GM UAW tentative pact signals cooperative era ahead
A three year tentative deal between General Motors and the United Auto Workers offers a 3 percent raise in year one and 3 percent lump sums in years two and three. Both sides emphasize goodwill amid wage details sparse and broader plant closures eyed as Ford and Chrysler contract talks proceed.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
General Motors Corp
General Motors
Alfred Warren
JD. Boatman
Cadillac
U.S
UAW
Owen Bieber
Dearborn
Bieber
Canadian Auto Workers
Ford Motor Co
CAW
Bob White
Ford
Jim Hartford
Chrysler Corp
Chrysler
Ford truck recall sought over gear shift lever failures
A consumer group urged Ford Motor Co to recall 240000 Ranger and Bronco II vehicles for gear shift lever failures that can break in the driver's hand. Ford disputes safety risk, citing drivability even after breakage and limited warranty offers. The NHTSA opened an investigation last year after Ford's internal report showed 6473 lever failures in 1986 87 Rangers.
MENTIONED IN THIS ARTICLE
Washington
Ford Motor Co
Ford
Samuel Cole
Center For Auto Safety
Cole
Joy Stinson
National Highway Traffic Safety Administration
Ranger
Mazda
Ms. Stinson
Elyria approves 247 unit mini warehouse plan on Abbe Road
Elyria City Council approved a conditional use permit for a 247 unit storage warehouse complex on 2.8 acres along Abbe Road south of Antioch Drive. Joseph and Dorothy Marsho receive the permit, with development by Developer Lorne Elbert. The plan includes a manager residence in one building, five total buildings, and drainage and site-safety conditions including restrictive signs and fencing. A wooden perimeter fence and retention area will be added to improve aesthetics and control runoff. hours run 7 to 8 summer, 7 to 5 winter.
MENTIONED IN THIS ARTICLE
Elyria
Abbe Road
Antioch Drive
Joseph
Dorothy Marsho
Lorne Elbert
Elbert
T-bill rates fall to six-week low on short Treasury auctions
U S Treasury sold 9.2 billion in three month bills at 7.39 percent discount and another 9.2 billion in six month bills at 7.30 percent, both down from a week earlier. The Fed noted one year bill yields rose to 7.75 percent from 7.74 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
Lorain County Farm Bureau Reports Grain Bids
Local market closes with wheat at 2.26 dollars per bushel shelled corn 2.35 oats 1.25 soybeans 5.98 per bushel. Community grain quotes provided by Lorain County Farm Bureau Cooperative Association reflect prices at yesterday's close.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association
Keating Indicted Over Junk Bonds Ties to Lincoln S&L
A Los Angeles grand jury indicted Charles H. Keating Jr and three Lincoln Savings executives in securities fraud tied to American Continental junk bonds. The charges involve bonds sold mostly through Lincoln branches in California from 1984 to 1988. About 23,000 investors, including 240 in Arizona, invested over 230 million dollars. many seniors claimed they were misled about federal insurance and high risk. The LA DA’s office declined to confirm the indictments.
MENTIONED IN THIS ARTICLE
Richard R. Robertson
Arizona Republic
Phoenix
Charles H. Keating Jr
Los Angeles
American Continental
Keating
Irvine
Calif
Cher
Robin S. Symes
Ray C. Fidel
Lincoln Savings
Arizona
Lincoln
Metal Prices New York and Merc Comex Close
Yesterday closing prices on the Comex listed gold at 389.40 per troy ounce and silver at 4.766 per troy ounce. Merc closes show platinum at 458.00 and palladium at 104.70 per ounce. Spot nonferrous prices include aluminum at 0.31 per pound and copper at 1.3345, with lead 0.50-0.52, zinc 0.81-0.89, tin 3.7828, mercury 5260-3265 per 76 pound flask.
MENTIONED IN THIS ARTICLE
York
Disney
Alsan
Amoco
Goodyr
Wa Vale Wa
A Bertha
GSI
Oon Ra
Ana Kmart
Borden
Fon
Marriot SB
Niipsco
New York
Comex
Also Mentioned on This Page
New York Stock Exchange
Post
New York Post
Lou Colasuonno
the Post
Peter S. Kalikow
Elyria Council
By Denise Vntcavage
Ment Committee
Planning Commission
Garrett Murray
Marsho’s
Murray
LA Grand Jury
California
Anaibe
Ai Ain
Pierre R. Smith Co
PnilPet
Primca AD
Acme
Promum
Allied Corporation Pigit
Autel
Raythn
CPC Inter.lac
Serica
Saioma
Zea
First Bancorp Sfcpco
Iawa Ig
Ucara
Unisys
Tenne
Ye Sunrise Medical Unitels
Brecals
Taser Utilities
Upjohn
Fa Waist
Ab Hootworth
E Mid-Am Inc
Hewlett-Packard Co
ROYAL
Cleveland St
Lorain
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