Giants AT&T IBM and Gillette announce large layoffs
AT&T plans up to 27 400 job cuts and IBM invites early retirements for over 10 000 U S workers as part of a broad trim. Gillette to cut about 2 400 jobs amid a restructuring after its takeover battle with Revlon and plans divestments.
MENTIONED IN THIS ARTICLE
New York
At&t
IBM
American Telephone & Telegraph Co
International Business Machines
U.S
Canada
France
United Kingdom
Netherlands
Gillette Co
Gillette
Revlon Group Inc
Ronald O. Perelman
James Olson
Egg Prices in Ohio Markets Reported
In Columbus and major Ohio cities eggs to retailers edged higher with cartons delivering for extra large 73 to 76 cents, large 72 to 75, medium 62 to 65, small 48 to 57 cents per dozen. Light-type hens were too few to report.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Metal Prices and Grain Bids Report
Closing commodities prices show gold at 39.80 per ounce and silver at 5.395 per ounce on Comex. Platinum trades at 481.10 per ounce while nonferrous metals list aluminum 49.60 cents per pound copper 6015 cents per pound lead 28 to 29 cents per pound zinc 44 cents per pound and mercury 215 to 228 per 76 pound flask. Grain bids from Lorain County Farm Bureau Cooperative Association place wheat at 2.52 per bushel shelled corn 1.55, oats 1.64, soybeans 4.60 per bushel.
MENTIONED IN THIS ARTICLE
New York
Ty Wyse
Harsco
Hugh
At&t
IBM
Me Baxter
BellAt
BellSou
BethStl
Merck
Motorla
Exxon
Scott P
SealAir
Sears
GenEl
Goodyr
Gmirn
SupMk
Me Sysco S
Texaco
Utapl
U.S
Lorain County Farm Buren Cooperative Association
Sohio to Sell Debt in Japan Marks First Financing
Standard Oil of Ohio will issue 50 million dollars in 7 percent notes due 1997 and 8 billion yen in 7 percent dual currency notes due 1994 in Japan led by Nomura Securities. Proceeds fund general corporate needs as Browne touts low-cost financing and access to Japanese markets. The move follows a note tender by major holders and a new 350 million dollar program for medium term notes.
MENTIONED IN THIS ARTICLE
Cleveland
Standard Oil Co
Nomura Securities Co., Ltd
Standard Oil
E. John P. Browne
Ministry of Finance
Sohio/BP
Trans Alaska Pipeline Capital Inc
Bright prospects for home buyers in 1987
Economists say the typical house will become more affordable for the typical buyer in 1987 despite regional price variation. The national market masks local swings, but fundamentals suggest better affordability as interest rates under 10 percent are expected to fall and price gains moderate, aiding first time buyers.
MENTIONED IN THIS ARTICLE
New York
Kermit Baker
Cahners Publishing Co
Production set to start at former Enduro StainLess plant
Mercury Stainless plans Dec 29 production at the former Enduro StainLess facility in Massillon after a week of coil deliveries and a preliminary equipment shakeout. First orders are expected by February with 90 current workers and more to be hired as production ramps up.
MENTIONED IN THIS ARTICLE
Massillon
Enduro
Parker
AKRON
Pittsburgh
BF. Goodrich
H.K. Porter Co. Inc
Also Mentioned on This Page
Communications Workers of America
John Bryan
CWA
Jacksonville
Fla
Bob Kruckles
Miami
Bell Laboratories
Olson
Bell System
New York Stock Exchange
Revlon
Mutuals
Sell Buy Amer-Wash Mutual
Dreyfus
Fidelity
Puritan
Hancock-Borul
Templin
Vanguard
Wellgmeet
Pierre R. Smyth
Acme Cleve
Allied Corporation
Alltel
AmerShip
Chromalloya Center
OPC
Inter Inc Central Bancorp
Emerson
First Bancorp
Fruehauf
Avin Goodrich 10 Industries
Invacarenka
Lear Siegler
LCB Bancorp
LNB Bancorp
Legeo Inc
Nordson
Omo Edison
Parker Hanmifin
Smucker
Texas Utilities
Woolworth
Wilaw York International A
Dent
Chuenemanr
Sheff Ald
Lake
D&s
Lake Road
Westlake
Parma Qates
Hoger
Donna
Terry Dante
America
Boyards
Root Rd
Columbia Station
Sohio Securities
Stouffer Hotel Co
Stouffer's Inn
Porter
Akron Beacon Journal
Goodrich
Robert Lyons
Sansabelt
Mann
Dawley
W. College
Oberlin
Sun
Ava
Brandau Jewelers
Jill
Broad St
Elyria
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