UAW strike risk at McDonnell Douglas looms in jet era
The UAW may strike McDonnell Douglas if a 5 percent first year wage rise with retroactive COLA and 3 percent increases in years two and three fail to pass. IAM already halted Long Beach jet and missile work, threatening a nationwide aerospace shutdown and complicating cross-union tensions.
MENTIONED IN THIS ARTICLE
UAW
IAM
Douglas
Long Beach
Machinists Union
Arkansas
Oklahoma
McDonnell Douglas
Energy plan outlines tax shifts to curb oil imports
Hollings said curbing imports by 1 million barrels daily this year would worsen inflation and slow recovery. The energy package proposes a trust fund funded by a rising gasoline tax, tax incentives for harder-to-recover oil, gas price adjustments for exploration, auto fuel efficiency laws, and standby rationing only if a second embargo occurs.
MENTIONED IN THIS ARTICLE
Hollings
Federal Power Commission
Detroit
Senate
Ford expected to approve Iran funding for Pan Am rescue
A White House source says President Ford may approve a plan for Iran to invest 300 million dollars to bail out Pan American World Airways. The move follows Pan Am's request and discussions with top economic advisers. If structured properly, approval could come in a few days to prevent the airline's collapse.
MENTIONED IN THIS ARTICLE
Washington
UPD
Ford
Iran
Pan American World Airways
White House
Pan American
Pen guns reclassified as firearms by government
Washington announced that pocket sized tear gas cartridges known as pen guns will be reclassified as firearms after June 1. Purchases will follow existing gun purchase rules and only licensed dealers may sell them.
MENTIONED IN THIS ARTICLE
Washington
Rex D. Davis
Bureau of Alcohol, Tobacco and Firearms
Davis
United States
Kissinger optimistic after talks with Sadat in Cairo
Secretary of State Henry Kissinger said he was optimistic after talks with President Anwar Sadat on a new disengagement agreement between Egypt and Israel. He noted progress, hoping for more, while Rabin maintained Israel will not concede key Sinai positions without Egypt ending belligerency.
MENTIONED IN THIS ARTICLE
Cairo
UPD
Henry A. Kissinger
Anwar Sadat
Egypt
Israel
Nile Delta Barrage
Ismail Fahmi
Kissinger
Major winter storm snarls Northeast with power cuts and closures
Snow blankets Cape Cod and New York area as LaGuardia and Philadelphia airports shut runways. Markets close early and transit suffers while crashes and outages disrupt Pennsylvania, New Jersey, and Illinois. Strong winds reach 107 mph at Mt Hebo.
MENTIONED IN THIS ARTICLE
Cape Cod
LaGuardia
New York City
Philadelphia International
Chicago
New York Stock Exchange
American Stock Exchange
Washington
Pittsburgh
Pennsylvania
New Jersey
New York
Long Island
Midwest
Illinois
Indiana
Oregon Coast
Mt. Hebo Air Force Station
GM to close seven plants in coming week amid layoffs
General Motors revealed plans to shut seven assembly plants next week, adding 13 405 workers to temporary layoffs alongside continuing 121 000 indeterminate layoffs. Plants at South Gate and Wilmington join Doraville Tarrytown and Van Nuys in upcoming closures as industry jobs total 252 980 this week.
MENTIONED IN THIS ARTICLE
Murphy
St. Louis
Fremont
Calif
South Gate
Wilmington
Del
Doraville
Tarrytown
N.Y
van Nuys
Also Mentioned on This Page
Norden
Russell B. Long
D-La
Senate Finance Committee
Long
Pan Am
Sadat
Eureka
New Suny Family
Jcpen
Lakewood
Carson St
Paramount Blvd
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