Auto layoffs near record mark in UPI report
UPI reports 245,900 workers on indefinite layoff across U.S. automakers, close to last summer’s peak, with GM leading at 139,000 and seven plants idled next week. Ford totals include 54,600 indefinitely furloughed, Chrysler 45,400, AMC 5,550, VW 850. Ward’s notes weekly production slashed to 59,823 cars and 26,541 trucks, sharply below 1981 levels.
MENTIONED IN THIS ARTICLE
Detroit
UPI
U.S
General Motors Corp
Ford Motor Co
Ford
Chrysler Corp
American Motors Corp
Volkswagen of America
AMC
Ward’s
Recession Hits Major Retailers Across January
United Press International reports January sales at Sears Roebuck rose 6.1 percent to 1.19 billion while K Mart gained 17.2 percent to 981 million and J C Penney slid 0.6 percent to 644 million. Adverse weather and high unemployment weighed on consumer demand amid the worst Christmas season since 1974. A liberal think tank forecast Reagan policies will do little to avert slow growth or potential disaster.
MENTIONED IN THIS ARTICLE
Sears Roebuck & Co
K Mart Corp
J.C. Penney Co
National Policy Exchange
Ray Marshall
Carter
Ohio jobless claims rise in December and weekly totals
Ohio reports 215693 first-time unemployment claims in December, up 39.1 percent from November, with 1093209 continued claims, up 51.9 percent. Weekly initial claims totaled 41476, up 5.7 percent from the prior week. continued claims about 294724. Governor Rhodes seeks an additional 85 million loan, raising total borrowing near 1 billion to fund the unemployment trust.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio Bureau of Employment Services
Buckeye State
Albert Giles
Giles
Ohio
James A. Rhodes
Raymond J. Donovan
Rhodes
Opening stocks extend rally into Friday trading
The New York stock market advanced broadly on Friday with the Dow Jones industrial average up 1.52 to 848.55 in the first half hour. The market benefited from expectations for a softer money supply report from the Fed and a possible easing of credit-tightening pressure. The government also reported a surprise drop in the unemployment rate from 8.8 to 8.5 percent, though officials warned this did not signal a clear labor market improvement. Xerox rose 39, American Airlines gained 10, and Burroughs fell 32.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Fed
Labor Department
Xerox
American Airlines
Burroughs
Grain price report from Ohio marketing areas
UPI reports after hours grain prices in Northeast Northwest and Central Ohio. No. 2 wheat ranges from 3.36 to 3.44 per bushel, No. 2 shelled corn mostly 2.40 to 2.52, No. 2 oats at 3.37, No. 1 soybeans around 6.17 to 6.21. Trend shows wheat down, corn and oats steady, soybeans up.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Hfe
Northeast Ohio
Northwest Ohio
Ohio
Kidron Livestock Auction Sees Demand and Hay Prices Jump
In Kidron auction this week market hogs hit 54 dollars as snow boosted demand. Cattle prices held steady to higher with strong dairy consignments. Hay and straw sales included first cutting 95 to 157.50, second 145 to 160, third 145 to 165 per ton. Egg price reports from Columbus show varied wholesale levels across classes with large eggs around 85 cents and smaller drafts near 50 to 60 cents.
MENTIONED IN THIS ARTICLE
Kidron
Wrest
Columbus
Ohio
Midwest
Ford hopes billion-dollar loss shifts UAW in talks
Ford Motor Co. disclosed a $1 billion 1981 loss to pressure the United Auto Workers in early bargaining. UAW Vice President Ephlin urged equal sacrifice for hourly workers amid cuts, while Ford cited past reductions in salaries and benefits as context for negotiations. Main talks resume amid industry decline and Ford’s slashed white collar ranks.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
UPI
Ford Motor Co
United Auto Workers
UAW
Donald Ephlin
Ford
Peter Pestillo
Pestillo
Ephim
Ephlin
Also Mentioned on This Page
Ward
Chrysler
United Press International
Jeffrey Feiner
Merrill Lynch, Pierce, Fenner & Smith
Donald A. Nichols
Nichols
MobilCorp
National Gypsum Ts
Monson
He Ohio Edison
Allisah Alee
Motrola
Parker Hannifin
Alcoa
Nabisco
Searle (G.D.) Co
AMAX
Smucker
Am Airlines
Southern Co
Aman
Natteel
Sybron
Northw
Toledo Edison
AE Rt
Union Pacific Corp
Am Motors
Woolworth
Amt&t
BellHowl
Penn
Chrysler Co
Regal
CocaCol
Rockwil
E Colgate
ExxonCp
Firstone
US Steel
YU John
Ford Motor
Geal
Ga AO
Pierre R. Smith
HannaMin
Eve
Baer Pelfers
CPC Inter. Inc
Kellogg
Rver
Excelle
Goodrich
Ay Lakenstl
Lear Slegier
Mattel
Mgngr
Kidron Livestock
Pardner
Elyria Savings & Trust
EST
Texas
West
Elyria Savings & Trust National Bank
Avon Lake
Walker Road
Lorain Grafton
Cleveland Street
Ridgeville
Wellington
Westview
Columbia
West Side
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