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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 25, 1996
Page
5
Dear Bruce answers readers on specific risk policies like cancer insurance and advises against putting funds in a child's name. He notes general insurance is wiser if hospital or HMO needs arise and warns parents to keep education funds in their name to retain control, not the child’s.
Readers are invited to send questions to Smart Money at P O Box 503 Elfers Florida 34680. General interest inquiries will be answered in future columns and due to high mail volume personal replies cannot be provided.
Ford and other firms trim components and packaging to cut costs. Ford reuses parts across models saving billions through streamlined inventory. Breyers replaces long pledge on half gallon cartons with natural leaf motif saving hundreds of thousands. Delta drops lettuce garnish and reduces route maps saving millions and boosting profit.
Champion International Corp. plans to eliminate 350 hourly positions at its southwest Ohio paper mill by year end 1997. Based in Stamford, Conn., the company will negotiate voluntary severance packages with as many employees as possible. The plant employs 800 people and had cut 205 previously.
AK Steel Corp seeks to nullify an arbitrator ruling ordering recall of workers laid off since August 1998 at Ashland Works. The Middletown Ohio-based company argues the arbitrator overstepped authority after the UNITE Local 1865 contract expired. In Greensboro protests over Kmart wages spread to Atlanta Houston Cleveland Norfolk and Memphis.
Cincinnati AP Gibson Greetings faces investor skepticism as it declines to review American Greetings’ 19 a share offer. Shares slid to 14.87 from a 1992 peak, Crandon Capital suit in Delaware seeks cooperation to maximize shareholder value, while analysts warn a sale may be the only path to value.
CBSs 60 Minutes reported Brown & Williamson considered buying a nicotine patch company to profit from quitters but feared FDA regulation and lawsuits would threaten the tobacco business. The probe cites a memo warning the move could be seen as nicotine delivery and invites regulatory risk.
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