UAW and Chrysler Agree to Early Contract Talks
The United Auto Workers union agrees to begin negotiations with Chrysler ahead of the contract expiry to align with Ford and GM patterns. Bieber says talks could start by mid April as the union seeks a two year deal and aims to apply the pattern contract across Big Three. Chrysler plans to address Acustar plant closures and protect workers before any strike deadlines.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers Union
Chrysler Corp
UAW
Owen Bieber
Chrysler
Ford Motor Co
Bieber
Ford
Acustar Inc
Acustar
Harley Shaiken
The
University of California At San Diego
Kidron Auction Sees Strong Livestock Demand Amid Steady Hog Prices
Kidron consignors report robust hog and feeder pig movement with large volumes and steady quotes. Holstein calves and dairy cattle draw strong bids with top cows reaching $1,460, while hay and straw demand remains high. total head 2,590 across 644 consignors and 121 lots of hay.
Choppy market dampens stocks as Dow drops sharply
Wall Street bulls wilt as program selling drives the Dow 48.24 points lower to 2026.03, third worst drop of the year. Inflation fears rise with oil and gold up, insider trading rumors fade, and volume slips to 197.2 million. Firestone, Motorola, IBM, NCR and other names slide while Facet Enterprises jumps on a $26 a share leveraged buyout bid. Colt Industries climbs after revealing a $17 a share buyout plan by a management group.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Bears
Westinghouse
Kyocera
Ford
Chrysler
Goodyear
Firestone
Colt Industries
Campeau narrows path to Federated takeover deal
Campeau Corp states it is close to securing financing for its 6.1 billion bid to buy Federated Department Stores. Citibank and Sumitomo back a 1.5 billion margin loan with a 2.66 billion package, while a bank syndicate may provide the remainder. Macy and Federated management counter with a 74.50 per share offer plus stock in Macy's Federated Inc.
MENTIONED IN THIS ARTICLE
Cincinnati
Campeau Corp
Federated Department Stores Inc
Campeau
New York
R.H. Macy & Co
Federated
Citibank
Sumitomo
Japan
Macy
Federated Management and Board of Directors
Macy’s Federated Inc
Macy's
First Boston Corp
Youngstown
Edward J. DeBartolo
Olympia & York Developments Ltd
Brooks Brothers
Allied Stores Corp
Firestone Bridgestone face class action over Pirelli bid
Two Firestone shareholders sue Firestone and Bridgestone in Cleveland alleging a conspiracy to block Pirelli's bid for Firestone Akron tire unit. The suit seeks a good faith response to bids, injunction on antitakeover moves, and damages. Defendants include Firestone leaders and 11 directors.
MENTIONED IN THIS ARTICLE
Cleveland
Firestone
Japan
Bridgestone
Pirelli
Cuyahoga County
John J. Nevin
Jay H. Rosenson
Robert Troyer
Panama delays bond payments to Japanese banks
Japanese banks will wait for the time being after Panama missed a 40.6 million dollar bond payment. The Bank of Tokyo and Yamaichi Securities lead the issue from a 1978 Panama issue, with a U.S. aid freeze blamed for the delay amid Noriega-related tensions.
MENTIONED IN THIS ARTICLE
Panama
Tokyo
Bank of Tokyo
Yamaichi Securities Co
U.S
Washington
Manuel Antonio Noriega
United States
Noriega
Florida
Also Mentioned on This Page
National Chrysler Bargaining Council
Lloyd Northard
Marc Stepp
Chrysler Department
Anthony St. John
Chicago Tribune
U.S. Census Bureau
NtSemi
Ys Wyse
Navistr
Ava Nynex
Calton
SouthCo
CmpaAs
GaPac
Pierre R. Smith
Sprices Gillete
Axon
Acme Cleve WY Halbin
Allied Corporation
Hanson
Alltel
Sis
We Center For
Hmstk
CPC Inter. Inc
Ye Emerson
Ng Ae
INCO
First Bancorp
JBM
Th Goodrich
Industries Ae Dom
Kinet
LCB Bancorp
LNB Bancorp
Lesco Inc. S
Ulce
He Noardson
MCA
MDA
Northern Savings
Marion
Ohio Ison
Maxus
Parker Hannifin
Maytag
Ty Sunrise Medical
St ST Ie Tas
Utilities
Mabil
Morgan
Oe Westworth
F.W
Motoria
Am Ba
York International
Kidron Livestock
Piastate
Calves Chentee
Goork
Metter
New York Stock Exchange
Trude Latimer
Josepthal & Co
Alan Ackerman
Cruntal & Co
Philip Puccio
Dillon Road
Puccio
Shearson Lehman
Rose Kallus
Harry Lewis
Brooklyn
N.C
Nevin
Stanadyne
Philia Stock Exchange Inc
SIPC
Bank
Court St
Elyria
Wyre
Lorain
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