Settlement near in GM FTC dispute over defects in cars
The Plain Dealer reports a tentative settlement between General Motors and the FTC on defects in GM transmissions and engines affecting at least 4 million cars. Details remain undisclosed as the five member commission must approve. Some呼 consumer groups expect refunds, but the agreement reportedly does not promise payments.
MENTIONED IN THIS ARTICLE
Cleveland
General Motors
Federal Trade Commission
General Motors Corp
the Plain Dealer
FTC
Clarence Ditlow
Center For Auto Safety
Ditlow
Opening stocks slide on OPEC pricing stalemate
Stocks fell broadly after OPEC ministers ended an emergency meeting without a pricing agreement. The Dow fell 19.59 to 1033.39 in early trading as declines outpaced advances on the NYSE. Analysts warned it may be premature to declare oil prices collapsing, though the lack of an agreement suggested further price cuts ahead.
MENTIONED IN THIS ARTICLE
New York
OPEC
Organization of Petroleum Exporting Countries
Geneva
Money supply soars raise rate outlook in January week
The Federal Reserve reported M1 money supply jumped by 6.9 billion dollars in the week ending January 12. Deposits flowed into new Super NOW accounts as analysts forecast higher interest rates.
MENTIONED IN THIS ARTICLE
New York
The
Federal Reserve
Dropping prices offset new gas tax says oil analyst
AP reports that a global oil glut and weak consumption could blunt a forthcoming 5 cent federal gas tax by April. Dan Lundberg notes national averages around 1.18 dollars a gallon with potential 10 cent declines, while diesel stays relatively cheap and some stations offer self service under 1.00.
MENTIONED IN THIS ARTICLE
Los Angeles
Dan Lundberg
Lundberg
Graves urges corporate aid to train black engineers and entrepreneurs
Earl G. Graves of Black Enterprise told the City Club Forum that corporations should fund training and hiring of black youth in engineering and high tech fields to spur job growth and help minority-owned businesses. He praised Reagan’s $15 billion program and warned the recession could hurt minority firms. he noted the 1982 Black Enterprise list neared $2 billion in sales, up over 80 percent from a decade ago.
MENTIONED IN THIS ARTICLE
Cleveland
Earl G. Graves
Black Enterprise Magazine
City Club Forum
Nology
Graves
Reagan
Also Mentioned on This Page
Chevrolet
Stanley Hall
Hall
Jestes
Peter Delvecchio
Bendix Corp
Hydraulics
St. Joseph
Delvecchio
Pierre R. Smith Co
A.m
Lear Siegler
Acme Cleve
Mid-Continent
Tel
We Midland-Ross
Amer MachFndry
National Gypsum
AmerShip Building
Ohio Edison
American Standard
Parker Hannifin
Bendx
Searle
Chromalloyai Smucker
Cleveland Elec
Southern Ca
CPC
Inter. Ine
O'S
Emerson
Sybron
Texas Utilities
Excella
Fruehauf
Toledo Edison
Goodrich
Union Pacific Corp
1C Industries
Woolworth
U.S
Lundberg Letter
Surance
Larry J Frisch
Businessee Mid-Ohio Securities Corp
Imma
Magnavox
Lorain County
Stewart's
Cleveland St
Elyria
Benson & Hedges
EK Y
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