Chrysler bailout stakes rise as losses mount for Detroit firm
Chrysler Corp faces a government rescue dilemma as losses threaten a 1981 car line. Officials anticipate federal aid to weather heavy losses and restart production, while the UAW pushes for assistance amid fears of a broader disaster. The company posted a $207.1 million loss in the latest quarter and warns of a potential $500 million deficit.
MENTIONED IN THIS ARTICLE
Detroit
Tae
Chrysler Corp
Chrysler
United Auto Workers Union
Ignéreus
UAW
Chrysler Workers Press Standards Over Cost Of Programs
The union argues against making Chrysler workers bear the cost of nationwide programs. It says present standards are socially necessary but burden should not fall on auto workers. Chrysler, though small beside GM and Ford, employs 130000 directly with 370000 more via suppliers and paid 3.5 billion in wages in six key states. It is the top Detroit area employer with a payroll near 2.5 billion and estimates 16752202 vehicles in use nationwide.
MENTIONED IN THIS ARTICLE
Ame Weweeay
Chrysler
General Motors Corp
Ford Motor Co
Michigan
Indiana
Missouri
New York
Ohio
Texas
Detroit
Chrysler seeks billion in advance tax credits amid auto crisis
Chrysler weighs government aid to shield vast auto and marine sales and a new tank line. The firm lobbies hard, hiring Thomas Hale Boggs Jr., while chairman Riccardo stresses lean restructuring and past cost cuts. The UAW seeks a government stock purchase, and officials demand self-help steps before aid. The board skips the Q2 dividend and calls for a two-year wage and fringe freeze.
MENTIONED IN THIS ARTICLE
Chrysler
Thomas Hale Boggs, Jr
John J. Riccardo
Lockheed
American Motors Corp
UAW
Riccardo
Hooker Plant Violations Found Tied to Top Management
New York reports reveal unpublished memos showing Hooker Chemical and Plastics Corp officials allowed, concealed, or altered operations at the White Springs phosphorus plant to dodge emission limits. Documents indicate emissions far exceeded allowed fluoride levels and legal violations spanned other pollutants and safety, contrasting the company’s public stance amid Love Canal fallout.
MENTIONED IN THIS ARTICLE
New York Times
New York
Hooker Chemical and Plastics Corp
Florida
White Springs
Hooker
Niagara Falls
Love Canal
Picnic
Michael D. Tabris
Montague
Mich
Lathrop
Calif
Five gunmen hold up Talladega drugstore freeing hostages
In Talladega Alabama three Birmingham men held a downtown drugstore in a two hour holdup. Five hostages were released unharmed with help from a 6 year old boy who found help and a calm younger hostage acting as mediator. The robbers overdosed on morphine and other drugs during the siege as police and deputies surrounded Landman’s drugstore.
MENTIONED IN THIS ARTICLE
Talladega, Ala
UPI
Joe Sparks
Birmingham
Sparks
Willis Whatley Jr
Landman
Indian Airlines Avro Crash Near Bombay Kills 45
An Indian Airlines Avro carrying 41 passengers and four crew crashed in heavy monsoon rain near Panvel, 30 miles east of Bombay. Police report 11 bodies at the scene with no survivors expected. contact with Santa Cruz tower was lost ten minutes before scheduled landing.
MENTIONED IN THIS ARTICLE
New Delhi
India
UPI
Indian Airlines
Avro
Bombay
Thane
Press Trust of India
Pune
Panvel
Ghats
Santa Cruz
Pilot burned dies in Challis plane crash near fire
A small chartered Cessna 210 crashed five miles from the Mortar Creek fire in Challis National Forest Idaho killing five passengers and injuring the pilot Max Sanborn of Boise who is in critical condition with burns. The Mortar Creek fire has burned about 7000 acres and a National Guard response was activated.
MENTIONED IN THIS ARTICLE
Challis, Idaho
UPI
Idaho
AUS. Forest Service
Mortar Creek
Challis National Forest
Challis
Federal Aviation Administration
Max Sanborn
Boise
University of Utah
Salt Lake City
National Guard
Junior Miss Horvath to visit Sibley's Downtown event
This Saturday August 11 from 1 to 3 p.m. in Sibley’s Junior Dept floor 1 Downtown Miss Horvath New York State’s Junior Miss will discuss the Junior Miss program and her road to the title sharing experiences and accomplishments.
MENTIONED IN THIS ARTICLE
Sibley
Miss Horvath
New York States
Amazing Magic Shows For Children This Week
See the thrilling magic feats in our Children's Depts this week. Downtown events Thursday include noon and 12 30 pm shows. Fayetteville hosts Thursday performances at 2 and 2 30 pm.
MENTIONED IN THIS ARTICLE
Fayetteville
Sibley’s Fine Jewelry Promotes Diamond Duet Display
The ad touts dazzling full cut diamonds in prong settings shown to best effect in 14K white or yellow gold. All weights are total. Located on floor 1 downtown near Fayetteville, Sibley’s invites customers to view enlarged illustrations for detail.
MENTIONED IN THIS ARTICLE
Sibley’s
Fayetteville
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N.Y
New York State
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Eee
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Neomeerness
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Washington
Senate Foreign Relations Committee
Frank Church
Didaho
Left
Jacob Javits
R-N.y
Church
White House
Senate
Gallinger Real Estate
Better Homes and Gardens
Hasina Hatine
Gallinger Real Estate, Inc
Cal
REGIS
Fayetteville Mall
Trunks
VISA
American Express
America
Susan Horvath
Jackmans
Wien
Gihlaive Drotzkit
Gkidia
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