TRW pleads guilty to overcharging the government
TRW Inc pleaded guilty to conspiring to overcharge the government for military aircraft and tank parts and agreed to pay 3 million in fines and penalties. The company also advanced 3 million toward restitution to the Defense Department while a civil case decides the final amount. Four former TRW employees have pleaded guilty, and a fifth awaits trial in September.
MENTIONED IN THIS ARTICLE
Cleveland
TRW Inc
Patrick McLaughlin
TRW
Department of Defense
McLaughlin
Lawrence
Defense Department
Charles Broome
Economy Keeps Growing Despite Inflation and Higher Rates
The Commerce Department reported a 3.3 percent annual growth in GDP for Q2 driven by profits at corporations rising 11.5 percent to $166.6 billion, while inflation surged 5.1 percent. Higher domestic inflation and rising foreign rates spooked markets with the Dow losing 15.82 points to 2010.85 and 30-year Treasuries yielding 9.44 percent. Existing home sales fell 5 percent in July as mortgage costs climbed.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Department
Federal Reserve
Wall Street
Treasury
National Association of Realtors
Airlines raise discount fares in staged hikes nationwide
Knight Ridder reports major U S airlines will lift discount fares by 2 to 20 dollars per ticket starting September 1 1980 officials confirmed Thursday The increases vary by mileage with modest rises on shorter trips and larger jumps on longer itineraries Delta will raise the Miami to Seattle fare to 338 while New York to Florida routes remain mostly untouched due to Northwest service patterns
MENTIONED IN THIS ARTICLE
Northwest Airlines
Eastern Airlines
Continental Airlines
Pan American World Airways
American Airlines
Delta Air Lines
Eastern
Paula Musto
New York
Delta
Fort Lauderdale-Hollywood
West Palm Beach
Miami
Seattle
Kidron Livestock Auction Report Highlights Mixed Market
Kidron consignments Thursday showed lighter overall receipts. Market hogs rose with good hogs at 47 to 545, feeder pigs strong, Holstein bull calves in great demand, Holstein cows down to 44 to 37.75, bay prices steady for second and third cuttings, cattle and sheep varying by class, with total head 2 consignors 531. Feed and hay costs noted with straw and ear corn prices listed.
MENTIONED IN THIS ARTICLE
Kidron
Egg prices hit Columbus markets across Ohio
AP reports wholesale egg prices to retailers in major Ohio cities with cartons delivered. Extra large 65 to 68 cents, large 64 to 68, medium 8 to 51, small 25 to 38 cents per dozen, reflecting current market rates in Columbus and surrounding areas.
MENTIONED IN THIS ARTICLE
Columbes
Ohio
Metal prices rise and fall in New York markets
AP reports closing prices on the Comex and Merc for metals including gold at 432.80 per troy ounce, silver at 36.708 per troy ounce, platinum at 547.70, aluminum 125.75 per pound, copper 1.0235 cents per pound, lead 36-33 cents, tin 4.6311 per pound, and mercury 355-385 per 75 lb, noting spot prices and weekly composite figures.
MENTIONED IN THIS ARTICLE
New York
Lorain County Grain Prices at Market Close
Lorain County farmers watched the Boreas Cooperative Association market close with Wheat at 350 Shelied per bushel, Corn at 294 per bushel, Oats at 2.99 per bushel, and Sorbesns at 3807 per bushel. The report records prices from local participants at yesterday’s grain sale.
MENTIONED IN THIS ARTICLE
Lorain County Farm Boreas Cooperative Association, Inc
Also Mentioned on This Page
Govt
PRW
William B. Lawrence
George W. White
Hyse Tistet
Polaront
Bascor
BSF
Ernst
Eocabl
Exxon
Acte
Pierre R_ Smith & Co
Allied Corporation
GmotSe
Alltel
eePac
AmerShip
Bs Gaile A
Bias
Lesce Inc. Sonnin
Kmani
Northern Savings
Ohio Edison
Palc. Corp
Ayoget
Parker Hannifin Masco
Sunrise Medical
Texas
Woolworth
MSU
Rew
York International
Mobil
Morgan
Motorla
FIST
Robert Dederick
The
Northern Trust Co
Chicago
West Germany
Knight-Ridder Newspapers
Kidron Livestock
Mutuals
Amer-Wash Mutual
Fidelio Puritan
Hancock-Bone
Fass Pro -Mit
National-Bord
Preetecome
Templta-Growth Temples Works
Vanguard-Weligin Hit
Office OF Control
Smith Corona
Eee
Tal
ROYAL
Cleveland Street
Elyria
Torain
EST Bank
Equal Opportunity Lender
Elyria Savings & Trust National Bank
FDIC
First Bancorporation of Ohio
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