Sohio to buy Kennecott for 1.77 billion dollars
Sohio and Kennecott announced a $1.77 billion cash merger at $62 a share for Kennecott’s 28.5 million common shares. If approved by Kennecott shareholders in May, Barrow would stay as CEO and the company would merge into Sohio or a new subsidiary, expanding Sohio’s resource base beyond oil into minerals and metals.
MENTIONED IN THIS ARTICLE
Cleveland
Standard Oil Co
Ohio
Kennecott Corp
Sohio
U.S
British Petroleum Co. Ltd
Kennecott
Stamford
Alton W. Whitehouse
Thomas D. Barrow
Curtiss- Wright Corp
Alaska North Slope
Whitehouse
Barrow
Wall Street
New York Stock Exchange
NYSE
Oil Company
John D. Rockefeller
Pennsylvania
U.S. Steel Corp
Seagram Co. Ltd
St. Joe Minerals Corp
California
Amax Inc
Curtiss-Wright
Utah
Arizona
New Mexico
Kennecott- Curtiss Wright
Dorr- Oliver
Opening stocks surge as Dow eyes 1000 mark
New York stocks opened higher with the Dow up 1.08 to 990.90 as 1,094 NYSE issues traded about 3.6 million shares. Analysts cite oil company bids, antitrust fears, and a possible Fed rate easing after a five month low money supply report.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
NYSE
Dow
Wall Street
Metal prices report from New York market bulletin
New York metal prices list shows copper at several cents per pound, lead and zinc at fractional cents, aluminum at 76 cents per pound, tin at 6.93 dollars per ounce, gold around 478 dollars per troy ounce, and silver details near 1175. This bulletin covers nonferrous metals: copper, lead, zinc, tin, aluminum, gold, and related transport destinations.
MENTIONED IN THIS ARTICLE
New York
S Pound
Troy
Wanes
Ohio butter and eggs prices in AP market notes
Ohio wholesale dairy notes show butter and eggs to retailers with carton deliveries. Prices span white 75 to 84 cents, averages around 69 to 78 cents, while creamery butter quotes around 1.58 to 1.57 dollars per pound for 3 score AA and 1.62 to 1.55 dollars for score A. Market figures from AP and USDA.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Lew
New York
USDA
Grain prices at Lorain County Farm Bureau Coop closing
Lorain County Farm Bureau Cooperative Association reports yesterday's grain market closes with Wheat at 3.95 per bushel Shelled corn at 3.16 oats 2.60 and soybeans 7.08 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Ohio cash grain prices after markets close in principal areas
Columbus report shows state market prices per bushel for No 2 wheat and No 2 shelled corn in Northwest Ohio and eastern markets. No 2 wheat quotes around 2.02 to 3.22, No 2 shelled corn near 2.17 to 3.18, with oats around 0.62. Soybeans quoted in the No 2 category at areas unspecified.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northwest
Ohio could gain 16000 jobs if B 1 bomber revived
COLUMBUS UP I states that Ohio could land about 16000 aerospace jobs if the B 1 bomber project is revived and awarded to Rockwell International. Columbus plant would add 2500 jobs with further openings for subcontractors across Ohio as state officials push training and defense spending to spur employment nationwide.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Defense Department
Rockwell International Corp
James Duerk
Economic and Community Development Department
Rockwell
Duerk
Duerk’s
Reagan Administration
James A. Rhodes
Defense
Capser Weinberger
Livestock Market Mixed, Hogs Down Feeder Pigs Strong
Sunshine and spring like conditions as Amish farmers plow. Market hogs slipped while feeder pigs remained in strong demand due to tight supply. Beef cattle and good dairy cows showed strength, with good springer cows and heifers in solid demand. Calves, cattle classes, sheep, and fat cows ranged in various price bands, with hay and straw volumes reported for the period.
MENTIONED IN THIS ARTICLE
Kidron
Financial management workshop for family firms offered at LCCC
A workshop on Financial Management for the Family or Closely Held Business is offered at LCCC with leaders from Hausser and Heinzel accountants. Co-sponsored by LCCC and the Commerce and Industry Association, registration is limited to 25 and due by March 24. Classes run 7 9 p m on Tuesdays from March 31. An Estate Planning Seminar co sponsored by the Greater Lorain Chamber of Commerce will be held at 7 30 p m on March 18 led by Thomas Pillan of Wickens Herzer Panza Co L P and vice president for estate planning and probate.
MENTIONED IN THIS ARTICLE
LCCC
Hausser and Heinzel Accountants
The
Commerce and Industry Association
LGCC
Greater Lorain
North Ridgeville Chamber Announces Luncheon Speaker
The North Ridgeville Chamber of Commerce will host a noon Thursday luncheon with John P. Dunn district manager of NFIB. The NFIB boasts about 600000 members nationwide and 82 in North Ridgeville, a city described as home to many small businesses.
MENTIONED IN THIS ARTICLE
North Ridgeville Chamber
John P. Dunn
National Federation of Independent Businesses
North Ridgeville
NFIB
HBA Lorain County Launches Remodelers Council
The 270 member Home Builders Association of Lorain County chartered a Remodelers and Rehabilitation Council led by Robert Nickoloff of Nickoloff Builders and Remodelers in Elyria. Starting with 10 charter members, the council will qualify reputable remodelers and suppliers, collaborate with customers, and provide educational and lobbying services for the growing industry.
MENTIONED IN THIS ARTICLE
Home Builders Association of
Lorain County
Also Mentioned on This Page
Business News
Chemical Bank
Federal Reserve
Fed
Me Colgate
Columbia Gas
Cmn Edison
Cos NG
Pwr
Curtiss Wr
Sat Dayton
Detroit Edis
Eastern Air
East Kodak
Evans P
Exxon
Gulf Ou
Hersh Foods
Nhat Inco Ltd
Ing Rand
Intl
Laken Steel
He McLouth Steel
Mobil Corp
Monsanto
Steel
Nabusco
Colni Incor
MSG
Wu Si Norsk
Oswen
Pan Am Air
Cooper Labs
Phillips Pet
Polaraid
Ligue Box
Naxx Corp
RCA
Adin Express Petrolemm Recre Pel Moti
Karpert
Sears
Bn Trw
Pierre R SI
Acme Cleve Uh Wy
Amer Mach & Foundry
Amer Standard Amer
Bendix
Crc Increational, Inc
Extelle Alice Fruehaut
Goodrich
LC Industries
Learfegler
Nad Continent Tel
Midland Ross
National Gypsum
Ohio Edison Ny Parker Hannifin Date
Searle
G.D
Or Southern Co
Fated Edison
Union Pactic Corp
Woolworth
Whatital
Ines
Vanguerdivert
VogreWagin Renter
Kidron Livestock
Manage
Grange
Insurance
Oberlin
Area Business News
Hba’s New Remodelers Council
Stewart's
Cleveland St
Tyria
Lorain
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