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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 27, 1999
Page
3
Washington officials say upcoming steel import figures may show a drop from Japan but not enough to erase the risk of sanctions. Commerce Secretary Daley notes one-month declines do not establish a trend and says long-term drops are needed to lift potential U S action. Clinton pledges a case unless imports fall to pre-1998 levels.
New York trading session shows broad gains with notable activity in technology and energy sectors. Investors tracked moves in major names including Genble, GME, and HSA while noting volatility in midday sessions and gains in blue-chip stocks.
Early quotations list varied securities and financial terms with numerous percentage figures and firm names such as Invacare, Keycorp, Lear, Nordson, Parker Hannifin, Sherwin Williams, Smuckers, and York International. The passage notes NASD and SIPC references, with scattered percentages and incomplete phrases indicating offered trebles and market activity on Walnut Streets.
General Motors ends America's longest continuous car line with the Olds 88. Ten million produced before the final V-8 model in 1990 and last 88 joined museum display after a 50th anniversary edition with gold trim. Orion plant layoffs total 1,400 as GM shifts to newer models.
Invacare Corp a leading health care products maker reports record results for 1998 with net sales up 22 percent to 797 million and earnings per share 1.50 for the year up 13 percent. Fourth quarter net sales rise 23 percent to 210 million and full year income climbs to 45.7 million. CEO A Malachi Mixon cites market share gains and plans heavy 1999 investments.
Avon Manco Inc announced record sales of 180 million dollars for the previous year and will disclose full figures at its annual meeting on Monday. Chief executive John Kahl cited core business focus and European products from parent Henkel Group as boosts to performance.
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