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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 16, 1995
Page
6
Agriculture department projections warn U S corn supplies may hit 20 year lows next year and wheat stocks could be the smallest since 1973 74 with world supplies also dipping. Risks of inflation linked to weather shortened crops threaten meals from spaghetti to roast beef sandwiches.
U S District Judge Russell Holland questioned jurors who awarded 5.2 billion to Exxon Valdez victims about possible outside influence. The hearing cited the integrity of the judicial process and the high stakes, with jurors summoned in half hour intervals in closed proceedings.
Saturn owners led a 34 model satisfaction survey by J D Power and Associates with over 90 percent very satisfied with sale and delivery. European nameplates filled half the top 10 for the first time in nine years, while domestics held three spots and Japanese two. Infiniti ranked second with 150, Cadillac and Lexus tied for third at 149.
North Carolina and South Carolina officials, after a year of disputes over I-73, agreed to split the proposed highway into I-73 and I-74. The plan has the routes recommended to Congress for approval. I-73 would end in Conway, while I-74 would extend to Charleston, with I-73 originally from Detroit to Charleston.
Kmart's new chairman and CEO Floyd Hall will earn a guaranteed 2 million dollars in his first year plus stock valued at 7.38 million. The compensation was disclosed in an SEC filing. Hall, 56, was hired after a two month search to lead the troubled retailer following Joseph Antonini's resignation.
President Clinton and Japanese Premier Murayama faced off on the opening day of a seven nation summit as Clinton warned of record trade sanctions if Japan does not open its markets. Both leaders urged progress in Geneva talks while stressing cooperation on other issues amid broader IMF reform talks and global tensions.
Burlington Industries plans a four year seventy million expansion to its denim division starting September. About 375 new jobs will be created as the firm expands denim production for 60 plus styles. Mayo Knitting Mill and Esbeck Manufacturing market denim based socks and stationery from scrap denim.
Raleigh AP reports Leonhard Bernold, NC State civil engineering professor, tests a compact detector mounted on digging equipment that scans ground magnetic fields to map buried cables and pipelines. He seeks investors and a production contract to make the lifesaving tool standard for contractors and operators.
Bell South tests cable TV in Chamblee Georgia as deregulation approaches. Duke Power expands fiber optic lines in Greensboro for DukeNet to serve 1200 homes. Industry deregulation spurs new telecom services, with Cablevision in Greater Gaston eyeing phone ventures and others preparing for local service changes.
A Boeing 777 demonstration flight for Transportation Secretary Pena ended with the jetliner losing cabin pressure after clamps on an air conditioning unit came loose. The plane landed safely at Denver International Airport with no injuries.
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