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.
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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.
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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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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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.
MENTIONED IN THIS ARTICLE
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
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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