Market posts third straight advance as Navistar block leads gains
The market rose for the third session driven by hopes for lower rates and strong earnings. The Dow gained 15.68 to 1794.30 with Navistar’s record block driving volume to 184.76 million on the NYSE, while tobacco stocks like Philip Morris and R J Reynolds climbed. GM, Ford, and IBM helped alongside broad gains in the S&P indexes.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Navistar Internation
Wornilower
San Francisco
Philip Morris
R.J. Reynolds Industries
IRS extends tax help hours at Cedar Rapids office
The IRS Cedar Rapids office at 221 Fourth Ave SE will stay open longer April 14 and 15 from 8:30 to 11:30 am and 12:15 to 4:15 pm to aid filers while tax deadlines approach. Extended toll free help runs April 12 and 13 from 1 to 5 pm and 8 am to 6:30 pm April 14 and 15. Attach W-2 forms, sign returns, keep a copy, and check arithmetic.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Cedar Rapids
IRS
Iowa
Fourth Ave. SE
Oil futures rise as Libya strike talk boosts demand
Prices for May delivery West Texas Intermediate climbed to 13.58 a barrel on the New York Mercantile Exchange as U S demand for gasoline supports gains. Unleaded gasoline and heating oil also rose while analysts note a potential U S strike could cut Libyan output and tighten supply.
MENTIONED IN THIS ARTICLE
NEW York
U.S
Libya
New York Mercantile Exchange
West Texas
Money funds assets rise for sixth straight week
Assets of the nations 360 money market mutual funds jumped 4.83 billion in the latest week to 221.99 billion. General purpose funds led with 315.6 million, broker dealer funds up 1.54 billion, and institutional funds up 2.97 billion as rates fall and stock markets slip.
MENTIONED IN THIS ARTICLE
New York
Investment Company Institute
Mutual
Institute
Alfred Johnson
The
Johnson
Donoghue
Money Fund Report
Holliston
Mass
Bank Rate Monitor
North Palm Beach
Fla
Beckley Group lays off 61 additional workers
The Beckley Group of Fairfield says it laid off 61 more workers as part of a rapid downsizing begun earlier in 1985. About 190 employees were cut in March, bringing total job cuts to 248 while the firm faces an Iowa consumer protection probe over its seminars and products.
MENTIONED IN THIS ARTICLE
Fairfield
Beckley Group
Ed Beckley
Dawn Kincaid
Iowa
Iowa City businesswoman chosen for White House conference
Terri Boekhoff, owner of Quilts and Textile Arts in Miniature, Iowa City, is named to represent Iowa at the National White House Conference on Small Business. Gov. Branstad also designates Richard Den Herder of Logan as alternate. An Iowa meeting at the Des Moines Marriott today will forward issues to the national session in Washington August 17 to 21.
MENTIONED IN THIS ARTICLE
Gazette
Des Moines Bureau
Des Moines
Iowa City
Iowa
White House
Terri Boekhoff
Textile Arts
Washington, D.C
Boekhoff
Branstad
Consumers Confident Amid Economic Woes in March
The Conference Board reports the Consumer Confidence Index at 96.7 in March, down slightly from February but still high. Fabian Linden notes confidence has remained strong for nearly two decades, with 21 percent expecting business conditions to improve in six months.
MENTIONED IN THIS ARTICLE
New York
United States
Fabian Linden
Consumer Research Center For the Conference Board
National Family Opinion Inc
Toledo
Ohio
Linden
Navistar sets NYSE record with 48.8 million share block
Navistar International stock trade on the NYSE totaling 48,788,800 shares set a record for volume and value at $10 per share, valuing the block at $487.9 million. The offering, arranged by Salomon Brothers and Shearson Lehman on behalf of lenders, moves Navistar further from its former name International Harvester while lenders retain about 17.5 million shares. Navistar receives no proceeds from the sale.
MENTIONED IN THIS ARTICLE
International Harvester
NEW York
Navistar International Corp
New York Stock Exchange
United States
Exchange
Navistar
International Harvester Co
Superior Oil Co
Mobil Corp
Mobil
Superior
Shearson Lehman Brothers Inc
Victor Cohn
Salomon Brothers
Also Mentioned on This Page
Albert Wornflower
First Boston Corp
General Motors
Chrysler
J.P. Morgan
Standard & Poor
C.R
Central Intelligence Agency
International Energy Statistical Review
Money Funds
MONEY
K-mart
Tallahassee
Florida
K-mart Corp
Michigan Federal Savings and Loan Association
State Supreme Court
Kmart
Standard Federal of Michigan
Florida Department of Banking and Finance
U S West
Denver
Northwestern Bell Telephone Co
U S West Information Systems
Applied Communications Inc
Omaha
Neb
ACI
I.C. Businesswoman
Fuqua Industries
Snap‘c “Credit
Anamosa Kuhn
Belle Plaine Coffman Farm and Family Center
Dick's Tree Service
Midway Farmers Market
the Sled Shed
Decorah Edgewood
Elgin
Osgaard & Smith Sales & Service, Inc
Stone's Hardware & Pump Service
Sanders Farm Supply
Manchester
Marion
Millersburg
Monona
Norway
Palmer's Repair Service
Nature's Haven
Alan's
Schlein
Solon
Strawberry Point
Howard Meyer
Tipton
Horn Auto Service, Inc
Williamsburg
Coffman Farm and Family Center
Edler Implement Co., Inc
Dan's Small Engine Repair
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