Japan soft on trade crisis warning despite US pressure
U S trade negotiators say Japan shows little urgency over a looming trade crisis, urging bold imports expansion and tariff reforms. Fukuda government answers with politeness and few promises while US officials warn of rising protectionism if no concrete plans by year end.
MENTIONED IN THIS ARTICLE
Tokyo
United States
Japan
U.S
Richard Rivers
Robert Strauss
Carter
Strauss
Fukuda
Magnin chain sold to Hillman Co for 33 million
San Francisco AP reports Joseph Magnin, a 43 store women’s specialty chain, is sold for 33 million to The Hillman Co, a private holding group led by the Hillman family of Pittsburgh. Edward Gorman will become Magnin CEO, and Hillman plans 28 million payment by December 3 and a 5 million note to Amfac.
MENTIONED IN THIS ARTICLE
San Francisco
Joseph Magnin
Pittsburgh
Henry L. Hillman
Hillman Co
Edward Gorman
Magnin
Gorman
J.C. Penny Co
New York
Hillman
Eastern Airlines trims 335 management posts
Eastern Airlines announces a lean restructuring reducing 335 management positions to save 8.7 million. Frank Burman says cuts reflect a dynamic business, with many staff moved to lower salaries. Three vice presidents resigned, leaving 37 VPs and 80 directors. about 33,000 employees overall.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Miami
Easter Airines
Frank Burman
Burman
Eastern
Jim Ashlock
Borman
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