Historic compromise GM UAW reaches pass through savings to buyers
DETROIT AP United Auto Workers and General Motors began bargaining on concessions with an unprecedented proposal to apply savings to vehicle prices. UAW President Fraser said talks aim to lower prices while jobs face sharp losses across the auto sector.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers Union
General Motors Corp
Gest Automaker
This Morning
UAW
Douglas Fraser
Ford Motor Co
Ford
Fraser
Donald Ephlin
Ford Department
Robert Dederick
Dederick
General Motors
Smith
Washington
Senate Subcommittee On
CNN
Dollar slips as Tokyo gains temper European markets
In Tokyo the dollar steadied after a firm session, while European trading saw it weaken amid lower U.S. rates and a softer tone in New York. Gold bullion fell about $9 to $380 an ounce in London, with Zurich and Hong Kong prices also down. British pound eased to $1.8765 as yen movements fluctuated between London and Tokyo, and major metals hit multi week lows.
MENTIONED IN THIS ARTICLE
Europe
Tokyo
U.S
New York
London
Zurich
Hong Kong
Old Rose
Handy & Harman
SCM Earnings Plummet 25 Percent in Fiscal Second Quarter
SCM Corp reports a 25 percent drop in quarterly earnings to 90 cents a share as recession and Japanese imports cut demand for Smith Corona typewriters. Second quarter sales slipped to 468 million with a 500-employee temporary layoff. first half profit fell 37 percent to 18.3 million.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
SCM Corp
5CM
U.S
Smith-Corona
Homer
Groton
SCM
Durkee Foods
Louisville
Perio
Businesses to cut spending in 1982 says Commerce
Washington AP reported that after inflation adjustments American firms plan 0.5 percent less real spending on plant and equipment in 1982. The Commerce Department valuation puts non farm outlays at 346.4 billion dollars, up 7.4 percent from 1981, but mainly from price increases.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Commerce
Amex study finds Amex liquidity exceeds Big Board on average
An Amex study of 474 U.S. stocks shows the American Stock Exchange listings are about 29 percent more liquid than their Big Board counterparts when measured by the dollar trading needed to move a stock price by 1 percent. Researchers Greer and Kramer discuss float value and the method, noting IBM and Ma Bell are excluded to compare overlapping stocks.
MENTIONED IN THIS ARTICLE
Robert Metz
New York Times
New York
American Stock Exchange
New York Stock Exchange
Amex
United States
Robert Greer
Marcia Kramer
Greer
IBM
Amdahl
American Telephone
Exxon
Greley Securities
Kirby Eploration
Pennwall
Kirby
Your Money's Worth Last of three columns
A 51 year old worker recounts age discrimination in hiring during the 1981-82 recession. Despite being fit and qualified, he is repeatedly labeled overqualified or inexperienced. Advice urges not to downplay abilities, apply for high pay and status, and to register with the state employment office for counseling and equal access to job opportunities.
Traps of over forty five job hunting myths debunked
Outdated beliefs about older workers are challenged with evidence that older staff outperform stereotypes. Highlights include better attendance, comparable learning ability, and strong motivation. Advice urges proactive outreach, flexible search, and leveraging unions, associations, and private agencies to secure opportunities.
MENTIONED IN THIS ARTICLE
American Association of Retired Persons
Washington
Chamber of Commerce
Also Mentioned on This Page
Robert B. Smith
Alfred S. Warren Jr
Business Digest
Bristol Field
Bristol-Myers
Nyses&g
New York State Electric & Gas Corp
Securities and Exchange Commision
Merrill Lynch Group
Poland
Frankfurt
Vienna
U.s.canada
Quarrel
Canada
Saudi Arabia
Paul H. Blicker
Eicker
Elicker
U.S. Commerce Department
Malcolm Baldridge
Blicker
George Burns
Consumer Products Division
Federal Department
Typewriter
Ma Bell
Otra
By Sylvia Porter
Trace Association
Professional Association
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