Early vote shows strong support for GM pact
Early returns from a United Auto Workers vote on a national contract with General Motors indicate overwhelming approval. The pact guarantees income for laid off workers, includes a 3 percent raise in year one, lump sum payments in years two and three, and a two-for-one hires policy, with strong ratification from Local 276 in Arlington and other locals. Ford Canada also ratified a separate contract after a week-long strike, while UAW views the GM deal as a pattern for Ford and Chrysler agreements.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
General Motors Corp
Ford Motor Co
Chrysler Corp
Arlington, Texas
Bedford
Ind
Baltimore
Ford of Canada
Deficit Hits Record August High Amid Forecasts
The federal budget gap rose to 241.7 billion dollars in August, up 52.8 billion from a year earlier and surpassing the 1986 peak, though it could ease before September 30. Economists note the surge reflects ongoing fiscal strain and potential year-end adjustments. Meanwhile privately run savings and loans posted Q2 losses totaling 196 million dollars, an improvement from Q1 but worse than a year ago.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Department
Bruce Steinberg
Merrill Lynch
Office of Thrift Supervision
S&ls
United pilots urge support for employee buyout plan
The Air Line Pilots Association asks United Airlines pilots to back an employee ownership proposal via a letter writing campaign to UAL directors, signaling readiness to confront senior management up to a strike if the plan fails, though the union denies a strike threat.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines Pilots’ Union
UAL
Air Line Pilots Association
James Hanson
Rates Mixed on Short Term Treasuries in Monday Auction
The Treasury sold 9.2 billion in three month bills at 7.32 percent and 9.2 billion in six month bills at 7.33 percent. Three month rate marked its lowest since 7.23 percent on August 6, while six month rate rose to a high not seen since September 10. A separate Fed report showed one year Treasury bill yield at 7.77 percent, up from 7.75 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
Chrysler and Ford Issue Emissions Recalls Across Models
Chrysler recalls 106000 1987 cars and wagons with 2.5 liter engines to reduce carbon monoxide. Ford recalls about 102800 F series trucks 7.5 liter engines for a kinked fuel vapor hose risking hydrocarbon evaporatives. Inspections and repairs are free.
MENTIONED IN THIS ARTICLE
Chrysler
Ford
Detroit
Chrysler Corp
Ford Motor Co
Elyria approves Rt 57 rezoning for wholesale builders outlet
The Community Development Committee approved 3.04 acres on State Route 57 to change from general business to light industry for a 1500 square foot wholesale builders supply center. Neighbors raised concerns about truck traffic near a miniature golf course, but developers expect only one or two trucks daily. The measure advances to full council with a November 5 hearing planned.
MENTIONED IN THIS ARTICLE
Elyria — City
Richard Betor
Dale Krupla
Tanner
BP threatens suit to get Falls station plans OKd
BP America says it will sue if needed to gain approval for a gas station at Columbia and Bagley roads in Olmsted Falls. The firm argues the city code lacks specific design standards while the Architectural Review Board urges brick or colonial styling to fit the historic district. A tentative Oct. 24 hearing date was set with a council vote pending.
MENTIONED IN THIS ARTICLE
Okd
Olmsted
Anthony Coyne
Architec
BP America
Thomas Rathburn
Review Board
Joseph Damiano
Creston Auction Sells Thousands in Mixed Livestock Declared
Creston livestock sale lists 297 consignors selling 763 head with six goats, hay, straw, and firewood. Calves, sheep, hogs, and cattle priced, including cross-breds and Holsteins. calves at $60 tops, hogs 32.50 to 57.50, steers up to 80.75. Futures include Udult cattle and beef cows, with auctions slated for Oct 20 and Oct 26.
MENTIONED IN THIS ARTICLE
NEW York
NYSE
DowChm
AMR
Wink
Ae AO
duPonts
Bae
Va AbtLabs
Ahmans
Ekodak
Va Agach
Gannett
Amoco
Avon Avery
SkBost
We & Va
IBAA
Bordens
Sova
Britain
C&s
Va Chase
Marriot
CnsFrt
Greston
Creston
Tax break sought for Fla company in Lorain plan
The Federal Programs Committee recommended a 50 percent tax abatement for 1.8 million in inventory and equipment for E-Stat Powder Coatings Inc. The Florida firm plans a Lorain plant in the Industrial Park, expects to spend 250 000, hire 40 workers in three years, and may choose a location within 60 days amid customer pressure.
MENTIONED IN THIS ARTICLE
Lorain
Federal Programs Committee
E-Stat Powder Coatings Inc
Florida
Elyrian
E-Stat
Bradenton
Fla
Andy Majkut
Hiyria
Baumhart Road
Majkut
Markut
Also Mentioned on This Page
Local 276
David Perdue
U.S
United Pilots
Stewarts
Afi
Sylvania
Lvania
Tewart’s
Cleveland St
Elyria
Podays
VISA
Discover
Elyria Panel
Oks Rt
Betor
Larry Tanner
Lier
Linda Kramer
C-T
Tural Review Board
Lawrence Davis
BP Real Estate
Council
Tallmadge
Davis
Rose Rosal
Reebak
Pierre R_ Smith Co
ReyAatl
Erestkch
Rockwi
Reyid
Va Allied Corporation Saloma A
Sarak Sa
SchrPis
Centerior
Sehimb
SecPac
CPC Inter. Inc. SvMer
Wvaerson Srthin
Atte
First Bancorp
Smib
APH
Goodrich
SwBelt
Ws Ware
Ve Hills Dept. Ve Tandem
Texaco Tenaca
LCB Bancorp
TexUtif
Lene Bancorp
Nordson
Toyru
Ohio
Exison
Usx
P.nx. Corp
Wa Parker Hannifi
Unisys
Unitels
Sunrise Medical Wasts i
Texas Utilities
A Woolworth
Wendys
Mid-Am
Royal
Rev
Sis
Tiaus
Sigs
Elyria Mion
Lora
Creston Livestock
Lawrence Buddit
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