Domestic car sales rise 25 percent in mid-December
U S automakers report a 25.2 percent year to year jump in mid-December sales with 179,749 cars sold between December 11 and 20. GM, Ford, Chrysler, AMC and VW posted gains while Honda, VW and AMC showed notable performances in various segments.
MENTIONED IN THIS ARTICLE
Detroit
Peter Zaglio
New York
Lehman Brothers Kuhn Loeb Inc
Zaglio
Harvey Heinbach
Merrill Lynch
Pierce, Fenner & Smith Inc
General Motors Corp
Robert D. Lund
Ford Motor Co
Ford
Chrysler Corp
American Motors Corp
AMC
Jeep
Volkswagen of America Inc
Honda of America Manufacturing Co. Inc
U.S
Chrysler
Honda
Hills Bank to acquire uniBank assets in Iowa City deal
Hills Bank & Trust Co plans to buy about 23 million dollars in assets of uniBank & Trust and assume its deposits. The agreement, announced by presidents John R. Hughes and Frank J. Eicher, awaits regulatory and shareholder approval with anticipation of offices in Coralville and North Liberty becoming Hills branches. Iowa City Clinton Street office may close.
MENTIONED IN THIS ARTICLE
Ann Mittman
Johnson County
Iowa City
Hills Bank & Trust Co
uniBank & Trust
John R. Hughes
Hills Bank
Hills
Frank J. Eicher
Coralville
North Liberty
Iowa Department of Banking
Federal Deposit Insurance Corp
uniBank
S. Clinton
Hughes
Eicher
Iowa
Florida
Highway 6 Bypass
Gilbert Street
Utilities lead in quiet session
Stock prices closed lower in a quiet pre holiday session led by telephone and electric utilities. The Dow fell 3.15 to 1250.51 with a weekly gain of 8.34 as volume dropped to 62.71 million on the NYSE.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Florida Sues Over EDB Food Ban Authority
Grocery Manufacturers of America filed in federal court seeking a restraining order to block Florida’s stop sale actions on grain products containing ethylene dibromide EDB. The suit names Florida Agriculture Commissioner Doyle Conner and State Health Officer Stephen King as defendants and argues the ban is arbitrary and politically motivated.
MENTIONED IN THIS ARTICLE
Tallahassee
Fla
Florida
Grocery Manufacturers of America Inc
U.S. District Court
Agriculture and Public Health
Doyle Conner
Stephen King
George W. Koch
Grocery Group
Conner
King
U.S. Environmental Protection Agency
Rick Johnson
Mental Agency
Hawaii
California
Georgia
Jim Roelofs
Agriculture
EPA
William Ruckelshaus
Layoffs at South Slope Co op Telephone Co
Five of six union installers and cable splicers at the South Slope Co op Telephone Co in Norway have been laid off indefinitely. Local 7101 VP Gary Stoner said the layoff notice was posted Tuesday night and that management would not comment. The union chief steward, Gary Veenstra, remains employed.
MENTIONED IN THIS ARTICLE
South Slope Co-op Telephone Co
Norway
Gary Stoner
Communications Workers of America Union
South Slope Management
Stoner
Francis Kahle
South Slope
Ely
Fairfax
Newhall
North Liberty
Walford and
Watkins
Gary Veenstra
Veenstra
Judge approves Rock's plan for reorganization
A federal judge approves the reorganization plan for Chicago Rock Island and Pacific Railroad Co. to pay creditors with interest. Trustee William M. Gibbons says final approval may come even if creditors object, with completion hoped by April 30, 1984. The plan retires about 195 million in remaining debt and ends Rock Island’s railroad operations while allowing future non railroad ventures.
MENTIONED IN THIS ARTICLE
Chicago
Chicago, Rock Island & Pacific Railroad Co
William M. Gibbons
U.S
Frank McGarr
Gibbons
McGarr
Rock Island
Discrimination Claims Settled With Major Finance Firms
The Federal Trade Commission announced a $140,000 settlement with Security Pacific Financial Corp and Security Pacific Finance System Inc. for discriminating by not considering alimony and child support as income. The firms, operating in 40 states, will stop such practices, avoid marital status questions, and require only one spouse to be liable when appropriate. They did not admit fault.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
Security Pacific Financial Corp
Security Pacific Finance System Inc
Security Pacific Corp
San Diego
Calif
Commission
Ford settles with relatives of crash victim Jo Collins
Relatives of Jo Collins, who died when her 1974 Mustang II burned after a 1980 collision, will receive at least $1.1 million in a settlement with Ford Motor Co. The deal was signed by a judge earlier this week.
MENTIONED IN THIS ARTICLE
Los Angeles
Jo Collins
Ford Motor Co
MCI Lifts Some Calling Restrictions For Daytime Use
MCI Communications plans to realign long distance service by allowing the 800,000 customers on the weekend and after 4 p.m. tier to place calls during business hours. Those on the $5 plan will gain daytime access, but rates remain higher than the $10 full-time tier.
MENTIONED IN THIS ARTICLE
Washington
MCI Communications Corp
MCI
American Telephone & Telegraph Co
At&t
New trial ordered for wrench suit
A federal appeals court in Chicago ordered a new trial in the patent infringement case brought by Peter Roberts of Red Bank Tennessee against Sears Roebuck and Co. The seven judge panel overturned an earlier ruling that had dismissed an $8.2 million jury award. Roberts, 38, invented a quick release socket wrench in 1965 while a Sears clerk in Massachusetts.
MENTIONED IN THIS ARTICLE
Chicago
Sears, Roebuck and Co
U.S. District Court
Peter Roberts
Red Bank
Tenn
Roberts
Sears
Massachusetts
Also Mentioned on This Page
Iowa City Bank
Federal Reserve
Fed
Treasury
American Telephone & Telegraph
Bell System
Public Service of
Indiana
Long Island Lighting
Commonwealth Edison
Standard & Poor’s
S&p
American Stock Exchange
Ward's Research Department
Grocer Group
Panama City
Kate Futch
Publix
Quaker Oats
Ron Bottrell
Arnett’s Milling Co
Tifton, Ga
General Mills Inc
Minneapolis
Monterey Canning Co
San Mateo
Pillsbury Co
Procter & Gamble
Cincinnati
Martha White Foods Inc
Nashville, Tenn
Rock
Jan Savi
Money Market
Ira
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