Banks Cut Prime Rates as Prices Rise and Markets Waver
Chase Manhattan lowered its prime lending rate to 20.4 percent from 21 percent, with Wells Fargo following earlier. Consumer prices rose 1 percent in November, lifting annual inflation to 12.5 percent. The Dow edged higher late in trading before retreating on CPI news. Real weekly earnings rose and then slipped as prices climbed. Home financing rose 3.9 percent driven by mortgage costs and housing prices.
MENTIONED IN THIS ARTICLE
Wells Fargo
Chase
Washington
Labor Department
Bureau of Labor Statistics
Mod Squad actor faces million dollar suit
A former "Mod Squad" leading man is sued for injuries alleged against actress Morgan Brittany. The case highlights ongoing legal action surrounding a high profile Hollywood figure.
MENTIONED IN THIS ARTICLE
Morgan Brittany
Culver Accepts Legal and Teaching Posts After Senate Loss
Sen John C Culver will join Shuttleworth and Ingersoll as attorney of counsel after Jan 1 and teach at the Kennedy Institute of Politics Harvard School of Government. He will consult on arms control and return monthly to Cedar Rapids, Iowa, and stay in Chevy Chase Maryland.
MENTIONED IN THIS ARTICLE
John C. Culver
Cedar Rapids
John F. Kennedy Institute of Politics
Harvard University
School of Government
Culver
U.S. Senate
U.S. House of Representatives
Shuttleworth and Ingersoll
Kennedy Institute
Congress
Ann
McGregor
Chevy Chase
Washington
Thomas M. Collins
Collins
Iowa
Reagan names John Block as agriculture secretary
President elect Ronald Reagan selects John Block a 45 year old Illinois farm director as agriculture secretary while delaying two other cabinet posts until after Christmas. Meese says education and a trade post will wait for congressional talks and notes Reagan aims to abolish energy and education departments.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ronald Reagan
John Block
Illinois
Block
Robert Dole
Kansas
California
Reagan
Ed Meese
Education
Senate
Meese
Congress
Richard Nixon
Alexander Haig
Nixon
Samuel Pierce
Jeane Kirkpatrick
U.N
James Edwards
James Watt
Edwards
South Carolina
Locksley suit rejected by Linn District Court jury
A Linn County jury of five men and three women ruled against Dr. Locksley in his $ dispute with 13 anesthesiologists and two Cedar Rapids hospitals. Deliberations lasted about three and a half hours, verdict delivered to Judge Horan at 1:17 p.m. The defendant considered an appeal on several rulings.
MENTIONED IN THIS ARTICLE
Linn
Her
Bert Locksley
Cedar Rapids
Thomas Horan
Locksley
George Wright
Fort Madison
Des Moines
Naomi
Bernard Mercer
Wright
Explosion on Saudi jet kills two children over Persian Gulf
A tire casing exploded in the wheel well of a Saudi Air jet at 29,000 feet, tearing a hole and sweeping two children ages 7 and 13 from the American-made Lockheed TriStar. The 296-passenger flight diverted to Doha where three others were hospitalized and later released.
MENTIONED IN THIS ARTICLE
Doha
Qatar
UPI
Persian Gulf
Civil Aviation Authority
Gazette Holiday Edition Preview
The Gazette announces its Christmas Day issue will be distributed Thursday morning Obituaries and other materials for that edition must be submitted by 6 30 p.m. Wednesday.
MENTIONED IN THIS ARTICLE
Gazette
Also Mentioned on This Page
State News
Iowa Court of Appeals
Linn County
Iowa Natural Resources Council
May's Island
Hawkeyes
Sammy
Santa
Dr. Solomon
Marcy
N.Y
Emma Kessler
C.R
Harvard Culver
John
Lyn Nofziger
Nofziger
White House
Locksley Suites
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