Sohio disputing FTC complaints in gasoline case
Sohio and its Ohio division deny FTC charges that it fixed retail gasoline prices and coerced dealers into using trading stamps and company promotions. The agency filed the complaint in Cleveland, with a similar action against Phillips Petroleum in Washington.
MENTIONED IN THIS ARTICLE
Standard Oil Co
Ohio
Federal Trade Commission
FTC
Washington, D.C
Phillips Petroleum Co
Bartlesville
Okla
Phillips 66
Carol G. Emmerling
Sohio
Griffin
Commission
Emmerling
Pension concerns rise as tool plant closes in Urbana
The National Tool Co bankruptcy draws attention to pension cuts affecting about 49 former workers of 170 who toiled at the plant. Some with over 30 years and near retirement age lost both jobs and pensions while others remain hopeful funds can cover benefits though legality and funding are in question. Local officials and AFL-CIO leaders urge stronger pension protection and legislative action.
MENTIONED IN THIS ARTICLE
Chan
National Tool Co
Frank J. Valenta
The
Cleveland Afl-Cio
National Tool
Best Year Ever for Ashland Oil
Ashland Oil reports fiscal 1972 as the company’s best year. Board Chairman Orin E. Atkins cites record revenues of 1.8 billion dollars and net income of 68.3 million. For 1973, capital spending nears 200 million with facilities for low lead gasoline, low sulfur fuels, and a Buffalo refinery plant to produce synthetic natural gas, plus a 24 inch pipeline from Owensboro to the Catlettsburg refinery and fleet upgrades in Ohio and Missouri River towboats and barges.
MENTIONED IN THIS ARTICLE
Ashland, Ky
Ashland Oil Company Board
Orin E. Atkins
Ashland Oil
Atkins
Buffalo, N.Y
Owensboro
Catlettsburg
Capline
Ashland
Kentucky
Ohio
Missouri River
PUCO Adopts Rules for Utility Rate Increases
The Public Utilities Commission of Ohio approves new rules allowing rate hikes without Price Commission approval on a case by case basis. Increases must be justified by costs, avoid inflationary expectations, and meet capital needs while not surpassing federal labor guidelines.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Public Utilities Commission of Ohio
Henry Eckhart
Eckhart
Federal Economic Stabilization Program
PUCO
Price Commission
The
Commission
General Tire buys new plant in Ada Oklahoma
General Tire & Rubber Co. plans a new plant in Ada, Pontot County Oklahoma to manufacture injection molded rubber automotive parts. The Oklahoma site will hire about 12 workers initially and be ready for immediate occupancy with large injection presses and a complete paint system. The Wabash Indiana plant lacks space for rapid expansion needed next spring.
MENTIONED IN THIS ARTICLE
Akron, Ohio
General Tire & Rubber Co
Ada
Okio
Wabash, Ind
Wabash
H.C Sommers
General Trre
Pontoe County
Sommers
Also Mentioned on This Page
Cleveland, Ohio
Sohio Marketing
Robert G. Griffin
Avery Aspect
Closer
Springfield
Urbana, Ohio
John C. Wellborn
Saingfield
Ohio 4
Champaign
Coun
Peter Pohorence
Lakewood
Utilities Commission
General Tire
Middletown
Santa
U.S
Ohios
Ohio Insurance Institute
East Broad Street
Columbus
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