Dow hits record close as tobacco stocks lead gains
The Dow Jones average rose 2.71 to 2709.50 in a choppy session, its 54th yearly closing high, with tobacco shares as top performers after a federal appeals court allowed health warnings in ads and packaging. IBM, GE, AT&T mixed. Nabisco and Philip Morris rose while others dipped. Volume on the NYSE was 189.58 million shares. S&P up while NASDAQ advanced.
MENTIONED IN THIS ARTICLE
Associate.ress and Gazette
Dow Jones
New York Stock Exchange
Labor Department
Wall Street
Atlanta
American Brands
RIA Nabisco
Philip Morris
International Business Machines
General Electric
American Telephone & Telegraph
Manpower Inc
Blue Arrow PLC
Bolar Pharmaceutical
American Stock Exchange
Smithkfine Beckman
Bolar
Food and Drug Administration
Smithkline
Iowa
Weynerhaeuser
NYSE
Exchange
Standard & Poor
S&p
Amex
Gas Stations Rife With False Octane Ratings Says GAO
New York survey by the General Accounting Office shows many stations mislabel octane. City Department of Consumer Affairs cited 171 violations at 135 stations in 1986, with fines up to 500 dollars. state and federal agencies discuss higher penalties.
MENTIONED IN THIS ARTICLE
New York
Federal General Accounting Office
New York City
Charles Schumer
Dn.y
Philip Sharp
Department of Consumer Affairs
Federal Trade Commission
Gary Walker
GAO
Statesman Group rebuffs takeover bid from California investors
Statesman Group Inc of Des Moines rejected an acquisition proposal from a California led group headed by Bach Cos. that owned about 4 percent of Statesman stock and valued the offer at 110 million dollars.
MENTIONED IN THIS ARTICLE
Veo Motive
Statesman Group Inc
California
Bach Cos
San Francisco
Statesman
Workers happy with pay not with bosses
New York AP reports a Wyatt Co survey of 5391 workers finds 53 percent favorable on pay, 61 percent on benefits, and 70 percent overall job satisfaction, but management ratings are weak with only 39 percent favorable reception of how they are treated by management above immediate superiors.
MENTIONED IN THIS ARTICLE
New York
Wyatt Co
Cent
Wyatt
Midwest Wages Rise But Lag Behind U.S. Levels
New Labor Department figures show white collar wage gains outpacing blue collar in the Midwest, though growth trails the nation. Using 1981=100, the Midwest pay index reached 1285 in June 1987, from 1244 a year earlier, with private industry wages at 131.7 nationally.
MENTIONED IN THIS ARTICLE
Midwest
U.S. Department of Labor
Repor
U.S
Northeast
South
West
AT T suit could halt new research center
AT&T has filed a legal challenge in a Washington DC court over the divestiture rules related to manufacturing. The suit seeks to redefine manufacturing to include design and development of telecom hardware and software, potentially threatening US West's planned 50 million R D facility employing up to 1500. Cedar Rapids and Iowa City bid for the project, with a decision due next month.
MENTIONED IN THIS ARTICLE
Press and Gazette
At&t
Washington, D.C
US West
Bell
U.S. District Court
Harold Greene
Iowa
Cedar Rapids
Iowa City
David Mack
Associated Press
Denver
Edith Herrman
Justice Department
Herman
Mack
Quaker reorganizes US and Canadian food divisions
Quaker Oats announced a reorganization of its U.S. and Canadian grocery products divisions expanding into three groups. Cedar Rapids cereal plant remains unchanged and reports through corporate channels. New executive appointments include James Tindall as executive VP US foods and Lawrence Hathaway as president of cereals divisions. Philip A. Marineau becomes executive VP for grocery specialties and market development. Douglas Mills remains EV P for diversified groceries and takes new responsibilities. The changes aim to support growth in core businesses amid multibillion-dollar sales, with no staff cuts announced.
MENTIONED IN THIS ARTICLE
U.S
Quaker Oats Co
Quakers US
Quaker
Cedar Rapids
James Tindall
U.S. Foods
Ompany
Cereals
Convenient Foods
Hedric Rhodes
Philip A. Marineau
Grocery
U.S. Grocery Products
Douglas Mills
Diversified Grocery Products
Pet Foods
Quaker Ats Canada
Golden Grain
Lawrence K. Hathaway
Tindall
Hathaway
Renvenue
Divisio
J. Morgan
Philip Morris
General Foods Corp
July cooling bill tops 4.3 billion nationwide
NOAA reports July air conditioning costs for a typical home at 103.93 dollars, totaling nearly 4.3 billion nationally and well above normal. Regional figures show East North Central and East South Central states with the largest bills, while Pacific Coast runs below normal. Calculations exclude Alaska and Hawaii and September totals are pending.
MENTIONED IN THIS ARTICLE
Washington
Amera
National Oceanic and Atmospheric Administration
Nis
NOAA
Assessment and Information Services Center
East South Central States
East North Central States
Pacific Coast
New England
Mid-Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
Alaska
Manpower approves Blue Arrow cash takeover offer
Manpower Inc directors unanimously approve a sweetened 1.33 billion dollar cash buyout offer from Britain's Blue Arrow PLC. The two firms would operate largely independently under an agreement with Blue Arrow chairman Antony Berry and Manpower president Mitchell S. Fromstein. Aug 15 offer of 75 dollars a share had been rejected as inadequate. Blue Arrow raises to 82.50 dollars per share for 16.1 million shares.
MENTIONED IN THIS ARTICLE
Milwaukee
Manpower Inc
Britain
Blue Arrow PLC
Blue Arrow
Antony Berry
Mitchell S. Fromstein
Manpower
Also Mentioned on This Page
Abbott Laboratories
Lake County
Rrant
Fort Dodge
Fort Dodge Laboratories
Toledo
Onio
United Auto Workers
Chrysler Corp
Cable Place
N.Y
Dunhill Personnel System
Inn New York
West Texas
C.R
Manpower UK
Samouna
Joelkers
Cedar Rapidi
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