Icahn Says Dividing USX Could Boost Value 35 Percent
Carl Icahn said a spin off of most USX steel holdings could lift value by 35 percent. He estimated the plan at 48 dollars per share, with Marathon Oil at 39 and U S Steel at 9, based on Tuesday close of 37.12. The non binding vote is set for May 7 at Marathon Oil in Findlay Ohio.
MENTIONED IN THIS ARTICLE
Pittsburgh
USX Corp
New York
Carl C. Icahn
USX
Icahn
Marathon Oil Co
U.S. Steel
New York Stock Exchange
Icahin
Marathon Oil
Findlay
Ohio
Trans World Airlines Inc
TWA
Alfred Kingsley
McDep Associates Inc
Kurt Wulfé
McDep
NYSE
Lew Chase
Hanson
WalMart
Sala
Maindon
PepsiCg
Pierre R Smith
AlntGrus
duPonts
Kellogg
She Allied Corporation Anheus Be
Dunard
Kambei
Perit
Alltel
Ekaodak
Korsea
Arkio
Endese
Centerior
Exxon
Lily
CPC Inter
Bo Asarco
Emerson
Morlin
Sears
First Bancorp
Barold
Masco
Goodrich
Baxter
Mattel
Sim Hills
Fordmay McDats Uv
Stratus
LCE Bancorp Boein
THOS
Fide
Froiac
Mead
Uv Ae
Yntex
Sau
LNB Bancorp
Boise
Merck
Tao
Lesco
Bardens
Texaco
Nordson
GenDev m” Pe Mooll
Toyrus
Brigst
Geneie
Margen Ts
Wean Tat
Northern Savings Srwner BrMySq
McIne
Ohio Edison
PNC Corp
GenuPt
Parker Hannafin
Wickliffe Ford dealer plans move to expand facility
Ed Mullinax Wickliffe Ford plans to move to a larger Wickliffe site on 18 acres formerly the Euclid Drive-In Theater in Cuyahoga County near Cleveland. Larry Mullinax says the change will create 40 to 65 new jobs in sales and service after approvals.
MENTIONED IN THIS ARTICLE
Wickliffe
Ford
Ed Mullinax
Larry Mullinax
Ed Mullinax Inc
Amherst
Mullinax
Cuyahoga County
Cleveland
Trotter Ford
LTV Steel workers ratify new wage and benefit pact
LTV Steel employees approve a contract restoring 1980s concessions with a $1000 signing bonus immediate $1.61 hourly wage rise and one week vacation return. Wage hikes total $1.50 per hour in years two and three while the plant remains in Chapter 11. About 13,506 current and laid off workers are covered along with roughly 46,000 hourly retirees. CEO David H Hoag says terms align with recent industry settlements. Pension arrangements remain unsettled amid legal disputes.
MENTIONED IN THIS ARTICLE
LTV Steel
LTV
David H Hoag
New York
TRW acquires Wickes Electrical Division
TRW Inc. completed the purchase of Wickes Manufacturing Co. Electrical Division for an undisclosed price. The division, joining TRW controls and fasteners, operates plants in Union Springs and Auburn New York with offices in Troy Michigan and produced about $75 million in 1989 sales.TRW is based in Cleveland and serves space defense automotive and information systems markets with total 1989 sales over $7 billion.
MENTIONED IN THIS ARTICLE
Cleveland
TRW Inc
Wickes Manufacturing Co
TRW
Controls and Fasteners Group
Wickes Electrical
Union Springs
Auburn
N.Y
Troy
Mich
GM Tops Forbes and Fortune All-American Corp Lists
General Motors Corp led both Fortune and Forbes rankings as the nation’s largest public company. The Fortune 500 and Forbes lists place GM at the forefront with about $127 billion in 1989 sales and $4.2 billion in earnings, reflecting broad corporate strength.
MENTIONED IN THIS ARTICLE
New York
Fortune
Forbes
General Motors Corp
America
Main Street
Wall Street
Rich Hunting Valley Ohio Tops State Wealth Picture
Washington AP reports Hunting Valley Ohio the richest place in Ohio with an average income of 63719 and a small 850 population straddling Cuyahoga Geauga counties The Geauga County per capita income also leads Ohio at 13594 as of 1987 and local officials note a concentration of upper income households with professional careers.
MENTIONED IN THIS ARTICLE
Washington
Hunting Valley
Ohio
Cuyahoga
Geauga
Geauga County
David Dietrich
Adams County
Ohio counties show big gains in per capIncome 1979 87
Census data shows Delaware County tops Ohio for largest per capita income gain 72.8 percent between 1979 and 1987 while Jefferson County trails with 36.4 percent. Lorain Cuyahoga Medina and surrounding areas also shown with varied gains. state average rose 55.5 percent.
MENTIONED IN THIS ARTICLE
Washington
Ohio
Census Bureau
Washington (Ap
Lorain
Exe
Cuyahoga
Medina
Delaware County
Jefferson County
Salt Creek Township
Wayne County
Holmes County
Clark, Paint and
Salt Creek
GM names product focused management team to drive market share
Detroit AP report says half of General Motors new leadership will be product oriented under Chairman elect Robert Stempel, with August 1 as start date. Lloyd Reuss John F. Smith and Robert J. Schultz join as senior leaders shaping North American operations and international, electronics and tech oversight.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Robert Stempel
Roger B. Smith
Stempel
Smith
Scott Morris
Morgan, Stanley & Co
New York
General Motors
Lloyd Reuss
North American Auto Opera
John F. Smith
GM Hughes Electronics Corp
Electronic Data Systems Corp
Robert J. Schultz
Robert C. Stempel
Lloyd E. Reuss
John F. Smith Jr
Grain Prices At Close From Lorain County Market
The Lorain County Farm Bureau Cooperative Association notes closing prices with Wheats at 3.53 per bushel Shelled Corn 2.66 per bushel Oats 3.150 per bushel Soybeans 5.52 per bushel. Market figures reflect yesterday's activity and indicate grain prices.
MENTIONED IN THIS ARTICLE
ST Lorain County Farm Bureau Cooperate Association. Inc
Focal
Also Mentioned on This Page
Ing
Marathon
U.S
Charles Corry
Carl Icahn
Mullinax Moving
Steel
LTV Steel Co
Wickes
Concord Township
Galena
Ostrander
Urbancrest
Franklin County
Mallest
Wilson
Monroe
Belmont Counties
Summitville
Columbiana County
Yorkville
Bowling Green Township
Marion County
Morristown
Belmont County
Jim Kell
Ohno Data Users Center
Dietrich
Chardon
Smucker
Sunrise Medical BN
Texas Utilities Am Woolworth
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