Greenspan sits atop economic gains as renomination looms
The Fed chairman leads a growing economy with low unemployment and tame inflation. Clinton hints criticism but considers no replacement. The GOP seeks swift confirmation as Greenspan signals readiness to act to prevent a recession. Analysts differ on past missteps and current pace, while voters watch inflation and growth expectations.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Clinton
Fed
Congress
Greenspan
House Banking Monetary Policy Subcommittee
Robert Dederick
Northern Trust Co
Chicago
Bert Ely
Alexandria
New York
Pat Buchanan
Steve Forbes
Wildcat strike at Chrysler plant ends in resumed production
Warren Michigan AP reports Chrysler Corp truck assembly plant workers returned after a weekend wildcat strike over firings of two Local 140 UAW officials. About 3100 employees were affected as pickets blocked entry before production restarted with a full workforce. International UAW urged a return to work.
MENTIONED IN THIS ARTICLE
United Auto Workers
International Uaw
Chrysler Corp
Warren Truck Assembly
Warren, Mich
Ohio banks announce March dividends to holders
Elyria based CoBancorp Inc and its Premier Bank & Trust announce a 15 cent per share cash dividend payable March 1 to record holders February 14 after a 3 percent stock dividend. Worthington regional HQ noted for Premier Bank. Nordson Corp of Westlake declares 18 cent dividend payable March 26 to March 1 record holders. FirstMerit Corp of Akron proclaims 27 cent quarterly dividend payable March 11 to February 26 record holders.
MENTIONED IN THIS ARTICLE
Elyria
CoBancorp Inc
Premier Bank & Trust
Premier Bank
Worthington
Westlake — Nordson Corp
Nordson Corp
Westlake
Nordson
Akron
FirstMerit Corp
FirstMerit
Moen union talks stall over Elyria plant closure
Moen Inc and United Auto Workers Local 101 are deadlocked in Elyria talks with no meeting scheduled. The company has tentatively decided to close the Elyria plant, affecting about 250 workers, while negotiations continue on a contract expiring March 1. Moen says it remains optimistic despite the standstill and notes it runs 12 locations nationwide.
MENTIONED IN THIS ARTICLE
Elyria
Moen Inc
Local 101
United Auto Workers
Moen
Mike Poherence
UAW
Cleveland
Donald Bireley
Elyna
North Olmsted
John Girman
Mechanics Education Society of America
Mesa
MasterBrand Industries
Deerfield
MasterBrand
American Brands
Old Greenwich
Conn
Moon
Ohio
Texas
North Carolina
Pennsylvania
Nevada
Chaois
Nevada Delaware lead nation in personal income gains
The Commerce Department shows Nevada up 2.27 percent and Delaware 2.26 percent in the July September quarter, the fastest growth nationwide. Hawaii lags with a 0.3 percent rise, while the nation overall climbs 1.2 percent. Strong gains come from services and retail payrolls, with Florida and Oregon also showing notable rises.
MENTIONED IN THIS ARTICLE
Washington
Nevada
Delaware
Hawaii
Commerce Department
Doalawrasn Ay
Department’s Bureau of Economic Analysis
Rocky Mountain
Southwest
Rockies
Utah
Arizona
Oklahoma
Texas
Montana
New Mexico
Colorado
Florida
Oregon
Louisiana
North Carolina
New Hampshire
Rhode Island
Bureau
30 Year Mortgage Rates Hit Two Year Low
Washington AP reports the 30 year fixed rate averages 6.94 percent this week, the lowest in over two years, down from 7.02 percent last week and well below the 9.25 percent seen on Dec 15, 1994. One year ARMs average 5.19 percent, down from 5.33, and 15 year mortgages average 6.44 percent, down from 6.51. Rates exclude points.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Creston Stock Prices For Livestock Sale
A Creston sale reports total consignors 264 selling 825 head of livestock. Hogs range 46 to 51 dollars for top butcher hogs, sows 30 to 36.75, boars 25 to 26.50. No feeder pigs. About 400 cattle with steers 59 to 62.70, heifers 60 to 63, cutters 28 and down. Cattle and calves prices include butchers 42 to 47, boars 37 to 43.50. Calves and steers 60 and back, heifers 62 and back. Holstein feeders 42 and back, Swiss steers 49.50.
MENTIONED IN THIS ARTICLE
Eunaa
Also Mentioned on This Page
Norman Robertson
Carnegie-Melion University
Chrysler
UAW Local 140
CoBancorp
Del
Creston
DuPont
Pare A. Smith Co
Allied Corporation Alstata
Ford
Bae
PharUpm
Crazy Apt
AmExp
GenElec
Cedar Farr
Americh
Amoco
Ea Chrysler Bie
Ea Syae A CoBancorp Inc
Bankdun
Gtelevsa Ra
Columina Gas
CPC Inter. Inc
Hanson
Eaton
Emerson Balisos
Ide
Sears
Englehard
General Motors
Abta
Hanson Circlek
SBP
Sy Hire
Toyru
Ava
Morel
Aera
Uswesta
Invacare CoigPat
Madinec S
BaNe Bey
Ei Lear Seatit
Gohca
Fom
LNB Banco Smplacs
He Lesco Inc
Zive
St Morgan
Boye
Vodafona
Mid-Am, Inc
Motorola
WalMart
Northern Savings
Ohio Edison
P.N.C. Corp
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