Brush-Wellman profit rises in Q1 1997
Brush Wellman Inc. reports first quarter 1997 net income of 6.5 million dollars, up 26 percent from 5.2 million in Q1 1996. Earnings per share rise to 39 cents from 32 cents, while sales reach 100 million dollars, up 6 percent from 94 million. The Cleveland based firm, with a Lorain facility, supplies beryllium alloy and ceramic products and engineered material systems worldwide.
MENTIONED IN THIS ARTICLE
Cleveland
Brush Wellman Inc
Lorain
Millionaires' wealth to reach $24.4 trillion by 2100 study
Gemini Consulting and Merrill Lynch project that the global pool of investable wealth held by millionaires will rise from $16.6 trillion to $24.4 trillion by century end, driven by capitalism, trade liberalization, and offshore centers. Asia and Latin America show fastest growth as Switzerland maintains dominance but loses market share.
MENTIONED IN THIS ARTICLE
Gemini Consulting
Merrill Lynch
Gemini and
Merrill
Asia
Latin America
Steven Beck
Gemini
Beck
Switzerland
Luxembourg
Caribbean
Britain
Michael Giles
International
Giles
Ford Windsor Engine Plant to Gain Large Transfer Machine
Canada receives the final 70 by 26 foot transfer machine built by Comau in Turin for Windsor Engine Plant expansion. Two Antonov aircraft deliver 22 crates as a new annex gears up to start machining Vand V-10 blocks in July. The upgrade raises annual capacity to 800,000 engines by December and adds 275 jobs bringing total to about 1,900.
MENTIONED IN THIS ARTICLE
Windsor
Ontario
Ford
Comau
Turin
Italy
Annex
John Kennedy
Chrysler strike spreads across plants and countries
The 11 day Chrysler Detroit engine plant walkout triggers layoffs for 22,843 workers including 1,800 strikers across 16 plants in the United States Canada and Mexico. High level talks continue as the company resists outsourcing 300 UAW jobs while GM faces a separate 17 day strike in Oklahoma City.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Indiana
Michigan
Mexico
Chrysler
United States
Canada
General Motors Corp
Oklahoma City
Economic growth helps limit deficit
Washington reports fiscal 1997 gains from strong growth cutting deficits 13 percent below last year at midyear. March red ink totaled 21.3 billion, bringing October-March shortfall to 1113 billion, versus 127.7 billion in 1996’s first half. Economists expect full-year 1997 may fall below 1996’s 107 billion low.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Also Mentioned on This Page
Ray Richter
State Capitol
Sacramento
Calif
Lorain County Fairgrounds
Wellington
Ohio
Fairgrounds
Jack Goodbor
Wayne Dalton
Haas, Clopay and Taylor
Jack Goodbar
Brush-Wellman
the Chronicle-Telegram
Rodger Riney
Scottsdale
Schwab
Quick & Reilly
Fidelity
Waterhouse
Scottsdale Securities, Inc
Shire
SIPC
Discountbroker.com
Millionaires’ Club
George Graham
The
Financial Times
Credit Suisse
Union Bank of Switzerland
Swiss Bank Corp
Pictet & Cie
Lombard Odier
Lago Alberto
Saltillo
Tony Cervone
Baker RI
Avon Lake
930
Feder Larewol
Weill
Fourmew Park
Olmsted
Rudgeville
Rocky River
Seriipe
Yume
Rae Deat
Aula
Elyria
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