Levi Strauss to Close 11 North American Plants and Cut 5900 Jobs
Levi Strauss will shutter 11 of its 22 North American plants and lay off about 5900 employees in the United States and Canada as part of a restructuring aimed at bridging a generation gap with trendier brands. The move follows a 13 percent sales drop to about 6 billion dollars and signals a hard shift in a challenging market for the longtime jeans maker.
MENTIONED IN THIS ARTICLE
New York
Levi Strauss
United States
Canada
Levi
Levi's
Irma Zandl
Zandl Group
North America
U.S
North American
Securitas AB
Securitas
Pinkerton
Europe
North
South America
Asia
Denis R. Brown
$3 Charge Triggers Customer Backlash at KeyBank
KeyBank customers in Washington state complained to the attorney general after a $3 monthly deduction began for insurance and other benefits tied to Key Plus accounts. The bank cited higher costs of a $10,000 accidental death policy and a 24 hour hotline, prompting notices sent nationwide in December. Debra Preitkis said the services were moved out of the $5.95 fee, and customers not opting out saw $3 withdrawals start this month.
MENTIONED IN THIS ARTICLE
Kent, Wash
KeyBank
State Attorney General’s Office
Company
Debra Preitkis
Steel tariff threat trims Russia steel exports to US
Russia agreed to cut steel shipments to the United States by 70 percent after Washington threatened punitive tariffs. The deal keeps Russia access to the US market by matching 1996 hot rolled steel levels and 1997 limits for sixteen other steel types, amid post crisis price surges.
MENTIONED IN THIS ARTICLE
Washington
Russia
United States
U.S
Feds review SUV vent fires and throttle complaints
The National Highway Traffic Safety Administration reports 135 complaints of fires smoke or burning smells in 1992 to 1994 Ford Explorers vent systems after leaves enter vents. About 300,000 1997 98 Explorers on road face throttle stick issues. Ford GM spokespeople say cooperation with investigators ongoing.
MENTIONED IN THIS ARTICLE
Washington
National Highway Traffic Safety Administration
Ford Motor Co
NHTSA
Ford
Karen Shaughnessy
CompuServe plans comeback with broader appeal
CompuServe, now under AOL, launches a multimillion dollar marketing push to attract professionals and small business customers while avoiding becoming like AOL. Analysts say AOL aims to broaden beyond its traditional base, keeping CompuServe as a distinct niche brand. The user base has slipped from 2.6 million to 2 million since AOL’s 1998 takeover in a deal with H R Block and WorldCom.
MENTIONED IN THIS ARTICLE
New York
CompuServe
America Online
AOL
H&r Block
WorldCom
Opening Stocks Snapshot Notes Varied Readings
The brief OCR readout shows fragmented figures and codes such as 788300 242 24 BaB100 COT 5% 5% Na0 12% and 450000 67S 6B 284 BRN ASA BA 1 87100 GO 7A te 19710 103% 10277 10978 TBIO0. It appears to be a stock table excerpt with diverse tickers, percentage changes, prices, and volumes, but the text is highly garbled and lacks coherent sentences or full company names. The items are scattered numbers and letters without clear narrative or identifiable firms.
MENTIONED IN THIS ARTICLE
Halibtn
Bso
New York
NYSE
Hewlett
Chy Hilton S
AG Amr
IBM
Allstate
Kmart
alWast
AmEx
Labte
Bae
Anbu
Lilly
Tava Loewen
Asefcaps
Aeva LoralSp
Te Anrich
Lowess
BankOne
HANYS
Motorola
NorTot
Philipge
Ste
DuPont
Fannie
Schwab & An
Also Mentioned on This Page
Chicago
Target Market News
East Ohio Gas Parent
Richmond, Va
Dominion Resources Inc
Consolidated Natural Gas
Cleveland
East Ohio Gas Co
Dominion Resources
CNG
Olivetti
Rome
Olivetti Spa
Telecom Italia
Italy
Console
Westlake Village
Calif
Pinkerton Inc
Abraham Lincoln
Jesse James
Private Eye
Feds Eye
General Motors
Mia Walton
Columbus
Zia Daniell Wigder
Jupiter Communications
Rud Toyru
Uswest
Allied Corporation
Alltet
American Greetings
Bob Evans Farms
Cedar Fair
Cleveland Indians
Chrysler Columbia Enay
CVS
Emerson Electric
Englehard
Fst Energy FirstMent
Bancorp
Ford Motor
Geon BF Goodrich
Hills Dept
Akin Investment Securies
Walnut Street Securties, Inc
Invacare Corp
NASD
SIPC
AISG
Keycorp
Lear
WSS
LNB Bancorp
LTV Lesco Inc
Limited
Nordson Corp
Northern Savings OfficeMax Inc
P.N.C. Corp
Parker Hannifin
Royal Applian
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