GM reports first quarter profit but warns troubles persist
GM earned 179 million in the first quarter on 32 billion in sales, returning to profit for the first time in nearly two years. Chairman Robert Stempel said results show progress yet cautioned that external directors aim for faster cost cuts and plant closings, while the company works to overcome ongoing North American overcapacity and weak economic recovery.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Chicago
General Motors Corp
Robert Stempel
Stempel
Society of American Business Editors and Writers
Gms
Procter & Gamble
John Smale
Smale
David Cole
Office
University of Michigan
North America
Lloyd Reuss
North American
USX steel unit rebounds with $22 million first quarter
USX Corp. reports a $22 million first quarter profit for its U S Steel Group, offset by weak demand and low prices. Marathon Oil fell to $35 million, while restructuring charges and a fire at Mon Valley Works weighed on results.
MENTIONED IN THIS ARTICLE
Pittsburgh
USX Corp
U.S
Marathon
U.S. Steel Group
USX
Charles A Corry
Bradford
Marathon Group
Ohio taxes rise faster than nation as income falls
The Ohio Public Expenditure Council finds state and local taxes per person rose 124 percent from 1980 to 1990, above the 104 percent national average, while personal income in Ohio dropped to 17,564 in 1990. Ohio ranked seventh in per person tax growth and 22nd in income, with signs of manufacturing decline and services expanding.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Connecticut
Mississippi
Donald Berno
Judge clears way for UPI auction block
A bankruptcy judge approved UPI to be auctioned on May 12 in Washington. The 85 year old wire service has been under court protection since last August and warned it could be out of business by May 15 without a new owner. Creditor committee and representatives expect bidders to emerge to avert liquidation. Attorney Dennis O'Dea said predatory buyers chased the firm as it neared collapse.
MENTIONED IN THIS ARTICLE
New York
Adle
NYSE
Merck
Mobil
Asia
Nike
Tie Amoco
aData
Anheus
ParCom
Sat Archon
Bale
ParkDri
Ne Arkia
SskrHu
Penney
Te Bankam
Pepsic
Phizer
Baxter
Boeing
He Schrpi
Te Schimb
Bullen
Sears
BriRsc
CMS Eng
Chase
Sherwin
SouthCo
Coltec
Comare
Texaco
Unisys Usairg
Cooper
DuPont
Exxon
Williams
Pierre R. Smith
ErpiMc
Acme Cleve GenEl
Aly Ava Ay Allied Corporation
Glaxos
Alltel
AmerShip Building
Glenfed
Va Grace
Lit Gram
CPC Inter Inc
GSI
Hanson
First Bancorp
Heinz 1B
Bae Hs
Goodach
Bancorp
Imcera
LNE Bancorp
Lesco Inc
Bee Wet Mid-Am Inc
Nordson
Texas Utilities
Bet
Woolworth
F.W
Mon Valley Works
Pennsylvania
Corry
Charles A. Bradford
UBS Securities
UPI
News Wire
Dennis O'Dea
Japanese transplants revive Great Lakes industry in Ohio
The piece describes Japanese investments reshaping the Great Lakes region, highlighting Lorain County with Ford Nissan and USS Kobe joint ventures and LTV Sumitomo in Cleveland. It notes Avon Lake and Marysville Ohio as key sites, with Ohio and neighboring states forming a unique auto and steel transplant corridor driven by Japanese methods and just in time production.
MENTIONED IN THIS ARTICLE
Great Lakes States
Ohio
Lorain County
United States
Ford-Nissan
Uss-Kobe
Cleveland
Cleveland-Akron-Lorain- Elyria
Sonnac Nna Eh Pty
Kaida
Kenney
Lorain
U.S
U.S. Steel
USS
Kobe
Lorain Mall
US Steel
USX
Marathon Oil
Kohe
Puredace
Minnesota
Pennsylvania
Honda
Marysville
Toyota General Motors
Fremont
Calif
Ontario
Tennesee
Florida
Monongahela Valley
Michigan
Indiana
Avon Lake
Laaaemoe
Andy State
Arithmaen Thinenen Ae Bn
Also Mentioned on This Page
Stan Beale
Lincoln Park
Mich
Detroit
Beale
As Moderniza
Alaska
Berno
Berne
Washington Post
Washington
United Press International
Richard Florida
Carnegie-Mellon University
Martin Kenney
University of California At Davis
Fordist
Henry Ford
American Planning Association Journal
LSE
Wayne County
Mazda
Flat Rock
National Nkk Steel
Ecorse
Fred McGunagle
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