Reported by Star-Bulletin staff & wire
Monday, February 17, 1997
Reported by Star-Bulletin staff & wire
Monday, February 17, 1997
HILO - The Puna District will be getting its first McDonald's restaurant and Food Pantry by the end of the year. Puna to get first
Food Pantry, McDonald'sThe two will anchor a $5 million shopping complex announced Saturday by W.H. Shipman Ltd. The shopping center also will include a gas station and 8,000 square feet of retail and commercial space.
Site work is expected to begin this month. The company said it will be both the developer and owner of the Keaau Corner Shopping Center at old Volcano Highway and Keaau-Pahoa Road.
DETROIT - The United Auto Workers reached a tentative agreement today with an axle manufacturer, averting a strike that could have disrupted production at two of the Big Three automakers. Strike averted at
axle supplier for GM, FordThe agreement came just 15 minutes before a 7 a.m. strike deadline by 7,200 workers at five American Axle plants in Detroit, Three Rivers, Mich., Buffalo, N.Y., and Tonawanda, N.Y.
Details of the agreement were withheld pending ratification at the supplier's plants this week.
American Axle & Manufacturing Inc. supplies rear- and four-wheel-drive axles for virtually every General Motors Corp. pickup and sport utility vehicle, and axle parts for a variety of Ford Motor Co.'s light trucks. A strike could have halted GM production in days.
The contract talks, which began in December, are the first since GM sold American Axle the plants in 1994. The UAW was said to be seeking a contract that matched wages and benefits in the new GM contract, while American Axle wanted cuts to make it competitive with other suppliers.
TOKYO - Tokyo stock prices edged higher today, gaining for the fifth consecutive session, while the dollar declined against the Japanese yen. Tokyo stocks up again
but momentum slowsThe Nikkei Stock Average gained 28.65 points, or 0.15 percent, closing at 18,750.65. It now has gained 882.61 points over the last five sessions.
Late profit-taking brought share prices down from the day's highs, traders said.
"The market's a bit fatigued after successive days of buying," said Yasuo Ueki of Nikko Securities. "It's bound to face some profit-taking after big gains."
