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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 18, 1992

Page

4

U S and Europe sign pact to curb airliner subsidies

The United States and the European Community reached a bilateral accord limiting government subsidies to Airbus and other civil aircraft. The agreement caps direct development subsidies at 33 percent and indirect subsidies at 3 to 4 percent, with repayments due with interest. It covers civil aircraft over 100 seats and includes stronger disclosure requirements while leaving room for broader multilateral talks.

Washington United States America Brussels Belgium U.S Boeing Co McDonnell Douglas Co Paris Advantage Airbus Deutsche Airbus British Aerospace PLC Aerospatiale Sni France Construcciones Aeronauticas SA Spain Moskow Boeing McDonnell Douglas Indus

IBM profits soar but fail to meet Wall Street hopes

IBM reported second quarter profit of 714 million dollars or 1.23 a share, up fivefold from a year earlier yet below some analysts' expectations causing a drop in IBM stock. For the six months, revenue rose 6.7 percent to 30.3 billion while net results reflected prior charges and evolving margins.

IBM Wall Street Tional Business Machines Corp Gek John F Akers Armonk N.Y

Airlines poised to hike fares across the board

American Airlines retreated from a 35 percent fare rise in 830 markets but all carriers planned a 4.4 percent increase overall. Domestic fares were set to rise about 10 to 20 dollars, with a United Chicago to Los Angeles one way fare moving from 290 to 300. Airlines cited a 12 percent jump in jet fuel since March as the driver, noting fuel is the second-largest expense after wages.

New York American Airlines American United Airlines Chicago Los Angeles Delta Air Lines Northwest America West Trans World Airlines Continental Tim Smith

Absentee Registration Open At Lorain County Elections

Lorain County Board of Elections offices are open 8 30 am to 4 30 pm Monday through Friday and Saturday August 1 from 8 30 am to noon for absentee registration. Absentee deadline is August 1 with all applications due by then. Voters may apply in person at Elyria 115 Cedar St or Lorain 2158 Broadway or mail a written request including name voting residence reason for absence and ballot mailing address plus a signature.

Elyria Lorain County Lot Board of Elections Cedar St Lorain Broadway

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