Eastern Internationalizes Under Texas Air Buyout
Eastern Airlines becomes a Texas Air subsidiary after a $676 million purchase approved by a majority of Eastern shareholders. The Houston based line owned at least 51 percent of Eastern stock, with union tensions and employee investors challenging the deal as chaos erupted at the New York meeting.
MENTIONED IN THIS ARTICLE
NEW York
Eastern Airlines
Texas Air Corp
Eastern
Texas Air
John Fallon
Charles Bryan
Bryan
U.S
James L. King
Miam
Machinists Union
Egg price report from Columbus Ohio markets
AP reports egg prices to retailers in major Ohio cities with cartons delivered. Extra large 75 to 78 cents, large 72 to 77, medium 66 to 70, small 48 to 51. Light-type hens too few to report.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Metal prices New York closing on Comex metals
AP reports New York metal prices closing yesterday on Comex with figures for gold at 38550 per troy ounce and silver at 5304 per troy ounce. Nonferrous prices include aluminum 4815 cents per pound copper 4905 cents per pound lead 27 to 29 cents per pound zinc 47 50 cents per pound tin 38926 per pound mercury 210 to 220 per 76 pound flask and platinum 47280 per domestic merchant troy ounce.
MENTIONED IN THIS ARTICLE
New York
Lorain County Bank to Open Lorain Office
Lorain County Bank plans its first Lorain branch at 3903 Pearl Rd Oakwood Plaza in Lorain. President Robert Bowman says opening depends on federal regulatory approval after Citizens Home Savings sale to First Nationwide Bank in June closed the Oakwood Plaza office.
MENTIONED IN THIS ARTICLE
Elyria
Lorain County Bank
Lorain
Citizens Home Savings
Robert Bowman
Pearl Rd
Oakwood Plaza
First Nationwide Bank
Alltel rate cuts offset by new charges in Ohio
The Public Utilities Commission of Ohio ruled that Alltel customers in Elyria and 13 other counties face a 30 cent average bill drop for residential service if they avoid directory assistance and phone booths. The decision lets Alltel charge 30 cents per directory assistance call, raise pay phone calls from 20 to 25 cents, and lift standard line rentals 85 cents to 1.75 monthly, boosting gross operating revenues by about 1.5 million dollars. Alltel serves about 53,000 customers across 14 counties, including Elyria and nearby towns.
MENTIONED IN THIS ARTICLE
Elyria
Alltel
Ohio Telephone Co
Public Utilities Commission of Ohio
PACO
Directory Assistance Service
Ohio
Lorain County
North Ridgeville
LaGrange
Grafton
North Eaton
Columbia Station
Celeste urges GM aid to save Ohio plant jobs
Gov. Celeste asks General Motors to provide adjustment assistance and help convert Norwood and Hamilton area plants for new manufacturing. GM plans to close Norwood assembly and Fairfield stamping plants by 1988 and 1989, risking about 6,500 jobs. He cites IBM Greencastle example of land donation and grants as a model.
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Columbus
Richard Celeste
General Motors Corp
Southwest Ohio
Cincinnati
Norwood
Fairfield
Celeste
Roger Smith
Hamilton
General Motors
Ohio
IBM Corp
Greencastle
Ind
TBM
IBM
Auto sales up in mid November amid mixed orders
Auto sales rose in mid November with Ford and Chrysler posting strong gains, while GM fell. Durable goods orders dropped sharply in the biggest decline in over two years, as retail prices edged up 0.2 percent and earnings rose slightly. Existing home sales held near September highs with a 3.76 million annual rate and a median price of 79,700 dollars.
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Associated Press
General Motors Corp
Ford Motor Co
Chrysler Corp
Ford
Chrysler
Sandra Shaber
Chase Econometrics
Commerce Department
Labor Department
National Association of Realtors
Harshaw Filtrol signs sales pact with Falconbridge
Harshaw Filtrol Partnership joins with Falconbridge Trading Associates of Dublin to market a waste disposal service for recycling wastes from Harshaw Filtrol catalysts. The service, aiding compliance with EPA rules, will supply wastes for nickel oxide ferronickel copper and cobalt production.
MENTIONED IN THIS ARTICLE
Harshaw /Filtrol
Cleveland
Harshaw/ Filtrol
Dublin
Ohio
Falconbridge Trading Associates
John J. Stanulonis
Harshaw/Filtrol
Falconbridge
Falconbridge Ltd
Toronto
Cartides International Trading Inc
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