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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 14, 1986
Page
6
Washington readers see a heated debate on cutting the massive foreign trade deficit with few policy changes likely this year. Proposals span tariffs, currency shifts, export financing, and debt forgiveness to Latin America, but many plans risk widening the federal deficit or face administration resistance.
Pepsico agrees to pay 246 million dollars in cash for Seven-Up International based in Lausanne, expanding overseas volume by 250 million cases and gaining two bottling plants in Toronto and Ottawa while Philip Morris sells U.S. operations separately. The FTC opposed the earlier deal.
UAW leaders urge new contract talks with Goodyear Tire to persuade the Akron metal products plant to stay open. Bill Breslin, Local 2 president, says workers may accept concessions if wage cuts are dropped. Goodyear plans shutdown in 12 to 18 months after union rejected wage-cut proposals.
Elyria's Bob Guinta, renowned basketball coach with 392 career wins, spends summers as a marketing representative for Chicago Title in Lorain County. He works with Realtors, bankers, builders and attorneys and plans part time duties during the school year. He may pursue similar work after retirement from teaching.
The Labor Department reported the Producer Price Index held at May levels in June while prices fell 6.5 percent at an annual rate for the first half of 1986. Analysts linked the flat June reading to ongoing economic slackness and reduced production costs.
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