GE Aircraft layoff hits eighty at Strother Field
Eighty production workers at General Electric Aircraft Engine Maintenance Center in Arkansas City will be laid off indefinitely starting today. The layoffs follow word that Aviall in Dallas won an exclusive repair contract for CFM56 engines, reducing work at Strother Field. Future staffing depends on workload.
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Arkansas City
General Electric
Vince Downs
Downs
Usair
Aviall
Dallas
Strother Field
Stocks of Local Interest and Wall Street Decline
Market edges lower as inflation data prompts profit taking. Dow Jones at 2961.09 noon, with 659 up, 723 down, 533 unchanged on NYSE. AMEX index down to 365.46. Traders note mixed results among blue chips including General Motors and American Express. Also includes Kansas City cattle quotations and slaughter data for week totals and weights.
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Leaders pessimistic on growth after recovery begins
Top U S business leaders say the recession is not yet behind them and growth potential remains weak once recovery starts. They question government forecasts for rapid revival, citing debt overhang and weak consumer spending despite signs like rising confidence and lower rates.
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General Electric
House
Newt Gingrich
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Bush
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Robert Mosbacher
Education
Lamar Alexander
Gingrich
White House
George Bush
H. Brewster Atwater Jr
General Mills
John F. Welch Jr
Sallie Mae blamed for bank problems in Horton
Rep. Jim Slattery accuses Sallie Mae of leaving Bank of Horton with federal loan risk after promising to purchase loans and failing to follow through. He cites insolvency risk tied to guaranteed student loans. Sallie Mae officials in Washington deny the charges.
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BankAmerica Corp
Texas
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D-Kan
Slattery
House Banking Committee
Lawrence
Delared
Washington
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