Business
Kelsey-Hayes Corp., formerly known as Freuhauf, said today it will begin cutting its payroll next week by more than 15%, or 1,000 hourly and salaried jobs, as it undergoes a major corporate reorganization into four business units.
Dec. 7, 1989
Fruehauf Selling Units: A unit of Terex Corp., which has revived other financially troubled companies, will buy debt-ridden Fruehauf Corp.’
March 29, 1989
U.S. stocks made small gains Friday morning as banks and consumer products companies traded higher.
May 27, 2016
Sept. 16, 2014
Jacksonville Shipyards Inc. said it will close in January, idling up to 1,500 workers, unless a buyer is found within the next 60 days.
Nov. 15, 1989
Autos
Freuhauf Changes Name: Freuhauf Corp., based in Romulus, Mich., has changed its name to K-H Corp. as part of the automotive parts manufacturer’s sale of its truck trailer and maritime businesses to Terex Corp.
Aug. 7, 1989
Merger news from Sanofi, Bucyrus drives stocks up
Dec. 22, 2009
The SEC charged that Edwin Fishbaine, the publisher of an investment newsletter, took stocks and stock options from at least 10 companies to tout their securities.
March 17, 1988
Dow turns a triple-digit decline into gains despite weakness in construction spending and manufacturing.
July 2, 2003
A possible bid by Pan Am Corp. for the parent of Northwest Airlines was thrown into question Wednesday when it was learned that the wealthy Bass brothers of Ft.
May 11, 1989