Oil prices break $18 barrier as markets rally
Oil prices rose for a second day with May WTI crude closing at 18.09 on the New York Mercantile Exchange. Heating oil and unleaded gasoline posted gains while seven year Treasury yields fell to 8.44 percent. AT&T chief James Olson temporarily steps down after surgery, Robert Allen assumes duties. Albert Casey named to lead First Republic Bank in Dallas, replacing Gerald Fronterhouse amid a regulator led recapitalization shakeup. C. G. Taylor, 89, designer of the Taylor Cub, dies in Houston after Parkinsons disease.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
West Texas
Treasury
James E. Olson
American Telephone & Telegraph Co
Robert E. Allen
At&t
First Republic Bank of
Dallas
Texas
American Airlines
Albert V. Casey
Gerald W. Fronterhouse
C.G. Taylor
Houston
Taylor
Stocking warning triggers recall alongside international finance moves
The Consumer Product Safety Commission urges removal of teddy bear and pearl ornaments from Le Roi stockings sold by Princeton Hosiery Mills due to choking hazards when detached. Hewlett-Packard seeks Tokyo Stock Exchange listing with Daiwa sponsorship. Canada to privatize 45 percent of Air Canada while retaining 55 percent. Allis-Chalmers to sell its air quality unit to Snyder General for 245 million dollars. Primerica completes sale of 81 percent of Musicland for about 330 million, noting two Cedar Rapids stores.
MENTIONED IN THIS ARTICLE
Consumer Product Safety Commission
le Roi
Princeton Hosiery Mills
Le-Roi
Mother Care
Hewlett-Packard Co
Tokyo Stock Exchange
Daiwa Securities Co. Ltd
TSE
Ministry of Finance
Hewlett-Packard
New York
Pacific Stock Exchanges
Allis-Chalmers Corp
Snyder General Corp
Allis-Chalmers
American Air Filter
Louisville
Primerica Corp
American Can Co
Musicland
Cedar Rapids
CNW Officials See No Hope for Labor Deal Before Strike
Chicago and North Western officials say they are no longer optimistic about averting a strike set for April 22 that could idle about 41,000 Chicago commuters and disrupt freight. The UTU rejected CNW concessions after mediation failed, leaving unilateral work rule changes possible after a 30 day cooling off.
MENTIONED IN THIS ARTICLE
Chicago
Chicago & North Western Transportation Co
Chicago & North Western Railroad
CNW
Omaha
Neb
J.A. Zito
United Transportation Union
Chicago Sun-Times
Don Markgraff
UTU
Sun-Times
Stock market climbs to post crash high on Tuesday
The Dow Jones rose 14.09 to 2110.08 as the week’s rally neared 130 points. NYSE volume was light at 140.4 million shares with 879 up, 621 down, 471 unchanged while S P indices gained and oil stocks led a broad advance amid OPEC supply actions.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Iowa
NYSE
Quaker Oats
Procter & Gamble
Banks
Honda Motor
Boeing
Federal Aviation Administration
Bondy on Money Bond funds have advantages over bonds
Bond funds offer liquidity simple pricing and easy monitoring versus individual tax exempt bonds. Diversification is accessible with small investments and fund pricing is daily. While single state tax exempt issues can be triple tax exempt, funds often yield less than select individuals but provide advantages that many investors value.
MENTIONED IN THIS ARTICLE
Fidelity Investors
California
Connecticut
Michigan
Minnesota
New Jersey
New York
Ohio
Pennsylvania
Ford chairman's 87 bonus tops 2.8 million
Ford Motor Co. Chairman Donald E. Petersen received 2.8 million in bonuses for 1987 plus a 929,934 salary. Vice Chairman Harold A. Poling had 2 million in bonuses and 808,697 in pay and benefits. The proxy statement shows 247.9 million in bonuses to 5,166 executives, averaging about 48,000 each, amid a 4.6 billion profit and 9.05 per share.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Donald E. Petersen
Harold A. Poling
Ford
United States
General Motors Corp
Chrysler Corp
Chrysler
United Nations Condemns Apartheid in 1961 General Assembly
On this date in 1961 the United Nations General Assembly voted to condemn apartheid, the South African policy of racial segregation, highlighting international opposition to racial discrimination and calls for social equality.
MENTIONED IN THIS ARTICLE
United Nations General Assembly
South Africa
Also Mentioned on This Page
Olson
Hewlett
Air Canada
Don Mazankowski
Crown Corporation
Associated Press and Gazette
Chevron
Mobil
Atlantic Richfield
OPEC
Standard & Poor
S&p
American Stock Exchange
Susan Bondy
North America
St. Luke’s
FDIC
FSLIC
SCI
Securities Corporation of Iowa
Second Avenue
Lowa City
SIPC
United Life Insurance Company of
Mt. Vernon
Center Pt. Rd
Second St
11Th St. Marion
Williams Blvd
Washington St
Iowa City
Davi Bosworth
U.S
IRA & Keogh
Dain Fon On
Incorporated
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!