Texas Air to buy People Express in $125 million stock deal
Texas Air Corp agrees to acquire financially struggling People Express Inc for 125 million in stock and buy Frontier Airlines assets for 176 million in cash and securities. The deal targets prior Eastern Airlines routes and may face antitrust scrutiny from regulators and rival carriers.
MENTIONED IN THIS ARTICLE
Texas Air
People Express
Texas Air Corp
People Express Inc
Eastern Airlines
Frontier Airlines
Frontier
Frank Lorenzo
Provincetown-Boston
Naples
Florida
Britt Airways
Midwest
U.S. Department of Transportation
Rival Airlines
American
Delta
United
Piedmont
Continental
Eastern
Robert Joedicke
Shearson Lehman Bros
People’s
Dow slides in early trading after last week collapse
The Dow Jones average falls 17.85 to 1,749.72 in the first hour as bond rates rise, with losers outpacing gainers on the NYSE. Volume reaches 34.81 million shares as investors digest a renewed market downturn and new government trade deficit data.
MENTIONED IN THIS ARTICLE
Bankamerica
Europe
Philip Morris
International Business Machines
Digital Equipment
General Electric
NYSE
American Stock Exchange
Egg prices in Ohio cities rise across sizes
Prices to retailers in Columbus and other Ohio cities show cartons delivered with Extra large at .71 to .74, Large .70 to .73, Medium .62 to .65, Small .43 to .46. Light-type hens producer-loading at 14 to 15 percent, mostly 15.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Car sales boom under low financing drives September rush
Automakers report 36.9 percent higher sales per day from Sept 1–10, led by GM with 232,252 cars. Ford and Chrysler also show gains as financing at 2.9 percent attracts buyers, though analysts warn the boost may fade when deals end. Overall early Sept rate hits 17 million annualized, with 368,674 cars sold in the period.
MENTIONED IN THIS ARTICLE
Detroit
L. Raymond Windecker
Ford Motor Co
Jeanette Garretty
Bank of America
San Francisco
General Motors Corp
American Motors Corp
Scott Morris
New York
Morgan Stanley
Ford
Chrysler
Ameritech lures back striking workers in Ohio
Ameritech Publishing Inc claims success in ending a strike by rehiring strikers and adding replacements. More than 200 of 384 workers who began a Aug. 13 strike in Cleveland Akron and Columbus returned to work. Michigan and Indiana workers are cited in contract talks and tentative agreement steps.
MENTIONED IN THIS ARTICLE
Cleveland
Ameritech Publishing Inc
Ohio
Akron
Columbus
Michigan
Telephone Directory
Indiana
Tom Cotton
Troy
Dave Derrig
Communications Workers of America
Cotton
Derrig
Ameritech
Creston Sale Totals 892 Livestock From 320 Consignors
Creston auction on Monday sold 892 head from 320 consignors. Cattle included choice steers 59 to 68, heifers 54 to 59, good cows 39 to 44, commercial and cutter types 32 to 39, plus Holsteins 42 to 56. Other sections covered calves, sheep, hogs, and feeders with multiple price breaks and farm-return notes.
MENTIONED IN THIS ARTICLE
Creston
Lorain County Farm Bureau Lists Grain Prices
Lorain County Farm Bureau Cooperative Association reports yesterday’s market close with Wheat at 193 per bushel, Shelled Corn 141, Oats 70, and Soybeans 449 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Interest rates dip on 3 month T bills
The Treasury sold 3 month bills totaling 0.82 billion at an average discount rate of 5.16 percent, down from 5.24 percent last week. Six month bills totaling 7.83 billion sold at 5.34 percent, down from 5.35 percent, marking the lowest rates in weeks.
MENTIONED IN THIS ARTICLE
Washington
Treasury Securities
Treasury Department
Volvo Recalls 89,587 U.S. Cars Over Throttle Cable Issue
Volvo recalls 89,587 DL and GL 240 series cars from 1985 and 1986 due to defective throttle cables that could stick or slip after low speed collisions. A sleeve could be pulled from its fitting, raising engine speed and making the vehicle hard to control post impact. 10 injury reports, none serious, are noted.
MENTIONED IN THIS ARTICLE
Detroit
Volvo
United States
U.S
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Knight-Ridder Newspapers
Jchrysler
Dow
Mutuals
Sell Amer-Wash Mutual
Fidelity
Puritan
Hancock
Mid
Mass Fin
MIT
National
Bond
NL Templin
Growth
Templin
World
Vanguard
Wellgin
Amana
Sanyo
Sampo
Hitachi
Panasonic
Ctome
Stewart's
Cleveland St
Elyria Elyne
Karmen
Chrysler Corp
Creston Livestock
Snoble, Snoble, Tonry & Innes
Association of
John G. Morrison
Morrison
Elyria Savings and Trust Bank
Elyria
Lorain
Parker
Hunter
Tras — Keoghs
PARKER/HUNTER INCORPORATED
Midway Blvd
Midway Mall
Elynn, Oho
Flyria
Volvo Cars of
North America
Management Techni
Lorain County Vocational Center Rss
Electronic Typewriters
Royal Business Equipment
Etyria
Ph. Etyria
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