Stocks near 1200 as market drifts after TI failure
The Dow edged down to 1,188.27 after touching 1,191.47 as traders cash in at round numbers. Texas Instruments reported a 74 percent first quarter drop, dragging technology stocks lower while Apple climbed on strong earnings.
MENTIONED IN THIS ARTICLE
New York
Texas Instruments
New York Stock Exchange
Alan Poole
Laidlaw Adams & Peck Inc
Hilda Zagorski
Prudential Bache Securities Inc
Prime Computer
Teledyne
Tandy Corp Reports Strong Third Quarter Earnings
Tandy Corp. reports third quarter ending March 31 1983 operat ing revenue up 25 percent to 589 860 thousand and net income up 27 percent to 57 385 thousand earnings per share 55 cents. Nine months revenue climbs 23 percent to 1 885 126 thousand with net income 204 061 thousand and per share 1 96. Company runs Radio Shack stores in Cedar Rapids and other locations.
MENTIONED IN THIS ARTICLE
Tandy Corp
Radio Shack Electronics
Cedar Rapids
Curtice Burns Reports 1982 Net Income Per Share Data
Curtice Burns, parent company of National Oats of Cedar Rapids, reports 1982 results with net income of 1 988 thousand dollars and 8 percent change, earnings per share 83 cents versus 77 cents prior year. March 31, 1983 filing deadline noted.
MENTIONED IN THIS ARTICLE
Curtice-Burns
National Oats of
Cedar Rapids
FMC Corp First Quarter 1983 Results Hover Near Expectations
FMC Corp reports first quarter results ending March 31 1983 with operating revenue of 870.2 million and 855.6 million and net income of 31.5 million versus 32.5 million prior year. Earnings per share stand at 96 cents. The company runs a cable crane and excavator plant in Cedar Rapids.
MENTIONED IN THIS ARTICLE
FMC
Cedar Rapids
Kidde Inc. posts growth with parent firms names listed
Kidde Inc. reports year end figures with LeFebvre and Nissen Universal of Cedar Rapids and the Ertl Co. of Dyersville identified as its subsidiary entities. Net income rises to 21,136 with per share data noted and 14 percent operating revenue change.
MENTIONED IN THIS ARTICLE
Kidde
LeFebvre and Nissen/Universal
Cedar Rapids
Ertl Co
Dyersville
Maytag Reports Record First Quarter Sales and Earnings
Maytag reveals record highs for both sales and earnings in the quarter ending March 31, 1983. President Daniel J Krumm credits rising demand, new cooking products, and the Jenn Air acquisition for the improvement.
MENTIONED IN THIS ARTICLE
Daniel J Krumm
Jenn- Air Coro
Energy hearing planned in Iowa's Second District
Rep. Tom Tauke and Rep. Billy Tauzin will chair a May 16 hearing in Cedar Rapids at Mount Mercy College to study how rising natural gas prices affect Iowa residents. Testimony will come from gas users, regulators, and pipeline reps. markup on related bills may begin May 17 or 18.
MENTIONED IN THIS ARTICLE
Tom Tauke
R-Dubuque
Cedar Rapids
Tauke
Tauzin
Iowa
Pact Reached On Perry Plant Could Keep Facility Open
Oscar Mayer and union officials reached a tentative agreement to potentially keep the Perry pork processing plant open pending details and worker approval. Negotiations continue on wage concessions and benefits, with no specifics released. The plant had been slated to close on October 21.
MENTIONED IN THIS ARTICLE
PERRY
Oscar Mayer
Omaha
Mayer
Jim Rehl
Madison, Wis
Durable goods rise 0.3 percent in March signaling modest recovery
U S factory orders for durable goods edged up 0.3 percent in March, led by defense capital and household goods gains. Shipments climbed 1.9 percent to 79.1 billion, with total March orders at 78.3 billion, as defense and nondefense sectors boosted the nascent rebound.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce
Malcolm Baldrige
Pepsi Pushes 50 Percent High Fructose Syrup Use in Bottled Drinks
Pepsico announced its bottlers may use up to 50 percent high fructose corn syrup in bottled and canned soft drinks including regular Pepsi Free. The move, to lower costs and boost marketing, follows Coca Cola increasing its own syrup usage earlier this year. Royal Crown Cola and Dr Pepper 7 Up have also authorized 50 percent usage. ADM Foods expects Cedar Rapids expansion to meet rising demand, with potential 750 million pounds of syrup and 25 million extra bushels of corn annually.
MENTIONED IN THIS ARTICLE
Bruce Fishwild
Gazette
Pepsico Inc
Pepsi
Cedar Rapids
Dennis Holloway
Pepsi-Cola Bottling Co
Holloway
Martin Andreas
ADM Foods
Decatur
Ill
Pepsico
ADM
Coca-Cola
Andreas
Coca- Cola
Royal Crown Cola
Senate Passes Withholding Bill Amid Tax Debate
The Senate approved a 91 to 5 compromise on withholding of 10 percent tax from interest and dividends. The measure, drawn by Republicans, leaves the policy on the books but bars use unless Congress acts again in 1987. House approval and Reagan’s stance remain uncertain.
MENTIONED IN THIS ARTICLE
Washington
Senate
Reagan
Congress
House
John C. Danforth
Missouri
Robert J. Dole
R-Kan
Bob Kasten
R-Wis
Jobless claims rise again as April begins
The Labor Department says first time unemployment claims climbed by 12 000 to 499 000 in the first week of April. Total unemployment including ongoing claims rose to 3 928 000 with 4 5 percent of the labor force on unemployment insurance. West Virginia led states at 9 2 percent.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
West Virginia
Alaska
Idaho
Pennsylvania
Oregon
Wisconsin
States
Puerto Rico
Virgin Islands
Also Mentioned on This Page
China
People’s Republic of China
Iowa Manufacturing Co
Yang Quan Bao
Zhou Qi Shan
Hong Shi Yan
Barry K. Wendt
Republic
Apple Computer
Chrysler
General Motors
American Motors
Ford
Continental
Insurance Company
Sundstrand
Standard & Poor
S&p
NYSE
Amex
American Stock Exchange
FMC Corp
Kidde Inc
C.R
Iowa Commerce Commission
National Association of Regulatory Utility Commissioners
Perry Plant
Durables
FTD
Flowershop & Greanhe
Center Pt. Rd
Newiist
Ellis Blvd
Rionsts Transworld Delivery Association
Fionsts Transworld Delivery Association
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