Frontier delays vote on employee buyout amid union backing
Frontier Airlines directors delay decision on a buyout after a favorable union coalition presentation. The five unions have offered 19 per share for 11.6 million Frontier Holdings shares, totaling about 220.4 million for 45 percent of the parent. Frontier serves Cedar Rapids and 78 other cities across 27 states plus Canada and Mexico.
MENTIONED IN THIS ARTICLE
Denver
Frontier Airlines
Frontier
M.C. “Hank
Lund
Frontier Holdings Inc
Employees’ Coalition
Airline Pilots Association
The
Airline Employees Association
International Association of Machinists
Transport Workers Union
Association of Flight Attendants
Cedar Rapids
Canada
Mexico
Dollar hits new highs against major currencies amid intervention
The dollar reached record highs against Italy's lira France's franc Spain's peseta and other currencies before retreating from some peaks. Japan's central bank stepped in to limit gains against the yen while the dollar also posted 13 year and seven year highs against several European currencies and the Swiss franc with notable rises to 177.6 pesetas 11.486 kroner and 9.2770 kroner respectively.
MENTIONED IN THIS ARTICLE
New York
Japan
Denmark
Norway
NYSE Chairman Pushes Longer Trading Hours Meets Broker Resistance
NYSE Chairman John J. Phelan Jr told the Economic Club of Detroit that his push for extended trading hours faces broker opposition. He said smaller firms fear the longer hours in a hectic market, though larger firms may cope better.
MENTIONED IN THIS ARTICLE
Detroit
New York Stock Exchange
The
Economic Club of
NYSE
John J. Phelan Jr
Phelan
Ruckelshaus Joins US West Board in Denver
William D. Ruckelshaus was elected to US West's board of directors in Denver Colorado. He previously served on the board from February to May 1983 before resigning to rejoin the Environmental Protection Agency at President Reagan's request.
MENTIONED IN THIS ARTICLE
Denver
Colorado
US West
William D. Ruckelshaus
Ruckelshaus
Environmental Protection Agency
EPA
Reagan
Center Land Bought by Rockefeller Family in Manhattan
The Rockefellers will purchase the land under Rockefeller Center from Columbia University for 400 million dollars, covering 11.7 acres between 48th and 51st streets and Fifth and Sixth avenues. The deal includes the RCA Building and Radio City Music Hall, with Columbia’s board approving the sale. The price breaks down to over 34 million dollars per acre.
MENTIONED IN THIS ARTICLE
New York
Rockefellers
Rockefeller Center
Columbia University
Mid- Manhattan
48Th
51St Streets
Fifth
Sixth Avenues
RCA
Radio City Music Hall
Columbia Board of Trustees
Allis Chalmers Talks Milwaukee with West German Firm
Allis Chalmers confirmed discussions with Kloeckner Humboldt Deutz AG and other companies in the agricultural equipment industry but said no agreement has been reached. The company stated that no definitive terms have been agreed for any transaction involving its agricultural equipment business.
MENTIONED IN THIS ARTICLE
Milwaukee
Allis Chalmers Corp
Kloeckner-Humboldt-Deutz AG
Allis-Chalmers
Mesa buys stake in KN Energy to ten percent goal
Mesa Petroleum Co. disclosed ownership of 7.2 percent of KN Energy Inc. common stock for investment. Chairman T. Boone Pickens said Mesa plans to reach up to 10 percent. KN Energy has 8.9 million shares outstanding. spokesman Harlan Hanson offered no comment.
MENTIONED IN THIS ARTICLE
Amarillo, Texas
Mesa Petroleum Co
KN Energy Inc
Mesa
T. Boone Pickens Pickens
KN Energy
Harlan Hanson
Judge weighs Soo Line bid in Milwaukee Road case
U S District Judge Thomas R McMillen plans to rule no later than Friday on who will acquire the Milwaukee Road 3100 mile Chicago base. He indicated a present inclination toward the Soo Line while holding Thursday oral arguments for the railroads. The bidding battle pits Soo Line against C&NW with bids of 571 million and 782 million respectively.
MENTIONED IN THIS ARTICLE
Milwaukee Road
Soo Line Railroad
U.S
Thomas R. McMillen
Chicago & North Western Transportation Co
C&nw
Richard B. Ogilvie
McMillen
William Bickley
Cedar Rapids
ADM Corn Sweeteners
Cargill
Soo Line
North Western
Gulf
Chicago Milwaukee Corp
U.S. District Court
ICC
License deduction tougher to figure
Iowa shifted to a birthday based car license system in 1984 causing some owners to buy two licenses. IRS specialist Ruth Lakers explains a four step calculation to determine the deductible portion tied to the car’s value, with a simpler method for single license payers and extra rules for business use.
MENTIONED IN THIS ARTICLE
Iowa
IRS
Ruth Lakers
Des Moines
Lakers
KQCR Sold for 1.9 Million to Dallas Investor
David W. Small, a 25 year broadcasting veteran, will acquire KQCR-FM from Cowle Enterprises Ltd for 1.9 million. The sale requires FCC approval and Small becomes president and GM with no staff changes planned. KQCR ranks first in Cedar Rapids Iowa City according to Birch ratings.
MENTIONED IN THIS ARTICLE
Gazelle
Simnai
Dallasman
Cedar Rapids
David W. Small
Kqcr-Fm
Cowle Enterprises Ltd
Federal Communications Commission
Clymer
KQCR
Small
KMGC
Cowle Enterprises
Ames
Iowa
St. Joseph
Kcdr-Am
Dulaney Broadcasting Inc
Dow Jones Stall After Mixed Wall Street Session
The Dow fell 4.85 to 1285.23 after failing to reach a record as energy takeover chatter boosted Phillips Petroleum up 34 percent and Unocal higher. KN Energy gained 3 percent as Mesa Petroleum stake rumors flow, while GM and Ford slipped and overall breadth favored advancers.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Phillips Petroleum
Carl Icahn
Phillips
Unocal
T. Boone Pickens
Mesa Petroleum
KN Energy
Mesa
General Motors
Ford Motor
Chrysler
Exchange
Standard & Poor
S&p
U.S. car sales stay strong in January gains
U.S. domestic car deliveries rose 3.5 percent in January from a year earlier, marking the best January for domestic makers in six years. Chrysler led with 18.1 percent growth, Ford up 4.1 percent, GM up 1.2 percent as it works through strike-related supply issues, while American Honda reported strong gains in its Ohio-made output.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Ford Motor Co
General Motors Corp
American Honda Motor Co. Inc
Japan
Honda
Toyota
Nissan
U.S
American Motors Corp
Volkswagen of America Inc
AMC
Pennsylvania
Ford
United States
Toyota Motor Corp
Nissan Motor Co. Ltd
Honda Motor Co. Ltd
Ohio
IE reports earnings up in 1984 driven by cost cuts
Iowa Electric Light and Power Co. posted 1984 earnings of 2.41 per share, up 11 percent from 2.14 in 1983, with net income at 34.4 million. The increase followed cost containment and an early retirement program reducing staff by 10 percent. shares rose to 12.4 million outstanding. Dividends of 4.714 cents per common share were declared.
MENTIONED IN THIS ARTICLE
Iowa Electric Light and Power Co
Lee Liu
Also Mentioned on This Page
Money Briefs Frontier
Center Land
Allis Chalmers
C.R
George C. Ford
Bill Clymer
Iown
Re Ever
Ted Br
Auarranty Corporation
American Building
Marion Boulevard
Edgewood Rd
Fowa
United Federal Savings Bank
ESIC
N.E
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