Stock Market Recovers After Three-Week Slide
The Dow Jones rose 8.70 to 917.15 on Friday, finishing the week down 39.08 points. Gold and silver advanced on the Commodity Exchange with gold up 7.50 to 580 and silver 0.77 to 16.00, while Standard Oil of Indiana gained 1% to 83, Mobil to 61, and Texaco to 47. Old issues paced the day’s gains.
MENTIONED IN THIS ARTICLE
Commodity Exchange
New York
Standard Oil
Indiana
Mobil
Texaco
Dow Jones
New York Stock Exchange
Ha & Con Edison
Alcoa
Consul
AMAX
Cook United
Curtiss Wr
Dayton
Det Edison
Am Motor
Dia
Dau Aerts
DuPont
Armco
Bell Howl
Eastman Kodak
Eaton
GAM
Bendix
The
Evans Prod
Beth Steel
Brks
Firestone
Ford Mt
Cfo Pac
Gen Foods
He Gen Motors
Coca Cola
Textile workers win five million dollar settlement
More than 500 former textile workers or heirs will share five million dollars in the longest back pay settlement negotiated by the National Labor Relations Board. The settlement covers 439 living workers and 114 deceased workers’ heirs from the Darlington plant closed by Deering Milliken in 1996.
MENTIONED IN THIS ARTICLE
Florence, S.C
UPI
National Labor Relations Board
NLRB
Milliken Corp
Deering-Milliken Co
Darlington Manufacturing Co
Tom Miller
Washington
Amalgamated Clothing and Textile Workers Union
Deering-Milliken
Darlington
Metzenbaum urges end to Fed tight money policy
Senator Howard Metzenbaum and seven colleagues sponsor a resolution opposing the Federal Reserve Board policy of high interest rates to curb inflation. He criticizes current monetary policy as a disaster and urges immediate action to halt further rate increases and lower rates.
MENTIONED IN THIS ARTICLE
Metzenbaum
Fed
Washington
UPI
Howard Metzenbaum
Ohio
Federal Reserve Board
Congress
World dollar declines as gold gains on international markets
The dollar dropped across major markets while gold surged over $20 an ounce. Gold prices rose to $580.50 in Zurich and $585.25 in London, with the pound up to 2.3360 dollars and the yen slipping to 208.00 per dollar in Asia.
MENTIONED IN THIS ARTICLE
London
UPI
Europe
Zurich
Lawsuit targets ads aiming to sway jurors in insurance cases
A judge ordered the Ohio Department of Insurance to issue a cease and desist against ads designed to influence jurors toward smaller verdicts. The suit filed by the Ohio Academy of Trial Lawyers and two plaintiffs in damage cases targets Crum & Forster and insurers including Aetna St Paul and Harleysville for promotions in leading magazines.
MENTIONED IN THIS ARTICLE
Ohio Department of Insurance
Franklin County Common Pleas
Frederick T. Williams
Ohio Academy of Trial Lawyers
Common Pleas Court
Williams
Crum & Forster
Insurance Companies
Aetna Life and Casualty
St. Paul Fire and Marine Insurance O
Harleysville Insurance Co
Credit bureau seeks ruling in fire inquiry
Lorain Credit Bureau chief asks common pleas court to block release of credit ratings and account details to Deputy State Fire Marshal Vincent L. Howard. Robert Pinkston says complying could violate federal law and faces jail threat over six bureau files. Judge Floyd D. Harris assigned the case.
MENTIONED IN THIS ARTICLE
Credit Bureau
The
Lorain Credit Bureau
Common Pleas Court
Robert Pinkston
Vincent L. Howard
Howard
Pinkston
Floyd D. Harris
Also Mentioned on This Page
Alcoholics Anonymous
Hay
Elyria
Grace
Hanna Min
IC Indust
Kennett
Laken Steel
Mattel
MGM Gr
Monsanto
Motorola
Nabisco
NatCan
North W
Olin Cp
Owens CF
Owens Ft
Penn 'L
Phil Pet
RCA
Rockwell
Reynolds Mt
Smucker
Beth Rd Ou Cad
Ltd Oil Ohio
Tenaco
Trans W Cp
TRW
WAL
US Steel
Westh Elec
Watvac
Mor
Woolworth
A.m
Pierre R. Smith Co
Amer, Mach & Foundry
Amer
Sit Cpc International, Inc. Sa
LC. Industries
Mid Continent
Tel
Midland Ross National Gypexm
Ohio Edison
Parker Hannifin
Searle (Gd) Co
BS Southern Co
the Union Pacific Corp
Woolworth (F
Pee ——S
Mid-Ohio Securities Corp
Loram Sila
Paz Gilg
Sos
Sénvh
U.A.W
UAW
Bendix & Waxaire
D Hearing Aid Inc
Court & Bread Sts
Byrin
Parker/Hunter
SIPC
Midway Plaza
Topo Ai Ai
D Records
Tapes OF Music Books
Phono Needles
Wagner Music & Audio
Douglas Bean
Textile Workers Union of America
ACTWU
Scott Heyman
Florence Armory
Deborah Green
Caputo’s Pizza House
West River Road
Gene Krebs
Business News
Robert Penick
Frankfurt
Paris
Brussels
Milan
Bureau
Fazio’s
Midway Mall
Krementz
Speidel
Tru-Kay
Jewelers
Osterman
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