Analysts question July factory orders gain amid defense boost
Analysts discount a Commerce Department July report showing factory orders up 2.2 percent to 196 billion, noting defense contracts fueled the rise. Excluding defense, the gain would be 0.5 percent as manufacturers face foreign competition and weak demand.
MENTIONED IN THIS ARTICLE
Commerce Department
Eastern Airlines cuts 1500 jobs amid $160 million in savings
Eastern Airlines announced 1534 layoffs nationwide as part of $160 million in cuts to reduce a 1986 half-year loss and narrow a deficit. Management promised service and safety would not be harmed, and noted no aircraft mechanics were laid off.
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Miami
Eastern Airlines
Federal Department of Transportation
Texas Air Corp
Eastern
Glenn Parsons
Parsons
Leonard
Texas Air
Frank Lorenzo
Charlotte
N.C
London
James McGlone
McGlone
Amherst
Nordson Corp
Nordson
William P. Madar
U.S
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Ohio
Oberlin
Wellington
Grafton
North Eaton Township
Lorain County
Illinois
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Nebraska
Public Utilities Commission of Ohio
GTE
Toxic shock ruling overturned in tampon case on new trial
A federal appeals court reversed an $11.5 million verdict against International Playtex in Betty O Gilvie’s toxic shock death. The 10th U S Circuit ordered a new trial to determine the victim’s role and whether other tampon makers contributed, after fault was split 80 20 percent against Playtex and a physician.
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Denver
International Playtex, Inc
10Th U.S. Circuit Court of Appeals
Wichita
Kan
Playtex
Betty O’gilvie
O’gilvie
U.S
Patrick Kelly
Walkout Looming at Armco Middletown Works
A federal mediator met with Armco union leaders as a three day vote begins on possible strike at ArmcoInc Middletown Works. If approved, 4,300 members could walk out Friday amid wage and benefits disputes and potential supervisory job takeovers.
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Middletown
Armco
Armco Inc
Middletown Works
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