Canadian strike idles 800 Chrysler workers in Ohio
Up to 3,500 more US autoworkers at Chrysler could lose jobs if the Canadian strike persists two weeks. About 2,400 US workers began indefinite layoffs across four states, with 800 layoffs in Ohio plants and 1,000 in Michigan. No US assembly plants closed yet.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
States
Canada
Chrysler
Ohio
Toledo
Dayton
Twinsburg
van Wert Amples
Market shows slight advance as Dow gains early
Amy Richards reports the stock market edged higher on Monday with the Dow Jones industrial average up 1.93 to 1,039.37 in early trading. Analysts tied gains to expectations of an eventual Fed discount rate cut, as declines outpaced advances by about two to one on the NYSE with Armco leading the active list at 4% higher.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Federal Reserve
Fed
Armco
NYSE
American Stock Exchange
Egg price report blurs with local dairy markets
AP dispatch from Columbus notes eggs and butter supplies impacting retailers as cartons shift to end users. Chicago wholesale figures show Class I large at 51 cents, Class 2 large 48, mediums 45, with midwest markets under downward pressure.
MENTIONED IN THIS ARTICLE
Columbus
Jane
Chicago
Midwest
Creston Livestock Auction Reports Mixed Prices and Volumes
Creston consignors sold 349 head across cattle calves sheep hogs and goats at the Creston Livestock Auction. Prices ranged for calves and hogs with choice steers 58 to 61 dollars, goods 54 to 85, and hogs and pigs variously 14 to 55. Sheep and goat lines showed good lambs 43 to 45 dollars and goats 14 to 38 dollars.
MENTIONED IN THIS ARTICLE
Creston
Bipartisan move in Congress to force lower interest rates
In Washington a coalition of conservative Republicans and Democratic leaders pushes a bill to compel the Federal Reserve to cut rates. Key figures include Rep. Jack Kemp, Trent Lott, Sen. Robert Byrd, and Jim Wright. Fed officials warn against political meddling, while acknowledging congressional pressure and ongoing negotiations.
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Washington
Congress
Federal Reserve Board
Jack Kemp
New York
House
Trent Lott
Mississippi
Senate
Robert Byrd
West Virginia
Jim Wright
Texas
Federal Reserve
Fed
Paul A- Volcker
White House
Volcker
Reagan
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Pierre R Smith
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Caecatl
Noro
Excello
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PPG
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