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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 23, 1993
Page
7
Wall Street largely dislikes the tax and budget reform yet markets reacted positively. Bond yields fell to generation lows while the Dow surpassed 3600 as stocks rallied. Analysts cite reduced deficits and tax-rate structure, noting higher capital gains incentives favor stock ownership and market optimism amid policy uncertainty.
Berlin AP Volkswagen dismissed reports that purchasing chief Jose Ignacio Lopez de Armoriua will resign amid claims he stole secret GM documents. Prosecutors in Germany and the United States probe the allegations, while VW and GM dispute the extent and impact of any disclosures. The dispute draws concern from Germany as officials seek to ease tensions between VW and Opel GM's European unit.
The Cleveland World Trade Association plans a series of executive seminars starting Oct 12 and alternating every other Tuesday through Dec 7 at the University Club. The events cover international trade and export, with contact numbers 621-3300 for details.
In Monterrey and beyond Pepsi eyes a global rise as Manuel Rubiralta expands operations in Mexico. Coca Cola remains the steady world leader as both firms invest billions abroad to build bottling plants and distribution networks amid rising foreign demand.
CINCINNATI AP The Meyer Dairy Co and the Ohio attorney general near signing a multimillion dollar settlement after the dairy admitted price fixing on school milk contracts. James Kruer said details were worked out last week and paperwork remains. President David Meyer signed the agreement Saturday and restitution was to be paid today as part of the statewide bid rigging probe. Ohio has sued five other dairies in the case.
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