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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jan 31, 1985

Page

6

Peoria seeks Chrysler plant amid Caterpillar appeal

Peoria officials and state leaders weigh a possible 2500 job Chrysler assembly plant alongside Caterpillar warehouse plans. Governor Thompson urges caution to avoid inflated hopes while noting Mor ton warehouse and 11,000 unemployed UAW workers. UAW reps caution against bidding wars yet push for factory jobs for laid off Caterpillar workers.

Peoria Chrysler Corp Caterpillar Tractor Co Chrysler Indianapolis David Powers State Commerce Department Thompson Lee Iacocca Caterpillar Morton Peoria Journal Star UAW United Auto Workers Union Michael Woelffer Commerce Department

Byron reactor tests to start for Commonwealth Edison

Commonwealth Edison Co plans to start the Byron plant’s first reactor for tests today, nearly six years late, as officials seek to validate safety and performance before full operation.

Commonwealth Edison Byron Chicago Commonwealth Edison Co

Tenneco Buyout Cleared by Justice Department Officials

Justice Department officials informed attorneys for International Harvester Co and buyer Tenneco Inc on Wednesday that the 430 million deal would not face a challenge. The clearance ends antitrust scrutiny of the merger between IH and Tenneco as the two parties proceed with the acquisition.

Tenneco Justice Department International Harvester Co Tenneco Inc

Leading Economic Indicators Dip in December

The Commerce Department reports the Index of Leading Economic Indicators fell 0.2 percent in December, with November’s gain revised to 0.6 percent. Analysts had expected a small rise, though private economists cited various barometers suggesting a late-year rebound. The year’s earlier growth peaked at 8.6 percent in the first half before slowing to 1.6 percent from July to September.

Washington Commerce Department Department

Earnings outpace inflation in 1984 fourth quarter

The median weekly earnings of full time workers rose 5.4 percent to 337 dollars, outpacing inflation in Q4 1984. The US foreign trade deficit hit a record 123.3 billion dollars for 1984, nearly double the prior peak. OPEC agreed to price cuts up to 1.41 dollars per barrel, the cartel's second such move in 25 years.

Associated Press Labor Department U.S Commerce Department Organization of Petroleum Exporting Countries

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