Lorain steel lockout hurts local business and jobs
The USX five month work stoppage hits Lorain economy as layoff fears linger. Restaurateur Frank DeLuca, out of work from U S Steel, closes Paisano's after losses, while merchants report slowed spending. Lockout specials at Minotti's reflect reduced purchasing and continued patronage despite hardship.
MENTIONED IN THIS ARTICLE
Lorain
Frank DeLuca
U.S. Steel Corp
DeLuca
U.S. Steel
USX Corp
Lorain Works
Paisano’s
West Erie Ave
USX
Minotti’s Beverages
Pearl Ave
Scott Dorrance
Busch
Miller
Stanley Piyor
Lorain National Bank
U.S
Ford
Chapman's Beverages
Janine Exner
Lorain merchants cope as USX plant stoppage bites traffic
In Lorain, near the USX plant gates, pedestrian traffic and sales at Korner Variety and New York Deli fall with the work stoppage. Merchants adapt while workers await settlement likely by March as local leaders point to improving overall economy and past recoveries.
MENTIONED IN THIS ARTICLE
Lorain
USX Corp
Korner Variety Store
28Th St
Pearl Avenue
Korner Variety
Grove Avenue
Eugene Katz
New York
Grove Ave
VCRs feel the squeeze as USX strike trims Lorain rentals
Lorain stores report a drop in video rentals amid a five month USX steel strike. At Video Playback, rentals fell 20-25 percent as workers show USX IDs for deals and coupons. Some shops offer free rentals or discounts to USX members while Avon Lake theaters note seasonal attendance shifts.
MENTIONED IN THIS ARTICLE
Lorain
USX Corp
42Nd &T
Kathy Clark
USX
Chronicle-Telegram
Family Video
Fourth St
Network Video
Oberlin Ave
Cinema Transit
G. Street
Barb Stafford
Stafford
Avon Lake
Larry Hosier
Hosier
Clint Eastwood
Pension funds push to ban poison pills amid hostile takeovers
San Jose California Janice Hester heads part of the California State Teachers Retirement Fund guiding about 20 billion dollars for 478000 teachers. Pension funds form a campaign with the Council of Institutional Investors to curb poison pills, arguing they disenfranchise owners and hurt long term growth while clinging to executive jobs.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Janice Hester
Hester
California State Teachers Retirement Fund
Martin Lipton
Wall Street
Council of Institutional Investors
Washington
California
Jesse Unruh
U.S
Securities Industry Association
Delaware Supreme Court
United Shareholders Association
T. Boone Pickens
California State Teachers Fund
Longs Drug Stores Corp
Walnut Creek
Honeywell Inc
Minneapolis
NCR Corp
Dayton
Ohio
Jose Arau
California Public Employees Retirement System
Arau
Also Mentioned on This Page
Amy Richards
C-T Business
Dorrance
Katz
the Dell
John Celina
John
Celina
Lorain County
Pijor
Ford Motor Co
Cuyahoga County
Twe
Robert Kowalczyk
Clark
John Schneidawind
Knight-Ridder Newspapers
Lipton
Securities and Exchange Commission
SEC
William H. Strong
Salomon Brothers Inc
Strong
Watkins-Johnson
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