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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 16, 1996
Page
6
Avon Lake Phoenix Nibco Inc based in Elkhart Indiana employs 76 and makes faucets for recreational vehicles and manufactured houses. The item notes unnamed expansion and a regional business context.
The New York Stock Exchange faces competition from regional markets after Congress pushed best price trading in 1975. Regional exchanges in Boston Philadelphia Chicago Cincinnati Los Angeles San Francisco now account for about 20 percent of consolidated trades, compared with 4 percent in the early 1970s. NYSE plans to regain share under Richard Grasso with initiatives like NYSE Prime pilot with Merrill Lynch to show investors money saved on trades.
New York AP report notes women typically earn 5 to 15 cents less per dollar than men in similar jobs. The Working Woman survey shows progress in some fields like computer analysts but pay inequities vary by industry and position. Some women earn more than male coworkers in other fields.
A Working Woman magazine report notes women in 28 corporate fields earn 85 to 95 percent of men across most areas, with some fields paying more to women. It examines where the gender gap has narrowed and where it persists, citing figures from university administration and Dean charts.
Washington AP reports housing starts rose 5.7 percent in November to a 1.42 million seasonally adjusted annual rate, the largest jump in a year, with gains in the Midwest and South and declines in the Northeast and West. The report, delayed by a government shutdown, notes the year over year drop from 1.54 million last November and that nine month totals remain below 1994 levels.
New York Arthur Martinez chairman of Sears Roebuck told 15 000 NRF attendees to roll up sleeves and earn money the old fashioned way. He urged a customer driven strategy, empowered employees, organized stores, and easy self service while stressing dignity for customers to avoid losers who ignore customers.
The National Retail Federation heard MasterCard International and futurist Watts Wacker present findings from an online shopping study. Only 1 percent have bought online led by tech users buying computers software and concert tickets. Shoppers tend to earn over $50,000 annually and 84 percent of Web users may buy online within a year.
Market notes show wheat at 448 dollars per bushel, shelled corn at 4.53, oats and other grains quoted. Local grands closed yesterday with scydears at 200 and 709 per bushel, reflecting price activity in the cooperative association yard.
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