New steel mill brings job hopes to Youngstown
In Youngstown an old Brier Hill mill is being revived by Hunt Steel, creating 500 new jobs as production starts on seamless pipe for oil and gas well drilling. The 60 million renovation reopens a once bright plant now modernized, with 200 workers ready to grow to 500.
MENTIONED IN THIS ARTICLE
Youngstown
Hunt Steel
Mahoning Valley
Brier Hill
Hunt
Hunt Energy Co
Salem
Phillip Richley
Robert Williams
Williams
Unemployment soars to 10.8 percent in November
The national jobless rate jumped to 10.8 percent in November, with Reagan calling the Labor Department report a continuing tragedy. The rise from October’s 10.4 percent surpassed forecasts, as unemployment hit four-decade highs across most groups except Blacks, whose rate stayed at 20.2 percent. In Detroit, car sales by the five major automakers rose 14.9 percent in the last 10 days of November, with imports setting a November record for cars sold per day.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Labor Department
U.S
Detroit
Opening stocks little changed as rates eyed
New York trading opened with the Dow at 1031.36, flat from Friday. Analysts noted no early sign of a recovery as the NA M report warned of weak orders and production. Chrysler rose modestly while Exxon and AT&T fell. overall volume eased and the NYSE composite edged down slightly.
MENTIONED IN THIS ARTICLE
New York
National Association of Purchasing Management
Chrysler
Exxon
American Telephone & Telegraph
Dow Jones
NYSE
American Stock Exchange
Classified Hotline Note on Plant Funding
The Chronicle Telegram notes that the corporation's decision is not an actual commitment of money to the three plants. The ad line indicates a hotline for classified ads remains available for reader inquiries.
Holiday bonuses fade as firms cut pay
DAYTON AP Many companies in the Dayton area will not grant holiday bonuses this year amid tight costs. Curiron Co. reduced salaries by 5 percent for about 400 salaried workers and froze incentives for some 100 managers. Top executives usually rely on these bonuses as a significant income portion, while others note salaries are set lower but offset by incentives.
MENTIONED IN THIS ARTICLE
Dayton
Dayton-area
Curiron Co
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Dow
Pierre R Smith Co
Acme Cleve
Mid-Continent
Tel
North Carolina
Cali- Midland-Ross
National Gypsum
Fornia
New Ohio Edison
Mexico
Parker Hannifin
Searle (Gd)co
Smucker
Southern Co
Sybron
Texas Utilities
Toledo Edison
Union Pacific Corp
Synthetic Fuels Woolworth
Gia Corp
DIAL
Chronicle-Telegram
Business News
Laguna Niguel
Santa Ana
Calif
Duriron
Jack Lilienthal
Larry Frisch
Arko
Mid-Ohio Securities Corp
Ronrenn
Elyria
Spritver Park Plaza Brlg
Sroad St
Brrie
Third Street
Pioneer Federal
Division of Freedom
Federal Savings & Loan
Columbus
Chic
N. Abbe Road
Lorain
Harold Rorick
THE
Travelers Insurance Company
Hartford
Connecticut
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