Standard Oil chief to be replaced by BP pick in London
Alton W. Whitehouse Jr. learned two weeks ago at a BP board meeting in London that he would be replaced as chairman and CEO of Standard Oil Co. Robert B. Horton of BP would take control on April 1 with two new executive vice presidents. BP owns 55.5 percent of Standard Oil’s stock and 14 directors approved the move after preliminary discussions.
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GE Job Craze Draws Thousands for 270 Openings
About 9,400 applicants queued for 270 refurbishing subway cars jobs at a GE subsidiary in Buffalo. Wages range from 6.50 to 11 dollars an hour as heavy mechanical roles head to the overstrained local labor market. Jim Bratek of the Private Industry Council said many applicants returned with completed forms after day one.
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Guarantees Sought for Semiconductors in Japan Market
Washington seeks a guaranteed share of the Japanese market for U S semiconductor makers as the trade deficit shows little improvement. The move marks a shift from free trade policy and is advanced reluctantly by administration and industry sources. Japan greeted the idea coolly.
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