Rust Belt resurges in Fortune 500 as profits soar
Fortune magazine lists the 500 largest U S industrial companies with record sales of 1.88 trillion and profits of 93 billion for the year, led by a revived smokestack economy. The weak dollar boosts US exporters while basic industries such as forest products and chemicals drive gains. Chrysler climbs back into top 16. traditional leaders GM Exxon Ford IBM Mobil GE AT&T hold top spots.
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Grain bids end yesterday by Stocks Larain County
Farm Bureau Cooperative Association Inc lists local grain bids at market close. Wheat 26 Shelled Corn 210 per bushel Oats 170 per bushel Savbeans 639 per bushel.
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Farm Bureau Cooperaine Association Inc
Savbeans
Ohio firms join Fortune 500 ranks in 1987 sales list
A New York AP report lists Ohio companies among Fortune 500 giants by 1987 sales. Procter & Gamble of Cincinnati tops Ohio, with Meade and Goodyear among others. figures show gains for some and drops for others across Cleveland Akron Toledo Dayton and Columbus firms.
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Sherwin Willams
Dow tops 2061 as first program-trading limit is breached
The Dow Jones average rose 64.16 points to 2061.67 on Wednesday marking the first test of the NYSE voluntary collar on program trading. Traders cheered as the index surpassed 50 points, with opinions split on the collar’s impact amid dollar strength and easing rate fears.
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