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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 26, 1980
Page
12
New York stocks fell unevenly as investors awaited potential government action after inflation hit crisis levels. The Dow edged down to 859.81 with the day’s leaders Boeing and United Technologies mixed, while farm and commodity prices in Ohio and Cleveland showed small changes.
During testimony Misch defended Ford stance on the Pinto recall saying no warning of fire risk was issued and that recall actions aimed at protecting public image rather than safety. Cosentino pressed Ford officials as the NHTSA had warned of unreasonable safety risk in the design before Ford announced a June 9 1978 recall to modify filler tube and tank shield.
Davy McKee Corp. of Cleveland has secured a Chinese government contract to study the feasibility of a gold mining and processing project at two Shandong Province mines near Wei Fang. The plan aims to boost underground mine output and surface plant capacity to 3,000 tons daily, with technical services for design and engineering.
Dayce Corp. edges past earnings decline with quarterly sales at 170.6 million and primary earnings per share of 62 cents, down 32 percent from a year ago. Board approves 14 cent quarterly cash dividend and 106 cent convertible preferred dividend, payable April 25 and May 16 to respective record dates. CEO Ricard Jacob notes weak auto sales and inflation but remains cautiously optimistic about the quarter.
Washington reports a future telephone feature called Feel-A-Phone that would link voice with a robotic hand to deliver gestures such as pointing, waving, or a handshake. Early models would cost around ten thousand dollars, potentially dropping to two hundred fifty with tech advances, and could enable services like Dial-a-Prayer or sign language conversations.
The March issue will include a 32 page section highlighting area strengths, sponsored by two businesses and labor groups. About 100000 reprints will be distributed to sponsors and other recruiters. Cliff Perkins of Marketing Communications Avon Lake is named Certified Business Communicator.
From Wednesday through March 1, residents may bring in old medicine containers to two Elyria area Gray Discount Drug Stores at 340 Midway Mall Blvd and 34321 Center Ridge Rd North Ridgeville. Each family can receive up to 25 containers.
Alia and Royal Jordanian Airline announce a series of half day seminars on Middle East trade practices from February 28 to March 31 in Chicago. One session is at Ramada Inn Brook Park Road March 10 from 8 30 to 11 30 a m.
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