Word: laughlins
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...walkout drags on. Government economists estimate that the loss to the gross national product is running at $1 billion a week, and that it will double if the stoppage continues through the fourth quarter. Largely because of the strike, steel production is down 11% from last year. Jones & Laughlin has cut its work force by 4,000 (out of 41,000), and other steel manufacturers have ordered layoffs. Last week, Wheeling-Pittsburgh Steel Corp., citing a "lagging economy and disruptive conditions," ordered a 10% pay cut for 2,000 management personnel...
Catch Up Is Not Enough. Steelworkers used to set the pace for labor. Says Morris Burmmit, a union local president at the Jones & Laughlin mill in Aliquippa, Pa.: "Now we don't want just to catch up. We want to set the pace again." The average steelworker earns $4.19 an hour in base pay, or $170.53 weekly. If he earned that year round, as few do, his annual earnings would be $8,860-or $739 less than the auto worker's average income. The auto workers are now in the fourth week of their own strike...
Best for Brain. Dr. John Laughlin of Manhattan's Sloan-Kettering Institute reports nitrogen 13 and oxygen 15 highly effective in studying lung diseases. An entirely artificial element, technetium 99, produced by nuclear bombardment of molybdenum in a reactor, is rated by most medical centers as the best for detecting tumors of the brain. Both the gases and technetium have the advantage of short half-lives-that is, they lose half of their radioactivity in hours, or at most a few days. Thus, their radiation is so short-lived that it will not harm the patient exposed...
...Squeeze Worsens. Jim Ling, to be sure, has been gambling on vast success−or flamboyant failure−ever since 1946, when he began building a tiny electrical-contracting business into a huge conglomerate. He took his greatest risk in 1968 with the purchase of Jones & Laughlin Steel Corp., the sixth largest steel producer in the U.S. Using borrowed money, he paid too much for the company. He bought control for $85 a share, and since then J & L stock has plummeted to $12.75. There was little that Ling could do to stop the slide. A federal antitrust suit barred...
...Ling was forced to sell off National Car Rental, Staco, Inc., Wilson Sporting Goods, Allied Radio and Whitehall Electronics, as well as most of the conglomerate's holdings in Computer Technology and some of its stock in Braniff Airways. Last week the cash squeeze got worse when Jones & Laughlin directors voted to omit the quarterly dividend−cutting off $4.2 million in income that LTV could have applied to its debts...