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The Pantagraph from Bloomington, Illinois • Page 30

Publication:
The Pantagraphi
Location:
Bloomington, Illinois
Issue Date:
Page:
30
Extracted Article Text (OCR)

o) Agriculture Stocks Commodities Local business Personal finance Consumer information Thursday, Oct. 15, 1987 Th Pantagraph House OKs work hazard notices by their workers and former workers. The substitute measure offered by Reps. James Jeffords, and Paul Henry, was defeated 234-191, with Democrats voting 217-33 against and Republicans voting 158-17 in favor of it. Having lost the key test vote, Republicans began offering amendments in an effort to weaken some of the provisions of the bill by Democratic Rep.

Joseph Gaydos of Pennsylvania, chairman of the House Education and Labor Committee's health and safety subcommittee. Gaydos' bill would create a new board in the Department of Health and Human Services to determine what workers are most at risk. Once identified, the National Institute of Occupational Safety and Health would then be required to notify them of the risks. Employers would then be required to provide periodic medical examinations of the workers, paying the costs for those currently on their payrolls but free to pass them along to former employees. NIOSH officials estimate nearly one-fourth of Americans have been exposed to carcinogens and other hazardous substances on the job, and that most of them are unaware of it.

Opponents of the measure argued yesterday that the new $25 million annual program is not needed in the wake of new OSHA regulations requiring employers tq inform and train workers about hazardous substances on Job sites. "Prospective notification under the OSHA standards is overwhelmingly superior to this bill," said Henryi "This bill just exasperates the catastrophic problem of tort and liability costs that have risen 80 percent in the past five years." Supporters of the legislation, however, said the new court-ordered OSHA regulations do not address the millions of workers who have been exposed in the past and are not aware of it. They also cited OSHA's reluctance for nearly a decade to require employers to list the hazardous substances in their workplaces. "OSHA isn't doing the job today," Gaydos said, and 400,000 workers continue to be disabled every year by occupational illnesses." Similar legislation by Sen. Howard Metzenbaum, D-Ohio, was approved by the Senate Labor and Human Resources Committee in July and is expected to reach the Senate floor before Christmas.

WASHINGTON, D.C. (AP) The House yesterday moved toward setting up a new program requiring the government to individually notify between 100,000 and 300,000 workers annually that they face a high risk of cancer and other diseases from job exposure to hazardous substances. Final action on the bill was postponed until today after Democrats beat back an effort by Republicans to replace it with a weaker substitute. The substitute bill would have required a two-year study first while giving the Occupational Safety and Health Administration more money to enforce new hazard-labeling requirements placed on employers in the past 15 months. Despite the threat of a presidential veto, labor unions and health groups said legislation is necessary to address the nearly 100,000 deaths and some 350,000 disabling illnesses blamed on occupational hazards each year.

While the notices themselves cannot be used as evidence in civil suits, opponents led by the U.S. Chamber of Commerce and the National Association of Manufacturers claim the process will trigger billions of dollars in liability suits against employers n'" Brock to announce plans to quit Cabinet, head Dole campaign WASHINGTON, D.C. (AP) Labor Secretary William E. Brock will announce today he is resigning from President Reagan's Cabinet to head Sen. Robert Dole's Republican presidential campaign, Dole's campaign staff said yesterday.

"We do not know the effective date," Tim Archer, a spokesman for Dole's campaign. "But we are looking forward to have him start in time for the senator's announcement on Nov. 9." turn Brock Cabinet member to resign and work on behalf of Dole. Former Transportation Secretary Elizabeth Dole, the senator's wife, recently quit to devote full time to his campaign. Brock, a former congressman and senator from Tennessee, was chairman of the Republican National Committee in 1977-81.

He would bring a reputation as an organizer to Dole's campaign. The senator has been running behind Vice President George Bush in most polls thus far. Dole, Bush and Rep. Jack Kemp, approached Brock in recent weeks about working for them, according to close associates of Brock. Officials in Dole's campaign said Robert Ellsworth, a longtime friend of Dole who has been running the campaign, would remain as a senior adviser.

A Labor Department source said Brock's resignation will not be effective immediately. "I don't think he's going to be here too terribly long, though," the source said, speaking on the condition of anonymity. "It will probably be a couple of weeks." Speculation on a successor to Brock at the Labor Department centered on four names: Constance Horner, director of the Office of Personnel Management. Deputy Labor Secretary Dennis Whitfield, a longtime aide to Brock going back to his days as Republican national chairman. Business HIGHLIGHTS Price-fixing charges filed The Justice Department yesterday announced the filing of criminal price-fixing charges against three large soft drink bottling companies in Maryland and Georgia and four of their former top executives.

It said two of the firms and one of the individuals agreed to plead guilty to the charges in a deal that calls for the payment of $2.4 million in fines and their cooperation in the government's continuing probe of the soft drink industry. Department officials said the defendants were charged with violating the antitrust laws by engaging in several separate conspiracies to fix soft drink prices in Maryland, Virginia, Washington, D.C., and Georgia over a period of years. The firms, which have annual sales of more than $400 million a year, were identified as Allegheny Bottling Co. of Timonium, Mid-Atlantic Coca-Cola Bottling and NEG Holding Co. Cranston passes on chairmanship Sen.

Donald Riegle of Michigan could be in line to succeed William Proxmire as head of the Senate Banking Committee, after a senate aide said that a more senior senator would not seek to chair the powerful panel. Sen. Alan Cranston is the next senior Democrat on the committee. But an aide to the California senator said Cranston had decided he would rather run for re-election as assistant majority leader. Proxmire, a Wisconsin Democrat, said in August he would not run for re-election in 1988.

Allegis completes Hilton sale Allegis Corp. has completed the $1.07 billion sale of Hilton International Co. to Ladbroke Group PLC of Great Britain, both companies announced yesterday. Terms of the sale, announced previously, call for Ladbroke Group to manage the Westin Hotel in Toronto. Chicago-based Allegis is the parent of Westin Hotels Resorts, United Airlines and The Hertz Corp.

Ladbroke Group is a public company incorporated in the United Kingdom. Chrysler considers new plant Chrysler Corp. is considering building a new stamping plant for its St. Louis minivan assembly operations, the trade journal Metalworking News reported in this week's edition. The journal said the stamping plant would cost between $100 million and $150 million, and would ease the burden on Chrysler's stamping plants in Warren and Sterling Heights, and in Twinsburg, Ohio.

Chrysler also acquired three American Motors Corp. stamping plants when it bought the beleaguered automaker in August, but they serve existing assembly plants and the Milwaukee stamping plant will be closed in 1988, said Chrysler spokesman Doug Nicoll. Nicoll said he had little information on the proposed St. Louis stamping plant. Colgate announces restructuring Colgate-Palmolive which has been paring its businesses to concentrate on consumer and healthcare products and specialty marketing, announced further restructuring yesterday that will cause a third-quarter pretax charge of $211 million and the elimination of 600 jobs.

Colgate, one of the nation's largest manufacturers of soap and health-care products, said it would sell two units of its Kendall health-care businesses, realign its corporate organization and close six factories as part of the restructuring. Cable company to buy rival American Cablesystems stock soared more than $16 a share yesterday after the company announced it would be acquired and taken private by its Boston-based competitor, Continental Cablevision for $481.7 million. Under terms of the agreement, American stockholders would receive $46.50 for each share of class A and class common stock they hold, the companies said in a statement. American Cablesystems, through its subsidiaries and limited partnership affiliates, operates cable television systems in California, Florida, Illinois, Massachusetts and New York. American and its affilates serve 505,000 subscribers, the statement said.

Continental, the third-largest company in the fragmented cable industry, serves about 1.5 million subscribers in 13 states. Anti-takeover law suit filed Shareholders of Dayton Hudson have filed a class action against the giant retailer and its board that challenges the constitutionality of Minnesota's anti-takeover law, their attorneys said yesterday. The suit also alleges the Minnesota law violates federal securities laws and that Dayton Hudson and its directors "have not fulfilled their obligations to fully and fairly consider acquisition proposals, including the pending Dart acquisition bid," the shareholders said in a statement through two of their attorneys, Marshall Patner and Geoffrey Miller. The suit seeks a preliminary injunction against application of the state law, which was amended last June in a special legislative session at the urging of Dayton Hudson. The company also owns Target department stores.

A hearing on the request is set for Oct. 30. 1 million cellular phones Cellular telephone subscribership reached 1 million this week, the Cellular Telecommunications Industry Association said yesterday. Four years after the industry was born, cellular service is available in 159 cities, where 255 cellular systems are operating, the association said. About half of the systems that have been licensed have not been built yet.

From Pantagraph wlr service Archer said Brock would specify the timetable at news conferences at the Labor Department at 10:30 a.m. and in Dole's office in the Capitol at noon formally announcing his resignation and his appointment to chair Dole's campaign. At the Labor Department, spokeswoman Chriss Winston would say oniy "there will be a major announcement" by Brock this morning. But officials in Dole's campaign and close associates of Brock had confirmed earlier that he was leaving the Cabinet to join the campaign. Dole, of Kansas, the Senate minority leader, has been actively campaign for the presidency and is expected to formally declare his candidacy Nov.

9. Brock would be the second Reagan Wiwpiss urn t.m mmmm 1 amBJ I Lw i a mmtmmmmmmmmmmmmmmmJmmf fcir I mtm Jt4 fix i i wA-vil fi fell Auto sales drop 39; buyer incentives no help going to stay away from showrooms," said Michael Luckey, industry analyst with Shearson Lehman Brothers in. New York. "The selling rate's not going to stay" (that low) very long. Inventories are piling up very quickly at Chrysler and GM.

You'll see incentives out there pretty soon maybe in a couple of weeks," Luckey predicted. Luckey also said sales were higher than expected at the end of September which may have eaten into early Octo- ber sales. He noted that buyers might be rebelling against a pricing system! that makes options standard whileC sharply increasing the base sticker price. Industry-leader General Motors domestic car sales dropped 43.8 percent; Ford Motor were off 36! percent and Chrysler were down 41.2 percent against the year-ago mark Chrysler suffered the smallest comparison drop in light truck Chrysler's sales, which include the former American Motors Corp. Jeep' sales, fell 1.4 percent from a year ago.

GM's truck sales were off 25.5 percent and Ford's sales were off 28.1 percent against last year's high-water mark. DETROIT (AP) Early October domestic car sales fell 39 percent compared with the same period a year ago, the nation's automakers reported yesterday. Light truck sales also declined, off 21.6 percent from Oct. 1-10 a year ago. Together, domestic car and truck sales fell 33.6 percent against a year ago 238,707 domestic cars and trucks this year versus 359,425 sold a year ago.

Domestic car sales, which moved at a low 4.8 million seasonally adjusted annual rate, totaled 151,043 in the nine selling days in the current period, compared with 247,623 a year ago. The problem automakers face this year is their success last year in luring buyers with unprecedented incentives including loan rates as low as 2.9 percent. This year, even with loan rates as low as 1.9 percent on two-year loans, automakers haven't enjoyed the same response to their incentive campaigns. In addition, most programs this year ended Sept. 30, while last year's major campaigns ran through Oct.

8. "We were expecting low sales for the month of October. It clearly points out that the consumer needs incentives to get them out there, or people are just Th PantagraphMAUREEN O'CONNOR Taking shape Jumer's Chateau restauranthotelconference center complex is beginning to show signs of its final appearance. Pictured above is the east side of the five-story hotel and restaurant at 1601 Jumer Drive, across from College Hills Mall. The project is expected to be completed by September.

Other educators laud Columbia voiding $100,000 offer "I offered it because I think it's ex: tremely important for these kids to learn entrepreneurship and think of themselves as owners of companies, and this was a step, almost a shocking step, toward bringing them into the real business world, as opposed to strictly the academic side of the business world," Edelman said. "I think Edelman made a category mistake. He was introducing into the academic setting a commercial transaction," said Lawrence G. Lavengood, professor of policy and environment at Northwestern University's Kellogg School of Management. "In reality he was asking those people to go to work for him, which is a separate NEW YORK (AP) Business school officials nationwide praised Columbia University yesterday for voiding a $100,000 student prize offered by corporate takeover strategist and part-time teacher, Asher B.

Edelman. The decision made Tuesday by Columbia Business School Dean John C. Burton to scrap the prize, offered to anyone in Edelman's class who could find him a good company to buy, was sharply disputed by Edelman and some members of the class, titled "Corporate Raiding: The Art of War." The conflict raised questions about what subjects should be taught in U.S. business schools and whether students who enter the highly competitive institutions have become infatuated with be that some students in our schools may want to sell their souls to the devil. But we should not have the devil standing at the front of the classroom." Many business schools, including Columbia and NYU, offer students competitive grants of up to $5,000 for devising business startup plans that become successful.

It is usually understood, however, the winners will repay the money into a school fund that can be used to award others. Edelman was not in his office Wednesday to answer questions about the Columbia class. But in an interview with Cable News Network, Edelman said the prize would ensure a student was compensated if he used one of their ideas. greed at the expense of other values. "Bravo for Dean Burton, that's all I can say," said Richard R.

West, dean of New York University's graduate business school. "That offer violates all of the normal canons of the academy. It's simply inconsistent with all the things that academics should hold sacred about the classroom." West also said he was appalled at what he called the apparent inability of Edelman and some of the students to understand why the $100,000 prize was improper. He and other deans said they wouldn't have allowed it either. "It's crucial that schools do their best to teach students not to think about just making money," West said.

"It may INDEX Satellite firm to open D2 Farm Bureau ready for debate D2.

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