Phil Akin leads rapid expansion of Duds 'n Suds laundries
Phil Akin, 25, heads the Duds 'n Suds chain with 73 laundries in 27 states and plans 120 outlets in 40 states by year end. The Ames based founder emphasizes laundry needs over beer, noting a dry Ames outlet and expansion into services like dry cleaning. He built the business from fraternity machines in Waterloo and Nevada to a national network, with nine company owned outlets and franchises, private offerings, and board members including Gene Rouse and Iowa State coach Johnny Orr.
MENTIONED IN THIS ARTICLE
Akin
Duds 'N Suds Corp
Center Point Rd
ua play @ org parc
Ames
BMW
Waterloo
Town State University
Nevada
Fife
Gene Rouse
Teledyne Waterpik
Duds 'N Suds
Johnny Orr
Iowa State
Rouse
Phil Akin
Duds N’ Suds Inc
Ginnie Mae tax status debated by Supreme Court ruling
States may tax Ginnie Mae income despite federal exemption for U S government obligations. GNMA securities are pass through certificates backed by mortgage payments, not full faith and credit of Treasury. Investment risks include fluctuating monthly payments and potential exhaustion before maturity. minimums vary with direct and mutual fund options.
MENTIONED IN THIS ARTICLE
Ginnie Mae
Supreme Court
Treasury
United States
National Mortgage Association
GNMA
Ginnie Maes
Rockford Insurance
Ilinois
Savings and Loan
S&ls
Inme Mac
Inie Mae
Mutual Funds
Wall Street faces encore after fifth anniversary rally
Stocks set records as the Dow hits a big point gain and volume peak. Analysts acknowledge no clear plan for an encore as earnings, rates, and deficits appear detached from the mania. Greg Smith of Prudential Bache warns investors may ignore fundamentals until returns on alternatives become compelling.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Middle East
Greg Smith
Prudential Bache Securities
Smith
Survey predicts robust economy with manufacturing strength
The National Federation of Independent Business survey foresees robust growth for at least three months, led by a manufacturing upswing. Dunkelberg notes a dollar-driven price advantage, 16 percent of firms planning more hires, and 30 percent with job openings, signaling continued expansion and rising expected sales.
MENTIONED IN THIS ARTICLE
EW York
William C. Dunkelberg
National Federation of Independent Business
Cameke Arenu
Dunkelberg
Purdue University
Temple University
School of Business
Weekly economic reports and meetings schedule
Upcoming releases include July factory capacity, housing starts, and CPI with revisions on quarterly growth and profits. Friday brings real earnings and federal receipts and outlays. Tuesday notes several local association meetings in Cedar Rapids with talks on finance and mediation. The New York money rates overview lists current indices and bond yields.
MENTIONED IN THIS ARTICLE
Tuly
American Business Women’s Association
Cedar Rapids
Marion
Pavillion
Bever Park
AWBA
Hollywood
Isoara
Keatters
Longbranch
Mark Jayne
Community Dispute Center
A.N. Palmer
Professional Secretaries International
Parkview Pavillion
Jones Park
Mae Monear
PSI International
Los Angeles
Cheaper dollar fails to curb U S trade deficit
The June trade deficit rose to 15.7 billion dollars driven by a 2 billion dollar jump in imports while other indicators showed industrial output and business sales climbing. Analysts say the deficit’s size seems out of step with overall economic strength and may not reflect in the dollar’s fall.
MENTIONED IN THIS ARTICLE
U.S
Johnary
Robert Brusca
Nikko Securities Co. International Inc
Canada
Ward McCarthy
Merrill Lynch & Co
United States
Middle East
Japan
Edward L. Hudgins
Conservative Heritage Foundation
Washington
Hudgins
Congress
Investor Owned Utilities To Spend Less This Year
New York AP report says investor owned utilities will cut total spending by 8 to 9 percent in 1987. Electric utilities face an 11 to 12 percent drop due to excess capacity and weak demand, while smaller utility segments may rise 5 to 6 percent on continued growth and new appropriations.
MENTIONED IN THIS ARTICLE
New York
Vector
Walter Arvin
Conference Board
Arvin
Also Mentioned on This Page
Lowan
Duds ’N Suds Chain
Tom Seery
Associated Press
Ovember
National Mar- Akin
Debra
Ren
Dunxelberg
New England
Dunkleberg
Square D
National Management Association
Owen Winterberg
Securities Corporation of Iowa
Jim Paulson
Iowa State University
Telerate Systems Inc
Telerate
Treasury Bilt
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