PPG to Open Automotive Glass Tech Center Near Detroit
PPG Industries plans a late 1987 opening of an automotive glass technical center in Madison Heights Michigan. The center will consolidate sales central tooling and engineering for the auto glass unit and the fiber glass regional sales office, with Troy Michigan offices and Ford City Pennsylvania operations moving there. Commercial Shearing Inc reports fourth quarter sales of 77.4 million and net earnings of 3.9 million or 36 cents per share, up from 52.4 million and 34 cents prior year. Fiscal 1987 sales total 274.5 million with after tax earnings of 10.6 million or 97 cents per share. The 1985 base was 192.1 million in sales and 7.9 million in earnings per year, aided by the Cuno filter division acquired in January.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
PPG Industries
Detroit
Madison Heights
PPG
Troy
Mich
Ford City
Youngstown — Commercial Shearing Inc
Eastern to begin flights to Grand Cayman Island
Eastern Airlines plans daily nonstop Miami Grand Cayman service starting January six with reduced fares first month pending government approval. The link will connect 30 plus U.S. cities to Grand Cayman via Miami, serving a British Crown colony northwest of Jamaica. Dravo Corp. agrees in principle to sell inland water transportation and pipe fabrication units to investor group led by current management and Citicorp Venture Capital.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Grand Cayman Island
Caribbean Sea
Eastern
Miami
Grand Cayman
Yman Island
Sca
U.S
Midwest
Pittsburgh
UPI
Dravo Corp
Citicorp Venture Capital Ltd
Dravo Medling Corp
Ryan-Walsh Stevedoring Co
Prices rise for second month in row in Pittsburgh area
The U S Labor Department reports grocery costs in Pittsburgh rose 1 4 percent in November, pushing the year gain to 5 5 percent while energy prices fell 0 6 percent. Philadelphia area CPI dropped 0 2 percent as cheaper food and energy offset clothing declines.
MENTIONED IN THIS ARTICLE
Philadelphia
UPI
U.S. Labor Department
Pittsburgh
Allegheny
Beaver
Washington
Westmoreland
Alvin Margulis
Bureau of Labor Statistics
Margulis
Delaware
Montgomery and Bucks
South Jersey
Salem, Burlington
Glouceser
Lackawanna
Luzerne
Monroe
Labor Department
Tax Reform Act 1986 Hits Heavy Industry Hard
Chicago experts warn the Tax Reform Act of 1986 will deepen struggles for heavy manufacturing firms. Elimination of investment tax credits could reduce profits, curb new plant investment, and trigger more closures. Capital-intensive sectors like steel and oil drilling face tighter credits and a new corporate minimum tax, reshaping competition with foreign firms. Service industries may gain as tax loads drop.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Marc Samotny
Levenfeld, Eisenberg, Janger, Glassberg & Samotny
Samotny
Burt Carlson
Detroit
Arthur Andersen & Co
Carlson
Also Mentioned on This Page
Auto Glass Center
Caribbean Island
Drave
LE News
Kaoh's
RUSH
Harlansburg RD
New Castle
Rts
N. Mercer ST
FBI
Perelman
Tra Ea
SONY
Magnavox
Ers
Panasonic
BELL
Ae Ad Ek
Porsche Sports Car
Radio Man
Ther
Lloyds
Erelman
Petean
Vide Perelman
E. Washington
Fisher
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