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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 12, 1990

Page

9

UAW reviews GM inventories as strike deadline nears

UAW staffers inspect GM plant inventories nationwide amid sharp bargaining rifts over job security. If no agreement by Friday midnight, selective plant walkouts loom as talks continue on layoffs, holidays, and cost sharing.

General Motors Corp UAW GM Technical Warren Mich

Deficit widens but remains modest in US foreign trade

In the April-June quarter the broad trade deficit rose to 21.84 billion dollars, still the second-best in six years. Economists forecast a sharp rise ahead as the Persian Gulf crisis increases oil costs and curbs overseas earnings. Eastern Airlines unveils a new business traveler strategy during a 100 Days campaign closing Wednesday, including larger first-class cabins and a corporate rate. NYSE advances 24-hour trading plans with two after-hours crossing sessions and new post-opening rules.

Washington America Miami Eastern Airlines Martin Shugrue Eastern Shugrue Wall St NYSE

Wage Gap Between Big Three Revealed in Report

The analysis shows hourly base wages for assemblers at the three automakers average around 14.00 dollars, with total compensation including benefits climbing to about 30.00 dollars per hour. Benefits include health care, pensions, and related costs.

UAW J.J. Case Agricultural Implements Company Racine Wis

Auditors warn FDIC risk threatens bank bailout need

The GAO report warns the FDIC reserve could be wiped out by bank failures if a recession hits. With 129 failures in 1990, projected losses could total 4.4 to 6.6 billion dollars, and a taxpayer bailout may be required to sustain insured deposits.

Washington Congressional Charles Bowsher FDIC William Seidman Bowsher GAO Texas

Metal Prices Move on New York and Merc Markets

Closing Comex prices show gold at 380 500 per troy ounce and silver at 4 77 per troy ounce. Merc prices list platinum at 45070 per troy ounce and palladium at 103 50 per ounce. Spot nonferrous metals report aluminum 81 cents, copper 37 34 80 cents per pound, lead 50 52 cents, zinc 77 79 cents, tin 3 7506 per pound, and mercury 260 265 per pound.

New York Comex

Lorain County Farmers Market Closing Grain Prices

Lorain County Farm Bureau Cooperative Association reports yesterday's closing grain prices: Wheat at 2.36 per bushel, Shelled corn at 2.48, oats at 1.25, soybeans at 6.03 per bushel. Prices reflect local trading activity and market conditions.

Lorain County Farm Bureau Cooperate Assecation, Inc

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