Riley Named Cedar Rapids Chamber 1987-88 Chairman
Byron G. Riley Jr. will be installed as 1987-88 chairman at the Cedar Rapids Area Chamber of Commerce annual meeting Tuesday at Stouffer's Five Seasons Hotel. His election was confirmed by the chamber board. he succeeds Robert W. Verhille who remains on the executive committee.
MENTIONED IN THIS ARTICLE
Byron G. Riley Jr
Bradley & Riley PC
Cedar Rapids Area
Chamber ‘of Commerce
Stouffer's
Five Seasons Hotel
Riley
Chamber
Robert W. Verhille
Larry J. Waller
Henry Royer
Merchants National Bank
Dennis C. Wangeman
Arthur Young
Larry D. Root
Iowa Electric Light & Power Co
Hal D. Gilchrist
Banc Town’ Savings Bank
Albert C. Brown
Worst week of the year for stocks slumps deepen
The Dow fell 35.71 to 2639.35 as a three day slide left the week with a 70.15 point loss. Volume on the NYSE was 156.33 million shares as analysts cited dollar weakness and rising long term yields above 9 percent fueling profit taking.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
IBM
Merck
American Express
Alcoa
du Pont
McDonald's
Dun and Bradstreet to Acquire Information Resources
Dun and Bradstreet will acquire Chicago based Information Resources Inc in a stock swap valued at about 572 million dollars merging IRIs test marketing and database services into Nielsen Information Resources The deal requires approval by IRIs stockholders and is targeted to close by year end with John C Holt named chairman and CEO of the combined unit.
MENTIONED IN THIS ARTICLE
New York
Dun & Bradstreet Corp
Information Resources Inc
Dun & Bradstreet
Information Resources
A.C. Nielsen Market Research
TRI
Cedar Rapids
New York Stock Exchange
Information Resources Management
D&b
John Malec
IRI
Bob Diamond
U.S
Nielsen Marketing Research Division
Nielsen Marketing Research
Nielsen Media Reseach
Nielsen Information Resources
Nielsen
John C. Holt
A.C. Nielsen
Nielsen, Dun & Bradstreet
Marion Illinois power office closes its doors permanently
Cedar Rapids district manager Mark Ormsby confirms the Illinois office at 796 11th Street shut at 5 p.m. Friday in a permanent closure. Payments will continue at the Farmers State Bank location and other pay stations, with customers able to mail or call in orders. The office, staffed by two workers, handled payments and service orders only.
MENTIONED IN THIS ARTICLE
anni _epectric Co
Marion
11Th Street
Cedar Rapids
Mark Ormsby
the Gazette
Ormsby
Lownlinois
Farmers State Bank
Eighth Ave
Norwest Bank
Eighth Avenue
Third Street
Randall Foods
Armar Drive
Mazda Announces Three All New Models For 1988 Line
Mazda reveals three all new 1988 models: the 929 luxury sedan with a fuel injected V six and rear drive, the redesigned 626 mid size sedan with three trim levels, and the MX 6 GT sport coupe built at Flat Rock Michigan and in Japan. The MX 6 is positioned as successor to the 626 coupe and also offers three trim levels.
MENTIONED IN THIS ARTICLE
Mazda
Flat Rock
Mich
Japan
Sumner to land bus factory with 150 produced annually
Sumner Iowa will host Sumner Coach Inc an ambulance maker turned bus producer. The operation aims to employ 75 within two years and reach 150 buses a year with a 1.5 million payroll. Local suppliers include Independence Monona West Union and Dubuque.
MENTIONED IN THIS ARTICLE
Sumner
Iowa
Sumner Coach Inc
Jim McAloon
Sumner’s
Future Inc
Sumner Coach
Independence
Monona
West Union
Dubuque
John Deere
ADT
Trenton, NJ
ADT Inc
Britain
Hawley Group Ltd
Chrysler K cars get new look and lower price for 1988
Chrysler announces redesigned America version of the Plymouth Reliant and Dodge Aries K-cars for 1988. The base price drops to 6995 with updated equipment and available option packages including automatic transmission and power steering.
MENTIONED IN THIS ARTICLE
Chrysler
Detroit
Chrysler Corp
America
Chrysler Motors
Gerald Greenwald
Aries
Reliant
Catherine's unit to be sold to management led group
New York AP Allied Stores Corp announced it will sell Catherine's division to an investor group led by division management. The 210 store chain includes a Cedar Rapids Lindale Mall location. Price not disclosed.
MENTIONED IN THIS ARTICLE
Catherine
New York
All Stores Corp
Catherine's
Allied
Lindale Mall
Cedar Rapids
Campeau Corp
Dey Brothers
Lissa Perlman
Campeau
Reagan Signs Plan to Bolster Savings and Loan Fund
The Federal Savings and Loan Insurance Corp. faces insolvency and approval to inject 10.8 billion via the Financing Corporation. The move, backed by a 30 vote board action, creates a three member oversight panel and authorizes long term bond sales to fund deposits for about 3,200 thrifts.
MENTIONED IN THIS ARTICLE
Washington
Home Loan Bank Board
Savings and Loan Institutions
Financing Corporation
Reagan
Federal Savings and Loan Insurance Corp
SLIC bailout bonds eyed for savings and loan industry
Austin Dowling of the FHLBB finance office notes the FSLIC backed bailout will be funded by taxpayers if the S&L industry collapses. Two initial bond issues totaling about 600 million are planned this year with the first in late September. Major investment houses react favorably as bonds are expected to perform despite industry shrinkage up to 25 percent and rates near 14 percent. FSLIC closed last year with a deficit above 6 billion.
MENTIONED IN THIS ARTICLE
S&l
Austin Dowling
FHLBB
FICO
FSLIC
Regulators push to prop up failing banks with funds
Regulators moved to force 10 banks to stay open as regulators lack the money in the insurance fund to cover depositors. About 20 percent of 3200 institutions are insolvent or unprofitable, with analysts doubting that 10.8 billion over three years will suffice. M Danny Wall, chair of the bank board, said recapitalization is being funded by the industry and aligns with responsible finance.
MENTIONED IN THIS ARTICLE
Det
M. Danny Wall
Also Mentioned on This Page
Glen A. Easterday
Linn-Mar Community Schools
Richard C. McCarty
Norand Corp
Mimi A. Meffert
Armstrong's
Norm R. Nielsen
Kirkwood Community College
Erven E. Schmidt
Glencoe Mills Inc
A. James Tinker
Mercy Hospital
Easterday
Schmidt
Marion Chamber
Delbert L. Brehmer
Thomas R. Feld
Gregory 0. Hapgood
Erik S.miles
Joe Hladky III
John H. Lamb
Henry J. Meyer
C. Richard Swarzentruber
von L. Elbert
Philip Morris
RJR Nabisco
Reebok International
South Korea
Philips-Van Heusen
Kansas Gas & Electric
Raytheon
W.K. Grace
General Mills
Banks of
United Fire and Casualty
Rockwell
Exchange
Standard & Poor
S&p
American Stock Exchange
Lown
Illinois
Minois
Drexel Burham Lambert
Southern Pacific Railroad
Richard Kilroy
Railway Labor Executives ‘Association
Mazda Motor Manufacturing Corp
Ford
London
British Petroleum PLC
Carson Pirie Scott & Co
Donaldsons Department Stores
Syracuse
N.Y
Ann Taylor
Brooks Brothers
Europe
Stern's
Jordan Marsh
SLIC
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