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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 29, 1988
Page
6
The Labor Department reports imported goods cost surged 14.8 percent in 1987 as a weaker dollar lifted prices. Excluding energy, imports rose 9.6 percent and U.S. exports advanced 6.9 percent for the year, with inflation driven by dollar weakness and higher oil costs.
AP reports Columbus retailers received eggs with cartons delivered in various sizes. Extra large priced 32 to 55 cents, large 31 to 54, medium 48, small 30 to 33 cents per dozen.
Mutuals Lorain County Farm Bureau Cooperative Association opens with grain prices from yesterday's market: Wheat 2.94 per bushel, Shelled Corn 2.05, Oats 170 per bushel, Soybeans 5.74. COMEX closes show Gold 466.59, Silver 6.625 per ounce, Merc platinum 471.70. Spot nonferrous metals list aluminum 0.650, copper 0.8610, lead 0.38, zinc 0.45-0.47, TI 4.22. Mercury 350-365 per 76 1 flask.
IBM announces a plan to decentralize by creating five product lines with general managers who hold worldwide authority and personal accountability. The move, approved by chairman John F. Akers and IBM directors, shifts decision making away from Armonk and will reassign thousands of employees while preserving jobs.
Cam paign Corp of Toronto faces setbacks in its bid for Federated Department Stores owner of Filene's Bloomingdale's and Filene's Basement. Delaware passes a strong anti takeover law while Massachusetts questions merger benefits in FTC letter. EEOC chief testifies on aging discrimination cases and agency failures before the House Aging panel.
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