High court to hear fired worker pension case
The Supreme Court agreed to decide if employees may sue for damages when fired to avoid pension benefits. The Texas ruling allowed such suits, prompting business groups to urge ERISA preclusion of state damages actions. The case stems from Ingersoll Rand and Perry McClendon, who was laid off before pension eligibility.
MENTIONED IN THIS ARTICLE
Knight-Ridder
Washington
Supreme Court
Texas
Chamber
Texas Supreme Court
Ingersoll Rand Co
Perry McClendon
Dallas
Ingersoll-Rand
McClendon
ERISA
IBM Surprises With 9 Percent Q1 Earnings Jump
IBM reported a stronger first quarter with earnings of $1.03 billion or $1.81 a share, up from $950 million or $1.61 in the prior year. Revenue rose 11 percent to $14.18 billion from $12.73 billion as worldwide demand for its computer lines stayed solid.
MENTIONED IN THIS ARTICLE
New York
International Business Machines Corp
IBM
Eastern creditors press for trustee at Eastern Airlines
Creditors’ committee head urged a court to appoint a trustee to run Eastern Airlines as a bankruptcy judge signaled no push for liquidation. Separately, markets closed mixed with the Dow up 11.26 to 2763.06 after IBM’s upbeat earnings boosted sentiment and bonds fell on selling by Japanese investors. The dollar firmed against major currencies in a quiet session.
MENTIONED IN THIS ARTICLE
New York
Eastern Airlines
Eastern
International Business Machines Corp
Dow Jones
Treasury
Creston Livestock Sale Totals 304 Consignors
Creston Auc tion reports 304 consignors selling 691 head of livestock plus five goats. Prices span hay straw and feed, with calves at 85c to 7. Goods and prices listed for cattle hogs sheep and feeders. notable ranges include calves 360 and down, cows 45 to 56, steers 76 to 82, heifers 68 to 75, and Holstein feeders 55 to 72.
MENTIONED IN THIS ARTICLE
Creston
NEW York
Furda Oa
PhilPet
Ont de Nyse Sted Moe
Fstuc
Plerty
Genel
Rolline
At&t
Asa Sears
Ag ‘i
HK SouthCo
Baxter
Hilton
Beazer
Whit Boeing
Borsel
Carlisle
Mart
Yay
Lally Vada
Ta Wraery Chase
Bonyaru Pilg LaPac
Unocal
Sts Bpia
Ciliwerp
MGMUA
Merck
A Morgan
Mighty
Cntico
Ella
Pha Wa
PacGe
Endesa
Pepsico
Mustang fire victim can sue Ford, court rules
Fort Lauderdale woman Mario Maline, burned in a 1985 Ford Mustang fire, wins a appellate ruling allowing her Florida suit to proceed under Michigan law. The 6th U.S. Circuit Court of Appeals decision enables a trial, amid long legal battles across Florida and Michigan.
MENTIONED IN THIS ARTICLE
Mustang
Ford
Fort Lauderdale
Fla
Mario Maline
Ford Motor Co
U.S. Court of Appeals
Cincinnati
Fort Pierce, Fla
Michigan
Mahne
Florida
Manne
Ricci
U.S
Grain bids reported by Lorain County Farm Bureau Cooperative
Lorain County Farm Bureau Cooperative reported yesterday's grain market close with bids for Wheat at 352 dollars per bushel Shelled corn at 27 dollars per bushel Oats at 1.50 dollars per bushel and Soybeans at 5.57 dollars per bushel The report highlights local price levels from a county cooperative market update.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association
Ino
Goodrich-Michelin merger near with Uniroyal Goodrich
Goodrich CEO says Michelin plans to buy Uniroyal Goodrich for 1.5 billion dollars pending Justice Department approval expected this week. Shareholders heard that the deal could close early next week while regulators review potential antitrust concerns.
MENTIONED IN THIS ARTICLE
New York
Michelin
Justice Department
Goodrich Tire Co
B.F. Goodrich
John D. Ong
Ong
Goodrich
James
Morton
Uniroyal Goodrich
Akron
Department
Justice
James Bill
Clayton & Dubilier
Also Mentioned on This Page
The
U.S. Chamber of Commerce
Company
Ingersoll- Rand
Chamber of Commerce
Cee
Wall St
Dow
Creston Livestock
Malone
Edward Ricci
Llam
Pierre R Smith
Acme Cleve Bly Added Corporation
Alltel
Center
AmerShip
CPC Inter Inv
Emerson
First Bancorp Goodrich
Invacare
LCE Bancorp Lnb Bancorp
Lescoine
Nordson
Northern Savings
Ohig
Wdason
PNC Corp
Parker Hannifin & Bh Sinucker
Sunrise Medical Oy
Woolwarth
Mid-Am Inc At Mutuals
Whst Mutual
Dreyfus
Pidelity
Incore
Templeton
World
Vanguard
Wellington
Thre
Michelin Near
Knight-Ridder Newspapers
Panasonic
ROYAL
Cleveland Street
Elyria
Mon
Lorain
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