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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 28, 1999

Page

11

Geon executive Clarence Nosal to retire after 32 years

Clarence J. Nosal vice president and general manager of resin and intermediates at The Geon Company Avon Lake will retire at year end after a 32 year career with Geon and BFGoodrich. He helped oversee vinyl chloride monomer and PVC suspension resin operations now part of OxyVinyls joint venture.

Cleveland Clarence J. Nosal Geon Company Avon Lake Geon Bfgoodrich Company Nosal Bfgoodrich OxyVinyls, LP Con Nasal Thomas A. Waltermite U.S. Naval Academy Annapolis Maryland U.S Naval Submarine Service Golden Gate University

Lockheed Martin restructures and redefines core units

Lockheed Martin will reorganize into four core businesses by year end, shedding eight units and severing rival sector competition. The move aims to streamline leadership, with James Fetig confirming the plan as the firm maintained 161,000 employees and 26 billion dollars in sales last year.

Baltimore Lockheed Martin Co Lockheed James Fetig

DaimlerChrysler workers ratify four year UAW contract

DaimlerChrysler employees approve a four year contract by 86 percent. The deal covers about 75,000 workers with 3 percent annual raises, cost of living adjustments, pension upgrades and a $1,350 signing bonus. It sets pattern for 300,000 other autoworkers in GM Ford and Delphi bargaining.

DaimlerChrysler Corp UAW General Motors Corp Stephen Yokich Jack Smyth Yokich Ford Motor Co DaimlerChrysler Ford General Motors Delph Automotive Systems Corp

Lockheed to sell divisions as part of streamline plan

Lockheed Martin plans to dispose of divisions with about 1.8 billion in annual sales and 9,000 employees to sharpen focus on customers. CEO Vance Coffman said staff reductions in Bethesda Maryland will exceed 100 as part of a broader strategic review to restore Wall Street credibility amid earlier earnings shortfalls and space unit problems. A new CFO, Robert Stevens, will oversee shared services with Philip Duke moving to a corporate role.

Washington Lockheed Martin Corp Lockheed Vance D. Coffman Bethesda Coffman Securities Ana Wall Street Philip Duke Duke Robert J. Stevens

Kellogg to sell Lenders Bagels unit to Aurora Foods

Kellogg Co. agrees to sell its Lender's Bagels division to Aurora Foods Inc. for 275 million in cash, a 41 percent reduction from the price Kellogg paid three years earlier. Aurora plans a marketing push and new products to revive lagging Lender's sales, with the deal closing in November.

Kellogg Co Aurora Foods Inc Log Cabin Duncan Hines Kellogg

EPA orders Elyria to secure quarry with warnings signs

The EPA has required Elyria to reinforce fencing at the West River Road quarry near Infirmary Road and add explicit warnings about drinking water, swimming, and fishing risks. The city must keep the site non residential and agrees to finance repairs estimated at about 15000 dollars. Council consideration is set for October 4.

Elyria U.S. Environmental Protection Agency Old Republic Steel Corp Terry Pete Shilling EPA West River Road Infirmary Road

Women Drive Push on Wage Hike and Bankruptcy Rules

Washington lawmakers wrestle with raising the minimum wage and tightening personal bankruptcy rules, spotlighting women as the major beneficiaries and stake­holders. First lady Hillary Rodham Clinton and low‑wage workers back a plan by Senator Ted Kennedy to lift pay from 5.15 to 6.15 dollars an hour by January 2001.

Washington House of Bisotencetaires Hillary Rodham Clinton Ted Kennedy Dmass

Bargain hunting lifts stocks after last week's slide

The Dow rose 24.06 to 10,303.39 and the S&P 500 gained 5.95 to 1,283.31 while the Nasdaq rose 21.34 to 2,761.75 as bargain hunting and a firmer dollar improved sentiment. Tech shares led gains with Intel and Sun up, IBM fell, and mining stocks supported the market amid hopes for steady rates.

New York Wall Street Standard & Poor Dow Bryan Piskorowski Prudential Securities Japan U.S Richard Cripps Legg Mason Baltimore Intel Sun Microsystems IBM Cripps Johnson & Johnson Procter & Gamble Ebay America Online JP Morgan

Also Mentioned on This Page

Lockheed Martin London Tokyo Indi Ted Evanoff Keight Ridder Newspapers Daimler- Chrysler Detroit Seth Glickenhaus Patrick Murphy Nght Lockheed Marin Corp New York Stock Exchange Lysts Titan Prudential Securities Inc Todd Ernst Los Angeles Times Aurora Battle Creek, Mich Brandon Wray the Chronicle-Telegram Republic Steel Garry Gibbs 3Rd Ward Ton Prise Chase Manhattan Hugh Johnson First Albany Corp Federal Reserve Johnson Fed Germany Britain France
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