Walton to become Wal Mart chairman after founder death
Wal Mart Stores Inc announced Robson Rob Walton will succeed his father Sam Walton as chairman. David Glass remains president and CEO. Sam Walton died at 74 after battling bone cancer. cause not disclosed.
MENTIONED IN THIS ARTICLE
Little Rock, Ark
Sam Walton
Wal-Mart Stores Inc
Wal-Mart
Robson
Rob” Walton
David Glass
Energy stocks Drive Broad Market Rise
Stock prices advanced across the board on Monday in moderate trading led by a continued rally in energy shares. The Dow rose 26.38 points to 3,275.49 as oil climbed and other commodities moved mixed with grains higher and bonds lower.
MENTIONED IN THIS ARTICLE
Exchange
Dow Jones
S&p
Dow Jones Industrials
AD Lamar
LizCiab
Ts Loews
Marriat
Oakind
Promus
A SchiPl
Schimt
Sant Sears
Uy ShawNt
GM shake-up at GM demotes Reuss and shifts Stempel
GM announces a surprise executive overhaul with John F. Smith replacing Lloyd Reuss as president and COO and John Smale taking over the executive committee chair from Robert Stempel. Louis Hughes named president of GM Europe, replacing Robert Eaton. Ouster aims to cut costs as GM plans plant closures and job cuts.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Lloyd E. Reuss
Robert C. Stempel
Stempel
John Smale
Procter & Gamble Co
Louis R. Hughes
GM Europe
Robert Eaton
Chrysler Corp
Lee Iacocca
Hughes
Adam Opel AG
U.S
Joseph Phillipps
Shearson Lehman Brothers Inc
New York
Smith
Tham
Europe
Bob Stempel
Hoglund
Short term T-bill rates fall to seven-week lows
U S Treasury data show discounts on three month bills at 3.95 percent and six month at 4.02 percent in Monday’s auctions. The three month bill at a 3.83 percent equivalent previously and the six-month at 3.93 percent. A $10,000 face value bill costs about $9,900.20 for three months and $9,796.80 for six months.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Abatement Shifts to Daco Co in Elyria Deal
The Elyria council moved a Cascade Pattern tax abatement to Daco Co the land owner for a Trout Park site on Ternes Avenue. Mayor Keys said the abatement from 95 to 80 percent over 10 years remains in Daco’s name with Cascade as partner. The plan includes a $1.2 million plant and 10 new jobs. Cascade Pattern moves to 1219 Taylor St.
MENTIONED IN THIS ARTICLE
Elyria
Cascade Pattern
Daco Co
Michael B. Keys
Council
Cascade
Ternes Avenue
Daco
Keys
Ternes
Steelworkers accuse LTV of blackmail
In Cleveland union leaders charge LTV Steel with blackmail as the company seeks federal bankruptcy court approval for a $300 million modernization of the Cleveland Works. The United Steelworkers threaten a strike if concessions are imposed, with 13,000 workers under a contract expiring in August 1993.
MENTIONED IN THIS ARTICLE
Washington
First American Bankshares Inc
First American
Bank of Credit and Commerce International
Federal Reserve
Cleveland
LTV Steel
LTV
U.S
New York
United Steelworkers Union
Anthony Rainaldi
Rainaldi
Creston Livestock Auction Sees Large Feeder Cattle Offering
Creston consignors report a strong sale at the Grasstime Opportunity Auction with 700 head of feeders expected. The sale lists hay and straw lots, cattle including Holsteins and crossbreds, beef cows and heifers, lambs and ewes, with prices ranging from about 41 to 78 dollars per hundredweight. The event is Friday at 4 p.m. local time.
MENTIONED IN THIS ARTICLE
Hedriday
Also Mentioned on This Page
Walton
Chrysler
Jacocca
L.A. Times
Lee A. Jacocca
Iacocca
Tacocca
Wall Street
New York Stock Exchange
NYSE
Reuss
John F. Smith
Lloyd's
Lloyd
Phillippi
O’connell
John R. Edman
GMAC
Edman
Doug Laughlin
Bear, Stearns & Co
North American
Phillipp
Traika
General Motors Europe
Taylor St
Chronicle-Telegram
Chronicle- Telegram
TMC
Ohio
East Avenue
P.O
Elyris
Abiban
Aa Abrad
Amaco
AtRich
BankAm
Baroid
Baxter
Ay Borden
Disney
DuPont
Hanson
Heinz
IBM
Creston Livestock
Creston