AT&T Wins Four Seats on NCR Board in Stockholder Meetings
NCR Corp said AT&T won four seats on the NCR board at its March 28 stockholders meetings. AT&T fell short of replacing the entire 12-member board in its takeover bid, receiving 75 percent of votes cast on four directors up for re election, including Chairman Charles E Exley Jr and President Gil Williamson.
MENTIONED IN THIS ARTICLE
At&t
NCR
NCR Corp
American Telephone & Telegraph Co
Mark Feighery
Feighery
Charles E. Exley Jr
Gil Williamson
T-bill Rates Slip to Multi-Year Lows as Auctions Conclude
Short term Treasury bills posted record low discount yields in Monday’s auctions with three month bills at 5.57 percent and six month bills at 5.67 percent. The rates mark the lowest since late 1987 and 1987 respectively, while a separate Fed report shows one year bill yields at 6.22 percent. Midwest Cruises files for bankruptcy in Cedar Rapids. US West Direct to recycle Cedar Rapids directories, inviting public participation at Hy-Vee bins through May 8.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Midwest Cruises
Edgewood Rd
U.S
Cedar Rapids
James
Rita Plank
US West Direct
IBP workers may get 2nd union bid
The UFCW may attempt a second organizing drive at IBP's Columbus Junction park plant after workers again rejected Teamsters Local 238 in Cedar Rapids. About 1,000 of 1,300 workers voted, with nearly 2 to 1 against the Teamsters. A new election cannot occur for a year under NLRB rules.
MENTIONED IN THIS ARTICLE
IBP
Dale Kueter
Davenport
Columbus Junction Park
Teamsters Local 238
Cedar Rapids
Pat O'Neill
United Food and Commercial Workers Union
Columbus Junction
Teamsters
O'Neill
UFCW
Parsons Technology to add 70 Iowa jobs to curb brain drain
Parsons Technology plans 70 new positions in 1991 spurred by its 1990 tax preparation software. About 40 are technical and managerial roles with mid five figure salaries. The Cedar Rapids firm also hires Texans, Minnesotans, and Illinois residents returning home, while expanding to a new Hawkeye building in Iowa with weekly product releases through 1991.
MENTIONED IN THIS ARTICLE
George C. Ford Gazette
Cedar Rapids
Parsons Technology
Bob Parsons
Parsons
Indiana
Chicago
Minnesota
Bob
Martha Parsons
Hiawatha
Topsy-turvy session lifts stocks on earnings and Fed view
The Dow rose 12.38 to 2933.17 as the market swung after the Fed signaled no rate easing amid strong earnings. IBM slid after a quarterly loss while Apple dropped 9 percent on miss, with tech shares leading declines and Chase Manhattan advancing on solid first quarter results.
MENTIONED IN THIS ARTICLE
Federal Reserve
Iowa
Raytheon
Heartland Express
United Fire
Apple Computer Inc
Apple
Ronald Daine
Smith Barney
Harris Upham & Co
Davie
Alan Ackerman
Rich & Co
Fed
Paine Webber Group
Primerica
Chase Manhattan Corp
Chase’s
Chevron
General Electric
Chrysler
Standard & Poor
S&p
Ramada Inn City Center Comes Back in Cedar Rapids
After a 10 year absence Ramada Inn returns to Cedar Rapids replacing Days Inn at 4747 First Ave SE with a 161 room property. HMD of Boston owns and manages the hotel with renovations planned through next fall and employment expected to rise from 50 to about 75 as Ramada signs go up April 29 and the change takes effect May 1.
MENTIONED IN THIS ARTICLE
Ramada Inn
Cedar Rapids
Days Inn
Tuscany Grill & Lounge to reopen and add breakfast dinner
The Tuscany Grill and Lounge will reopen for lunch this week and expand to serve breakfast and dinner. A new computer system will link the motel with Ramada’s nationwide reservations on May 1, and events booked at Days Inn City Center will be upgraded at no extra charge. Covington-Daughtery said renovations followed HMD of Boston’s purchase in 1990 with the name change approved in mid March amid Cedar Rapids Ramada Inn’s absence since 1981 due to the former International Hawaiian Inn sale.
MENTIONED IN THIS ARTICLE
Ramada
Covington-Daugherty
Days Inn City Center
Covington-Daughtery
HMD
Boston
Cedar Rapids
International Hawaiian Inn
Sixth Street
Correction on Bank Chart Misnaming Citizens State Bank
The Gazette corrects a Money section chart error labeling Citizens State Bank of Monticello as Citizens Savings Bank. The 1990 performance statistics listed were accurate and unchanged.
MENTIONED IN THIS ARTICLE
Citizens State Bank of
Also Mentioned on This Page
US West
Tribune Media & All Uants
National Labor Relations Board
George C. Ford
Ramada Inn City Center
Inns, Hotels, Suites and Resorts
Tuscany Grill & Lounge
Linda Payne and
Therese Rowell
Millhiser
Millhiser Smith Agency
Oakland Rd
Blunt Ellis & Loewi
MoneyGuard
2Nd St. SE
Lee Perkinson
First Penn-Pacific Lit Insurance Company
Oakbrook Terrace
Acola
Bost Company
Slenny Gear i Aut Enahanes
HONDA
Yamaha
16Th Ave. S.W
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