05 Dec 1997
Page 1
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 05, 1997
Page
1
Readable items note HC3 startup in KD aims to prosper. A Santa Claus GA piece reports foster child deaths. Dear Abby column cites brutal stepfather upheaval. Singer Co plans cut nearly 6000 jobs amid broader layoffs. Chronicle email contact listed.
USS Kobe Steel Co tied its 1997 losses to a weak year with a 45.3 million shortfall through September. President Chuderewicz declined to discuss specifics while union officials noted last year's 10 to 20 million gap. Analysts caution higher prices and a 1994 joint venture origin.
The document shows a quarter report with segment figures in millions. Semi finished products show a loss of 16.3, tubular products earn 12.4, bar mill records a loss of 33.1, interest costs of 8.4 and a net income of 45.3.
Thieves stole 340000 in food stamps from the Elyria Currency Exchange on Broad Street in a break in that police call an inside job. The theft occurred between 5 14 p m Monday and 5 30 a m Tuesday and involved locked doors and a cleaning crew who found the scene.
Families USA analyzed 1996 dropout rates for 158 HMOs with at least 1000 Medicare enrollees. Ohio plans averaged 11.2 percent turnover, with Paramount Health Care at 5 percent and Kaiser Foundation Health Plan at 6.2 percent among six state HMOs serving over 45,000 Ohio elders.
The ACLU of Ohio plans to send an attorney to Lorain to review the city's nativity scene as a prelude to a potential lawsuit. Officials moved last year’s holiday display from Veterans Park to a hospital site to head off a challenge amid murky case law.
The NBA suspended Latrell Sprewell for 12 months without pay for physically attacking coach P. J. Carlesimo twice during a Monday practice. Commissioner David Stern said the action sends a message that bad behavior won’t be tolerated.
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