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Syracuse Herald Journal in Syracuse, New York

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Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Oct 28, 1982

Page

5

Indictment Expected Tomorrow in De Lorean Drug Case

Federal grand jury likely to hand up an indictment against automaker John De Lorean, who remains in a Terminal Island jail after Oct arrest on cocaine conspiracy charges. His bail fight centers on a $5 million requirement secured by cash and property including a Park Avenue town house and a 48 acre Escondido estate.

Los Angeles John de Lorean Joseph Ball Terminal Island de Lorean de Lorean Motor Co U.S Alex Williams William Morgan Hetrick Mojave Calif Air Park Avenue New York Escondido Ball Michigan Northern Ireland United Sates William J. Corbin Geometrics Engineering and Design Oxford Mich England

De Lorean Firm Under Receiverhip After Belfast Plant Closure Announcement

The De Lorean Motor Company has been under receivership since February and a Belfast plant closure was announced the day of De Lorean arrest, marking a critical turn in the auto maker’s financial troubles.

de Lorean Belfast

Rome firm seeks regrouping as Chapter 11 filed

Revere Copper and Brass Inc. files Chapter 11 to regroup labor contracts and suspend labor policies while operating under bankruptcy court supervision. The Rome plant, largest in the company, will run “business as usual” per local officials, despite massive losses in the aluminum operation. Copper and brass divisions remain profitable but not enough to halt the company’s decline.

Ings Rome Collins Comy Revere Revere Copper and Brass Inc Gest

Uncertain Senate and House races reflect unemployment fears

In a nation facing 10.1 percent jobless rates, Democrats gain ground in closely fought contests while unemployment fear drives voters toward them. Key races include Carr in Michigan, Wheat in Missouri, Bosco in California, Ortiz in Texas, and Ortiz and Davis in Virginia and New Mexico.

Michigan Robert Carr Jim Dunn Alan Wheat John A. Sharp California Don Clausen Doug Bosco Iowa Lynn Cutler Cooper Evans Texas Solomon Ortiz Jason Luby

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