Spring GNP beats expectations as exports surge
The Commerce Department reports the spring GNP rising 2.5 percent at an annual rate, up from a earlier figure, with exports up 17.9 percent and business investment up 11.7 percent. Inflation cooled to 4.1 percent while manufacturing led the gains, signaling momentum in the economy through mid year.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Reagan
GNP
Allen Sinai
Shearson Lehman Brothers
New York
David Jones
Aubrey G. Lanston & Co
Pay raise slowdown extends into next year across sectors
A five year slowdown in pay raises continues into 1989 with wages expected to rise faster in 1989. The Mercer survey of 2,500 firms shows 1988 raises averaging 5.3 percent, down slightly from 5.4 percent in 1987, while 1989 projections point to improvement as CPI trends push salaries higher. Industries with top hikes include legal, accounting, computer services, finance, and insurance with mining and oil showing lower gains.
MENTIONED IN THIS ARTICLE
Ue Mayores
Los Angeles
William M. Mercer-Meidinger-Hanssen Inc
Michael ©. McCullough
William M. Mercer-Meidinger Hansen
Wendy's settles sex discrimination suit for 14 million
About 700 current and former Wendy's employees will share roughly 14 million dollars in a settlement approved by U S District Judge John Shabaz. The deal requires increased women promotions and new training and a scholarship fund.
MENTIONED IN THIS ARTICLE
Malidun
Wis
Aout
Wendy's International
U.S
John Shabaz
Wendy's
Dorothy Holzer Kuenzi
Shabaz
Madison
Pipeline proposes new inventory holding charge in gas plan
The Natural Gas Pipeline Co of America files with FERC to recover costs of holding unused gas. The proposed 55 cent per thousand cubic feet charge would apply to gas held for utilities but not purchased, with an effective date of November 1 and annual recalculations. Iowa-Illinois Gas and Electric Co plans to intervene to protect customers as the impact remains uncertain.
MENTIONED IN THIS ARTICLE
Federal Energy Regulatory Commission
Cedar Rapids
Town City
Natural Gas Pipeline Company of America
Iowa-Illinois Gas and Electric Co
City
the Gazette
Iowa-Illinois
FERC
Natural Gas Pipeline Co. of America
MidCon Corp
Occidental Petroleum Corp
NGP
Iowa
Dow sinks on week a record point loss for over a year
The Dow Jones average fell 3.26 to 2524.64 as the week ended with its largest point drop since last September. Volume reached 188.07 million shares while mixed results left the NYSE composite down 0.12 and S and P indexes mostly lower. Dayton Hudson rose 5 percent to 58 as Dart Group proposed a friendly takeover around 65 a share.
MENTIONED IN THIS ARTICLE
New York
Dayton Hudson
Dart Group
Farm Credit Bailout Debate Delayed to Oct 7
Washington report notes the House plans to debate the bailout bill's general provisions next week while delaying the crucial secondary mortgage market section until October 7. White House objections and committee chairmen protests are acknowledged as hearings are set during the break. An aide to Rep. Nagle says the delay may allow opponents to craft a compromise.
MENTIONED IN THIS ARTICLE
Vavia Lynen Sazette
Washington
House
White House
House Democratic Committee
House Banking Committee
House Energy and Commerce Committee
Dave Nagle
Iowa
House Agriculture Committee
Florida governor seeks repeal of service tax after criticism
Gov. Bob Martinez urged a special session to repeal the 5 percent service tax amid protests from advertisers and business groups. The levy was expected to raise about 1.2 billion for the 1988-89 year as firms cut conventions and ad spending in Florida.
MENTIONED IN THIS ARTICLE
Florida
Bob Martinez
Also Mentioned on This Page
Midwest Markets
C.R. Grain
Erdee
BRE Tide Neo
Ora
Ene
Soba Stati
Des Moines
Omaha
Sioux City
Chicago
Joliet
Betsey
Geo
Wendy’s
Sted
Neap One
Tumover
the Limited Inc
General Mills
Rockwell
Moore Corp
Pioneer Hi-Bred
Penwest
United Fire and Casualty
NYSE
New York Exchange
Standard & Poor
S&p
Amex
Seary
Industries
Illinois Central Gulf Railroad
ICG
New Orleans
IC Industries
General Cinema Corp
Westdale
Gonmecsmus Company
Raymark Industries
National Fire Workers
Firestone
Armstrong
United State Bank
3Rd St
Acuna
Oelkers Fire Products
7Th St
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!