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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 06, 1986
Page
7
Oberlin Travel Terminal, housed at the Oberlin Inn, will double its space by taking over an adjacent office. Owner Joan Cotton says the expansion will be completed by February and that four new employees join the existing five staff. Cotton has owned the agency since 1983 when she bought it from her parents, Milt and Wilmah Lauer.
International Harvester Co will end its farm equipment era and unveil a new corporate name on Tuesday. The announcement will reach about 15,000 employees in the United States and Canada via a live satellite broadcast from the Westin Hotel. The change follows the sale of its farm equipment line to Tenneco Inc. subsidiary JI Case, which requires dropping Harvester branding within five years.
Broadview Savings & Loan Co faced a $25.9 million shortfall to meet federal net worth standards after nine months of losses. Regulators pressed for admitting over $20 million in potential loan losses, risking further weakness. Western Savings of Phoenix holds substantial Broadview stock, and the bank faces loss-heavy Florida real estate projects tied to a Burt Reynolds studio plan.
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