Telecom USA Buys Fremont Directory Rights
Telecom USA Publishing Co. has purchased the Fremont Nebraska area telephone directory from Frontier Directory and Publishing Co. of Nebraska. The Fremont directory serves 112000 people across 39 cities in a six county region. No new staffers are planned. Met-Coil Systems Corp. reports a $3.8 million third quarter loss due to a $4.7 million patent settlement charge. Revenues rose to $12 million, up 4 percent from a year ago. For the first nine months of fiscal 1992, Met Coil shows a net loss of $3.5 million on $36.4 million in revenues, down 3 percent. Chairman Ray Blakeman says domestic sales improved but international sales stayed flat. expected to post a loss for fiscal 1992.
MENTIONED IN THIS ARTICLE
Telecom*usa Publishing Co
Fremont, Neb
Frontier Directory and Publishing Co
Nebraska
Fremont Directory
Met-Coil Systems Corp
Cedar Rapids
Construction Technology Inc
New York
Met-Coil
Met Coil
Ray Blakeman
Insurers Sued Over Met-Coil Policies in Patent Case
A $10 million lawsuit filed in Iowa District Court targets six liability carriers that sold policies to Met-Coil between 1981 and 1988. Met-Coil and Lockformer demand indemnification for defense costs tied to a patent infringement suit by Construction Technology Inc. and related out-of-court damages. HON Industries reports higher first quarter sales and earnings but warns against reading a market rebound for U.S. office furniture.
MENTIONED IN THIS ARTICLE
Met-Coil Systems Corp
Cedar Rapids
Lockformer Co
Lisle, Ill
Met-Coil
Iowa District Court
Columbia Casualty Co
Hartford Accident and Indemnity Co
Integrity Insurance Co
International Insurance Co
Pacific Employers Insurance Co
Pacific Insurance Co
Met Coll
Lockformer
Construction Technology Inc. of
New York
CTI
HON Industries
Muscatine
HON
U.S
California firm eyed Oskaloosa relocation of 60 jobs
Iowa state board approved a $150,000 forgivable loan for Panel Components Corp of Santa Rosa to relocate to a 34,000 square foot facility in Iowa with $10 per hour wages. The package totals $2.8 million to entice the company, part of six projects authorizing $487,600 and 199 jobs at $2,206 per job.
MENTIONED IN THIS ARTICLE
Iowa Newspaper Association
DES Moines
Oskaloosa
California
State Economic Development Board
Panel Components Corp
Iowa
Santa Rosa
Calif
Michael Miller
Department of Economic Development
Bureau of Business Finance
Caterpillar recalls all UAW workers in Peoria strike end
Caterpillar recalls all 12 600 UAW members who defied a strike ultimatum and will not trim ranks by 15 percent. The firm instead will cut through attrition and early retirement offers while seeking to rebuild relations with the union and resume contract talks.
MENTIONED IN THIS ARTICLE
Peoria, Ill
Caterpillar Inc
United Auto Workers Union
Caterpillar
UAW
O'Connor
Trade deficit narrows to 9 year low in February
The Commerce Department reports February’s trade deficit at 3.38 billion dollars, a 43.1 percent drop from January and the best showing in nine years. Exports hit a record high while imports declined for the second straight month, aided by aircraft and parts sales along with gains in farm products autos and computers. Labor claims fell to 415000 in early April, signaling possible labor market strengthening. Official optimism comes with caveats about overseas growth limiting export gains in 1992.
MENTIONED IN THIS ARTICLE
Washington
America
Commerce Department
U.S
Labor Department
Bush
Barbara Hackman Franklin
Marilyn Schaja
Donaldson, Lufkin & Jenrette
How to regain flight with your banker
A business consultant advises owners on transparent communication with lenders during tough times. The guidance emphasizes frequent financial statements, a clear manager’s report, and open disclosure of bad news. It suggests involving equity partners if needed and sending questions to THE COMPANY DOCTOR at The Cedar Rapids Gazette. Scott Clark of Marion is noted.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Third Ave
Iowa
Scott Clark
Marion
Late blue chip rally pushes Dow to new record close
A late rally in blue chip stocks drove the Dow Jones to a new all time high of 3366.50, up 12.74, with weekly gains of 111.13 points. Volume rose to 232.84 million as investors weighed earnings, jobless claims, and February trade deficit amid caution on further volatility.
MENTIONED IN THIS ARTICLE
Dow
Associated Press and Gazette
Also Mentioned on This Page
Caterpillar Group
Jerry Flaherty
Jim O'Connor
Sume
Lynn Martin
Aaron
HTC Group Syndicate
New York Stock Exchange
United Technologies
W.R. Grace
Boatmen
United Fire
Alfred Goldman
A.G. Edwards & Sons Inc
St. Louis
Lotto
the Gazettes
3Rd Ave
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