Frontier Horizon to operate coast-to-coast feeder airline
Frontier Holdings plans a new unit named Frontier Horizon to run seven Boeing 727-100 jets from Denver to New York, San Francisco, Washington and Chicago by mid December. M.C. Hank Lund named president. wage model emphasizes low base pay and profit sharing to compete with United and Continental, with about 200 staff hires and contracted services. Frontier currently serves 83 points across 26 states plus Canada and Mexico and will start Cedar Rapids service in September.
MENTIONED IN THIS ARTICLE
Denver
Frontier Airlines
Frontier Holdings Inc
Glen Ryland
Ryland
Frontier Horizon
New York
San Francisco
Washington
Chicago
M.C
Bob Schulman
Frontier
United
Continental Airlines
American Airlines
Canada
Mexico
Cedar Rapids
Judge frees coops from nuclear plant bond debt
A Seattle judge ruled 43 Northwest rural electric cooperatives are not responsible for $2.25 billion in bonds tied to two terminated WPPSS nuclear plants. The decision follows prior rulings absolving other utilities and leaves Chemical Bank’s suit to ensure payment by sponsoring utilities unresolved.
MENTIONED IN THIS ARTICLE
Seattle
Northwest Rural Electric Cooperatives
Washington
King County Superior Court
H. Joseph Coleman
Oregon
Idaho
Montana
Nevada
Coleman
Chemical Bank of New York
Chemical Bank
Washington State Supreme Court
Oregon Supreme Court
Cooperatives
Utilities
WPPSS
Washington Utilities
Hanford
Satsop
Equitable Earning Report Highlights 1983 Half-Year
Equitable’s six month results show operating revenue down 4 percent to 195.3 million and net income up from 5.5 million to 9.4 million. The first half credit includes a profitable Younkers chain totaling 776,901 while 1982’s period posted a 1.19 million loss. insurance operations remained slightly higher year over year.
MENTIONED IN THIS ARTICLE
Younkers
Seminar on Dealing with Federal Agencies in Iowa City
One day conference at the Highlander Inn in Iowa City on August 18 from 8 a.m. to 2 45 p.m. Sponsored by Rep. James Leach Rep. Tom Tauke and Rep. Cooper Evans. Sessions cover SBA aid DoD contracting export profit and IRS audits. Cost 12 includes lunch.
MENTIONED IN THIS ARTICLE
Washington
Highlander Inn
Iowa City
James Leach
Tom Tauke
Cooper Evans
Leach
Small Business
Department of Defense
Internal Revenue Service
Davenport
Burlington
Ottumwa
Mixed market as Dow uplifts after sharp drop
Stocks were mixed with the Dow Jones index climbing about 5 points after tumbling Monday to a four month low. AT&T General Motors Eastman Kodak and American Express led gains while IBM Metromedia and Sears fell amid interest-rate and credit worries.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Newton D. Zinder
E.F. Hutton & Co
Alan C. Poole
Laidlaw, Adams & Peck Inc
Dow Jones
American Telephone & Telegraph
NYSE
General Motors
Eastman Kodak
American Express
International
American Stock Exchange
1982 Jobless rate hits record for certain unemployment
The Labor Department report shows about 26.5 million people had some unemployment in 1982, with 22 percent of workers out part of the year. Men faced higher unemployment, blacks over one third, Hispanics near 27 percent, while median full time earnings rose to 17,559.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bureau of Labor Statistics
Bureau
Tipton Bank Sale Approved by Hawkeye Bancorporation
The Federal Reserve System approved Hawkeye Bancorporation of Des Moines to acquire Tipton State Bank in cash and Hawkeye common stock. Tipton State Bank holds about 17 percent of Cedar County banking assets with 42 million dollars in assets, while Hawkeye totals 1.8 billion and operates 88 Iowa locations including United State Bank and several other subsidiaries.
MENTIONED IN THIS ARTICLE
Des Moines
Tipton State Bank
Hawkeye Bancorporation of
Federal Reserve System
Hawkeye
Tipton Bank
Cedar County
Iowa
United State Bank of
Cedar Rapids
State Bank of Vinton
Waukon State Bank
National Bank of Washington
Hawkeye State Bank of
Iowa City
Jackson State Bank of
AMC to Hire 1,000 Auto Workers by October at Kenosha Plant
AMC plans to hire 1,000 to 1,200 autoworkers by Oct 1 to boost subcompact output at Kenosha Wisconsin, aiming to raise daily car production from 900 to 1,100. Currently about 800 workers remain on indefinite layoff as the firm resumes hiring after three years. The Kenosha plant builds the Renault Alliance and the upcoming Encore hatchback.
MENTIONED IN THIS ARTICLE
Southfield
Kenosha
AMC
Lloyd Northard
Jerry Sloan
U.S
Jose Dedeurwaerder
Sloan
Your Money Hobby That Makes Money Saves Taxes
A hobby collector may deduct expenses if yearly profit is earned from selling items. Profits from long term sales count as capital gains with 40 percent included in AGI, while deductible expenses can offset up to the profit. Keep records to prove deductible amounts. without them the government may estimate.
MENTIONED IN THIS ARTICLE
Prentice-Hall
Prentice- Hall
Olson Popa Novak Architects to Open Cedar Rapids Office
Olson Popa Novak Architects of Marion will open a downtown Cedar Rapids office in September at the Century Building 221 Fourth Ave SE. Scott Olson says the move expands service and downtown development involvement, citing past projects like Witwer Senior Center Museum of Art Iowa Theater remodeling and Ground Transportation Center components.
MENTIONED IN THIS ARTICLE
Iowa Theater
Ground Transportation Center
Ground Transportation Center Design Group
Five Seasons Center
Stouffer’s
Five Seasons Hotel
Brenton Bank
Cedar River Tower
Also Mentioned on This Page
Soviet Union
Urring Financial
Ervice Nevy
Exxon International Co
International Civil Aviation Organization
Judge
Dow
New York Stock Exchange
Exxon
Sears Roebuck
Metromedia
Barron’s Magazine
Hewlett-Packard
Honeywell
Data General
Standard & Poor
S&p
Jobs Picture
FDIC
FSLIC
Securities Corporation of Iowa
SCI Financial Group
Second Avenue Southeast
SIPC
Kathy Fisher
Hewlett Packard
Condor Database
WordStar
VisiCalc
Pro International
VisiCorp
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