Spanmaster Co. workers ratify four year contract
United Steelworkers Local 6645 members ratified a four year contract with Spanmaster Co. now owned by Watley Co. Spanmaster employs about 60 Local 6645 members and the pact runs from Sept. 10 with wage increases of 4 6 and 4 percent over the first three years. The union also backed Issue 3 casino gambling.
MENTIONED IN THIS ARTICLE
Avon Lake
United Steelworkers
Spanmaster Co
Ron Nau
United Steelworkers of America International Union
USW
Spanmaster
Watley Co
Texas
Spawmaster
Jervis B. Webb Co
Nau
July Retail Sales Edge Up Slightly Amid Oil Price Pressure
U S Commerce Department reports July retail sales rose 0.1 percent to 149.5 billion as analysts foresee weaker consumer spending due to higher oil costs. May and June revisions show stronger earlier results. A separate Center for Auto Safety request seeks a federal probe into door mounted seat belts in 5.5 million GM 1987 90 model cars after four deaths and five injuries.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
General Motors
Center For Auto Safety
The
National Highway Traffic Safety Administration
Center
Safety Administration
Jerry R. Curry
Banking premiums to rise sharply under FDIC plan
Regulators push the largest FDIC insurance premium increase in history to shore up bank deposit protection. The proposal, approved 5-0, would raise the 1990 rate of 12 cents per $100 to 19.5 cents per $100 in 1991, lifting premium income to $4.8 billion. A final vote and 30-day public comment follow.
MENTIONED IN THIS ARTICLE
Washington
The
Federal Deposit Insurance Corp
FDIC
Wall St Dow recovers from early losses
Wall Street moved higher in moderate trading as oil and gold futures eased and the Dow closed up 0.99 point at 2,747.77. The dollar slid toward a postwar low against the German mark while bond prices rallied and grains and livestock saw mixed moves.
MENTIONED IN THIS ARTICLE
Middle East
Dow Jones
U.S
Invacare chief challenges power outage at plant
Elyria Ohio Invacare Corp chief executive accuses Ohio Edison Co of inadequate circuit breakers and weak poles after a Monday outage halted computer operations at the Taylor Street plant and its nationwide warehouses. He cites $200,000 to $250,000 in losses and warns of future interruptions. Cash from Ohio Edison promises pole inspections and feeder line study while Mixon recalls prior utility fights.
MENTIONED IN THIS ARTICLE
Elyria
Invacare Corp
Ohio Edison Co
Taylor Street
A. Malachi Mixon
Mixon
Ohio Edison
North Ridgeville
Invacare
Malcolm Cash
Lake Erie
Elyria Telephone Co
Ohio
Auto sales slide as August pace sinks across major U.S. automakers
Detroit AP reports 10 largest U.S. automakers average daily sales fell to 27,419 Aug 1–10 from 33,660 a year earlier. Car sales down 20.7 percent and trucks 14.9 percent with Chrysler hit hardest at 38.6 percent drop. Honda also declines 15.7 percent while North American cars with Japanese names rise 11.5 percent.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Chrysler
Lee Iacocca
General Motors Corp
Ford Motor Co
North America
Tacocca
Flint parts workers ratify job security pact at GM plant
UAW Local 659 in Flint overwhelmingly ratified a local contract ending a six day strike that shut five GM assembly plants. The agreement promises job security through January 1, 1996. Leaders say the vote sends a message to Detroit negotiators amid broader talks with GM Ford and Chrysler.
MENTIONED IN THIS ARTICLE
Detroit
Flint
United Auto Workers and
General Motors Corp
UAW
John Maciarz
Maciarz
Rochester West
Duane Zuckschwerdt
Ford Motor
County grain prices at yesterday's market close
Loran County Farm Bureau Cooperative Association Inc reports grain prices from yesterday's market close. Wheat 247, Shelled Corn 264, Oats 125, Soybeans 592 per bushel.
MENTIONED IN THIS ARTICLE
Loran County Farm Bureau Cooperative Association. Inc
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Incom
Wall St
Dow
Panasonic
GoldStar
Ory
Smith
Feturn
Sre
Keh Aneen
Cleveland Street
Lorain
Cash
Lorain County
Iaccocca
Auto
Honda
Chrysler Corp
Windsor
Ont
Iacocca
Volvo
Renault
Fiat
Flint Parts
New York
NYSE
Ou&rd
AMR
EmrsEl
Exxon
AMD
Alcan
Wat Amax
Abarck S
Saae
Ford
Ve GenEl
At&t
Abia Amoco
Anheus
Goodyr
Hanson le
Bard
Bissie
Baxter
Boeings
Kmart
Va LesiFay
Vy Chase
Lowes
MCA Ee
Ye Hicorp
Masco
Ste
Merck
Conags
Contel
Cntico
Mabil
Hla
OPI
Monsan
Norsk S
Pacge
ParCom
PepsiCo
Phizer
PhilPet
Adve
Lay Rangro
ReyMi
Scotte
Sears
Abe
SouthCo
Tenaco
Texaco
Pierre R Smith
Aeme Cleve Atlied Corporation
Alitel
AmerShip
CPC Inter Inc
Emerson 3G
First Bancorp
Goofinch
Wr Hills Deptane Inyacare
LCB Banco Lnb Bancorp
Lesco Inc A Nordson Ra
Northern Savings
Ome
PNC Corp
Parker Bannifm
Smucker
Sunrise Medical
Texas Utilities
Woolworth
Mid-Am
Teh
Pers
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