Mortgage rates edge down while other notices emerge
Mortgage reports show fixed-rate loans at 10.34 percent in early March, down from 10.48 in February, with adjustable rates at 8.65 percent from 8.72. A separate survey places US 30-year fixed at 10.08 percent last Friday, up from 9.99 percent. Teleconnect Directory Co. wins Directory Publisher of the Year in Naples, Cedar Rapids directory named Best Citywide with top talking phone book honors. John Collins elected to ANADP board and named VP. Pennzoil pays $3 billion. Texaco payment event captured at Texas Commerce Bank in Houston with bank and Pennzoil staff present.
MENTIONED IN THIS ARTICLE
Federal Home Loan Bank Board
Federal Home Loan Mortgage Corp
United States
Teleconnect Lo
Lenar Rapids
Association of North American Directory Publishers
Naples
Fla
Cedar Rapids
Teleconnect Directory Co
John Collins
Texas Commerce Bank
Houston
Texaco
Pennzoil Co
Markman Morton
Linda Condit
Pennzoil Treasury
Margo Sommers
Dave Anderson
Pennzoil
Money supply rises in late March and wage talks advance
M1 gains to 768.3 billion and M2 to 2,979.5 billion while M3 climbs to 3,746.7 billion in the week ending March 28. The Teamsters and trucking industry revise a tentative contract to shift wage gains to pensions and fringe benefits, with proposed raises culminating in 1989 and 1990. Crude oil prices push above 17 per barrel as refined fuels rise modestly. Domestic car and light truck sales jump in late March with March quarter totals up from 1987. Import car sales also increase for March and the quarter.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Washington
Teamsters Union
Stock market extends rally with mixed fortunes across sectors
Shares climbed in an uneven session led by continued gains for smaller stocks while blue chips lagged. The Dow edged up to 2062.17 as trading volume eased. NYSE composite rose 0.52 to 150.28. Banks of Iowa jumped to 62, United Fire down to 25, and Quaker Oats plus Procter & Gamble moved modestly. Honda Motor hit 141, Matsushita at 223.34, and other Japanese issues rose. General Electric fell despite reporting first quarter earnings of 80 cents a share.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Quaker Oats
Procter & Gamble
U.S
Honda Motor
Matsushita Electrical
Hitacm
Song
UNC Resources
Oddysey Partners
UNC
Lucky Stores
General Electric
Norand expands OEM pact with Datacap Systems
Datacap Systems Inc of Mukilteo signed an original equipment manufacturer agreement to sell Norand radio frequency data collection devices for industrial computer systems. The move follows a prior week’s announcement with Datachecker Systems Inc and comes as Norand aims to enter new markets through alliances with system integrators. Norand is a Pioneer Hi-Bred International subsidiary based in Des Moines.
MENTIONED IN THIS ARTICLE
Data Capture Systems Corp
Mukilteo
Wash
Norand Corp
Cedar Rapids
Datacap
Norand
Datachecker Systems Inc
Industral
Pioneer Hi-Bred International
Des Moines
CMF and Z Rises in 1988 Advertising and PR Listings
CMF and Z climbs in the 1988 largest advertising and public relations firm rankings. The firm is the only Iowa based company in the top lists, rising to 87th in advertising and 34th in public relations from last year. CMF&Z notes gains reflect 1987 totals of $75.8 million in ad billings and $2.96 million in net fee income for PR.
MENTIONED IN THIS ARTICLE
Creswenl, Munsell, Ruiz & Zirbelanc O
Cedar Rapids
United States
Advertising Age Magazine
O'Dwyer
Cmf&z
Iown
New York City
Iowa Power Faces Appeal Over Rate Reduction Ruling
Iowa Power parent DES MUNED may appeal if the Iowa Utilities Board upholds a preliminary decision to cut rates. Executive J Paul Glahn estimated a stand would cost over 30 million dollars annually in reduced revenue from 243000 Iowa customers. The board previously found rates excessive and said the net effect would save ratepayers millions while a final written decision awaits.
MENTIONED IN THIS ARTICLE
Dennis Nagel
State Office of Consumer Advocate
Iowa
Iowa Power
Burger King and Amoco Open One Stop Fuel Station
In Denver a new 18 month venture combines fast food and gasoline in a single site. Amoco supplies four pump islands a security booth and a cashier while Burger King runs a rear lot restaurant with drive through and walkup window. Burger King customers may pay with Amoco credit cards.
MENTIONED IN THIS ARTICLE
Denver
Burger King Corp
Amoco Oil Co
Amoco
Burger King
Job ad trend higher down then up in The Gazette
The February Help-Wanted Index rose to 156 from 153, signaling hiring plans largely steady. In Cedar Rapids The Gazette saw fewer ads in February but sharp gains in January and March, with March up 26.9 percent from February and year over year gains.
MENTIONED IN THIS ARTICLE
C.R
Jess
Gazette
Conference Board
Business Research Group
Cedar Rapids
the Gazette
Also Mentioned on This Page
Teleconnect Award
Privey
West Texas
St. Paul
Minn
Associated Press and Gazette
Goldstein
Labor Department
Omaha
Cityline
New York
Alpha
Etal Mills
Loneer Hi-Bredth Electronics
Standard & Poor
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