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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 25, 1978
Page
12
A Technology Review study on Why Innovation Fails examined 200 ideas from 81 firms and found market factors the leading trigger deterring products. Poor management and regulatory hurdles also caused many cancellations with executives warned to weed out unlikely ideas earlier.
RI Fitch announces four promotions at Elyria Savings and Trust National Bank. John S. Blevins named Assistant Vice President and manager of the Real Estate Processing Center. Blevins joined in 1965 and has held roles in real estate and consumer credit. Thomas Fitzhugh to manage Lorain branch. Stillwell to oversee Elyria address and YMCA campaigns.
Fitzhugh, 1978 Loran County March of Dimes Bike-a-thon co chairman, is active in Lorain County District Golf Association and Elyria Jaycees. He has earned Key Man of the Year Jaycee of the Year and Founding Fathers honors and lives with Jane and two children at 135 Pinewood Dr Elyria. Michael J Welch named assistant manager Lorain branch. Elyria High School graduate, LCCC attendee, United Methodist Church of Elyria and Jaycees member, 1976 United Way loaned executive. Richard Stillwell promoted to Assistant Secretary Appraisals. LCCC graduate with bank tenure since 1965. earned all four American Institute of Banking certificates. member of St Mary's.
Elyria advertising man John Schenk seeks interest from ad producing professionals to form Advertising Professionals of Lorain County. The plan includes a speakers bureau and guidance for promoting projects. The group would welcome directors, writers, photographers and marketers, with a meeting to be scheduled if enough interest is shown. Also fielded are Ohio grain price figures from Columbus and Lorain County Farm Bureau bids.
CHICAGO Appliance shipments for the first half of 1978 were the third highest in industry history per the Association of Home Appliance Manufacturers. Leading sellers included room air conditioners dehumidifiers food waste disposers electric ranges compactors and microwave ovens.
Ohio Edison and its Pennsylva nia Power Co. posted 33 cents per share on 51.5 million shares with net income of 17.0 million, down from 22.5 million. CEI fell to 42 cents and 26.4 million in net income. Rockwell, Chromalloy, TRW, and GAF reported gains with strong sales and earnings.
The Dow Jones average rose 1.91 to 833.51 in early trading as the market continued its gradual recovery begun Monday. Gainers led losers about 4 to 3 on the NYSE amid fading dollar concerns after reports that OPEC may switch pricing to a basket of currencies.
A representative from the Chicago Regional Office of the U S Department of Labor will interview individuals in Lorain County to investigate charges of discrimination in hiring practices leveled against the CETA program by Rev William Morgan. The sessions run from about 11 30 a m to 5 p m at the Lorain County Minority Community Self Help Center 3145 Broadway Ave. Morgan said the inquiries were originally set to start at 9 a m today.
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