Bell Atlantic settles with two unions on tentative three year pact
Bell Atlantic Corp and two unions representing about 52,000 workers reach a tentative contract after a three month bargaining marathon. The 11.74 percent wage rise over three years includes pension and profit sharing gains and a retiree health benefits issue to be revisited in 1995. Negotiations shift to local issues with retroactive pay possible if settled by Friday.
MENTIONED IN THIS ARTICLE
Bell Atlantic Corp
Communications Workers of America
Bell Avantinnenboog
International
Brothernega 1 Electrical Workers
Bell Atlantic
Dollar slides to record low against mark amid weak U S economy
The dollar closed at 1.4315 marks in New York, a fresh all time low amid ongoing declines spurred by interest rate gaps and a sluggish U S economy as traders cite no single trigger. The trend follows months of depreciation and uncertainty around the presidential race. A separate ruling held an advertising agency liable for nearly 1 million dollars for false razor claims by Wilkinson Sword ads.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
U.S
Wilkinson Sword Inc
Kimba Wood
Friedman Benjamin Inc
Ford to halt production at Halewood plant for week
Ford Motor Co Ltd Britain largest car maker will suspend car production for the week of September 21 at the Halewood plant on Merseyside due to sluggish demand. Workers will keep basic pay but miss shift differentials and other pay under union contracts, raising fears of layoffs if the economy does not improve.
MENTIONED IN THIS ARTICLE
London
Ford Motor Co. Ltd
Britain
Ford
Halewood
Merseyside
LSI Logic to Cut Costs with German Plant Shutdown
Chipmaker LSI Logic Corp. expects a quarterly loss over 100 million due to restructuring including the closure of a German plant and 175 U.S. layoffs. A one time charge up to 110 million will be recorded in the third quarter as it faces severe price cutting and aims to return to profit in Q4.
MENTIONED IN THIS ARTICLE
Milpitas, Calif
LSI Logic Corp
U.S
LSI
Japanese shares rally as dollar slips on bailout hopes
Tokyo stocks surged in volatile trading led by the Nikkei which rose above 17,000 intraday and closed up 411.08 points at 16,627.96 as investor optimism grows over government measures to revive the economy. Turnover topped 570 million shares with the TOPIX and broader gains led by renewed confidence in a bottoming market. The dollar fell to 125.33 yen amid signs of a weaker greenback and brisk spot trading totaling $7.89 billion.
MENTIONED IN THIS ARTICLE
Tokyo
Cratic
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Leslie Cauley
Baltimore Sur
Baby Bells
At&t
Oe Atlantic
Mark
Wilkinson Sword Ad Agency
Washington
Bush Administration
Beijing
United States
Honeywell Inc
Minneapolis
Honeywell
Kodak
Konica
Kyocera
Canon
Matsushita
Nikon
Premier
Exxon Corp
Exec
Irving, Texas
Rene Dahan
Exxon Co. International
Sidney Reso
Dahan
Exxon International
Florham Park
N.J
North America
Tara Vayda
LaGrange
Jennifer Carpenter
Amherst
Sheffield Shop
Hope Kinchen
Ping Center
Logic Corp
Chipmaker
Kiichi Miyazawa
Hisashi Koizumi
Kankaku Securities
Koizumi
Liberal Demo
Telex N . Tenhrit
Tetam Teyru Lamm Me
Chrysir
Cilicorp Wat
Ty Goodyr
Hannon
Disney S
JohnJn
Amoco
aAnheus
E— DuPont
EnroGa
Exxon
M- BallSo
Save
Merlyn
Neviste
Mike
LNB Bancorp Gow
Ownil N Reo
Pwleo Wi
Aja Aeve Ucard
Percom
Unisys
Penney Tc
Pier
US Sur
Northern Savings
P.N.C
WalMart
Sanrise Medical
Haish
Isa
Texas
Yorkin
Woolworth
I Tel
Smits Co
Wwe
Allied Colpicatan
Alltel
Ua AmerShip
Powaive
Seein Terse A CoBancorp Inc
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