UAW approves Firestone pact after nationwide vote
United Rubber Workers locals in Akron Noblesville Des Moines Decatur Russellville and Oklahoma City backed the three year Firestone contract. The agreement includes a 25 cent hourly raise offset by future cost of living increases and highlights stronger health and retirement benefits. Union officials say total wage and benefit gains could reach about four dollars an hour over the term with average pay near industry levels after concessions in Oklahoma City and Des Vornes plants.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Decatur
Ill
Russellville, Ark
Oklahoma City
Firestone
Brown
Des Vornes
Points Deduction Rules For Mortgage Financing
Real estate guidance explains deduction of loan points. For new home purchases points may be fully deductible in the year paid. For refinancings, points are amortized over the loan term unless loan proceeds fund home improvements. Century 21 Demby Inc Realtors offers help at 405 Middle Ave Elyria phone 323 4641.
MENTIONED IN THIS ARTICLE
New York
NYSE
Marion
Merck
At&t
Ain
OcaiPet
Bard
BatlMts
Dia Baxter
Pepsico
KABT
EMAL
Phelpo
Phil
PhilPer
Crelek
St Scoulp S
Bao Ad Sournik
Comstk
Stoner S
Conrad Te
Boat
Digital
SunMn
Disney
Syntex
Ams
BEG
Tandem
BowCh
Tandy
Downs
duPont
Texamn
OuBro
Pierre Ro Smith
Exxon
Fedipe
ag + Allied Corporation
Et Alltel
Geneich
AmerStap
GenuPt
Emerson
GINNK
Vorst Bancorp
Gastyt Sie
da Goodrich Aids Halpin
Star Hills Dept
Heclam
IE. Fos
Bot. HewlPk
Industries HmeGp
Invacare Ay Hmisth
LCB Bancorp
Holland
LNB Bancorp
Abs Lesco Inc Mm
INGO
unGe
Sdo
Texas Utilities
Aion Viel
Gut
Woolworth
Ae Loews
Bgn
Ork International
Eerie
Century 21
Demby Inc Realtors
Middle Ave
Elyria
Feds close two California S&Ls with record payout
The Federal Home Loan Bank Board announces a record 1.35 billion cash payout to liquidate two insolvent California savings banks, North America Savings and Loan Association and America Diversified Savings Bank, with deposits up to 100,000 insured. The action marks the largest cash distribution by the agency, as costs are recouped through asset sales and future liquidations.
MENTIONED IN THIS ARTICLE
Feds
California
Washington
Federal Home Loan Bank Board Today
Costa Mesa
Calif
Bank Board
S&ls
North America Savings and Loan Association
America Diversified Savings Bank
Danny Wall
Federal Savings and Loan Insurance Corp
American Diversified Depositers
North America
Bank
American Diversified
North
America
Empire Savings and Loan
Mesquite
Texas
Minority controlled bank faces financial turmoil in Cleveland
First Bank National Association in Cleveland, the city’s only minority controlled financial institution, with four offices and 50 million in assets, reported 32 million in losses for 1987. Audits revealed insider loans, unauthorized overdrafts for favored customers, and weak collections, undermining founder BusTamante’s authority as chairman and CEO.
MENTIONED IN THIS ARTICLE
Cleveland
First Bank National Association
the Plain Dealer
John H Bustamante
Also Mentioned on This Page
URW
AKRON
United Rubber Workers Union
Firestone Inc
Local 7
Local 138
Noblesville
Curt Brown
UAW
Mike Stone
Raified
Robert Demby
Lim
Southwest Savings Associa
Tion
Dallas
Vernon Savings and Loan
Dalcys
London Fog
Robert Bruce and More
Dacren
Haggar
Powers & Dawley
Salen
Oberlin
ALY ES
EST Bank
PST Bank
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