Government AT&T agree to judge conditions for break up
The Justice Department and AT&T accepted Judge Greene's conditions for the antitrust settlement paving the way for breaking up the Bell System. The plan requires AT&T to relinquish 22 Bell System companies and spurs a major reorganization affecting over 1 million employees and 3 million stockholders. The deal aims to boost competition, lower costs, and offer consumers more choices in local and long distance service.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
American Telephone & Telegraph Co
Bell System
United States
William F. Baxter
U.S
Harold H. Greene
At&t
Greene
Bell
Alexander Graham Bell
Telephone Company
Bell Company
Radio Shack
MCI Communications
Southern Pacific Communications
ITT
Howard Anderson
Yankee Group
Mother Bell
Justice
Baxter
Bell Companies
Harold Greene
Lombard-Wall
Dow posts three month high on chaotic trading day
The Dow Jones rose to a three month peak amid rumors of a Mexican loan default and a Fed denial of a bank in trouble. volume on the NYSE was the sixth busiest ever, with some major issues such as Cities Service GM IBM and AT&T moving strongly amid mixed sentiment.
MENTIONED IN THIS ARTICLE
Dow
New York
UPI
New York Stock Exchange
Federal Reserve
DJIA
Fed
Standard & Poor
Iowa region added as Banco reorganizes Northwest Bancorporation
Northwest Bancorporation of Minneapolis announced a major reorganization creating eight regions to prepare for a less regulated, more competitive banking era. The plan shifts executive responsibilities, names two new vice chairmen, and forms four strategic business groups. Regional leader Harry C. Benson will head Region 4 with Des Moines headquarters.
MENTIONED IN THIS ARTICLE
Minneapolis
Northwest Bancorporation of
First National
Marion
Cedar Rapids
Robert A. Krane
E. Peter Gillette Jr
Northwestern National Bank
Computer Services
Morrison
Iowa-Des Moines National Bank
Bettendorf Bank and Trust Co
Security State Bank of
Keokuk
Ottumwa
Fort Dodge
Cedar Falls
Harry C. Benson
Midland National Bank of Minneapolis
Des Moines
Benson
Krane
Fairfield
University of Iowa
Iowa-Des Moines Bank
Judd Puzzle Instructions and Scoring Summary
Rearrange each row of letters to form 2 to 7 letter words. Total the points per row using the right side scoring. 7 letter words earn a 50 point bonus. Blanks count as no letters and carry no points. Proper nouns foreign or hyphenated forms are forbidden. Judd's solution tomorrow ear 1982 United Feature Syndicate Inc.
MENTIONED IN THIS ARTICLE
Judd
United Feature Syndicate, Inc
Quaker Oats reports higher sales and earnings for year
Quaker Oats Co. posts consolidated sales from continuing operations up 8 percent to 2.7 billion and after tax income up 11 percent to 120.6 million. Earnings per share rise 16 percent to 5.98 with a discontinued Restaurant Division noted for sale. Fourth quarter EPS fall 12 percent to 1.43 due to plant writeoffs and higher tax rate. Total quarterly sales rise 9 percent to 655.4 million. UPI report from Chicago notes International Harvester sees third quarter loss near 130 million and full-year losses exceeding 600 million as it restructures to focus on core truck engine and farm equipment units.
MENTIONED IN THIS ARTICLE
Chicago
Quaker Oats Co
U.S
Cedar Rapids
Harvester
Peso Slumps as Mexico Ends Dollar Ban
The Mexican peso fell about 50 percent to 120 per dollar after the government allowed private banks to trade dollars openly ending a one week foreign exchange ban. The move is expected to boost basic goods prices and raise nationwide unemployment.
MENTIONED IN THIS ARTICLE
Mexico City
UPI
Deere & Co. names nonfamily successor to Hewitt
William A. Hewitt retires as Deere & Company chief executive officer at age 68 following a postponed announcement after his nomination for U S ambassador to Jamaica by President Reagan. Robert A. Hanson, former chief operating officer, is chosen to succeed Hewitt after 32 years with the firm.
Occidental makes 1.9 billion cash bid for Cities Service
Occidental Petroleum launches a tender offer of 50 dollars a share for 38.2 million Cities Service shares, targeting a 49 percent stake. The proposal, expiring Sept. 16, follows Cities board rejection of a prior approach, as Gulf Oil’s earlier bid collapse lingers in market sentiment.
MENTIONED IN THIS ARTICLE
Wall Street
Cities Service
Occidental Petroleum
Occidental
General Motors
IBM
American Telephone & Telegraph Co
At&t
NEW York
UPS
Occidental Petroleum Corp
Cities Service Co
Cities
New York Stock Exchange
Los Angeles
Gulf Oil Corp
Infant carrier recall over potential fall risk
The Consumer Product Safety Commission announces a voluntary recall of about 15,000 Tenderkare model 412 carriers and Sears Winnie the Pooh Rocker-Carrier model 36511 sold 1975 to 1980. The leg rest can detach when carried by it, risking a child falling out. two incidents reported. Owners urged to stop using the leg rest as a handle. Pines of America offers a $5 refund for those who remove and return the leg rest, with postage reimbursement.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
Sears, Roebuck
Pines of America
Fort Wayne
Ind
P.O
Smaks Inc Files Chapter 11 in Kansas City
Kansas City based fast food chain Smaks Inc files Chapter 11 bankruptcy plans to sell seven out of town restaurants in Iowa Texas and Wisconsin while keeping its five Kansas City eateries.
MENTIONED IN THIS ARTICLE
Kansas’ City
UPI
Kansas City
Also Mentioned on This Page
Hanover
Continental Illinois
Chase Manhattan
Security Pacific
Bankamerica
Citicorp
Dome Petroleum
Starrett Housing
Willcox & Gibbs
National Association of Securities Dealers
Iowa
Banco System
Dial Financial Corp
de Moines
Banco
John W. Morrison
Northwest
Harry Benson
Selchc
Val
Sedemark
Judd F Eature Syndicate, Inc
ICI
Fighter Co
Quaker
International Harvester
Louis Menk
Donald Lennox
Deere
Oxy
Gulf
Charles Waidelich
Cities Board
Ryames
Pioneer Office
1St Ave. SE
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