USX stock faces pressure from steel unit image
Pittsburgh analysts say the mediocre perception of USX Corp and its Marathon unit hurts share value while oil and energy divisions drive profit. They favor separating Marathon from U S Steel to unlock value, noting past Icahn proposals were defeated.
MENTIONED IN THIS ARTICLE
USX
Pittsburgh
USX Corp
Marathon Oil
Middle East
U.S
Marathon
U.S. Steel
Robin Shoemaker
Shearson Lehman Hutton
U.S. Steel Corp
Icahn
Findlay
GM raises 1991 car and truck prices across the industry
General Motors, joining Chrysler and Ford, announced average 1991 price increases for cars and trucks. Chrysler and Ford had already reported higher costs, with Chrysler up 0.9 percent and Ford up 3.2 percent on autos and 3.6 percent on trucks.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Chrysler Corp
Ford Motor Co
Ford
Chrysler
UAW
Judges consolidate asbestos liability lawsuits nationwide
Federal judges in Cleveland and Texas consolidate thousands of asbestos liability lawsuits in a class action move to clear backlogs. The ruling by Judge Robert M. Parker and Judge Thomas D. Lambros follows a meeting to consider resolving more than 100,000 lawsuits filed nationwide against asbestos producers for worker deaths and illnesses.
MENTIONED IN THIS ARTICLE
New York
Cleveland
Texas
Robert M. Parker
Beaumont
Thomas D. Lambros
GM parts strike looms with more layoff risk nationwide
The ongoing five day strike by UAW Local 659 over fuel tanks and other parts has idled 7,400 GM workers. Talks between GM and UAW continued as plants in Rochester Flint West Buick City Orion face potential closures due to shortages while two plants still hold partial stock for first shifts.
MENTIONED IN THIS ARTICLE
Traverse City
Mich
United Auto Workers Union
Chrysler Corp
UAW
Stan Marshall
Detroit
General Motors Corp
United Auto Workers
Rochester
Flint West
Larry Sills
UAW Local 659
Sills
AC Rochester
Buick-Oldsmobile-Cadillac
Buick
Arlington
Texas
Mike Seiler
Lloyd Reuss
Ypsilanti
Kuwait
Western Union Locks Out 2000 Workers in Contract Fight
Western Union Corp. locks out 2,000 CWA represented employees amid stalled contract talks. The company says replacements will not affect money transfers and other messaging services. CWA authorized a strike as negotiations continue. Replacements hailed from Bridgeton and Reno operations and Middletown computer centers.
MENTIONED IN THIS ARTICLE
Upper Saddle River
N.J
Western Union Corp
Western Union
CWA
Dan Beckstead
Beckstead
Bridgeton
Miss
Reno
Nev
Middletown
Gas prices rise nationwide as Middle East tension hits pumps
The Lundberg Survey of about 13 000 stations shows an average gas price of 1.27 94 a gallon including taxes on Friday, up 10.2 cents from July 20. Analyst Trilby Lundberg says refiners faced higher short term oil costs but dealers did not fully pass increases to customers, cutting margins by 0.8 cents a gallon.
MENTIONED IN THIS ARTICLE
Findlay
Ohio
Mobil
USX
Kuwait
Middle East
Texaco
Washington
Iraq
Labor Department
Los Angeles
Lundberg
Trilby Lundberg
U.S
Tomer
NYSE
New York
Marriot
Lew
Sue Maytag
Merck
Abarcks
Minair
Rae
Ae «& Morgan
Asva
Panam
Baxter
Belise
PepsiCo
Pfizer
Va Chase
Roylo
Citicorp
Transco
Exxon
Pierre R Smith
Fstuc
FundAm
Tw Allied Corporation
Va Alltel
GnMothr
Jae
AmerShop
GeniRe
FSA
We Center
Gillete
Sas
CPC Inter Inc
Glaxo Tee
Emerson
Gibm
First Bancorp Godrich
Als
Goodrich
Hanson le
Wa Hills Dent
Harnish
Me Invacare
Heciam Ose
HewlPh
He Ua Mi Lnb Bancorp
HmeFa
Va Northern Savings
ITT Cp
IBA Aba
Ohio Edison Int Pap
PNC Corp
Inturin
Va Ava
Parker Hannifin A Sriver
JonnJn
Sunrise Medical
u + Texas
Lillys
Tie Woolworth
Lilly
Mid-Am Inc
Also Mentioned on This Page
Texaco’s
Carl C. Icahn
George Gaspar
Robert W. Baird & Co
Milwaukee
Chicago
Tribune, Towers Perrin Inc
Wire Service
Stamford
Conn
United Parcel Service
Teamsters
William J. McCarthy
UPS
Eastern Ups
Eastern Airlines
Eastern
Midway Airlines
Northwest Airlines
GM Truck and Bus Group
Moraine
Shreveport
Pontiac
Communications Workers of America
Robert J. Amman
Panasonic
Fensure
Faluay
ROYAL
Cleveland Street
Elyria
Lorain
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