U S Telecom and Sprint to split long distance units
U S Telecom and Sprint announce a plan to form a joint venture with GTE Telenet and US Telecom Data Communications Co called US Sprint Communications Co to separate the money losing long distance divisions. The deal includes a $13 billion charge for GTE and a $170 million writedown for United Telecommunications.
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GTE Corp
United Telecommunications Inc
Splrit
Sprint
US Telecom
Data Communications
GTE Telenet
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Honda eyes Marysville for second US plant expansion
Honda of America President Shoichiro Irimajiri says Marysville Ohio, home to a 3,000 worker site, is a strong candidate for a second US manufacturing plant to open in 1988 or 1989. A feasibility study is due by year end with an announcement in early 1987.
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Trimapiri
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Armco Inc
Middletown
Ohio
Bethlehem Steel
Bethlehem
Inland Steel Co
Chicago
Hudepohl Partners to Distribute Schoenling Beers in Cincinnati
Hudepohl Brewing Co buys distribution rights for Schoenling beers in Hamilton County starting Monday. The move expands Hudepohl's wholesale network including Little Kings Cream Ale and Diamond Wine Cooler, freeing Cincinnati plant space for brewing and packaging with no job losses. Both firms are family owned, Hudepohl founded in 1885 and Schoenling in 1934, together producing about 300000 barrels annually.
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Toyota and Ford recall over seat belt and weld defects
The NHTSA asked Toyota to recall 230000 1982 88 Celicas for front seat belt malfunction and non deployment. Ford will recall 42000 1986 Aerostar minivans to reinforce underbody welds with no customer cost and loaner cars offered. about 30000 US owned, 12000 dealer stock, no reported injuries.
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Toyota Motor Corp
National Highway Traffic Safety Administration
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AmeriTrust reports 1985 earning record in Cleveland
Ameri Trust Corp reports 1985 record earnings of 804 million dollars or 4.30 dollars per share, up 143 percent from 704 million or 3.77 per share in 1984. Fourth quarter earnings were 212 million dollars or 1.13 per share, up 201 percent from 176 million or .94 per share. Average earning assets rose 18.3 percent to 63 billion, with a 21 percent jump in loans outstanding.
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Cleveland (Ap
AmeriTrust Corp
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