Invacare buys Hovis Medical to boost Canada sales
Invacare Corp. acquires Hovis Medical Ltd. of Mississauga Ontario a long time distributor for Invacare and a supplier for other makers. Hovis operates facilities in Ontario British Columbia and Quebec and employs about 60. Hovis will operate as Invacare Canada expanding direct sales presence alongside existing Canadian units.
MENTIONED IN THIS ARTICLE
Elyria
Invacare Corp
Hovis Medical Ltd
Mississauga
Ontario
Canada
Hovis Medical
Invacare
Hovis
British Columbia
Quebec
Kathleen Obert
Canadian Pasture and Seating Centre Inc
Kitchener
Cana
Invacare Canada
Wheelchair
Recession hits profits at top U.S. firms, Fortune says
Fortune magazine reports the Fortune 500 saw total profits plunge to 55.1 billion from 93.4 billion in 1990 with 238 companies posting declines. GM remained largest by revenue at 123.8 billion while Exxon led in profits at 5.6 billion.
MENTIONED IN THIS ARTICLE
U.S
New York
Corporate America
Fortune Magazine
General Motors Corp
Exxon Corp
Fortune
Ohio firms on Fortune 500 list show varied changes
AP reports Ohio entries in Fortune 500 for 1991, led by Procter & Gamble of Cincinnati at rank 19 with $27.406 billion in sales. Akron’s Goodyear Tire drops to 41, while Cleveland area firms ACA TaW and Lubrizol rise or fall across ranks with sales ranging from about $1.0 to $11.0 billion, including Eaton, Timken, Rubbermaid, and Owens-Illinois in multiple positions.
MENTIONED IN THIS ARTICLE
New York
Ohio
Fortune Magazine
Procter & Gamble
Cincinnati
Goodyear Tire & Rubber
Akron
TAW
Cleveland
Chiquita Brands International
Bana
Toledo
Mead
Dayton
Owens-Mlinois
Eaton
Owens-Corning Fiberglass
Sherwin-Williams
F. Goodrich
Bath
Parker Hannifin
Gencorp
Fairlawn
Trinova
Maumee
Rubbermaid
Wooster
Timken
Canton
Reliance Electric
Lubrizal
Wickliffe
American Greetings
Nacco Industries
Mayfield Heights
Oho
Figgie International
Willoughby
M.A. Hanna
Ferro
Cooper Tire & Rubber
Findlay
Worthington Industries
Columbus
Lincoln Electric
Cincinnati Milacron
A Schulman
Standard Register
Huffy
Miamisourg
Standard Products
Sealy Holdings
Reynolds & Reynolds
Eagle-Picher Industries
GM defends execs pay amid 1991 losses
GM defended its executive compensation plan as modest and closely tied to performance after reporting a $4.5 billion loss in 1991. CEO Robert Stempel will take a substantial pay cut as GM discloses 1991 pay, with no bonuses planned. Ford and Chrysler face similar proxy disclosures next week.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Detroit
General Motors
Ti So
Robert Stempel
Stempel
Ford Motor Co
Chrysler Corp
Ford
Chrysler
Paul Novas
Graef S. Crystal
University of California, Berkley
Caterpillar orders 13,000 UAW back to work in test move
Caterpillar Inc orders nearly 13,000 striking United Auto Workers to return by 7:30 a.m. Monday under a Feb 19 contract offer or risk job loss. The UAW responds by striking 1,990 more workers in Mapleton Mossville and Pontiac, joining 10,800 on strike in Illinois plants.
MENTIONED IN THIS ARTICLE
Peoria
Caterpillar Inc
United Auto
Es Caterpillar
Caterpillar
Jerry Flaherty
Mapleton
Mossville
Pontiac
Ilinois
East Peoria
Decatur
Aurora
Jerry Brown
UAW
Illinois
York
Memphis
Tenn
Denver
Harley Shaiken
Institute For Industrial Relations
University of California At Berkeley
Jobless Claims Rise to 456000 in Third Week of March
The Labor Department reports first time claims for unemployment benefits climbed to 456000 for the week ending March 21, the second straight weekly rise and the highest in three weeks. Economists had expected little change, with the four week moving average at 448750 and the year start fluctuation between 444000 and 452000.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
Dian Wheelchair Manufacturing Ltd
Florida
Texas
California
Mexico
Great Britain
Germany
International Business Machines Corp
General Electric Co
Mobil Corp
Philip Morris Cos
du Pont, Texaco Inc
Chevron Corp
Exxon
Forbes
IBM
McDonald & Company Securities, Inc
Midway Boulevard
NYSE
SIPC
C-T
Kimberly Earth
Alltel
Doug Abolt
Midwest Region
Tom Tyler
Timms Spring Co
Bob Dolacki
Holiday Inn
Harold C. Poling
Lee A. Iacocca
Crystal
Iacocca
Auto
DialCo
Disney
DuPont
Unocal
McDonlells
Alcan
Wsig&l
At&t
Arehon
Pierre R. Smith Co Bank Am
Va Funors Taie
BellSo
Nh Uu Allied Corporation
Pfizers
Va Genel
PhilPet
Centenor AmerShop Bulding
Rifcaids
First Bancorp CanPe
Giobyid
CenSons
Chase
Schimb
Ry Hanson
Abe
Sears
LCB Bancorp Uve
chWsle
HewiPk
LNB Bancorp Chitin
Hibern
Chrystie Fa
Wava— Et Sprint Singer
Mid-Am, Inc
Tenaco
Pnc.corp. Oy
Kelloggs
Texaco
Kemper
Texutil
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