Bell System sells millions of phones from leases across U.S.
Associated Press and Gazette staff reports show Bell System firms sold nearly 5 million leased telephones nationwide, about 3.8 percent of an estimated 130 million leased units. In Cedar Rapids the rate is 1.5 percent among 90,000 accounts, with roughly 35 percent of customers owning or planning to buy. AT&T notes broad state approvals for equipment sales, a $12 million information push, and plans to offer 1A Key multi-line systems for sale in late 1984 as part of deregulation shifts and the Bell breakup context.
MENTIONED IN THIS ARTICLE
Bell System
Cedar Rapids
Nancy Garrett
Northwestern Bell
Iowa City
Anamosa
Monticello
Mt. Vernon
Cog
Garrett
American Telephone & Telegraph Co
At&t
Federal Communications Commission
Ohio
Oklahoma
Idaho
Bell
FCC
American Bell Inc
Justice Department
Bell Companies
Wall Street
The
Treasury
Metz
American Express
Beneficial
Iowa Commerce Commission rejects gas rate agreement
The Iowa Commerce Commission rejected a rate increase plan for Peoples Natural Gas Division, cutting the requested rise to 1.7 million dollars and maintaining a 14.5 percent stockholder profit. The panel raised concerns over no income guidelines for insulation loan cost coverage and potential cross-subsidization among 104,000 customers across Cornelia Bluffs, Dubuque, Fort Dodge, Spencer and Newton. The case moves to formal hearings.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa Commerce Commission
Peoples Natural Gas Division
Consumer Advocate
Paul Franzenburg
Conn
Corneilh Bluffs
Dubuque
Fort Dodge
Spencer and
Newton
July car sales rise 38 percent amid expectations of slowdown
Domestic new car sales in late July rose 38.3 percent to the best daily rate in four years as quotas and incentives shift. Imports climbed 12.2 percent with foreign autos capturing 27.1 percent of the month’s market. analysts foresee a softer pace in August due to slimmer dealer inventories and less aggressive promotions.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Harvey Heinbach
Merrill Lynch
Pierce Fenner & Smith Inc
New York
Volkswagen of America Inc
American Honda Manufacturing Co. Inc
Honda
Ford
Chrysler
AMC
Blue chip stocks lead a mixed market rally
The Dow rose 9.82 to 1197.82 after a late rally driven by AT&T and Goodyear as investors bargain hunted following a broad five day slide. NYSE volume climbed to 80.37 million. S&P 500 and Nasdaq gained amid mixed gains in energy, tech, mining, and metals with retail and airlines retreating.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Dow Jones
American Telephone & Telegraph
Tire & Rubber
Michael Metz
Oppenheimer & Co
At&t
NYSE
UAL
American Stock Exchange
Air Express International
Consolidated Freightways
Standard & Poor
S&p
Mone' IRA option for extension filers
More than 3 million Americans filed extensions for 1982 returns. Merrill Lynch notes Aug 15 as deadline to set up an IRA. contributing up to 2000 dollars before filing can cut tax owed, or start tax deferred growth for 1983 refunds. IRAs offer tax relief and long term investment potential.
MENTIONED IN THIS ARTICLE
Don Underwood
Merrill Lynch
Underwood
Norwest plans a 55 to 65 story Minneapolis tower
Norwest Corp and Oxford Properties announced a high rise to replace the burned Norwest Bank Building in downtown Minneapolis. The 150 to 200 million project would include 1 to 1.5 million square feet of office space with Norwest as a major tenant. Construction aimed to begin next summer and finish in 1987 after leveling the 16 story shell.
MENTIONED IN THIS ARTICLE
Minneapolis
Norwest Bank
Norwest Corp
Oxford Properties Inc
Norwest
Dan McCaffery
Oxford
IDS Center
St. Paul Companies
John H. Beal
Norwest Properties
Cedar Rapids
Factory orders rise 3.9 percent in June aided by military buying
U S factory orders climbed 3.9 percent in June to 176 8 billion from 170 1 billion as defense capital goods surged 74 percent lifting durable goods 6 percent to 89 9 billion. Excluding defense orders rose 1 9 percent while shipments gained 2 6 percent and inventories fell 0 4 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Robert Ortner
Department
Defense
Ortner
Also Mentioned on This Page
Associated Press and Gazette
Commerce Unit
Inter- North Inc. of
Omaha, Neb
Dave Conn
Heinbach
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
Renault Alliance
Household International
Goodyear
International Business Machines
Exxon
Standard Oil of
California
General Motors
Caxetas
En Eee CR l
Peoria
Caterpillar Tractor Co
Komatsu
Japan
Marion
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