Ford tops auto earnings record again halting second-quarter profits
Ford Motor Co. reported second-quarter earnings of 41.66 billion, up 11 percent from a year earlier and a new industry quarterly record for the second straight quarter. Earnings equate to 3.43 per share on sales of 22.39 billion, with overseas operations totaling a record 760 million. Domestic earnings fell to 903 million as costs rose, while six-month results show 3.29 billion profit on 43.13 billion in sales. The company notes continued strong international performance offsetting higher material and labor costs.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
Ford
David McCammon
Chrysler Corp
United States
U.S
New York
Aristec
Armco
Whits
Armtek
Baxter
Boeing
Srist Iy
Exxon
Gannett
My Mead
Bae
Jansan
NiSem
Navisir
PhiaEl
Aarne Pa
Falana
ASTR
Grain bids and egg sales report from Ohio markets
Lorain County Farm Bureau Cooperative Association lists yesterday's closing bids for Wheat 316 per bushel Shelled Corn 282 per bushel Oats 290 per bushel Soybeans 72 per bushel. In Columbus eggs sold to retailers in major Ohio cities show cartons delivered Extra large 7780 large 7679 medium 58 61 small 44 47.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Columbus
Oho
Ohio topples Missouri as second in auto production
Ward's Automotive Yearbook lists Ohio as the nation's second largest car producer for 1987, moving Missouri to third. Analysts cite plant idlings and GM plant closures. Ohio's rise tied to Honda. Missouri plans marketing adjustments while attracting Japanese automakers remains key.
MENTIONED IN THIS ARTICLE
Kansas City
Missouri
Michigan
Ward
Automotive Yearbook
Ohio
Bob Goodman
Automotive Reports
John Qualls
Monsanto Co
St. Louis
Qualls
Linda George
Missouri Department of Economic Development
Jefferson City
George
General Motors Corp
St. Loui
Leeds
Honda
U S Economy Grows 3.1 Percent Amid Rising Inflation
The Commerce Department reports the gross national product rose 3.1 percent from April to June, down slightly from 3.4 percent earlier in the year, while inflation accelerated to 4.7 percent, the fastest since 1982. Economists warn policy may tighten to curb demand, risking a recession next year. Benchmark revisions also lift last year’s growth to 3.4 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
USX to Sell Part of Steel Division
USX Corp. chairman David Roderick said up to 20 percent of the steel division could be sold with full value offered. Inquiries have come from investment bankers, not buyers, while the company weighs any transaction and tax benefits. Roderick projected 1988 shipments above 81 million tons as demand stays strong and prices rise. The USS unit may adjust a prior October price increase amid Bethlehem and LTV moves. USX aims to reduce its $65 billion long term debt next.
MENTIONED IN THIS ARTICLE
Pittsburgh
USX Corp
David Roderick
Energy and Steel Company
USX
Charles Corry
USS
Corry
Roderick
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Europe
Japan
Belgium
Hong Kong
United Arab Emirates
Singapore
Taiwan
Schimb
Ars
SmkBck
Tesco
Toyru
Ufarb
Bu— Usawg
Uswest
Narcotics Anonymous
Federal Reserve
Alan Greenspan
Econo
Bethlehem
LTV Steel Co
C.D
Central Trust
C.d.’S
the Central Trust Company
Bank
FDIC
Central Bancorporation
Cincianale, Oro
Syling
China
Drexel-Nericages
Fram Hing
Connery Vigling
Ita Ice
Mma Waterbed
Broadway
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