Word: moring
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Dates: during 1970-1979
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The Interior Department has required the companies to take costly environmental precautions in the area. Oilmen will mount their rigs on artificial islands built of gravel. Those located in water depths of more than 42 ft., the Government insists, must be left unused for two years, to see if they...
Last year the Aeroquip Corp., a subsidiary of Toledo-based Libbey-Owens-Ford, announced that it was closing its hydraulic hose plant in Youngstown, Ohio. The city was already strug- gling to absorb the layoffs of more than 4,000 steelworkers, and new job prospects in the area seemed slim...
Officers at Aeroquip were skeptical when the Youngstown employees presented their plan to buy the plant, but they agreed to sell if the buyers could pay the $2.5 million price. Frank Ciarniello, head of the United Rubber Workers local and a machine operator at the plant, and William Hawkins, then...
Aeroquip sold the plant because, of ficials said, it was too costly to run. By installing two new boilers, Broadwater trimmed utility bills 80%, to $200,000 annually. Other changes were more painful. The number of salaried employees was reduced to 16 from 50, and the top six managers took...
Guerlain spent more than $10 million to launch its first new perfume since 1975, and it will doubtless make a similar splash when it brings the pricey ($85 per oz.) fragrance to the U.S. next year. Nahema's debut was one of the biggest barrages in a war of...