Traders See Wholesale Slump Trim Prices and Retail Slide
Wholesale prices fell 1.1 percent in March led by gasoline declines, with a 12.4 percent annual drop for Q1 signaling lower inflation. PPI down 0.7 in January and 1.6 in February, while retail sales slid 0.8 percent in March amid weak auto demand and high fuel costs. Revised January and February gains noted. Senate opposition forms to Reagan Canada free trade plan despite Canada US trade links.
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Reagan
United States
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Jackson acts as last hope to end Hormel strike
In Austin Minnesota Reverend Jesse Jackson met with Hormel official Charles Nyberg after addressing jailed protesters and singing We Shall Overcome The activist said progress depended on getting workers back to their jobs Nyberg welcomed Jackson and indicated Hormel is ready to resume talks with UFCW Local P 9 while the union must propose anew Jackson urged postponing a trusteeship hearing and said he would seek follow up talks with Hormel President Knowlton and international UFCW president Wynn
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GE executive backs Air Force audit of Evendale plant
GE aircraft engine chief Brian Rowe says he agrees with the Air Force's criticisms in the March audit of GE's jet engine plant in Evendale Ohio. He told the Cincinnati Enquirer that the report shows GE has room to improve and the company concurs. The full audit findings have not yet been released.
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State officials AMC to meet on Jeep plant plans
Toledo awaits a decision on AMC Jeep plant plans as state officials and AMC prepare in ten days to discuss incentives, site access, and financing. Officials note ongoing negotiations after AMC referenced replacing Toledo’s aging plant with a new combined auto and Jeep facility and consider tax breaks, loan terms, and Renault’s stake amid French elections.
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Toledo
Clarence Pawlicki
Pawlicki
Blade of Toledo
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Kenosha
Wis
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Ohio
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Carly Finkbeiner
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