Per Mar Security Buys Iowa City Operation
Per Mar Security and Research Corp of Davenport has acquired the operating assets of Iowa City Security in Iowa City. A spokesman said the deal makes Per Mar the largest full service security provider in the city. Per Mar has been in business since 1953 and operates in Illinois Wisconsin Missouri Kansas Nebraska and Minnesota.
MENTIONED IN THIS ARTICLE
Per Mar Security and Research Corp
Davenport
Iowa City Security
Iowa City
Per Mar
Illinois
Wisconsin
Missouri
Kansas
Nebraska
Minnesota
Whirlpool to Acquire Philips Appliance Division Stake
Whirlpool Corp plans to buy 53 percent of Philips appliance unit for 470 million dollars. The new company will employ 14,000 and generate about 2 billion dollars in annual sales, boosting Whirlpool’s revenue to around 6 billion dollars.
MENTIONED IN THIS ARTICLE
Whirlpool Corp
NV Philips
Whirlpool
Philips
Whirpool
Marriott Pulls Roy Rogers Ad Over Cafeteria Spoof
Bethesda based Marriott Corp pulled a Roy Rogers TV commercial after school cafeteria workers complained it showed unappetizing meals. The company defended the spoof as a reference to bygone cafeteria days and stressed it does not intend offense.
MENTIONED IN THIS ARTICLE
Roy Rogers
Bethesda
Marriott Corp
Marriott
SBA Announces Economic Injury Disaster Loan Sessions
The U S Small Business Administration will accept applications for economic injury disaster loans at ten locations over two weeks. Cedar Rapids Linn County Administration Building Aug 25 26 29 8 am to 4 30 pm Aug 30 8 am to noon Dubuque Courthouse Aug 31 Sept 1 2 8 am to 4 30 pm Waterloo Courthouse Aug 25 26 29 8 am to 4 30 pm Aug 30 8 am to noon Mount Pleasant Courthouse Aug 31 Sept 1 2 8 am to 4 30 pm.
MENTIONED IN THIS ARTICLE
U.S. Small Business Administration
Cedar Rapids
Linn County
Dubuque
Waterloo
Mount Pleasant
Burlington Air Express Expands Des Moines Freight Service
Enhanced service adds a daily Boeing 707 jetliner and lifts capacity to 60 000 pounds from 11 800 pounds. Des Moines terminal upgrades aim to improve freight for Cedar Rapids and the Quad Cities, boosting regional air transport. An Outboard Marine Corp. assembler in Burnsville North Carolina surveys V4 and V6 engine blocks for Johnson and Evinrude motors, with production of the motors starting in 1958.
MENTIONED IN THIS ARTICLE
Burlington Air Express
Des Moines
Cedar Rapids
Quad-Cities
Outboard Marine Corp
Burnsville
N.C
Johnson and Evinrude Motors
Outboard Marine
Jury Deliberations Continue in Hunt Antitrust Suit
A New York federal jury on day five of deliberations has not reached a verdict in the $150 million antitrust and civil racketeering case brought by Minoeco against Nelson Bunker Hunt and his two brothers. The panel is ordered to resume at 9:30 a.m. Saturday.
MENTIONED IN THIS ARTICLE
New York
Nelson Bunker Hunt
Minoeco
Hunts
Judge orders six month deadline for NJ self-service gas rules
Superior Court Judge Martin L. Haines ruled New Jersey's 39 year old ban on self-service gas stations unconstitutional. He said safety grounds cited in 1949 are no longer valid and gave lawmakers six months to enact compliant regulations.
MENTIONED IN THIS ARTICLE
New Jersey
Martin L. Haines
Mount Holly
Late selling wave drags stocks after day of doldrums
Wall Street closed mixed as a late burst of computer driven selling erased early gains. The Dow fell 11.03 to 2016.00, while the broader market showed gains for some Eastern Iowa stocks like Longview Fibre and Banks of Iowa, and telecoms such as Teleconnect.
MENTIONED IN THIS ARTICLE
Wall Street
Robert O’toole
Shearson Lehman Hutton Inc
New York
New York Stock Exchange
NYSE
Iowa
Robert Meyer
Fahnestock & Co
Longview Fibre
Banks of
Teleconnect
Raytheon
Texas thrift merger creates Sunbelt Savings FSB in Dallas
Twenty Texas insolvent savings and loans were merged in two days under the Southwest Plan. Eight institutions, led by Sunbelt Savings Association, form Sunbelt Savings FSB with assets of 6.9 billion and headquarters in Dallas. The government will inject 2.5 billion to back the deal and plans to shrink and sell the new bank next year.
MENTIONED IN THIS ARTICLE
Dallas
Texas Savings and Loans
Federal Home Loan Bank Board
S&ls
Texas
William Gibson
Continental Illinois Corp
FSLIC
American Federal Bank F.S.B
Sunbelt Savings F.S.B
Sunbelt Savings Association
Sunbelt
Thomas J. Wageman
FHLBB
M. Danny Wall
Bank Board
George Barclay
Federal Home Loan Bank Board of Dallas
Wall
Kellogg recalls cereals over vitamin A and iron issues
Kellogg Co recalls about 29,000 boxes of Frosted Mini-Wheats Biscuits across 25 states for excessive vitamin A causing mouth burning. It also withdrew some Rice Krispies at distribution due to iron levels. no consumer recall is planned. Affected Frosted Mini-Wheats have Aug 2 1989 expirations and BC117 BC118 codes. Rice Krispies show June 22 24 1989 dates with M code. Consumers should return affected Frosted Mini-Wheats or follow box return directions. Iowa and neighboring states are affected.
MENTIONED IN THIS ARTICLE
Battle Creek
Mich
Kellogg Co
Joe Stewart
U.S
Stewart
Kellogg
Iowa
CPSC files contempt action against Sears
The Consumer Product Safety Commission charges Sears Roebuck and Co. with continuing to sell lawn darts in violation of a consent agreement. The agency seeks a court ruling of contempt, a halt to sales, a nationwide store survey, and costs. Sears says nothing yet on the complaint. Investigators found darts sold in Puerto Rico after the March agreement.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
Sears Roebuck and Co
The
Safety Commission
Federal District Court
Sears
Commis
Sion
Gordon Jones
Chicago
the Safety Commission
Commission
Puerto Rico
Continental to cut up to 1000 jobs in fall service pullback
Frank Lorenzo chairman of Continental and Texas Air Corp says the airline will lay off as many as 1000 pilots flight attendants and other personnel in a fall reduction. He noted the layoffs will be formally announced in the next few days. The remark followed testimony at a federal court hearing on Eastern Airlines proposed service curtailments to 14 cities.
MENTIONED IN THIS ARTICLE
Houston
Continental Airlines
Frank Lorenzo
Continental
Texas Air Corp
Lorenzo
Eastern Airlines
Waterloo bank seals $5 million insurance settlement
Peoples Bankshares Ltd of Waterloo reports a $5 million liability insurance settlement with CNA Insurance as a major achievement in its reorganization. The deal, filed in Cedar Rapids federal court, awaits Bankruptcy Court approval at a September hearing. proceeds plus $7 million from bank sales will fund claims and regulatory capital. More than 40 lawsuits are listed against the company.
MENTIONED IN THIS ARTICLE
Peoples Bankshares Ltd
Waterloo
U.S. District Court
Cedar Rapids
CNA Insurance Co
Larry Gutz
Peoples Bank and Trust Co
Bankers Plus Leasing Company
Minneapolis
Kellogg
Melbourne
Britt
Parkersburg
Gutz
Also Mentioned on This Page
Deli Express Microwave Popcorn
Associated Press and Gazette
Dow
DuPont
General Motors
IBM
Digital
Compaq
Apple
John Sculley
Goodyear
Armtek
Gazette
Todd Mcintort
Teleconnect Co
SouthernNet Inc
Atlanta
CPSC
Waterloo Bank
Oelwein
Marion
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