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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

May 10, 1991

Page

5

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.

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.

New York Wall Street New York Stock Exchange Boeing Occidental Petroleum North Sea NYSE American Stock Exchange

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.

Hot Springs U.S American Telephone & Telegraph General Electric House Newt Gingrich Georgia Bush Commerce 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.

San Francisco BankAmerica Corp Texas Federal Deposit Insurance Corp Village Green National Bank Houston BankAmerica FDIC Bank Bank of America Texas Sallie Mae Student Loan Marketing Assn Bank of Horton Jim Slattery D-Kan Slattery House Banking Committee Lawrence Delared Washington

Also Mentioned on This Page

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