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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 03, 1992
Page
13
Washington AP report shows seasonally adjusted initial claims fell 12 000 to 362 000 for the week ended Nov 21 from 374 000 a week earlier and 386 000 two weeks prior The four week moving average rose to 369 250 signaling modest labor market improvement ahead of Friday's unemployment rate release for November
Sprint Corp stockholders quickly approved a 3 billion merger with Centel Corp as Centel officials voiced confidence their vote would pass. The deal would makes Sprint a major long distance, focal and mobile carrier, reacquiring Centel cellular assets and expanding Sprint's assets to about 14 billion.
GM disclosed plans to close seven to nine plants as part of its program to shutter 21 facilities by 1995. The closures affect Wilmington Delaware Kalamazoo Michigan Syracuse New York Euclid Ohio Trenton New Jersey Livonia Michigan Sioux City Iowa St Catharines Ontario and speed up the St Catharines casting plant closure. About 18 000 workers are affected with some redeployed and others offered severance or full benefits.
U.S. productivity climbed at a 3 percent annual rate in the July September quarter while manufacturing orders rose 1.7 percent in October, signaling ongoing gains in output. Unfilled orders held steady, payrolls fell further, and overall joblessness still trends downward slowly as analysts foresee long term economic gains.
Robert J. Eaton, a 1963 KU engineering graduate, was chosen today as Chrysler Corp. chairman replacing retiring Lee A. Tacocca. Eaton, 52, also became chief executive officer. changes take effect January 1. Eaton joined Chrysler from General Motors last spring as vice chairman and chief operating officer after leading GM Europe. Tacocca retires December 31 after 14 years with Chrysler.
American and United said they would match Continental's discount of up to 35 percent on post holiday fares. The move follows earlier industry wide fare increases of 10 to 30 dollars for travel beginning December 9. Sale tickets must be bought by December 11 for travel January 5 to February 14.
Readout shows Midland Elevator Lawrence quot ing Wheat 3.57 Corn 2.02 Soybeans 5.38 and Livestock bids in St Joseph and Omaha with hogs mostly lower and cattle quiet. New York market reports fade as Dow slips to 3282.20 with mixed energy and tech movers and traders awaiting Clinton package details and Friday jobs data.
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