The Fan-a-Tron Corporation of Oakdale, makers of thermostat-controlled electronic fans, has laid off 64% of its work force, cutting costs by an estimated $23.8 million in the wake of a disappointing first-quarter report that sent the stock price plummeting by more than 4%. Executives were awarded bonuses totaling $23.8 million for responding to the fiscal crisis in a timely manner.
Continental Kettle, Inc., is suing the Pittsburgh Pot Company of Oakland for libel, claiming that the latter’s advertising misrepresented Continental’s products as “black” when they are in fact Antique Charcoal.
The Aquila Bros. Malt Beverage Company of Oakmont has canceled its line of Aquila brand non-alcoholic malt beverages aimed at the Arab market. According to a marketing spokesman, the line never caught on in the Arab world, in spite of an aggressive TV advertising campaign featuring the slogan “Have an Aquila” set to a catchy folk tune.
Reliable Airport Limousine Service has merged with A-1 Airport Transit, Inc, according to reliable sources. No injuries were reported, but two lanes of the Parkway West were closed for more than three hours while wreckage was cleared.