Market pushes ahead as stocks rise in early trading
The Dow gains .77 to 1,248.01 in early trades as NYSE issues show 6-5 gains over losses. Fed chair Preston Martin hints at lower stock margin requirements. AT&T up 4 percent, Chrysler up, PepsiCo down, Merrill Lynch flat amid strong overall volume.
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Suit against Amship shifted to county court
A federal judge ordered the $4 million lawsuit filed by former American Ship Building Lorain yard welder Leon A. Tucker transferred to Lorain County Common Pleas Court. Judge John M. Manos said the federal court lacked jurisdiction. Tucker alleges on the job fumes caused permanent disability.
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GM Saturn site search narrows to multiple states
GM spokesman Stan Hall dismissed reports naming eight finalist cities for Saturn's site. The automaker plans a large new plant by decade's end but has not narrowed to any list or location. The search spans Indiana Ohio Kentucky Michigan and others with no confirmed edge for any state.
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Chamber sponsors group health plan in Lorain County
The Greater Lorain Chamber of Commerce announces a United Chambers Insured Plans group health program for small Lorain County companies of 11 to 14 employees with no occupational exclusions. May 10 is the deadline for Community Improvement Awards nominations ahead of the May 22 dinner at the Palace Civic Center. Call Bob Kowalczyk at 244-2292 for details.
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