Drought hits U S corn crop as forecasts cut sharply
Government crop report shows corn output in 1988 at 52 billion bushels down 29 percent from earlier expectations and 26 percent below last year. Wheat and soybeans also seen falling. Dow Jones slides 186.7 points to 2,092.64 as inflation fears lift yields and crude oil trades wobble amid volatile markets.
MENTIONED IN THIS ARTICLE
Associated Press
Wall Street
Agriculture Department
Department
Treasury
USDA
U.S
Caribbean fuels fight sparks House debate on trade bill
In Washington AP reports a clash over duty free ethanol imports from Caribbean refineries dominates House discussion as lawmakers prepare to vote on a 1000 page trade bill. Minority Leader Michel denounces the provision as a sweetheart deal amid stalled veto battles with President Reagan over Alaska oil export limits and plant closing notices.
MENTIONED IN THIS ARTICLE
Washington
House
Robert H Michel
OA Fn Ara
Reagan
Polaroid to lay off up to eight percent of US workers
Polaroid Corp unveiled a reorganization cutting 500 to 800 domestic jobs by January with pay reductions of five to ten percent. It will also launch a worldwide color film line and an employee stock ownership plan to buy about 14 percent of shares, aiming to lift profitability amid shrinking instant photography sales. The plan includes a $300 million stock repurchase and comes as Polaroid faces Kodak patent litigation in Boston.
MENTIONED IN THIS ARTICLE
Cambridge, Mass
Polaroid Corp
Polaroid
I MacAllister Booth
Booth
Spain
Portugal
Sam Yanes
House to Vote on Closings Bill
Washington Democrats push advance notice of plant closings and layoffs, aiming for veto-proof House support after the Senate approved 72 to 23. Business groups warn of pressure in rural districts and urge defeating the measure, which would require 60 days’ notice for layoffs affecting more than 50 workers.
MENTIONED IN THIS ARTICLE
Reagan
Alaska
Washington
House
Senate
Organized Labor
Robert McGlatten
ASCIO
McGlollen
Renee Reymond
National Association of Manufacturers
Also Mentioned on This Page
New York Mercantile Exchange
West Texas Intermediate
Daily
New York
Chicagoa Trinune Graphic
NYSE
Stoc Motorla
Sos NiSemi
PepsiCo
At&t
Baxter
Bitert
CSX
Texaco
Cooper
Wall Ma
Pierre Ro Smith & Co
Gullete
Va Acme Clevi Halbin
Allied Corporation
Hanson
First Bancorp
IBM
Goodrich
Johnie
Industries
K Kmart
Invacare
Bo Kcsou
LCB Bancorp
Kimbel
Bancorp
Ty Northern Savings Marmil
Ohio Edison
Marion
PNC Corpaha Marriat
Parker Hannifin
Mayos
Sly— Ta Smucker
Mobil
Sunrise Medical Mcorts
Texas
Merck
Abn
Eastman Kodak Co
Agfa Gevaert and
Fay Photo Film Co Ltd
Yanes
Massachusetts
New York Stock Exchange
Kodak
Boston
Rochester
George Bush
Republcan
OH Rae
Gibson
Tappan
Hood
Caloric
Europa
Roper
Bysell
General . Electric
Insinkerator
Elyon
Detrat Road
AL 254
Ais
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