Firestone buyout bid shifts after Bridgestone deal
Pirelli offered 58 dollars a share for Firestone after management rejected a merger with Pirelli in favor of a Bridgestone joint venture. The Italian firm aims to acquire two thirds of Firestone and remove defenses, with Michelin to buy some assets if control is gained. Firestone board reviews by March 18 while stock climbs on takeover speculation.
MENTIONED IN THIS ARTICLE
Chicago
Firestone Tire & Rubber Co
Pirelli
Bridgestone Corp
Firestone
Pirelli Societe Generale SA
Gianbattista
DiGiorgia
New York
Bridgestone
Michelin
John J. Nevin
U.S
DiGiorgio
IRS taps faulty fathers taxes for child support plan
A tax refund withholding program to enforce child support collection expands nationwide as Congress weighs making automatic income withholding standard. The measure targets delinquent fathers, citing $300 million redirected to support in 1986 and rising enforcement in states like Wisconsin and pilot efforts in Texas Massachusetts Minnesota.
MENTIONED IN THIS ARTICLE
Scripps Howard News Service
Verty
Bia
Appalachia
Conress
Burbank Service
Wisconsin
Texas
Massachusetts
Minnesota
Minneapolis
Congress
Senate
Mercedes-Benz raises prices again amid weak dollar
Mercedes-Benz of North America announces a fourth price hike since March 1987 driven by a weaker dollar against the West German mark. Nine of 13 models gain about 1.6 percent starting April 18, with the 260 E sedan rising to 37845 from 37250 and the 560SEC to 77065 from 75850. the 190E remains unchanged.
MENTIONED IN THIS ARTICLE
Mercedes- Benz
North America
Mercedes
Commodity Prices and Grain Bids From New York Market
Closing prices listed for gold, silver, platinum, and nonferrous metals on the Comex with spot and per pound figures. Local grain bids show wheat, shelled corn, and soybeans with respective prices in dollars and cents per bushel.
MENTIONED IN THIS ARTICLE
New York
Lora County Farm Bureau Cooperative
Bistel
Canton plant workers protest automation and layoffs
About 50 pickets stood outside Hoover Co in North Canton protesting 280 layoffs tied to automation for the Elite vacuum line. Union officials say up to 330 may be affected, with cuts based on seniority and plans to move about 200 jobs to El Paso Texas by year end.
MENTIONED IN THIS ARTICLE
North Canton
Hoover Co
el Paso
Texas
International Brotherhood of Electrical Workers
James K. Gensley
Macy Campeau to file SEC docs over Federated bids
In Cincinnati the Macy's and Campeau competing tender offers for 80 percent of Federated Depart ment Stores Inc move toward SEC filing. Macy's offers 74.50 per share cash plus 40 percent stock in a merged entity for the rest. Campeau plans 75 per share cash for 80 percent and 44 per share for the remaining 20 percent, valuing the blended offer at 68 per share or 6.01 billion dollars. Federated stock closed down 62 percent at 66.624 on the NYSE.
MENTIONED IN THIS ARTICLE
NYSE
Wsted
Tbs Agyan
Sresp
Anaem
Bly Bat Schimb
Oy Wee Sears
Baxter
Asco
Bry Anne duPont
Bois Bau
Pierre R Smith & Co
Exxon
Dix BO
BET
Fedip
Allied Corporation
Wade
Alltel
FinNns Oe
AmerShip
CPC Inter
Sas
Emerson
Genetch
First Bancorp
Goodrich
Ye Industries
Invacare Gillete
Ay Glaxon
Way
Nordson
Harmsh
Northern Savings
Heinz
Aly
My Ohi Edison Iby Hercils
Parker Hannifin
Hishey
Bfilat
Staucker Hewick
Hinstk
Sunrise Medical
Texas Turkies
Ind
Woolworth
York International
Va Kange
Kapers
Columbus
Ohio
Marion
Mitad
Mellon
FB + & MoarM
AB Ae
Motoria
Peare
PepsiCo
PritPer
Pier At Ze
Cincinnati
R.H. Macy & Co
Campeau Corp
Securities & Exchange Commission
Federated Department Stores Inc
Federated’s
Macy
Macy’s
Federated Inc
Federated
Campeauu
Campeau
New York Stock Exchange
Rates rise on short term Treasuries in latest auction
The Treasury sold 6.4 billion in three month bills at 5.74 percent and 6.4 billion in six month bills at 5.93 percent. Three month bills last week were 5.62 percent and six month bills 5.86 percent, with actual yields 5.91 percent and 6.20 percent on a 10 000 bill.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Creston sale clears wide range of livestock and hay
Creston auction Monday saw 379 consignors selling cattle hogs and horses with goats and a horse also offered. prices ranged from calves at a few cents to hogs over 40 dollars per hundred weight and hay sales in first second and third cuttings.
MENTIONED IN THIS ARTICLE
Creston
Also Mentioned on This Page
Nevin
Goodyear
Noga
Milan
Master Care Inc
United States
Firestone Tire Co
Janine Exner
First Choice Haircutters
Lorain County
Midway Crossing
David Myatt
David
Elyria
Cleveland Street
IRS
Mercedes-Benz
A.B. Shuman
Canton
Macy, Campeau
SEC
Macy and
Creston Livestock
Biz
CNTR
Elyria Ona St
Midway Square
Midway Mall
Omneved
Great Norhiers
Loran Ave
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