Currency accords stabilize shaky dollar in 1988
The dollar has settled into a trading range defined by Louvre accord targets and G seven commitments. Central banks are buying dollars to prop up the currency, signaling a possible new floor around 120 yen and an upper limit near 150 yen and 1.8 marks, with limited upside unless U.S. trade data confirm stronger improvement.
MENTIONED IN THIS ARTICLE
Group of Seven
United States
Japan
West Germany
Britain
France
Italy
Canada
Chandler
U.S
Judge denies Icahn bid over Texaco plan
In White Plains New York a federal bankruptcy judge rejected Carl Icahn’s bid to submit an alternative reorganization plan to Texaco Inc shareholders. The ruling protects Texaco’s multibillion settlement with Pennzoil and supports the company’s Chapter 11 exit strategy.
MENTIONED IN THIS ARTICLE
White Plains. N.Y
Carl C. Icahn
Texaco Inc
Texaco
Pennzoil Co
Shearson Lehman Limits Computer Trade Tactics
Shearson Lehman Brothers Inc limits use of index arbitrage program trading, blaming computer driven stock trades for post crash volatility and reduced investor confidence. The move is seen by many brokers as a step to curb harmful market swings caused by automated large scale trades.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Shearson Lehman Brothers Inc
Rubber union seeks plant closings moratorium in talks
Akron Beacon Journal reports United Rubber Workers plan for moratoriums on plant closings as part of upcoming master contract talks with Firestone, Goodyear, and Uniroyal Goodrich. Analysts caution economic conditions and merger-driven changes will shape concessions and bargaining stance.
MENTIONED IN THIS ARTICLE
AKRON
United Rubber Workers
J. Blair Brumiey
AG. Edwards
St. Louis
UAW
Kent Pfeil
Standard & Poor's
New York
Akron Beacon Journal
Paul Gerhart
Case Western Reserve University
URW
Firestone
Goodyear
Uni
Uniroyal
B.F. Goodrich
U.S
Pfeil
Eckrich Fremont plant closes costing 208 jobs
Swift Eckrich Meats will halt luncheon meat production at its Fremont Ohio plant this week, affecting 163 hourly and 45 management employees. The company will offer severance pay and extended health coverage for workers with a job placement program for management staff, while remaining luncheon meat production moves to other plants.
MENTIONED IN THIS ARTICLE
Eckrich
Fremont
Harry Niese
Oak Park
Til
Wiese
Also Mentioned on This Page
Marc Chandler
Dean Witter Reynolds Inc
Chicago
NYSE
JohnJn
Smat
Ja Lilco
Otte Ahmans
Marion
Merck
MerLyn
At&t
Liu
AmesDp
Amoca
Motorla
A Barnet S
Baxter
Norsk
Sie Boisec S
PacTel Si
BostEd
Aim
He Ail Caevar Ag
Wit
Penney
Caelus Taub
PhutGl
Chrys St AB Va
Sears
Disney
SouthCo
Bell
duPont
Gabelt
Tosco
GenBis
Gmot Ae
Toyru
Usshoe
Gilletes
Uswest
My Graces
Hanson
Tipjohns
Icahn
Shearson-Lehman Limits Computer Trades
Ndian
Corgno
Broadway
North Ridge
Lorain
Ohio
H&s Citrus T
Ona
Royal Goodrich
Niese
Cash
EST Bank
EST
Premier Advantage
Visa Department P.O
Elyna
Suk
Myos Lende
Premier Advantage Easy Credit Line
Premiers Advantage Credit
Advantage
EST Premier Advantage
Tura Savings & Trust National Bank
FDIC
First Bancorporation of Ohio
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