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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 12, 1997
Page
6
The Labor Department reports U S productivity rose 0.7 percent in 1996, the best in four years but below mid-century highs. Analysts credit rapid technology gains, especially computers, with improvement, while unit labor costs rose 2.9 percent for the year.
Elyria business celebrates its 40th anniversary as Newton Baus started a spring on his potato farm. Now run by Wayne Baus with Greg and Bryan, the firm delivers water, offers private labeling, and employs 25 as competition grows to 13 other Cleveland area water firms.
The US Trade and Development Agency and the Commerce Department sponsor a two day conference on the ninth floor of Key Bank Center 127 Public Square Cleveland co sponsored by the Cleveland World Trade Association. Attendees will hear case studies on federal export programs and meet representatives from the Asian Development Bank ExIm Bank Overseas Private Investment Corp and others. The $150 fee covers breakfasts lunches a reception and materials.
The Cleveland district of Sears Hardware, including North Olmsted and Parma stores, was named District of the Year and received the Director's Challenge Award for top overall performance in Sears Hardware's Excellence program begun in 1996.
Justice Department antitrust chief Joel Klein said Bell telephone companies face a tougher test than the 14 point checklist and other criteria in the Telecommunications Act of 1996. Even with meeting terms, entry into long distance requires sufficient competition and separate subsidiaries, with FCC approval pending.
Market notes reference Akin investment AEGON USA Securities Allied Corporation Altel and Chrysler CoBancorp Inc. among listed entities. Read as a structured stock brief highlighting firms and sector mentions in a concise column style.
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