GM to lay off 11,000 as auto sales slump deepens
Detroit sources say General Motors will indefinitely lay off 11,000 workers and cut production at 26 U.S. plants starting Jan 2 amid a 21.3 percent fall in November auto sales from last year. Ford and Chrysler also report heavy cuts while overall industry volumes remain far below 1974-75 recession levels.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
U.S
Arlington
Texas
Baltimore
Gordon
Ford
Chrysler Corp
UAW opposes Chrysler wage freeze amid bankruptcy rescue
United Auto Workers President Douglas Fraser says members would rather see Chrysler go out of business than accept a three year wage freeze. The stance affects pending government loan guarantees and faces Senate and House action as Congress nears adjournment. Fraser noted White House opposition to Lugar Tsongas plan and described administration views as unworkable.
MENTIONED IN THIS ARTICLE
Washington
UPI
Auto Workers
Chrysler Corp
United Auto Workers
Douglas Fraser
Senate
House
Congress
Fraser
Chrysler
White House
Carter
Richard Lugar
R-Ind
Paul Tsongas
D-Mass
Senate Banking Committee
House Banking Committee
UAW
Small Business Administration
SBA
A. Vernon Weaver
Weaver
Tenna Corp seeks bankruptcy amid cash flow crisis
Tenna Corp Cleveland plans to file for bankruptcy under the Federal Bankruptcy Act citing severe cash flow problems and losses from operations. Slowed auto production hit sales. cessation of auto sound equipment lines will trim about 24 million in sales for the year ending Jan 31 1980.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Tenna Corp
Tenna
SBA
Cedar Point park put up for sale at 99 million ask
Cedar Point Inc directors will consider acquisition or merger as MCA Inc seeks to buy more Cedar Point stock at 31 a share. Kidder Peabody explores options while Cedar Point reports strong six month 1980 earnings and notes Valleyfair acquisition in 1978.
MENTIONED IN THIS ARTICLE
Sandusky, Ohio
UPI
Cedar Point
Cedar Point Inc
MCA Inc
Universal Studios
MCA
Kidder, Peabody, Inc
Valleyfair
Minneapolis
Market rallies sharply on Iran settlement hopes
The stock market surged in active trading as hopes for a U S Iran settlement spurred buying. The Dow Jones industrial average rose 7.94 to 832.35 in early trading, with gainers leading decliners by more than two to one on the NYSE.
MENTIONED IN THIS ARTICLE
New York
United States
Iran
Kemper Cp. ix
Alcolac Inc
Anderson Greer
Allegny Ludi
Hubbard Riest Agad2e
Murray Ohio
NYSE
Colonial Life x Company
Campbell Bank
Union Carbide
Oy Cyclops Cp
UPI
Uniroyal
Enc
O * US Steel
Allg Power
The
John
Allied Chem
West Umion
Amer Aurit
Westh
Elec
Fa Kemper
Ammer Brands
Westar
Ind
Amer Can
Ty Weyths
Waingee Ou
Mper Cyun
Yehite Mawr Winn Dinte
AEM Wet
Daw Woolworth
APS Inc
T Motors
Cf Xerox
Alba Waldensian
Amer
Tela Bas Zenith Radi &C
Ci Allen Group
Armeg
AmAgronames Co
Bert Howell
Gts Ms
Pierre Beatrice Foods
S Smith Co
Bobbie Brooks Bath Steel
Campbell RdLk
Borger
Campbell Tag
Randolpt
American Machine & Foundry
Lea Colonial Life Colaneve
X-Company
Bendis
Cyclops
Con Edison
Carl Ind
Delton Inaust
Nat Gas
Emerson
Dome Mines
Goodrich
Iat
Cook United Tate Cent Gr
TC Industries
BascoCo
Cortes
RY Wee Koehring
Economics Lab
Luar Siegler
Elgin Natind
Mid Continent
Ala Bashrs
Mulland-Ross Bboy
MassissippCp
Dar al M Ohra Editon National Gsplant
Bastern
Parker Hannifin
GenRad
Kodak
Searle
Grant Yellowkn
Keaton
Smucher
Evans
Toft Cw Southern Co
Hach
Chem
Sybron
Hamutton
Firestone &T Motor Abe Toledo Edison Bs
Ford
Caton Pacific Corp
Fuods
Ada Woolworth
Fws
Jamesway Co M
Tia Ah NewPlan Rity Q
Otoba Bate
Amer Royal
Grain Omega Optica
Ferodrich
Ear
Royster Co
Ty Sanders Assoc
Santa Monica Bk
Sharam Steel
Inco Ltd
Hary
Witeo Chem Co
le Kellogg
Rennerat
Stel
Valtel
McLouth
ALGO
Mobil Corp
Moss Nto
Motorla
Yay Disth
Stee
Norfolk
Corp
Owen
Penn
Pepsi Cola
White Blix
Muletral
Indus
Cremuer Inda
Roy Mid
Rockwell
Huhm
Serre Corp
Td Hrands
Mms Ltd
Rat Hind
Tennecn
Texurg
Timbon
Carp
Waltnet
Ohio egg price report shows steady wholesale levels
Butter eggs report from Columbus and New York lists egg sales to retailers in major Ohio cities with Large A eggs mostly 80-82 and mediums 78-80. Chicago USDA Midwest report shows wholesale prices yesterday with extra large 61, A large 60, mediums 58, smalls 47, breaking stock 49, checks 40.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
New York
USDA
Chicago
Midwest
Also Mentioned on This Page
A-10
Chronicle-Telegram
Etyria
James V. Higgins
B. MacKenzie
Ford Motor Co
Brazil
Elliott M. Estes
By Drew von Bergen
Tenna Corporation
Citizens Federal
Citizens Federal Savings & Loan
Fort Shemeer
Granch
Berea
Bedford
Baysmeye
North Royalton
Lyndhurst
Bynbridge
Willoughby
Henna Buillding
Nora Olmated
Swan Lake
Rocky River
Strongayile
Brecksville
F. Jumbo Tote
Tradi Cardsiee
Es OG
Jrnd
STE
Syms
Otter's
Lorain County Farm Bureau Cooperative Association, Inc
Mutuals
Amer -Wash Mutual
Pidelity-Purtan
Sohn Hancock
Keogh
Pierre A. Smith & CO
Elyria
Philadelphia Stock Exchange
SIPC
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