindale Mall
FDIC
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