First quarter earnings drop for GM and Ford
General Motors and Ford Motor faced steep first quarter declines with profits down 54 percent and 70 percent respectively. GM earned 710 million and Ford 506 million, marking their weakest first quarter since 1983. Chrysler totaled 71 million as the Big Three’s combined output lagged behind 1989.
MENTIONED IN THIS ARTICLE
Knight-Ridder
Detroit
United States
General Motors Corp
Ford Motor Corp
Ford
Chrysler Corp
Europe
Latin America
U.S
Chrysler
Ford Motor Co
Handicapped GM worker wins harassment suit
Timothy Graves, a GM draftsman born without hands and with one foot, won a $75,000 verdict after a Macomb County jury found coworkers and supervisors ridiculed his disability for over a decade. He described taunts and pranks including dolls and cartoons, while GM pledged non discrimination and enforcement of its rules.
MENTIONED IN THIS ARTICLE
Detroit
Timothy Graves
General Motors Corp
Macomb County
Paul Donnelly
Federated reconsiders Bloomingdale's sale
Federated Department Stores says Bloomingdale's, its flagship chain, is more valuable to keep than to sell. The company has taken the 117 store chain off the market and will aggressively manage the business to exploit its future potential. Allen Questrom and James Zimmerman outlined the plan in a prepared statement. No offers or terms were disclosed.
MENTIONED IN THIS ARTICLE
Cincinnati
Federated Department Stores Inc
Bloomingdale's
Federated
Allen Questrom
James Zimmerman
Dayton-Society Bank to Buy 13 Citizens Branches in Columbus
Dayton based Society Bank plans to pay 15.6 million for 13 Citizens Federal Savings & Loan Association branches in the Columbus area. The purchase boosts deposits to about 319 million to 330 million and aligns Citizens with federal liquidity rules. The deal, filed with the OCC, covers 35 branches in Columbus and Dayton.
MENTIONED IN THIS ARTICLE
Dayton — Society Bank
Columbus-area
Citizens Federal Savings & Loan Association
Citizens Federal
Society
Chicago
U.S. Comptroller of the Currency
Thrift
Columbus
Dayton
Bush backs Taylor for top federal thrift bailout post
President Bush endorses William Taylor, a longtime Fed official, to chair the FDIC and RTC, replacing L William Seidman. Taylor currently directs bank supervision at the Federal Reserve Board and is described as a low key veteran fit for the challenging job.
MENTIONED IN THIS ARTICLE
Washington
Bush
William Taylor
Federal Reserve
Taylor
Federal Reserve Board
L. William Seidman
Federal Deposit Insurance Corp
Resolution Trust Corp
Kidron Auction Market Livestock sale totals 2384 head
Hogs top at 5885 while feeder pigs 50 to 60 pounds fetch 32.5 to 36.75. Holstein calves sell 160 to 187.50, good cows 54 to 50, with cows and heifers strong up to 1260 and 4150. Hay and straw demand remains high despite fewer loads, with hay first cutting 85 to 160, third cutting 95 to 205 per ton. cattle, sheep and dairy prices listed.
MENTIONED IN THIS ARTICLE
Kidron
Hatfield
Metal Prices New York commodities report
AP reports closing prices on the Comex and Merc markets with Gold at 370.60 per troy ounce Silver 4.995 per troy ounce Platinum 479.70 Palladium 119.85, spot nonferrous metals Aluminum 0.73 per lb Copper 1.2210 per lb Lead 0.49-0.52 per lb Zinc 0.83 per lb Tin 3.9033 per lb Mercury 280-3290 per 75 pound flask.
MENTIONED IN THIS ARTICLE
New York
Comex
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Douglas Laughlin
Bear Stearns & Co
Dearborn
Mich
Lorain
Ohio
David McCammon
England
McCammon
Belgium
Autolatina
Volkswagen
Knight-Ridder Newspapers
Harrison Township
Graves
NYSE
ASR Ag Aus
IBM
Ea Cooper
Alan
John Jn
Cyprus
Wwe
AaHmes
Disney
Sime Ue Schimb
At&t
duPonts
Marriot
Exxon
Maytag
SouthCo
Ben Bias
McDals
Asareo
Barna Ny
Tosco
Baxter
Ma Pheer
Byr Ba Philarl
Yi Globyld &B
PhilMrs
Ta William
PhilGl
IFF Hanson
Wy PhilPet
Acme Cleve
LNB
Bancorp
Aled Corporation
Lesce
Ham.quae
Patrick Smith Co
Abbe Road
Third Street
Bloomingdale
Bloomingdale’s
Sylvania
MON Thurs & Fri
TUE
WEC
Stewart's
Cleveland St
Elyria
Elyna
Lorma
Discover
OPEC
Geneva
Kidron Livestock
Mutuals
Whst Mutual
Dreyfus
Fidelity-Puritan
Hancock
Jass
Fin
P.O
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