McBride calls special USW meeting amid steel industry losses
United Steelworkers President Lloyd McBride convenes a second summer meeting of 633 local presidents to decide on potential contract reopenings or extensions as the industry endures heavy labor costs and record losses. Directors note eight big mills face tough talks with private discussions already under way. Major producers report weak second quarter results and thousands of layoffs, heightening the risk of a strike if talks stall.
MENTIONED IN THIS ARTICLE
Pittsburgh
United Steelworkers
Lloyd McBride
USW
Todewes
Basic Steel Industry
McBride
J. Bruce Johnston
Johnston
Minanmaen Nh Nn
Alfa Udy Mike S Cwateeos
Cance
Ben Fischer
J.W. Abel
Fischer
Carnegie-Mellon University
Center For Labor Studies
Linton Shafer expands with IBM System/23 VAR role
Linton Shafer & Co. is named authorized IBM System/23 Small Business Computer and Word Processor value added reseller. The firm will market install and support hardware and software, offer training and custom programming, help with software selection, provide financing options and enable a 10 percent Investment Tax Credit. Demonstrations of the Datamaster are available to show capabilities.
MENTIONED IN THIS ARTICLE
Linton, Shafer & Co
IBM
Barbara Richards
Banks and S&Ls face harsh charge of deceptive marketing
The Investment Company Institute says many banks and thrifts use deceptive advertising worth billions of dollars. It notes hundreds of institutions are involved and calls on the SEC to review practices and require full disclosure. The institute cites repos ads that misstate risk and insurance and urges consistent guidelines with banking regulators. Opinion: action may be delayed by concerns over banks’ financial health.
MENTIONED IN THIS ARTICLE
Banks
S&ls
Investment Company Institute
Institute
John Shad
Securities and Exchange Commission
National Association of Mutual Funds
SEC
Commission
S&l
Washington, D.C
Rotorex Doubles Warranty On New Mark 10 Compressors
Rotorex unveils Mark 10 rotary compressors with a 40 month warranty for OEMs, double industry norms. The Walkersville area firm unveils the unitary air conditioning and heat pump rated models from 13,200 to 65,000 Btuh amid a 60 percent production expansion to meet rising demand.
MENTIONED IN THIS ARTICLE
Rotorex Co
Walkersville
Dh.p
Nino Palescandolo
Rotorex
Palescandolo
IRS lists dates for 1982 Special Enrollment Exam
The IRS sets August 16, 1962 postmark deadline for applications to enroll for the 1982 Special Enrollment Examination to be held October 14 and 15, with no extensions. The test covers true false, multiple choice and problem questions and costs $50 for all four parts, $41 for fewer parts. Applications and study materials are available via Ernest Borowski, IRS, Baltimore. First American Bank of Maryland reports 1982 second quarter income of $671,000, 69 cents per share, up 33 percent from 1981.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Certified Public Accountants
Treasury
Ernest Borowski
P.O. Box
Baltimore
Paul G Adame
First American Bank of Maryland
Silver Spring
Ain Airadhe
AdEi
Doles tax reversal sparks economic boo boo claim
A critical column denounces Kansas Senator Robert Dole for steering a tax bill seen as the biggest tax increase in history. It argues the plan harms savings, investment, and the economic recovery, urging restraint on federal spending and marking 1981-82 tax cuts as misused. It critiques GOP and Democratic positions and questions tax reform efficacy.
MENTIONED IN THIS ARTICLE
New York
Kansas
Robert Dole
Senate
U.S
Dole
Ronald Reagan
Fogle's Market Sold in Frederick Retains Operation
Fogle's Food Market at 200 N Market St Frederick has been sold to James Swink a Montgomery County real estate agent who previously worked at his father's Boyds store. The store will continue as a supermarket with beer and light wine added while bakery and grocery remain. Charles Fogle who owned the market since 1961 will keep ownership of the upper building and apartments. Sale price reportedly over 300000.
MENTIONED IN THIS ARTICLE
Fogle
N. Market St
Frederick
Charles Fogle
James Swink
Swink
Fogie
Montgomery County
Boyds
Rose Cappello
Stock market ends mixed as takeover chatter swirls
Wall Street closed mixed after a late rally with the Dow rising to 812.21 as Heublein jumped 7 percent on news of a $63-a-share cash and stock offer from R J Reynolds. Gulf Oil and Cities Service remained untraded amid FTC opposition, banks cut prime rates, and overall volume edged higher. The NASDAQ and S&P indices slid modestly while traders eyed potential rate pressure from government borrowing.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
New York Stock Exchange
Heublein
R.J. Reynolds Industries
Wall Street
Reynolds
General Cinema
Cities Service
Gulf Oil
Federal Trade Commission
Gulf
NYSE
Standard & Poor
S&p
Also Mentioned on This Page
U.S. Steel Corp
Hashem Steel Corp
LTV Corp
Jones & Laughlin Steel Division
Sedge
Linton
Shafer
IBM System
Tome
Prater
Icme
Ahah
Paul Revere
Massachusetts State House
IRS
First American Bank
William A. Lynch
Almira
Ste
Gaitherssuing
Martland
Lone Rakeyser
You and I
Reid
Keynes
House
Jimmy Carteret
Walters
the News
Frederick, Md
ED Waters JR
News-Post
Bank of Brunswick
W. Carlos Myers
John D. Connell
Ferris & Company
N.Y. Stock Exchange
East Washington Street
Hagerstown
Maryland
CSX Corp
Giant St
Kmart
Litton
Marriott Corp
Mercantile Md Natl Cp Bakshi
Uoraes Seara
Standex
Subr Rep
Tandy
Texacoma
USFG
UA — Warner L
Whittak
Woolworth
Laker Watts & Co
LY Leeg
North Main Street
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