Baker predicts $40 billion deficit cut for 1987
Treasury Secretary James A. Baker III said on ABC that the U.S. trade deficit will fall about $40 billion in 1987 due to lower interest rates and inflation, aided by defense budget cuts. He argued the dollar's level should not be the sole solution and noted substantial December deficit improvement.
MENTIONED IN THIS ARTICLE
Washington
Treasury
James A. Baker III
U.S
Baker
Abc-Tv
David Brinkley
Congressional Joint Economic Committee
United States
America
Flotec moves manufacturing to other states
Flotec Inc. will relocate manufacturing from its Elyria plant at 150 Liberty Court to Sta-Rite sister plants in Delavan Wisconsin and Union City Tennessee and convert the Elyria site to a distribution center. The move will cut about 10 jobs from Flotec’s 27 local workers, with Elyria employees offered transfers. Flotec, a Vicor subsidiary, was bought by Sta-Rite two years ago from about 75 workers.
MENTIONED IN THIS ARTICLE
Elyria
Flotec Inc
Liberty Court
Kelly Mann-Gebauer
Sta-Rite Industries Inc
Flotec
Fllotec
Sta-Rite
Delavan
Wisc
Union City
Tenn
Mann-Gebauer
Sta- Rite
Vicor Company
Celeste budget closes tax loopholes in Ohio plan
Governor Celeste proposes a 22 billion General Revenue Fund budget with no broad tax rate hikes but more than 348 million dollars in targeted tax increases and loophole closures. Highlights include a 5 cent per pack cigarette tax hike, extending a gross receipts tax on business calls to interstate, and repealing fuel exemption for commercial airlines. Additional measures boost tax collections, offer amnesty on back taxes, and raise various user fees across state services.
MENTIONED IN THIS ARTICLE
Columbus
Richard Celeste
General Revenue Fund
Celeste
Ohio
Department of Taxation
Building Industries Association names 1987 officers
New officers inducted into the Building Industries Association of Lorain County include 1987 president William Perritt of Perritt Building Co Avon Lake and first vice president Larry Franklin of Franklin Contractors Wakeman. Second vice president George Keressi of TJ Hume Co. serves with secretary Ernie Parsons of the Parsons Agency Elyria and treasurer Chris Mead of Hausser and Taylor Elyria.
MENTIONED IN THIS ARTICLE
Building Industries Association
Lorain County
William Perritt
Perritt Building Co
Avon Lake
Larry Franklin
Franklin Contractors
Wakeman
George Keressi
T.J. Hume Co
Ernie Parsons
Parsons Agency
Elyria
Chris Mead
Hausser and Taylor
BIA
Doug Ryals
Doug Ryals Builders
Grafton
Gene Resar
Elyria Pools
LaGrange
Terry Goode
Lorain
Goodyear shareholders unhurt by Goldsmith takeover bid
Goodyear Tire & Rubber Co shareholders were not hurt by Sir James Goldsmiths unsuccessful takeover bid. The Akron firm paid 49.50 per share to buy back 11.5 percent of Goldsmiths stake plus 37 million for expenses. Smaller holders receive 50 per share in cash.
MENTIONED IN THIS ARTICLE
AKRON
Goodyear Tire & Rubber Co
James Goldsmith
Goodyear
Goldsmith
Sir James
Harry W. Millis
McDonald & Co
Cleveland
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NEW York
Es Nyse
MCA
MerLyn
Mobil
AlskAir
Monsan
NCRI
NiSemi
AMI
At&t
Baxter
Pepsic
Ys BellSau
Va Petrie
Bethsil
SealPw
Comdre
Lly
Sears
Cmwe
Cpsyc
Svemstn
SouthCo
Tandy
DanaCo
UnTech
Dukep
UniTet
Upjohn
Ford
Pierre R. Smith
GenEe
Va Allied Corporation
GPU 674 We 24% 20% — Alltel
Gould Godyr
Centertor
Central Bancorp
CPC Inter
Incay Grolliter
Emerson
Glestut
First Bancorp
Hansas
Fruehauf
Goodrich JM HewlPk
Ye LC. Industries
Holiday
Iat
Invacare
Lear Siegler
Hmatke
Ohio Edison
Parker Hannifin
Troben
Istat Va Smucker
INCO
Texas Utilities
Intrist
Ae Ye
IBM
Woolworth
AZ IntMan
al + we York International
Kmart
Flotec Moving Manufacturing Operations
Robert Petrach
Dick Demby
Bottom Line, Inc
Broad St. Elyria
William Lahetta
Lahetta Builders
Amherst
Garry Gatten
State Farm Insurance
Rick Hutman
Bell Construction
Association
Robert Nickoloff
Nickoloff Builders
John Sarnovsky
Dale Yost
Dan Strauss
Strauss Construction
Allan J. Welter
North Olmsted
Bennett Builders
Neil E. Bennett
Welter
Hausmann and Johnson
Baldwin Wallace College
Veronica Hughes
National Association of College Stores
Oberlin
College Store Journal
Hughes
Bowling Green State University
Ann Sarley
Brecksville
HGM Hilltop
Women’s Council of Realtors of
Benny Greer
Greer
Lorain County Board of Realtors
Raymond D. Burrough
Knapp Shoe Inc
Sunshine Farms
Ken Oswald
Bill Taylor
Bob Webber
Jim Comstock
Dave Higgins
Jim Ruminski
Don Wood
Russ Prosser
Bob
USDA
Bo Lorain
Lorain Country Kofte Rd
RCA
Magnavox
SYLVANIA @GE
Aquihalfe
NCE
RAS Arives
Shefield Lake
Westlake
Parma
E Lake Road
Ridgers
IRA
Barbara L. Irish
Cpiw
Lorain Elyria
Ohio Motorists Insurance Ager
Sheffield Center Lorain
ORFO
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