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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 21, 1979
Page
12
New York AP reports a mixed stock market with the Dow slipping 1.04 to 840.87 in the first half hour. Gainers led losers 6-5 among NYSE issues as several stocks opened late due to breaking merger and takeover news, including Fairchild Camera.
The Midview High School Class of 1964 holds its 15 year reunion on July 28 at the American Legion Hall in Elyria. Activities start at 6 30 p.m. with a social hour then dinner and dancing. Contact Layne Durkee for information on listed classmates.
United Airlines could restart limited operations within days if 18,500 IAMAW members approve a three year tentative contract reached in Denver after a 52 day strike. Ratification votes Wednesday and Thursday, with possible full service within 7 to 10 days after approval.
William T Ylvisaker 55 CEO of Gould Inc built the firm from a battery maker into a diversified auto batteries motors and electronics company based in Rolling Meadows Illinois Since he joined in 1967 Gould expanded through 33 acquisitions and a push into research and product development He twice offered to buy Fairchild Camera Instrument Corp triggering lawsuits alleging securities antitrust violations and counter suits Gould analyst supporters see a possible Gould Fairchild merger as beneficial leveraging semiconductors and testing systems Ylvisaker born St Paul served in the Naval Reserve Yale 1948 career included Bank of New York Lake Forest Illinois Pheell Manufacturing General American Transportation and Gould National Battery He faced SEC actions in 1974 and 1977 over disclosure issues linked to J T E Imperial
Senator Cranston and fellow Democrats press for James R. Schlesinger to be fired over alleged inefficiency and pro oil bias at the Energy Department. The piece accuses Schlesinger of mismanagement, favoring large contractors, and lacking fortitude on nuclear policy, with Carter’s energy stance blamed for consumer costs and policy failures.
Dominica and Saint Lucia, English speaking Caribbean nations, are slated to become OAS members this week as the organization holds a special session to consider their applications. Both islands lie near Martinique and their entry is viewed as assured, reflecting the hemisphere's openness to new independent states.
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