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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Associated Press
Labor Department
U.S
Commerce Department
Organization of Petroleum Exporting Countries
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