Word: auto
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...union, District 65 of the United Auto Workers, has been seeking a 10.5 percent raise in pay and health benefits for its members on the Morningside Heights campus. The university has offered a 4.5 percent package...
...business, merchandising, has been in a slump. Sears' profits sagged 25% in the second quarter, and third- quarter earnings are likely to be down. Brennan is counting on a credit card that Sears launched last summer to help reverse that trend. Called Discover, the card enables holders to get auto loans, invest in savings instruments and, of course, to shop at Sears. Brennan expects to sign up at least 10 million subscribers. Retailing, meanwhile, still runs in his family. Watching Brennan's progress closely will be his brother Bernard, the president of Sears' rival, Montgomery Ward...
Afterward, while Raisa continued to give Paris a taste of her brand of Soviet chic (see box), Gorbachev made contact with France's working class. Accompanied by French Foreign Trade Minister Edith Cresson, he journeyed to a Parisian suburb for an hour-long tour of a highly roboticized Peugeot auto factory. The Soviet leader tried out the latest model sedan, then donned protective goggles to inspect the plant and chat with workers about wages and factory conditions. So determinedly upbeat was the visit that Soviet Ambassador to France Yuli Vorontsov jokingly told a Peugeot executive, "You're getting so much...
...good reasons of its own for wanting to ease the debt load. The potential for a massive default still hangs over the nation's banking system. In addition, the Third World's severe belt tightening has dried up a possible market for U.S.-manufactured goods. The United Auto Workers Union estimates that cutbacks by debtor nations cost 1.1 million U.S. jobs between...
...minutes after California's new automated fingerprint identification system received its first assignment, the crime-stopping computer scored a direct hit. It matched a smudged print lifted from an orange Toyota in Los Angeles to one taken from a 25-year-old drifter with a record of drug and auto-theft arrests. Two days later, Richard Ramirez was caught and charged with one of 15 murders attributed to the Night Stalker, the serial killer who had been terrorizing the city for the past seven months...