GM Faces Probes and Backlash Over Engine Switches
General Motors chairman Thomas A. Murphy blasted a proposed tax on gas guzzlers while the firm faces SEC and IRS scrutiny, EPA pollution-control failures, and a mass engine switch controversy involving Oldsmobiles with Chevrolet engines. The UAW leadership is changing, and consumer lawsuits rise as state attorneys general probe fraud and the FTC investigates. The Center for Auto Safety collects complaints at 1223 DuPont Circle, Washington DC 20036.
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Thomas A. Murphy
New York
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L. A. Wilson
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Center For Auto Safety
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Washington, D C
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Tribune Syndicate
Carter Warns Nation Energy Shortages With Urgent Speech
President Carter plans a formal Oval Office address to warn Americans the energy situation is dire and sacrifices are needed now to avert future shortages. He will unveil the energy policy in a joint session Wednesday and urge mandatory conservation measures. The speech airs at 8 p.m. EST on all networks.
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Oval Office
White House
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Steve Cauthen Day Draws Big Crowds and Big Bets
Racing fans celebrated Steve Cauthen as a wonder jockey with record rides and high attendance at Thistledown and River Downs. He earned 2300 dollars in mount pay plus a TV bonus and a potential bonus share, while owners profited from his victories beginning May 17 at Cincinnati's River Downs. He rode 462 winners since then and over 2 million in earnings for owners, with two winning weeks at Aqueduct and six winners in one day at a New York track, as he nears age milestones and weight changes.
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Angel Cordero
New York
Dynamo
Parents sue to reinstate son in Amherst school case
The Lehman family and their attorney say the suit proceeds with comment restricted. Amherst board had asked for a meeting via letter dated April 7. Ms Koury sought a meeting April 12 but officials declined due to absences and Sunshine Law timing. Mozilla noted Lehman filed suit instead of meeting with the board.
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Amherst Schools
Lehmans
Muzilla
DeBartolo eyes Indians buy amid NFL ownership limits
DeBartolo says he expects a proposal from Bonda this week to buy at least 80 percent of the Indians, with NFL approval and a right price. He doubts NFL opposition will derail the deal as the Indians would be a separate entity. Mileti withdraws as general partner while TBC Corp. becomes the new general partner. TIFFIN brief notes USW strike at Fry Foods Co affecting workers and protests.
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Cleveland Plain Dealer
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National Football League
Indians
Nick Mileti
Mileti
Cleveland Indians Co
TBC Corp
Tiffin
Ohio
UPI
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Fry Foods Co
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Lorain National Offers Capital Notes To Investors
Lorain National Bank plans to sell 300000 dollars of 10 year subordinated capital notes after approval by the Comptroller of the Currency. Bank president Stanley G Piyor says the notes offer higher returns than CDs or savings, with 8 percent interest accruing from May. Purchasers choose monthly or quarterly payment dates, with minimum denominations at any of Lorain County’s 13 offices.
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Washington
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Lorain County
Coffeehouse concert by Keith Bach in Lorain County College
Singer guitarist Keith Bach will perform at a free Lorain County Community College coffeehouse concert Thursday at 7:30 p.m. in the basement activities room.
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Coffeehouse
Sipeecacid
Keith Bachman
Lorain County Community College
Market Opens Mixed Amid Carter Energy Speech Hints
Wall Street opened mixed as 459 NYSE issues trade with the Dow dipping slightly after a prior weekly gain. Investors awaited President Carter’s energy program address to Congress and a market outlook with oil supply questions lingering amid upbeat factory output and a record weekly stock surge last week.
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