Ford's three year wage freeze proposed in UAW talks
Auto Workers react to Ford’s initial offer which freezes base wages for three years and pays lump sums only in year one while keeping benefits. No job security or outsourcing details are provided. UAW leaders urge protection of layoffs and open-job rules as GM faces a second proposal. Contracts for Ford and GM workers expire Sept 14.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
United Auto Workers
Ford Motor Co
Ford
Detroit Free Press
Detroit News
UAW
John Coleman
Memphis
Jim Zablonski
Buffalo
N.Y
Stephen Yokich
Yokich
Chrysler Corp
Metal prices report from New York markets
Closing prices listed for COMEX and Merc markets include Gold at 455.40 per ounce and Silver at 7.533 per ounce, Platinum at 609.00 per ounce, and spot nonferrous metals with Aluminum 0.7975 per pound Copper 0.6670 per pound Lead 0.42 per pound Zinc 0.4748 per pound Tin 4.1715 per pound and Mercury 310-330 per 76 lb flask.
MENTIONED IN THIS ARTICLE
New York
U.S
Inflation fears drag down stocks and bonds on Wall Street
Inflation fears and tight credit raise concerns over U S consumer demand for foreign goods. On Thursday the Dow fell 26.79 to 2675.06 while broader indices also declined as investors worried about higher rates and a stronger dollar. The 30 year Treasury dropped, yields rose above 9 percent as the dollar weakened against the yen and pfennig amid central bank intervention fears.
MENTIONED IN THIS ARTICLE
U.S
Wall Street
Nordson posts 23 percent rise in q3 sales
Nordson Corp reports 1987 third quarter net income of 6.145 million on sales of 51.492 million, 58 cents per share, up from 1986. First nine months income 18.238 million on sales 151.375 million, 1.74 per share, with 26 percent nine‑month sales growth and 16 percent volume gain.
MENTIONED IN THIS ARTICLE
PepsiCo
Saloma
SunCo
SunMa
USX
SBS
Ucarb
Ye Unisys
UsWest
UnTech
Ye Ohn
Pierre R. Smith
Fon Acme
Ailes Corporation
AmerShip
TM American Standard
Center For
Central Bancorp
CPC Inter. Inc
Emerson
First Bancorp
Fruehauf Aus Goodrich
Invacare AM
LCB Bancorp
LNB Bancorp
Inc
Nordson Mie Northern Savings
Ohio Ison
Parker Hamifin
Westlake — Nordson Corp
Lipper — Mutual Fund
Lipper Analytical Services
Kidron auction reports heavier consignments and solid prices
Kidron livestock consignments were heavier than recent weeks at the Kidron Auction. Hogs sold mainly at 52.50 to 60.50 per hundredweight, feeder pigs improved with 25 to 60 lb ranges, and Holstein calves 95 to 120 lb brought 170 to 645. Dairy cattle remained strong with cows up to 1235 and heifers to 1010. Hay demand remained excellent with third cutting up to 125 per ton. Total head 2450 from 603 consignors.
MENTIONED IN THIS ARTICLE
Kidron
Invey
Also Mentioned on This Page
Auto Workers Coal
Tenn
Ford Motor Company
General Motors Corp
Tis
Donald Ephlin
Free Press
NYSE
Alcoa
Afamis
At&t
Amoco
Baxter
Boeing
Aim
Dreyfus
IBM
McGrh
Ros Ee Merck
Mutuals
Sell Buy
Amer-Wash Mutual
Fidelity-Puritan
Hancock-Bond
Fin
MIT
National-Bond
Price
Templin
Growth
World
Vanguard-Wellgtn
Associated Press
Federal Reserve Board
Treasury Department
Nordson
Kidron Livestock
Central Trust
the Central Trust Company
Bank
Stewart's
Lorain County
Amana
Stewart
Cleveland
Elyria
Rampart Institutional Investors, Inc
Yal
OrCall
Vince Rama
Susan Galaska
Prudential-Bache
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